Maui’s UnReal Estate

February 10, 2008 > MAUI TODAY, > Maui Yesterdays No Comments
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Click for Kahului, Hawaii ForecastUmbrella Day
Day 401of 2008
325 days left in this year
HAWAIIAN WORD OF THE DAY — Pipi’i: Overpriced, expensive
 PIDGIN WORD OF THE DAY— Mani: Money
HAWAIIAN PROVERB OF THE DAY— “‘opihi shells from foreign lands.” (money) 
 WEB SURF SPOT OF THE WEEK  — Project Gutenberg
 WEB VIDEO OF THE WEEK  —  Squirrel ala Huckabee
 PODCAST OF THE WEEK — TWiT.TV
 UPCOMING EVENTS  — Feb. 22: “Give Peace a Dance”
Maui Real Estate

February 10th, 2007: The Maui News reports that housing prices on Maui reach record highs, with an average selling price of $612,000, which one Realtor calls “startling”. The median price for a house in Wailea/Makena for the same time period was $1,600,000.

Three years later, in the largest bust of the housing market ever recorded in U.S. history, housing prices plummet nationwide - except Hawaii - and in 2008 it is estimated that 2 million people will lose their homes because, not to put too fine a point on it, they bought houses they couldn’t really afford in the first place.

The rule of thumb in the Hawaiian housing market is that it takes 6 to 12 months for trends on the mainland to reach the state, which means the true slump won’t be felt here in the islands until this summer.

 HISTORICAL EVENTS ON THIS DAY — February 10th

  •     60: Saint Paul is thought to have been shipwrecked at Malta 
  • 1635: The Academie Francaise is founded in Paris 
  • 1763: The Treaty of Paris ends the “French-Indian” War
  • 1846: Mormons begin to leave Illinois in their exodus west  
  • 1870: The YWCA (Young Women’s Christian Association) is founded (in New York City) 
  • 1897: The New York Times begins using the slogan “All the News That’s Fit to Print” 
  • 1933: The first singing telegram is delivered by the Postal Telegram Company in New York City 
  • 1949: Arthur Miller’s “Death of a Salesman” opens on Broadway 
  • 1957: The styrofoam cooler is invented
  • 1996: IBM’s Deep Blue defeats chess champion Gary Kasparov

 BORN ON THIS DAY — February 10th

  • 1609: Sir John Suckling,  poet/dramatist/courtier     
  • 1890: Boris Pasternak,  novelist/poet
  • 1893: Jimmy Durante, comedian/actor
  • 1893: William (“Bill”) Tilden, tennis player 
  • 1898: Bertolt Brecht, playwright 
  • 1898: Dame Judith Anderson, actress 
  • 1906: Lon Chaney Jr, actor  
  • 1929: Jim Whittaker, first American to climb Mt Everest
  • 1930: Robert Wagner,  actor
  • 1937: Don Wilson, rock guitarist (Ventures) 
  • 1939: Roberta Flack,  vocalist 
  • 1946: Donovan (P Leech), rocker musician
  • 1950: Mark Spitz, Olympic swimming champ 
  • 1951: Roxanne Pulitzer, author
  • 1953: George Stephanopoulos, broadcast journalist
  • 1955: Greg Norman, PGA golfer 
  • 1958: Sharon Stone,  actress 
  • 1967: Laura E Dern,  actress