Bank Statement Programs; Upcoming Events; A Look at the Economy

Posted To: Pipeline Press

“Buy land – they’re not making any more of it.” Don’t tell that to Hawai’i. While California continues to burn, 2,400 miles to the southwest Hawai’i has a different heat. In less than three months the state’s volcanic activity has created more land than in the last 35 years. Since 1983, the volcano Kilauea’s vent Puu Oo has added 443 acres of land by dumping lava into the sea. In the three months the fissures in Leilani Estates added at least 760 acres of new land : an estimated 50 to 150 cubic meters of lava flow per second compared to the sustained 3 to 4 cubic meters of lava flow from the 35-year-old vent. Of course, most lenders don’t lend in a lava region. But this is much more interesting than dumping garbage off the coast until...(read more)

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from Mortgage News Daily https://ift.tt/2vbZZP8