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Hawaiian real estate rules

Cheryl20772

Cheryl20772

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I think it was back in 2006, we were visiting in Hawaii and a timeshare sales rep told us (I do generally know what it means when their lips are moving), that Hawaii is fed up with all the Japanese people buying up their land and require anyone buying Hawaiian real estate to be physically present in Hawaii to sign the contract.

I suspect they were using that ploy to create in us an urge to "buy now" because it might be a long time before we got to Hawaii again.

I now see people buying and selling TS contracts with no mention of any such regulations. Has anyone else ever heard that line before?
 
R

Rob&Carol Q

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You nailed it...their lips were moving....

Something I do recall from my days stationed in Paradise, much of the land on Oahu is held in one of the various Trusts. You were actually leasing the right to build/own for a period of about 75-100 years after which, everything reverted back to the Trust.

I'm sure they worked that one out by now...
 
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