Why Not Buy Land in Hawaii and Become a Kona Coffee Farmer
In the recent past, starting a new business reliant on the purchase of real estate property has not been a viable business option because of the high costs of real estate. For instance, buying land to start your own Kona coffee farm wasn't a profitable business proposition because Big Island real estate was just too expensive.
But thanks to a healthy decline in property prices in the Islands, starting your own Kona coffee farm just might be a reality. 3 to 5 acre parcels of land in Kona can now be purchased under $500,000. This amount of land can produce about 10,000 pounds of pure Kona coffee. At close to $50/pound, you can almost pay off your purchase in one year - assuming you know what you're doing.
It's interesting to see how the real estate market effects other aspects of our lives, other then just buying a home to live in. The decline in the market has opened several business opportunities that otherwise would not be availble to entrepenuers.