Maui has been experiencing some interesting and very rare weather the past few days.  When we asked for rain to assist us with our low water table we didn’t expect this response.  These photos were taken to show you a few South Kihei surprises.  You will notice the waves are full of red dirt and sand.  The lifeguard station was falling into the ocean on Kamaole Beach Two.  Electricity has been out a lot, as has cell service.  Although frustrating, the beauty of it all is that we rarely experience a storm like this and we all still share our aloha love of the Island.   

Honua’ula (Wailea 670) is close to being approved.  It will be 670 acres with 1,400 homes and condos while sensitive areas are to be preserved and protected.  Part of the 35 or more possible approval conditions are that they provide their own water, prohibit vacation rentals, donate huge money for parks and schools and build 700 affordable houses (some on site).   For future subdivisions the Council’s attitude seems to be “Develop your own water sources” and “No water, no development”.   While this will help insure Maui will not over develop it may also prevent enough affordable housing from being built.  It may also tend to keep housing prices high as supply will be finite. 

 On December 1, 2007 whether you are for or against the the Superferry, the  Hawaii Superferry’s grand catamaran, Alakai, begins daily crossings between Maui and O‘ahu.  We would like to just suggest that we show true Hawaiian Aloha spirit amongst each other as we enter into another moment in history. 

QUOTED FROM THE CANADIAN PRESS

THE CANADIAN PRESS

TORONTO – The soaring Canadian dollar closed above US$1.05 on Wednesday for the first time in decades and appears headed for uncharted waters as a combination of factors pushes it further and further ahead of the American currency.

The Canadian dollar ended the official trading day in Toronto at 105.85 cents US. That’s the highest closing price for the loonie since Aug. 21,

1957 and just short of a modern-era high of 106.14 cents US.

The remarkable strength of Canada’s currency over the past few months can be traced to a number of factors, including the country’s strong domestic economy and demand for Canadian-produced resources such as crude oil and metals.

The American dollar fell to a new low against the euro in North American trading on Wednesday after the Federal Reserve lowered a key interest rate by a quarter point to 4.5 per cent.

This bodes well for Canadian’s purchasing resort properties and Maui being one of their favorite US destinations.

Aloha from Paradise!

Great news about the interest rate being lowered by a quarter point.  Our market appears to have already turned a corner with everyone coming over to get the values that are available right now.  The interest rate drop should even heat our market up more.

Enjoy Halloween!