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aquarj
Grand Member (8 years) 
Joined: Apr 02, 2002
Posts: 1040
From: SF bay area, CA
|  Posted: 2006-03-17 10:51 am Permalink
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| Al talked about things getting bad in the islands during the 1990s, so he left. I heard the same thing from a couple of locals when I was there a year ago about the economy getting real bad at that time. What happened? |
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In addition to what Humuhumu said, there was hurricane Iniki on September 11 (!) 1992. I'm not sure how that affected Oahu, but in Kauai a lot of local businesses never recovered. I don't remember for sure, but it might've been the straw that broke the back of the Coco Palms as well.
-Randy
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lanikai
Tiki Socialite
Joined: May 15, 2004
Posts: 490
From: Hawaii
| Posted: 2006-03-17 12:40 pm Permalink
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On 2006-03-17 10:51, aquarj wrote: I'm not sure how that affected Oahu, but in Kauai a lot of local businesses never recovered. I don't remember for sure, but it might've been the straw that broke the back of the Coco Palms as well.
-Randy
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It broke the back and each and every other part of coco palms as well. Not as a straw but as a devastating major natural disaster. Levelled the property. It will reopen but Iniki almost completely destroyed Coco Palms.
In the 90's japanese investors bought too much property at overinflated prices, here in Hawaii. the bubble burst and heads rolled. America investment companies swooped in over the subsequent years to pick up estates and hotels and such at almost dimes on the dollar.
This of course affected the japanese economy and we saw a big downturn of japan Tourists.
there is too much minutiae to go into here re; the effects of this, throughout our businesses, but just be assured things were much different in so many ways before the 90's.
The early 90's America was affected by the "Persian Gulf crisis" and this also, led to a decrease in Hawaii tourism. This has a domino effect here. Many left for the mainland. And still, to this day, there is a "brain drain" as we continually see an exodus from all strata of the work force and the swarm to the mainland. Even cops are courted (no pun intended) by other states, and they gladly accept.
[ This Message was edited by: lanikai 2006-03-17 15:38 ]
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TikiSan
Tiki Socialite
Joined: Sep 29, 2003
Posts: 246
From: O.C., SoCal
| Posted: 2006-03-17 2:48 pm Permalink
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And still, to this day, there is a "brain drain" as we continually see an exodus from all strata of the work force and the swarm to the mainland. Even cops are courted (no pun intended) by other states, and they gladly accept.
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Why do you think people leave Hawaii for the mainland?
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lanikai
Tiki Socialite
Joined: May 15, 2004
Posts: 490
From: Hawaii
| Posted: 2006-03-17 3:28 pm Permalink
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On 2006-03-17 14:48, TikiSan wrote:
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And still, to this day, there is a "brain drain" as we continually see an exodus from all strata of the work force and the swarm to the mainland. Even cops are courted (no pun intended) by other states, and they gladly accept.
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Why do you think people leave Hawaii for the mainland?
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tanx fo da question...
It would be for many reasons, but here's the short list...
It is generally from what we see in the dailies, and what we see and hear firsthand;
Cost of living is skyrocketing. This is caused by many factors.
Housing shortage.
Too many want to move here, and the median home price zooms upward.
Too many of the low level older structures that exhibit the charm of Old Hawaii are being raized and supplanted by 35 story condo towers. This is happening too often, throughout Honolulu, a well as too much overdevelopment in the country and outlying neighborhoods, taxing the already overburdened island infrastructure.
Too many absentee owners.
Mainland "investors' trying to make a quick buck, or even a medium slow buck in the real estate arena.
This in turn, raises property tax values which shoot sky high, making it very difficult for those born and raised here, kanaka maoli and others, to even afford to live in, not only their own town, but even their own state. this will, understandably cause in much resentment.
Now, one may well respond with: "hey. get used to it. That's how real estate works"
But again, many here didn't invite the american way of life to their own culture. Contrary to popular belief, the majority did not joyously celebrate here, when Hawaii became the 50th state.
http://www.kaleo.org/vnews/display.v/ART/2002/11/15/3dd495231de1c
many have greivances of how america stole Hawaii, and to this day, they perceive the stealing continues.
Doesn't matter anyone else's slant on it:
"hey! ya lost the war so get used to the cars and highrises we gave ya. yer better off now."
basically, kama'aina ( a Hawaiian word, contrary to redefining by others, which means a native born or long term resident... an old timer who has lived in the islands most or all their life... ) don't want to leave their homes. but economically it is the only feasable solution, for many growing families, or even singles and couples.
apologies to fil for the thread drift and sorry to be a buzzkill with the gory details, cuz I know this is "family hour" but that is, in a nutshell an answer to your query...
I do know this kinda thing is annoying, but hey; someone asked. Please delete if it's not wanted...
[ This Message was edited by: lanikai 2006-03-17 16:41 ]
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Kailuageoff
Tiki Socialite
Joined: Mar 27, 2002
Posts: 1486
From: Honolulu Lounge,Lewes, DE
| Posted: 2006-03-18 07:30 am Permalink
I kinda thought the Japanese real estate boom/crash might have had something to do with it. I wonder if we are in for a similar fate on the mainland with what has happend to real estate prices the last five years.
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TikiSan
Tiki Socialite
Joined: Sep 29, 2003
Posts: 246
From: O.C., SoCal
| Posted: 2006-03-18 12:16 pm Permalink
Thanks lanikai, I found your response very interesting.
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Phillip Roberts
Tiki Socialite
Joined: Sep 09, 2003
Posts: 1486
From: OAHU, Hawaii.
| Posted: 2006-03-26 11:13 am Permalink
[ This Message was edited by: filslash 2008-09-16 13:59 ]
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pablus
Tiki Socialite
Joined: Jul 23, 2003
Posts: 2146
From: www.crazedmugs.com
| Posted: 2006-03-26 7:19 pm Permalink
BWAAAAAAAANNNNNNAAAAAAAAAAA.
BWWWAAAANNNAAAAA AYYYYYYYYYYY!!!!
cool, like pacific blue cool.
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