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In real property law, avulsion refers to a sudden loss of land, which results from the action of water. It differs from accretion , which describes a gradual addition to land resulting from the action of water.
Hawaii condos ranked highest in the nation for average land cost per half-acre and construction costs. California topped the country in terms of per-unit regulatory costs, and New York came in second.
Hawaii Housing Authority v. Midkiff, 467 U.S. 229 (1984), was a case in which the United States Supreme Court held that a state could use eminent domain to take land that was overwhelmingly concentrated in the hands of private landowners and redistribute it to the wider population of private residents.
An exaction is a concept in US real property law where a condition for development is imposed on a parcel of land that requires the developer to mitigate anticipated negative impacts of the development. [1] The rationale for imposing the exaction is to offset the costs, defined broadly in economic terms, of the development to the municipality. [2]
A Honolulu City Council resolution wants state lawmakers to address what it deems are “drastic ” increases in property insurance premiums paid by homeowners across Oahu, particularly for those ...
Construction costs in particular are likely even higher in Hawaii when compared to the mainland — about 44% more, according to an estimate from Verisk, a global insurance data analytics provider.
The fundamental premise of the cost approach is that a potential user of real estate will not, or should not, pay more for a property than it would cost to build an equivalent. The cost of construction minus depreciation, plus land, therefore is a limit, or at least a metric, of market value.
Dec. 18—Hawaii Land Trust—in partnership with Na Kalai Wa 'a ; federal, state and county agencies ; and the Kohala community—has completed its largest purchase, permanently protecting 642 ...