Stab Magazine | Hawaii, The Preferred Real Estate For The International 1 Percent

Live Now: How Surfers Get Paid — The Queens of Ascension

452 Views

Hawaii, The Preferred Real Estate For The International 1 Percent

The price of paradise. 

news // Jun 27, 2017
Words by stab
Reading Time: 2 minutes

A recent study found that Hawaii is the most expensive place in the world to buy toilet paper. Four plush rolls will set you back six bucks. On top of the most expensive wipe of your life, for the seventh year in a row Hawaii has been voted the worst state in the US to make a living. 

For those that call the islands home, or have at least wintered there during the North Shore season, this comes as no surprise. Everything in Hawaii’s more expensive—everything. The price of gas is laughable, and the cost of electricity is over 40 percent higher than anywhere on the mainland. 

A Chris Christenson shortboard with no resin tint or colour will set you back $730 at The Surf Garage on Oahu. A similar make and model by Christenson is going for $610 at Mitch’s Surf Shop in La Jolla. Because everything from fins to traction pads has to be imported, Hawaii is not the land of the bro deal. Oddly, we did find that the cost of a blank at Fiberglass Hawaii is almost identical to that of Foam EZ in Huntington Beach…

“Basically, what Hawaii has become is a preferred place for the international one percent to buy property,” Lawrence Boyd, an economist and associate specialist with the University of Hawaii Center for Labor Education Research, told Hawaii News Now.

Look no further than Kauai to see what an income gap looks like. There are currently three properties on the north shore of the island listed for over $26 million. Five of the top ten most expensive properties in Hawaii are on the island. Facebook founder, Mark Zuckerberg, keeps a family “ranch” there. Ben Stiller, Pierce (Bond #5) Brosnan and Bette Midler are also Pine Trees regulars.

The surfers that grew up in the area lament the changes. A lot of them have moved away simply because it’s too expensive to live there anymore. Reef McIntosh, Danny Fuller and Bruce Irons have all been basing themselves out of Southern California because it’s more affordable (if only slightly) and L.A. is a hell of a lot easier to travel out of than Honolulu.

“We didn’t have anything growing up,” told Bruce in a recent interview with Stab. “My brother, me, all our friends, we’d be down at the beach all day because there wasn’t really anything to do at any of our houses. We lived in full beach shacks. Not even cottages, shacks. It’s definitely different now.”

Those who stayed have seen their world go from sleepy and idyllic to crowded and aggro. 

“When I was six to ten years old we lived in a green shack on the beach,” attests Seabass. “It’s becoming really expensive with a lot of movie stars and millionaires moving in and buying up everything. A lot of my friends have to work two jobs just to get by.”

“You can’t get a place on the beach anymore. You just can’t,” confirms Leila Hurst.

Forget buying a house around Hanalei Bay, it’s hard enough to score a roll of quilted double-ply.

Comments

Comments are a Stab Premium feature. Gotta join to talk shop.

Already a member? Sign In

Want to join? Sign Up

Advertisement

Most Recent

Can Medina Overcome His CT Drought In Tahiti?

Tahurai Henry offers his picks for the SHISEIDO Tahiti Pro

May 21, 2024

The 35 Best Song Pairings In Surf Films, As Ranked By Dane Reynolds, Taylor Steele & You

From Noa Deane and Courtney Love, to Andy Irons and Coldplay, to Creed McTaggart and…

May 20, 2024

Is This The Most Cost Efficient Way To Noticeably Improve Your Surfing In A Single Month?

All you can eat for $1500 AUD at URBNSURF Melbourne.

May 20, 2024

Watch And Learn: How To Score A Solo Sesh At 8-Foot Teahupo’o With Leonardo Fioravanti

Skip lunch and gorge.

May 19, 2024

Full Frame: The Story Behind The Photo You’ve Seen 1,000 Times

A viral ménage à trois in Bali.

May 18, 2024

Meet The Man Who Runs Kelly Slater’s Burgeoning Surf Empire

The Stab Interview with Dylan Slater. 

May 18, 2024

How Surfers Get Paid: Season 2, Episode 4

80+ interviews later, it's time to "send out the chicks".

May 17, 2024

How To Get To Stab High Japan

BYO ligaments. 

May 16, 2024

CT Earlybirds, Tahitian Warlords, And Aspirational Teenagers Divide Spoils From “11 out of 10” Teahupo’o Blob

Eimeo Czermak, Balaram Stack, Liam O'Brien, Cannon Carr, and Ryan Miller divulge tales from the…

May 16, 2024

The Lefts Off The Rights

Detailing the goofy-footed proclivity to go against the grain.

May 15, 2024

Watch: ‘Shotgun’ featuring Josie Prendergast & Taj Richmond

The allure of contradiction, displayed in the virtue of Northern Rivers sand.

May 15, 2024

How Accurate Were Our Pre-Cut Predictions?

Reflecting on the rookie-centric forecasts offered by CJ Hobgood, Stace Galbraith, Brett Simpson, and Mikey…

May 14, 2024

Local Wildcard Jordy Lawler Dusts 79 Transplants, Issy Nichols Denies Prodigy Erin Brooks Another Plush Toy

The Stab High winner is one semi-final away from tour qualification after only two events.

May 14, 2024

Which 2024 Stab High Competitor Has Given Us The Best Surf Part?  

Noa Deane, Chippa Wilson, Julian Wilson, Ian Crane and more duel for the most impactful…

May 13, 2024

There Are Still Perfect, Empty Waves Left In The World

Soli Bailey, Timo Simmers + Layne Stratton on the sand-bottomed unicorn seen in ‘Maps to…

May 13, 2024

What Happened To Bali?

And is an ethical future for surf development possible in Indonesia?

May 12, 2024

Premium Peek: Mason Ho + Sheldon Paishon Vs A Scottish Widow Maker

Less like a wave, more like a German Panzer tank (180 tons, FYI).

May 12, 2024

Tactical Burn, Shove + Leash Pull Ends In Tears, Disqualification + Fines At ISA World Juniors 

The young Portuguese surfer has since apologized for her 'grevious unsportsmanlike conduct'. 

May 11, 2024
Advertisement