Thursday, March 07, 2019

Not There Yet

This homeowner's place in the sun is on the verge of
being overshadowed. Nice trimming, though.
We've commented often (too often, some say) on changes to my old neighborhood in Honolulu. If the changes--homelessness, parking and traffic, vermin-- are so bad, why don't more people sell? Sure, they may be holding out for a higher price, but I don't think that's the main reason.

First, there's the emotional attachment: four generations of my family have lived at the same address, and we're typical. Second, there's an embedded cultural principle, common to many Asians, of holding onto land at all costs.

If the dollar signs become big enough so that it's really stupid not to sell, I suppose the family will. But we're not there yet.

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