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thenewgreen · 4081 days ago · link · · parent · post: In Hawaii, $600,000 for a single-family home is a BARGAIN
With a median income at $36k and a median house price of around $700k, there is something wrong. But then, when you move to paradise, you can't expect that it will be cheap. It also seems to be a case of supply and demand.
- Plenty of people already are. In the last 20 years, Hawaii’s population has grown by more than 40 percent, which helps to drive the price of land upward.