Posted on 02/28/2024 12:23:49 PM PST by BenLurkin
Waimea is primarily an agricultural town with just three stoplights and around 10,000 residents. It has lush forests filled with guava trees and torch ginger, and it's known for being the birthplace of the Hawaiian cowboy, or paniolo. It sits thousands of feet above sea level, where misty winds often blow sideways and, on clear days, give way to expansive views of the island's three towering volcanoes.
Over the last couple of years, a mystery has been brewing in this small mountain town. Someone has been quietly buying hundreds of acres of land...
He's the CEO and co-founder of San Francisco-based Salesforce, one of the world's largest software companies, which owns the popular messaging service Slack and is worth nearly $300 billion. He also owns Time magazine. Benioff is hard to miss — the 59-year-old stands at a towering 6 feet, 5 inches and is often seen driving around Waimea in his white Hummer pickup, sporting his signature look of a baseball cap with his curly brown hair tumbling out back.
Benioff lives in a beachside mansion down the mountain from Waimea. He built the $24.5 million, 9,800-square-foot home about 20 years ago and also bought dozens of acres of ranch land in Waimea around that time, according to public records.
Jeff Bezos owns a sprawling beach mansion in Maui. Facebook co-founder Mark Zuckerberg has plans to build a bunker on his land in Kauai, according to Wired. Benioff's former boss, Oracle co-founder Larry Ellison, owns 98% of Lanai.
(Excerpt) Read more at npr.org ...
No one know why? How about it’s prime real estate and he’s a billionaire.
Hawaii is a state and has to follow US law. Real Estate is highly regulated. You cannot discriminate in buying and selling based on race.
He is on the Big Island of Hawaii.
It is about 100 miles across.
Has two peaks that go over 13,000 feet in elevation.
Waimea is mostly cattle and horse ranch country.
It sets about 3-4000 feet above sea level on the north side of the island.
This location gets plenty of rain making it ideal range land.
There is so much beef raised on the island of Hawaii that a steak is cheaper there than most other places on the mainland.
Lastly, the eastern side of Hawaii gets over 150 inches of rain every year.
It is one of the wettest places in the USA.
Making it an ideal place to grow almost anything.
So, if the SHTF it would be a perfect place to be, IMHO.
Yes, when looking for real estate in Hawaii, you always have to ask if it is being sold “fee simple” (means including the land the building is sitting on), or “leasehold” (means structure only-the land it is sitting on is leased).
I wonder how many folks dropping their comments actually took the time to read the article?
No, back in the late 1960s we looked at a property in Pearl City, HI that was fee simple (included the lot the house was sitting on).
We were Haoles fresh off the mainland and we could have bought it but it would have been a financial struggle for years.
The excerpt coves the salient points.
The excerpt covers the salient points.
Pretty much my guess as well
Bookmark
I know why...
Who wants to live on a dinky island?
Hawaii is just the sort of island and demographics to actually take away the vast holdings from these billionaires should things get really tough.
Who owned the land before he bought it?
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Question: Does the LDS religious organization OWN the land it possess in Hawaii? Answer from Copilot: Using the web Yes, The Church of Jesus Christ of Latter-day Saints (LDS) owns land in Hawaii. In 1865, the church purchased a sugar plantation in Laie, Oahu. The histories of the Laie plantation and the Hawaiian Mission are intertwined, as some mission presidents served simultaneously as plantation managers. In 1919, the plantation closed, and the Laie Temple was dedicated on the same land1. Additionally, the church-affiliated property manager, Hawaii Reserves, also owns the Laie Courtyard by Marriott near the faith’s Polynesian Cultural Center2. |
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