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Investing in Real Estate

Light Rail Transit on Oahu: Real Estate Investment Opportunity or Urban Blight?

It’s probably the hot topic in Hawaii today. You hear conversations all over town beginning with, “what do you think about rail?” This article won’t get into the debate about whether you’re for or against. The bottom line is that the City & County of Honolulu broke ground for the Honolulu Rail Transit (HART) project in February. The ceremonial groundbreaking and blessing was held on Kualakai Parkway in East Kapolei, near the site of the first of 21 rail stations planned for the 20-mile elevated route. There are pending lawsuits to stop the project, but at this point, all systems are go — so the question is:

 If rail transit becomes a reality, what will be its effect be on Hawaii real estate?

Buying

Finding a home in a good school district

Most prospective homebuyers have personal priorities when shopping for a home. While some may want a big yard, others seek state-of-the-art appliances to go with a gourmet kitchen. Easy access to public transportation is also a major reason buyers may choose a particular home. These days, a growing number of families have a different priority when home shopping — good schools.

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