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Murashige, Laura -f r i J
From: Harry M. Pritikin [trustharry@aloha.net] 2009 MR19 16 Rol 11 15
Sent: Sunday, March 15, 2009 7:18 PM
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To: dikeda@co.hawaii.hi.us;donishi@co.hawaii.hi.us era6oleco:hawair.,h'.us;
jyoshimoto@co.hawaii.hi; counciltestimony@co.FLdNd ii'. s; iiyagWo.hawaii.hi.us;
genriques@co.hawaii.hims, kgreenwell@co.hawaii.hims; phoffmann@co.hawaii.hi.us,
cohrnayor@co.hawafi.hi.us
Subject: ECONOMIC CYCLES MUST READ
Aloha Council Members and Mayor,
Anybody over 40 knows that the economy goes up and down over a ten to 15 year period; up
at the beginning of the decade, down in the middle of the decade. For the first time in 50
years the economy kept on going up after 9/11/01 fueled by the rise in real estate values.
Since the end of 2005 it's been going down. If we are back on a 10 year cycle it will go down
for 5 years, level off for few years then start going up again.
But it will go up again. The economy will always go back up after it's been down. But the
pristine Big Island Lands sold to private parties will be lost to the people of the Big Island
forever.
Right now the economy is down. It's time to tighten the belt, that's for sure, but there is no
need to panic, it will go up again. Don't rob future generations of the use of pristine Hawaiian
lands.
Don't panic and rob the 2% Land Fund. You can always get money somewhere, but you will
never be able to buy back land once it's developed. When the economy goes back up, and it
will go back up, you will be sorry for what you lost. Or at least the people of Hawaii will be
sorry for what you lost for them.
Mahalo, Harry
Harry M. Pritikin R(S) Big Island Specialist
Big Island Real Estate UPdates
Agent at Koa Realty, 75-5689 Alii Drive
Kailua-Kona, Hawaii, 96740
Website: www.konarealestateagent.com
FAX: 808-334-1577
24 HOUR CELL: 808-989-3491
EMAIL: trustharry_@aloha.net
Comm No./ l 3•
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