http://www.condo.com/Community/UserBlogPage.aspx?ID=88169Robert Huber's Blog, Courtesy of Condo.comen©2009 US Condo Exchange, LLC.Tue, 02 Jun 2009 21:14:00 GMTTue, 02 Jun 2009 21:14:00 GMThttp://www.condo.com/Community/UserBlogPost.aspx?ID=329612b9a120-ac7d-4dd5-bdb9-6c10e96cb0b0Tue, 02 Jun 2009 21:14:00 GMThttp://www.condo.com/Community/UserBlogPost.aspx?ID=21862a28f5ce-bf7c-4d43-a7b0-3171ac7e8afaMon, 06 Oct 2008 02:07:22 GMT With the more strict underwriting of loans comes higher downs for condotel's , try 30% or more depending . So many more factors involved to factor in approval , percentage of homeowner's to renter's , full kitchen , etc. On top of that the City and County of Honolulu have hit the condotel owner's with an extremely high assesed value , doesn't seem to justify what your buying. However , with so many snowbirds and visitors , including higher hotel rates contels seem to still sell ....just not so easily . I have seen prices come way down on them due to the fact that they are more days on the market and underwriting.
Caveat Emptor.
                     Robert Huber RA   Price Realty Goup]]>http://www.condo.com/Community/UserBlogPost.aspx?ID=2175f8d98d18-828f-4739-80b0-7c6dcb9f1394Wed, 01 Oct 2008 11:48:20 GMThttp://hulahomeshawaii.typepad.com/hawaii_real_estate_today/]]>