Will Hawaii's real estate market be affected by future higher fuel prices?
Do you think you will see a near future change in your neighborhood? Near future meaning in the next 2-3 years. According to various and current news sources, our electric bills have seen a 50% increase over the past 2 years and will continue to increase. Water and Sewer costs have gone up. This means that maintenance fees for condos have and will increase. The cost of goods and services, transportation, building supplies and just about any product shipped to Hawaii have increased and will continue to rise at a greater rate. This gas increase will trickle up to reflect higher Hawaii construction costs and higher Hawaiian real estate prices overall.
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