"THE WRONG SIDE OF THE EQUATION
One reason we may be wondering who owns O‘ahu is that we feel we can’t afford to buy here. Plus, we worry about our children’s ability to buy when it’s their turn.
In June of 2013, Kimberly Burnett of UHERO, the University of Hawai‘i Economic Research Organization, calculated house affordability vis-à-vis income. To afford a median priced single-family house ($630,000), a household would need an income of $96,000 a year and a down payment of $126,000 at an interest rate of below 4 percent.
Unfortunately, our median household income is $80,000. “The median family income would not be able to afford the median-priced home,” says Burnett.
Not only that, but the median single-family home price reached a record $719,000 in December 2014. One good piece of news is the postponement of a 2015 interest rate increase by the Federal Reserve.
Still, “only at interest rates well below 3 percent does the median home become affordable to the median household,” says Burnett. According to HSH.com, a mortgage information company, in 2012, interest rates for a 30-year mortgage touched a record low of 3.62 percent. The previous pre-Great Recession record low was in 2003, when rates for a 30-year mortgage hit 5.3 percent, lowest in 37 years. "
DO WE RENT OR OWN?
As of 2010, 46 percent of o‘ahu residents rented and 54 percent owned; 58 percent of us lived in 196,000 single-family homes versus 42 percent in multifamily units.1 Nationally, 35 percent rented and 65 percent owned, so O‘ahu’s high cost of housing does have an effect.2
1. DEPARTMENT OF PERMITTING AND PLANNING, CITY AND COUNTY OF HONOLULU.
2. NMHC, NATIONAL MULTI-FAMILY HOUSING COUNCIL.
"TOP DOGS IN TOWN
Large, concentrated landownership allows shorthand characterizations to flourish, not always fairly, but usefully and, at times, colorfully. Here are some neighborhoods that could almost be company towns:
KAKA‘AKO: Howard Hughes, Kamehameha Schools, Office of Hawaiian Affairs (OHA).
WEST SIDE: the U.S. military, HEI/HECO, SIR (see box, “There Goes the Neighborhood”), Disney, Harry Weinberg Foundation affiliates.
KAPOLEI: The James Campbell Company LLC and its related affiliates.
LĀ‘IE AND KAHUKU: The Church of Jesus Christ of Latter-Day Saints (the Mormon Church), through real estate arm Hawai‘i Reserves Inc.
KAILUA: Alexander & Baldwin Inc. paid $262 million last year to Kāne‘ohe Ranch and the Harold Castle Foundation for their Kailua Town holdings.
NORTH SHORE: Kamehameha Schools, Dole.
MILILANI: Castle & Cooke (David Murdock).
KĀHALA: Alexander & Baldwin Inc. recently bought 16 percent of Kāhala Avenue (including 27 former Genshiro Kawamoto properties).
WAIKIKI: U.S. military, Hilton Hawaiian Village LLC, Kamehameha Schools Bishop Estate, Queen Emma Foundation (through its Queen Emma Land Trust), Kyo-Ya Co., Queen Lili‘uokalani Trust, Hālekulani, Outrigger Enterprises Group (Outrigger Hotels).
TOP LANDOWNERS STATEWIDE |
|
1. State Government, including Department of Hawaiian Home Lands |
1,565,538.0 acres |
2. Federal Government |
530,122.9 acres |
3. Kamehameha Schools |
363,526.5 acres |
4. Parker Ranch |
106,737.1 acres |
5. Lāna‘i Resorts LLC |
89,184.1 acres |
6. Alexander & Baldwin |
88,763.3 acres |
7. Moloka‘i Ranch |
56,743.6 acres |
8. Robinson Family |
50,614.3 acres |
9. Robinson Aylmer |
46,040.6 acres |
10. County Government |
34,142.1 acres |
11. Grove Farm |
33,294.0 acres |
12. Castle & Cooke |
30,141.9 acres |
13. Haleakalā Ranch |
29,199.9 acres |
14. Maui Land & Pine |
23,042.1 acres |
15. Yee Hop |
21,636.6 acres |
16. Ulupalakua Ranch |
18,523.6 acres |
17. W.H. Shipman |
16,804.8 acres |
18. Kahuku ‘Aina Properties |
16,423.3 acres |
19. McCandless Ranch |
15,163.5 acres |
20. Finance Factors |
13, 240.3 acres |
SOURCE: HAWAI‘I STATE DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT & TOURISM, OFFICE OF PLANNING, GIS PROGRAM, LARGE LANDOWNERS " |
READ MORE STORIES BY DON WALLACE
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https://www.youtube.com/watch?v=3A19q7rysLs
Exposing Some of the Highlights of Research
by Amelia Gora (2013)
Informing many because..............
I Posted this at the Honolulu Magazine and Facebook websites:
The Kamehameha's heirs and successors/Kamehameha III - Kauikeaouli's heirs and successors............along with all kanaka maoli whose ancestors received alodio/ano alodio titles.............that's who owns the Hawaiian Islands/Hawaiian archipelago...... ThPremeditation, Pillaging, Piracy(ies), Fraud, Duress, Genocide, Lies, Treason, Identity Thieves, Laws of the Hawaiian Kingdom/ Kingdom of Hawaii, Royal Families Existence, 1850 Treaty of the Hawaiian Kingdom and the United States of America and Article XIV, Placing Queen Liliuokalani in 1915 as Queen for a Day to sign illegal contracts, etc. means the U.S. and the American Empire are illegal in the Hawaiian archipelago, along with their American pirates, mafia, etc. http://chroniclingamerica.loc.gov/.../1893.../ed-1/seq-2/...
Hawaii holomua = Progress. (Honolulu) 1893-1895, December 07, 1893, Image 2
Hawaii holomua = Progress. (Honolulu) 1893-1895,...
CHRONICLINGAMERICA.LOC.GOV
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Amelia Gora http://maoliworld.ning.com/.../american-mafia-articles...
American Mafia Articles/Full Article(s) Now Posted Below......Genocide Issues...
MAOLIWORLD.NING.COM
e Truth exists .......fyi.
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Historic Washington Place in Honolulu
Family Home of Hawaii's Last Queen
Built by Sea Captain John Dominis in 1847
Washington Place was built by wealthy trader and sea captain John Dominis between 1842 and 1847. It was designed by architect Issac Hart in the Greek revival style. Captain Dominis was lost at sea in 1846 before the house was completed. His wife Mary converted the home into a boarding house to support herself and her son, John Owen Dominis. John Owen married the Hawaiian princess who later became Queen Liliuokalani.
Queen Liliuokalani's Home
Washington Place became Queen Liliuokalani's home when she married John Dominis as a young princess and she became the sole owner when her husband died. She was arrested inside Washington Place before she was deposed and she died in one of the downstairs bedrooms in 1917. There is a plaque near the sidewalk on one side of the building with the words to one of the most popular songs written by Queen Liliuokalani, "Aloha Oe".
Governor's Mansion 1921-2001
In 1921, Washington Place was purchased for $55,000 from Queen Liliuokalani's estate by the Territory of Hawaii. It became the official Hawaii governor's mansion and thirteen Hawaii governors have resided there, beginning with Governor Wallace Farrington. In 2001 a new 5000 square foot governor's mansion was built on the same property as Washington Place. Governor Linda Lingle was the first Hawaii governor to live in the new residence.
Became a U.S. Historic Place in 1973
Washington Place was added to the United States National Register of Historic Places on June 18, 1973 and its registration number is 73000666.
Became a Museum in 2001
Washington Place is now a museum where visitors can learn about the history of Hawaii. Public tours are available when reservations are made 48 hours in advance by calling 808-586-0248. The tour typically takes 30 to 45 minutes and the maximum tour size is 12 people. Touring visitors must have valid photo identification and nothing larger then a handbag can be brought into the building. Video photography is not allowed and still photography is limited to the front of Washington Place.
Became a U.S. Historic Landmark in 2007
Washington Place was designated a National Historic Landmark on April 4, 2007 by United States Secretary of the Interior Dirk Kempthorne.
Location
Washington Place is located at 320 South Beretania Street, across the street from the Hawaii State Capitol building in downtown Honolulu. There is no parking on the property but you can try parking on the street, in the Iolani Palace parking lot or in the city garage in the 500 block of South Beretania. Reference: http://www.hawaiiforvisitors.com/oahu/attractions/washington-place.htm
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Note: This is Evidence of Piracy, Pillaging, etc. because the land owners exists...... the land that the Dominis family lived on was only a lease...........Kalaimoku/Kalanimoku was the owner, his heirs: son W.P. Leleiohoku, and hanai/adopted daughter/true niece Kekauonohi/Miriam Kekauonohi were heirs.....and our families are part of the heirs/ reciprocal beneficiaries of them because we are the families of Kalaimoku/Kalanimoku and even his last wife Akahi!
The Kamehameha's exists, which includes our families.................the permanent treaty of 1850 Hawaiian Kingdom and the United States of America exists, and Article XIV documents prosecuting pirates, etc.
https://www.youtube.com/watch?v=SqHRh-F-HV8
Kau Lana Na Pua
"That the Territory, as successor to the Kingdom of Hawaii, has obtained title to this lot by prescription."
There was no treaty of Annexation, the Kamehameha III - Kauikeaouli's heirs and successors exists and are parties to the 1850 Treaty of the Hawaiian Kingdom and the United States of America"
The Kamehameha's heirs and successors/Kamehameha III - Kauikeaouli's heirs and successors............along with all kanaka maoli whose ancestors received alodio/ano alodio titles.............that's who! wink emoticon