Happiness Can be Bought in Hawaii

By: Steven Cancel

Hawaii is one of the world's biggest tourist attractions for people from the United States and Asia. The climate, scenery, and what's been made of it can easily be explained with one word - bliss. If your anything like me you have considered not just travelling but living in such a paradise.

My research has shown that the cost of living is generally 30 to 60 percent higher than the United States national average. Generally, a family of four should have a household income of at least $110,000 to be able to live comfortably in Hawaii. This cost difference is easily justifiable with the amazing attributes you obtain on any of these breath taking islands. More than 90 percent of the food on the islands are imported and they only carry a 7 day supply of perishable goods. This is generally because the land is too expensive to grow large amounts of crops to help offset this measure. The cost of shipping the large food supply greatly affects the cost of living. Fortunately, warehouses such as Costco and Sams Club have recently setup locations on the islands that have dampened the cost of products and foods for smart shoppers.

Hawaii is made up of about 4.1 million acres. About 50 percent of this land is owned by the federal government. Another 20 percent is owned by seven different private land owners and 30 percent is owned by all other people and businesses. These statistics also explain why supply and demand play a role in the cost of real estate.

With the current status of US foreclosures climbing, it is a great time to search for real estate deals in Hawaii. Cost of living and economy slowdowns affect these high cost of living markets much more than lower standard markets. People that purchased properties or housing using ARM mortgages or those who have been laid off in the recent slowdowns may be forced to sell their estates at a loss due to rising payments or not being able to meet their mortgage obligations. This can definitely work in your favor if you are looking for a great deal in paradise.

If you are able to afford to live in this blissful place it is definitely worth looking into. Whether you enjoy the city life, perfect climate, or incredible scenery Hawaii can definitely meet your needs. If you haven't been to any of the islands take the time to browse the internet for housing, scenery, and city pictures. You're surely in for a treat.

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