5 get new homes, just in time for Christmas
‘ELE‘ELE — The Friday-morning misting rains provided a perfect backdrop for the five affordable homes that were turned over to their owners at the ‘Ele‘ele Iluna neighborhood during a key-passing observance by Kaua‘i Habitat for Humanity.
Start Free AccountGet access to 10 premium stories every month for FREE!
Already a Subscriber?Current print subscriber? Activate your complimentary Digital account.
Subscribe NowChoose a package that suits your preferences.
Are there any jobs in the area to own a home in Eleele’e? How much did this go for? Affordable housing. Let’s see now, $275,000 dollars is the home. So that would mean $2500 a month in mortgage. And that would be for 30 years. Let’s start off, what kind of job does that guy sitting on his newly walk up steps have? And where does he work? And he’ll have to make payments in this economy even if he gets laid off. And has no income afterwards.
Mai Tai Cameron, before you rain on their parade why don’t you offer up a solution or your charity for your community? Without goals and responsibilities it’s real easy to sit and wait for the handout in the mailbox.
Patrick H Flores, Nampa, Idaho
Congratulations to the new homeowners! Best of luck to all of you.
Go on line and use a mortgage calculator. The payment for a $275,000 loan would be about $1,250. There are loans for first time buyers with 3% down. I just witnessed two young families each afford and purchase a house. One of them is paying less than they were renting. (Or you can buy a big new truck, lifted with big tires.)
Yes, mahalo for doing that math. I was thinking $2500 a month was high, too as that is about what we’re paying inclusive of property taxes on a formerly $400K mortgage in a very high property tax state.