First sale of a destroyed unit in Lahaina sold for $140K

Local realtors told KHON2 its a big risk and many don’t want to touch the area as its unknown what Lahaina will look like moving forward.
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[@nevadastrong702]

And so it begins.

[@shanetheundertaker8474]

Sold to BlackRock 🎉

[@aubreymorgan9763]

if you do feel you need to sell hold out for more! your land is so precious, even empty plots in other islands are selling for more than that, 140k is an insult to what you've been through

[@user-rh8fl8qz2z]

Just because it sold does NOT mean rebuilding will start soon. It will take YEARS.

[@bartholomewceremony6981]

Wrong unless you're referring to regular people. I

[@danielapilando8396]

Man and people really tried to act like this wouldn’t happen at all..

[@writersquill433]

Is this what is called a “fire sale?”

[@ommmggee5667]

The land grab has started…

[@SpaceRanger187]

it started before the fire. Thats why the fire because they wouldn't sell

[@valeriewatson3958]

Exactly

[@doughboi007]

This will be an easy way for non-islanders to get land in HI for cheap.

[@pimaxuma]

Not a good deal if not allowed to rebuild. The clean up and repairs will be costly. Investing in a destroyed condo is a VERY bad idea. A condo investor owns a share of the land and zoning rights, but also a share of the pending reconstruction costs. It's a VERY BAD investment. It's better to buy AFTER all the reconstruction. The magnitude of destruction is too high, and the burned debris/ash is toxic, requiring expensive removal (can trigger disposal lawsuits). Water and sewer pipes need to be rebuilt, and power lines too. And no public works timeline is available. So after waiting 7-10 yrs for the clean up and construction, the condo owner might not have water, sewer or electricity (some or none). Real estate agents would be liable for not disclosing any problems. And Lahaina has too many problems, that's why realtors stay away. Investing in a condo that might never be rebuilt is stupid.

[@LonnieBrewer-dd4wi]

But what if they have the money and materials to rebuild.

[@eevd350z]

Sounds like it would take billionaires to pay for it and rebuild and put up resorts to me 🧐

[@kgoutdoorsolutions430]

It’ll be much more expensive once reconstruction is done.

[@alive4082]

Money pit

[@b1cf]

Wow, conspiracy theorists were right after all.

[@wasabiginger6993]

Gee wiz … there goes my ID as a stupid conspiracy tin foil nut case … that everyone has hated me for … for the past 20 years. Not sure I will be able to handle folks becoming like me as so used to being rejected and hated on.

[@erikh9991]

Right about what? Any disaster where you have under insured people causes a land grab. That's no conspiracy, that's called life.

[@HawaiiSustainable]

Conspiracy is a chargeable crime. In my opinion this was a case of criminal conspiracy, murder for hire, arson, grand larceny and several other crimes that may have been committed. The wealthy that could be behind it may meet every year at Davos and simple folk like King Charles, Larry Fink and Klaus Schwab puppeteering our out of state Governor UN Green and Police Chief/Coroner who coincidentally was watch command of the worst shooting in US history before here for worst fire. Motives, means opportunity and the same suspects investigating themselves a lot of suspicious coincidences that would be great to be investigated by independent citizens or police…However that is currently almost impossible to happen as a few funds own almost every large company don’t see any justice barring a peaceful mass awakening and most are too divided and distracted to come together and work on solutions.

[@Pantystealer]

140k not even that much

[@johnthomasdesign]

The vultures are circling

[@thaimassage23]

If your not around,you can't benefit from this land grab.

[@The.Hawaiian.Kingdom]

They’ve been circling since the day of the fires.

[@ladydiana6745]

I would not have sold that cheap!!! No Way!!!!

[@suzannekrauss9208]

That’s such a lie! They exactly know that the property will be developed in Maui resulting in the land being worth more in the end!

[@river4462]

The fire WAS the conspiracy IS the conspiracy

[@bloo4448]

What?…..this is prime land…….unbelievable;e

[@oger_ROG]

Seems like a stall game they playing. I think when money is wasted, owners will sell.

[@bullyboy131]

140k!? What a steal.

[@FairyRosee_]

I bet 90% of the people who will live there will not be from Hawaii. Outsiders shouldn't even have claim to this land.

[@drjojo5551]

Put a ban on offshore offers, and tourists!!! Let the islanders keep their crappy islands!!! They HATE…..ALL FOREIGNERS anyway!! FLOUNDER BABY!!!!!!!! We loved Oahu, Maui, Kauai………not no more!!!

[@isheistone5276]

90% who lived there wasn't from Hawaii in the first place....we only care about who in ur heart lives on Maui u can be white or black Asian whatever but if u care about money more than people than we ask that u not come here and I can guarantee you u will not be sold anything we check the heart not the wallet

[@StarBunniiiii]

Not only should the land be going back to the locals, but that’s way too cheap for that land

[@wsfwsf1497]

Nice tie.

[@ladyeri86]

Predatory buying??

[@erikh9991]

Note everyone can hang on for the "big" settlement. I would not as the last settlement took 30 years to payout.

[@dorthymcbride3384]

The governor promised to protect the land from greedy wealthy folks😢

[@HawaiiSustainable]

Many who live in Lāhainā and Kula like myself have believed Governor Green who declared an emergency declaration weeks prior to the fire suspending 7 laws related to development, Chief/Corner Pelletier here for worst fire in US history and previously called leading response to the worst shooting in US history “his greatest professional achievement” are working for trillionaire developers who have wanted to buy land that generational locals would never sell at any price.

[@StrongLikeBullTV]

How does purchasing property from a willing party make you greedy?

[@Sharyk808]

@@StrongLikeBullTV You don’t live here so🤔greedy would be non-local anywhere trying to buy property here before locals.

[@dan749]

I'm going to purchase as much as I can and resell it for more money. Its money, people.

[@StrongLikeBullTV]

@@Sharyk808 sounds like folks here expect concessions that are not given to citizens of other states. Why is this?

[@GabrielleManaloto]

Being bold and qurious

[@roberthenderson4466]

THAT OPRAH THING IS INVOLVED......

[@phantpwr]

get help for your anxiety

[@roberthenderson4466]

@@phantpwr NEVER HAD ANXIETY....... TIME FOR MR PUTIN"S FAVORITE DRINK......STOLICHNAYA VODKA ON ICE......

[@bobsilver3983]

She is involved@@phantpwr

[@dorthymcbride3384]

Here we go! Other folks instead of hawaiians. They weren't supposed to bring other buyers.😢😢

[@The.Hawaiian.Kingdom]

Honestly, the vast majority of people living in Lāhainā aren’t Hawaiian soooo.

[@kosmiccandie]

This realtor is a liar. In Paradise California(the camp fire) developers bought it up. Pennies on the dollar today those houses sell for 200-300% more.

[@RodReklai]

140 uwapo

[@tinfoilhatnews7489]

This is so f*king wrong

[@StrongLikeBullTV]

Good investment. Purchasing propert on island

[@emichin7010]

Buying property in a wasteland ??

[@bobsilver3983]

They burned it because they wanted it

[@drjojo5551]

Didn’t buy insurance……now the islanders are whining!!! ALOHA

[@gene6087]

thats bs