So when’s the housing bubble bursting?

[Helico-pterFunk]

Map Shows the Path of Deadly California Wildfires as the Cost of Homes Lost Is Revealed

Thousands of homes have been destroyed in elite enclaves like Malibu and Pacific Palisades, where median listing prices range from $760,000 to more than $6 million.

www.realtor.com

 

[Helico-pterFunk]

Anyone paid off mortgage and regret it?

Nah - it worked out pretty good. Worked like crazy for a number of years in my 20s in the 2000s to save up for a huge downpayment. Wasn't getting paid alot, but maintained keeping bills / living expenses modest. At one point had a high-interest savings account (set aside for the eventual real estate buy) that was covering the bulk of my bills.

Bought a 2 year-old place.

Paid it off shortly thereafter.

Been able to save for a number of years now, and feeling better about eventual early retirement (probably around 2038 - 2040). Compared to say 2045.

The assessed value of the property is currently almost 2.5 times the purchase price in spring 2009.

Thought about buying a rental property earlier in the 2010s locally ... but was always hesitant with how expensive everything is, and didn't want that headache of dealing with renters for decades to come paying off an overpriced, undersized place.

I'd rather just have the passive income from investments.

 

[DC_Dude]

Nah - it worked out pretty good. Worked like crazy for a number of years in my 20s in the 2000s to save up for a huge downpayment. Wasn't getting paid alot, but maintained keeping bills / living expenses modest. At one point had a high-interest savings account (set aside for the eventual real estate buy) that was covering the bulk of my bills.

Bought a 2 year-old place.

Paid it off shortly thereafter.

Been able to save for a number of years now, and feeling better about eventual early retirement (probably around 2038 - 2040). Compared to say 2045.

The assessed value of the property is currently almost 2.5 times the purchase price in spring 2009.

Thought about buying a rental property earlier in the 2010s locally ... but was always hesitant with how expensive everything is, and didn't want that headache of dealing with renters for decades to come paying off an overpriced, undersized place.

I'd rather just have the passive income from investments.

THIS.....

I am one and done with being a landlord....Cool for some, but not for me....

DC has unique laws and is very tenant friendly (ex. the city can put a lien on your house if the water bill goes pass due for $600)

Putting the responsibilty of a tenant to reimburse you back for a bill was a bitch....

 

[Helico-pterFunk]

THIS.....

I am one and done with being a landlord....Cool for some, but not for me....

DC has unique laws and is very tenant friendly (ex. the city can put a lien on your house if the water bill goes pass due for $600)

Putting the responsibilty of a tenant to reimburse you back for a bill was a bitch....

It definitely takes a huge amount of patience dealing with some types of renters.

My aunt told me some horror stories about renting out the home she grew up in, that she went on to co-own with now-late grandma. I.E. - "The house got broken into ... you think the renters would have the courtesy to call me and tell me? Why am I finding out a month later?"

 

[Helico-pterFunk]

 

[praetor]

 

[havelcok]

 

[Helico-pterFunk]

https://bc.ctvnews.ca/metro-vancouver-s-housing-market-worsens-now-pricing-out-even-high-earners-report-1.7174669

 

[havelcok]

https://bc.ctvnews.ca/metro-vancouver-s-housing-market-worsens-now-pricing-out-even-high-earners-report-1.7174669

Vancity says the average down payment for a single detached house in the heart of Vancouver was $840,000 in 2024. In the suburbs it was $497,800, and in the Fraser Valley, it was $291,400.

 

[Helico-pterFunk]

Vancity says the average down payment for a single detached house in the heart of Vancouver was $840,000 in 2024. In the suburbs it was $497,800, and in the Fraser Valley, it was $291,400.

Crazy numbers, huh?

High income taxes, gas prices, etc. Everything's $$$.

 

[Helico-pterFunk]

B.C. Realtor ‘intentionally undermined’ his client’s offer, then purchased property himself, court finds

A B.C. Realtor has been ordered to “disgorge” his portion of a more than $1.2-million profit he received from the sale of a home that he purchased himself after one of his clients made two failed offers on it.

www.ctvnews.ca

 

[Helico-pterFunk]

Mother's 'dream home' turns into horrific nightmare

Emoral Farmer and her two daughters have been forced to live in a hotel for two years due to the inhabitable conditions in the Fayetteville property.

www.dailymail.co.uk

 

[Helico-pterFunk]

How luxury real estate benefits from Montana’s agricultural tax code - High Country News

Key takeaways from our investigation revealing how expensive properties use a system meant to help farmers and ranchers.

www.hcn.org

 

[praetor]

 

[praetor]

 

[kdogg3270]

i'm holding onto my 2.875% rate. fuck that shit

 

[MemphisNigga]

i'm holding onto my 2.875% rate. fuck that shit

I'm at 2.7% and ain't going no where.

 

[blackbull1970]

Homebuyer Demand Plunge to Lowest Level in 30 Years

Mortgage rates may be a significant factor this year to determine whether the housing market will become more affordable for Americans, something President-elect Donald Trump is expected to strive for—though Reventure's data suggests that many remain cautious as they wait for rates to drop further.

By Giulia Carbonaro
January 14, 2025

Homebuyer demand plunge to lowest level in 30 years

Demand for mortgage applications has plummeted since its pandemic peak, and not even new Fed cuts are reassuring homebuyers.

www.newsweek.com

 

[Politic Negro]

 

[DC_Dude]

Damn 8K - 10K???

That's whole different tax bracket though...

 

[blackbull1970]

Damn 8K - 10K???

That's whole different tax bracket though...

8k to 10k Mortgage mortgage payment for a house?

I would take that monthly payment and put it down on one of these….

When the fires, tornadoes and hurricanes come.

I’m heading out “Eastbound and Down”!!!

 

[DC_Dude]

8k to 10k Mortgage mortgage payment for a house?

I would take that monthly payment and put it down on one of these….

When the fires, tornadoes and hurricanes come.

I’m heading out “Eastbound and Down”!!!

For real.

Goes to article and the loan officer is based out of DC.
A place with a concentration of a lot of high earners.