@Armand P.Hawaii is a great market to invest in if you are looking for appreciation, stability, and a prestigious place to own property.

Thanks for your thoughts on "Sparkle City" as they call it, great info!

I also give my housekeeper a small bonus every time a guest checks that the house was sparkling clean in their review.

Hagerman is a fairly prestigious place to retire, & could easily turn more so, with the years, which would give appreciation of any lots in Hagerman, including ones with trailers on them. ()A writer-friend of Ernst Hemingway lived near Hagerman, as an hide-away, where he did his writing.

Hi Jeff,That's a great theoretical question, and one I used to ask myself when I was 15 years younger and fresh out of undergrad with "efficient market theory" "optimal capital structure" "modern portfolio theory" "increased returns are correlated with increased risk" and other articles of faith that had been passed off as fact by the professors in the economics department at my very prestigious college.A decade and half later I no longer buy into the idea that markets are efficient - neither stock markets, nor real estate.There is a deep divide between people who buy the theory and those who don't.

After all, you invest in real estate to make money, and location is a crucially important factor.The PwC and Urban Land Institute 2021 Emerging Trends in Real Estate: US and Canada report (which is one of the most prestigious and trusted publications in the real estate industry) names two of these markets among the top 10 markets for overall real estate perspectives. 

I know that this neighborhood is very prestigious and people of a certain stature WANT to live here.

You don't come to them until AFTER you have the asset, which is fully renovated and sparkling, and you get the place appraised.

We know that we have a sparkling great home that will attract great renters, and mostly, we are super proud of it.

A local investor I know has 1 unit in prestigious towers in Montreal.