Jun 04 2007
Cheap Hawaiian Real Estate
I found this really interesting. If you are a real estate investor working on a very long term horizon, I might have heard about the right plan for you. Lo’ihi Development Co. will is offering oceanview lots in Hawaii for about $40. Sounds great huh? What’s the catch? The lots are currently submerged about 3000 feet below the water, but they’re rising fast (in geological terms). You’d be about 10,000 years away from (maybe) owning a gem.
See MSNBC’s Hawaii real estate — a looong-term investment for the story.