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So when’s the housing bubble bursting?

D

durham

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Varis said:
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I agree with this video, but it's not really a function of what year you bought your home. It should be a customary practice for any purchase. A 10 year warranty on a new build is absolutely mandatory and worth the negotiated cost.

If you are the second or third owner, etc., check the age of construction and make sure that the original warranty transfers or negotiate a warranty with the seller.

Most sellers won't carry more than a year depending on the value of the home.
 
Helico-pterFunk

Helico-pterFunk

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BGOL Legend
bc.ctvnews.ca

Widow of Chinese businessman who was executed for murder can sell her Vancouver house, court rules

A murder in China and a civil lawsuit in B.C. have been preventing the sale of multiple Vancouver homes, but one of them could soon hit the market after a court ruling.
bc.ctvnews.ca bc.ctvnews.ca







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A murder in China and a civil lawsuit in B.C. have been preventing the sale of multiple Vancouver homes, but one of them could soon hit the market after a court ruling.

The home in question – a six-bedroom, six-bathroom house on West 33rd Avenue with more than 4,000 square feet of living space across two storeys and a finished basement – is valued at just under $5 million by BC Assessment(opens in a new tab).

In a decision issued Thursday(opens in a new tab) and published online Friday, B.C. Supreme Court Justice Nigel P. Kent ruled that a certificate of pending litigation (CPL) registered against the property's title could be discharged to allow its owner to sell, as long as the CPL is re-registered against any new property she buys with the proceeds.

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The owner of the property is Li Juan Chen, also known as Lijuan Chen. According to Kent's decision, she purchased the home with her husband Ke Qing Ni in December 2010, and moved in the following spring.

Ni was executed in China in 2020 after being convicted in the 2017 killing of Changbin Yang, the B.C. court decision indicates.

The underlying lawsuit that led to the CPL on the property was brought by Yang's family against Ni, Chen and their daughter Long Ni. The litigation began while the elder Ni was still alive, according to Kent's decision.

The B.C. decision does not provide details about Yang's death, saying only that the 54-year-old businessman was "brutally murdered in China" on Ni's orders.

At the time of the murder, Ni owed Yang more than $100 million for loans Yang had provided to him over the years, according to Kent's decision.

The lawsuit brought by Yang's successors seeks to force Ni's widow and daughter to repay his debts, and the latest version claims that their acquisition of three Vancouver properties – including the home on West 33rd Avenue – should be deemed "fraudulent conveyances."
 
blackbull1970

blackbull1970

The Black Bastard
Platinum Member
California Sees Surge in People Moving to the State

California was the second most popular state for Americans to move to in 2024, according to a newly released report from the National Association of Realtors. The report found California moves made up 9.4 percent of interstate moves nationally.

By Suzanne Blake
Nov 25, 2024

www.newsweek.com

California sees surge in people moving to the state

California was the second most popular state for Americans to move to in 2024, according to a newly released report from the National Association of Realtors.
www.newsweek.com www.newsweek.com
 
Helico-pterFunk

Helico-pterFunk

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BGOL Legend
www.dailymail.co.uk

Condo owners outraged after being slapped with $21 MILLION fee

Condo residents in Florida are in uproar after being served a huge $21 million special assessment bill for repairs - just 16 years after construction.
www.dailymail.co.uk www.dailymail.co.uk


www.cbsnews.com

$21 million special assessment sparks controversy among Brickell condo owners

Residents at one Brickell condo are grappling with a contentious $21 million special assessment for repairs to their buildings.
www.cbsnews.com www.cbsnews.com









Condo residents in Florida are in uproar after being served a huge $21 million special assessment bill for repairs - just 16 years after construction.

Some residents of the two condo buildings in Brickell, Miami, face individual payments of more than $40,000, leaving them feeling blindsided and financially overwhelmed.

Some are even considering selling up as a result.

The condo board insists the repairs are urgent and required under law, and work is already underway on projects such as a roof replacement and a pool deck restoration.

But residents are questioning why, after construction finished less than two decades ago, this young building is in need of such dire repairs so quickly and with such a hefty bill attached.

'I think it's excessive,' resident Nima Mahdjour told CBS News. 'I feel like I'm being milked.'

Mahdjour, whose condo comes with views of downtown Miami and the ongoing construction, told the outlet the decision feels rushed and lacking transparency.

'Absolutely left in the dark,' Mahdjour added. 'It was rammed through.'

It comes as condo owners in Florida are facing a perfect storm of rising homeowner's association (HOA) fees, natural disasters, increasing insurance costs and new regulations - which is forcing many to try and flee.
 
Helico-pterFunk

Helico-pterFunk

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Helico-pterFunk said:


ca.movies.yahoo.com

‘Zillow Gone Wild’ Snaps Up HGTV Order

HGTV is using real-estate app Zillow to explore weird and wonderful homes in its latest greenlight. The Warner Bros. Discovery-backed network has ordered property series Zillow Gone Wild, inspired by the popular Instagram account. The series, which features eight, half-hour episodes and a...
ca.movies.yahoo.com ca.movies.yahoo.com
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getpocket.com

The Wild Rise of Zillow Gone Wild

Samir Mezrahi blasted the first outrageous house of Zillow Gone Wild out to the internet four years ago. Now he has 4 million followers and an HGTV show.
getpocket.com getpocket.com
 
blackbull1970

blackbull1970

The Black Bastard
Platinum Member
How A Rare Type Of Mortgage Is Landing Homebuyers A 3% Mortgage Rate
November 2024

Popular in the 1970s and 80s assumable mortgages have largely fallen out of the public consciousness. But as U.S. mortgage rates plateau above 6%, interest in this rare type of mortgage has seen a steady climb over the past three years. Now, U.S. homebuyers are looking into mortgage assumption as a way to secure a sub-3% mortgage rate.

Watch the video to learn more about assumable mortgages, how they work, and why they can come with their own set of hurdles.

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Helico-pterFunk

Helico-pterFunk

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blackbull1970

blackbull1970

The Black Bastard
Platinum Member
How Shopping Malls Are Being Transformed Into Apartments
December 2024

While many U.S. malls face anchor store closures and empty parking lots, some are finding new life by becoming housing. Real estate developers are building housing inside of or next to shopping malls as department stores like Macy’s, JCPenney and Sears shrink or cease to exist. At least 192 U.S. malls planned to add housing to their footprint as of January 2022.

Dozens of apartment projects at malls are underway in California, Colorado, Florida, Arizona and Texas. The trend not only helps to chip away the housing shortage in the U.S., but also brings people closer to the remaining retail and restaurant spaces in shopping centers.

CNBC visited a Macerich housing project at Flatiron Crossing Mall in Broomfield, Colorado as well as the Arcade Mall in Providence, Rhode Island to find out what it is like to live inside a mall.

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