Buy Real Estate First Then Buy A Nice New Car, Truck or SUV
by: 1SG (Ret) David and Tonya Kucic, Hawaii Real Estate Agent
Everyone must have somewhere to live whether it is their own home, a friend's home, military barracks, college dorm or their parent's home. While I like to drive a nice car just like anyone else, I am well aware of the difference between something that is going to increase my wealth rather than have me take a loss.
"It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate"
Donald Trump
What happens when you buy a brand new car and drive it off the lot? Well, first of all, you bought the car at "retail" price. Once you take ownership of that car, it is now valued at "wholesale" price. The difference between the "retail" price and the "wholesale" price varies upon many different factors such as model, make, mileage and options to name a few. As an example, you could buy a brand new 2006 BMW 530i, 4 door for $47,850. That exact same car bought used with 1,000 miles on it would be valued at $42,850. That's a quick loss of $5,000. The car is considered a "used car" as soon as it becomes the property of the first owner. A used car loses approximately 15-20% of its value each year.
•· Depreciation def: A decrease in price or value over time
•· Appreciation def: An increase in price or value over time
Investments That Our Parents Used: First there were investments in savings bonds and savings accounts. After that it was the stock market, Certificates of Deposit, then mutual funds and IRA's and somewhere along the line, Hawaii Real Estate Investing emerged as one of the premier tools for consumers to purchase as a way to build wealth. This is what the current generation of investors believes to be their best opportunity to secure their financial future.
While all of these "old school" investment strategies still have potential to earn you money and build wealth, Hawaii Real Estate Investing seems to be getting a lot of attention as the preeminent way to invest and there is good reason for that. Take a look at these figures from the Honolulu Board of Realtors as they relate to Hawaii Real Estate on the island of Oahu:
•· From 1985 to 2006 (21 years), the average sale price of a single family home on Oahu has increased 279% which equates to 6.5% annually
•· From 1985 to 2006 (21 years), the average sale price of a condominium has increased 243% or 6.1% annually
It is hard to argue the difference between something that appreciates rather than depreciates. So before you decide to buy that new car, sit down and talk to a real estate professional and let them work to help you start building your real estate portfolio.
MILITARY BASES, POSTS AND FORTS ON OAHU, HAWAII AND POHAKALOA TRAINING AREA BIG ISLAND OF HAWAII
Schofield Barracks: Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii Schofield Barracks and adjoining Wheeler Army Airfield are the 2nd Brigade, 3rd Brigade, Aviation Brigade, 45th Sustainment Brigade and the 8th Military Police Brigade. In addition, the 8th Theatre Sustainment Command, 65th Engineer Battalion, 25th Special Troops Battalion and the 556 Personell Service Battalion are also part of the Division team and play an integral role in the success of the Division.
There are also two Brigades that are stationed in other locations. The 1st Brigade is stationed at Ft. Lewis, Washington and the 4th Brigade is stationed at Ft. Richardson, Alaska.
The 25th Infantry Divison has proudly served in numerous wars and conflicts around the globe. The Soldiers that make up the division are currently deployed to several locations to include Iraq.
Pearl Harbor: Pearl City, Pearlridge, Aiea, Salt Lake, Honolulu, Waipahu, Oahu, Hawaii
Hickam Air Force Base: Pearl City, Pearlridge, Aiea, Salt Lake, Honolulu, Waipahu, Oahu, Hawaii
Marine Corps Base Kaneohe: Kaneohe, Kailua, Oahu, Hawaii
Camp H. M. Smith: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii
Tripler Army Medical Center: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii
Fort Shafter: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii
Wheeler Army Airfield: Mililani, Wahiawa, Kapolei, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii
Helemano Military Reservation: Wailaua, Wahiawa, Mililani, Haleiwa, Oahu, Hawaii
Kahuku Training Area: Kahuku, Oahu, Hawaii
Kilauea Military Reservation: Hilo, Kona, Hawaii
Pohakuloa Training Area: Hilo, Kona, Hawaii
Makua Military Reservation: Waianae, Nanakuli, Makaha, Oahu, Hawaii
TEMPORARY LODGING FACILITIES FOR THE ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES ON OAHU, HAWAII
The Hale Koa Hotel on Waikiki Beach: Honolulu, H
The Inn at Schofield Barracks: Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii
The Royal Alaka'i at Hickam Air Force Base
The Lodge at Kaneohe Bay and the Cottages at Kaneohe Bay
Navy Lodge Hawaii at Pearl HarborThe Beach Cottages at Kalaeloa (formerly Barbers Point NAS): Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii
Tripler Army Medical Center Guest House
Bellows Air Force Station Beach Cabins
GOLF COURSES ON OAHU, HAWAII FOR ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES
Leilehua Golf Course (Army, Schofield Barracks) Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii
Walter Nagorski Golf Course (Army, Ft. Shafter)
Mamala Bay Golf Course and Kealohi Golf Course (Air Force, Hickam AFB)
Kaneohe Klipper Golf Course (Marine Corps, Kaneohe Bay)
Barbers Point Golf Course (Navy, Barbers Point): Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii
Navy Marine Golf Course (Obvious Right?)
COMMISSARIES ON OAHU, HAWAII FOR ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES
Schofield Barracks Commissary near Wahiawa, Waipahu and Mililani, Hawaii Kaneohe Marine Corps Base Commissary near Kaneohe and Kailua, Hawaii Barbers Point Commissary near Kapolei, Ewa Beach and Makakilo, Hawaii Pearl Harbor Commissary and Hickam Air Force Base Commissary which are both near the cities of Pearl City, Pearlridge, Aiea and Honolulu.
Search For homes on Hawaii Home Search Link
Search For Homes on Oahu Hawaii MLS
Hawaii Real Estate Agent Website
Find a Hawaii Real Estate Agent on Oahu, Hawaii
Search Homes and Condos For Sale in Honolulu, Hawaii
Search Homes and Condos For Sale in Mililani, Hawaii
Search Homes and Condos For Sale in Ewa Beach, Hawaii
Search Homes and Condos For Sale in Kapolei, Hawaii
Search Homes and Condos For Sale in Makakilo, Hawaii
Search Homes and Condos For Sale in Waipahu, Hawaii
Search Homes and Condos For Sale in Aiea, Hawaii
Search Homes and Condos For Sale in Pearl City, Hawaii
Search Homes and Condos For Sale in Pearlridge, Hawaii
Search Homes and Condos For Sale in Kailua, Hawaii
Search Homes and Condos For Sale in Kaneohe, Hawaii
Search Homes and Condos For Sale in Waialua, Hawaii
Search Homes and Condos For Sale in Diamond Head, Hawaii
Search Homes and Condos For Sale in Hawaii Kai, Hawaii
Search Homes and Condos For Sale in Portlock, Hawaii
Search Homes and Condos For Sale in Wahiawa, Hawaii
Search Homes and Condos For Sale in Waikele, Hawaii
Search Homes and Condos For Sale in Waianae, Hawaii
Search Homes and Condos For Sale in Maili, Hawaii
Search Homes and Condos For Sale in Nankuli, Hawaii
Comments(6)