I’m looking at you crazy bruh. Especially in Education field where black women can't sniff an opportunity without a masters. 30k is getting you something that never goes away and doesn't depreciate.
So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
I’m looking at you crazy bruh. Especially in Education field where black women can't sniff an opportunity without a masters. 30k is getting you something that never goes away and doesn't depreciate.
The desirable houses in my city are still in the 400ks. Not too much has changed with that. It’s the less desirable homes catching the price drops.
Wifey and I just increased our buying power by nearly $800 by paying off debt. However, students loans kick in at the start of next year. Shit is going to get more interesting when it comes to affordability, not just for me, but for many people that still owes.
Wifey and I just increased our buying power by nearly $800 by paying off debt. However, students loans kick in at the start of next year. Shit is going to get more interesting when it comes to affordability, not just for me, but for many people that still owes.
Damn. She fine though
Affordability crisis: Why young Canadians are facing a 'huge' wealth gap
Young people's salaries in Canada aren’t keeping up with the cost of living, even when employed full-time; and the ability to afford city rents and home ownership is becoming a 'pipe dream' for many, according to a CTVNews.ca analysis.
that makes sense
Our other real estate problem – people have too much wealth tied up in houses
Real estate’s share of assets ranges from lows of 68 per cent for seniors and 71 per cent for boomers to a high of 89 per cent for the young adults of Gen Z
theglobeandmail.com
Closet 'den' available for rent in expensive Vancouver apartment
All this could be yours for just $800 a month
www.vancouverisawesome.com
A 95-Square-Foot Tokyo Apartment: ‘I Wouldn’t Live Anywhere Else’ (Published 2022)
Meet the young Japanese who have decided to live in a shoe box.
Sorry but this bitch is an idiot. A proper home inspection would catch that shit. She’s lying for the gram
Other people’s money, everyone’s problem: How real estate influencers are fuelling the housing crisis
Social media is flooded with real estate promotions, and no one is sure what laws apply. But when things go wrong, investors and tenants have a lot to lose
www.theglobeandmail.com
Prices in my area would have to drop by 40% to put me at the same price I’m at now, in an older and less desirable neighborhood, compared to what I bought at a 3% rate last fall.
Yea fam, its crazy how much homes have skyrocketed recently
In most states prices jumped up 30%-50%, since Covid started
So even if the housing market crashes next year & comes back down to those levels again
People still have to deal with 7%-9% interest rates
Exactly , How can rent be lower than interest payments? I swear people be saying shit to be dramatic. That don’t even make no damn sense
Yep.Yea fam, its crazy how much homes have skyrocketed recently
In most states prices jumped up 30%-50%, since Covid started
So even if the housing market crashes next year & comes back down to those levels again
People still have to deal with 7%-9% interest rates
I should have clarified, I meant to say “same mortgage payment”.
Yeah. They are fucked and have two options: unload all that shit they bought up or become the nation’s largest single family rental company
They are stuck between a rock and a hard place. High-interest rates cause house prices to fall, jeopardizing all recently purchased overinflated houses losing equity as homes are being sold cheaper now. And when it comes to renting, people are getting roommates more often now to ease the rental cost, so Zillow will be stuck with properties they can't rent out. So what does Zillow do? Put out a market report saying that house prices will rise by a percentage, so their bum asses don't take as significant a loss as they are projecting to take.
Watching this episode of CBC Marketplace at the moment ...