Oahu housing performs long term
Buy and hold mindset pays off down the road
Honolulu Advertiser
By Lisa Scontras
Good economy or bad, there is never a shortage of information about common real estate investment mistakes and how to avoid them. One blunder that consistently tops the list is short-term thinking. Real estate is historically a slow, steady and conservative performer that increases in value over time, according to successful, longtime investors.
Contrary to the quick money, flip-it mentality, which is based purely on speculation, buying an investment property with a long-term mindset can be a great source of income down the road — even helping to supplement a derailed retirement plan.
With one American turning 50 every seven seconds, saving enough for those golden years is a real concern for the millions of families who have seen traditional pension plans and retirement accounts evaporate.
John Hayama, Realtor and partner at Prudential Locations LLC, says people of
all ages are considering real estate as a way to eventually boost their retirement income.
