In an interview today on CNBC legendary investor Warren Buffet stated the following:

we haven't had two consecutive quarters of GDP growth, but I will tell you that, on balance, most people's situation, certainly their net worth has been heading south now for a considerable period of time. And if you owned a house, and you had an 80 percent mortgage on it, and so you had 20 percent equity a year ago, you might not have any equity now. And millions of people are in positions somewhat similar to that, and people would–people that own municipal bonds feel poorer today than they did a few months ago…So business is slowing down. We have–we have retail stores in candy and home furnishings and jewelry; across the board I'm seeing a significant slowdown and, of course… but when I say we're in a recession, it doesn't meet the technical definition. We aren't in the second quarter of–we can't be because we don't know what the fourth quarter of last year was. But I think that, from a commonsense standpoint, we're in a recession now.

Mr. Buffet is not infallible, BUT, his views are rightly weighed heavily by investors around the world. What will be the impact of this on Maui real estate? Directly none. But the general sense of economic malaise will make buyers more cautious.