Allot were waving inspections in bidding wars. Stupid yes, but scarcity and panic was driving allot of terrible decisions.
So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Allot were waving inspections in bidding wars. Stupid yes, but scarcity and panic was driving allot of terrible decisions.
That's crazy, but the people that can afford it, it doesn't even matter to be honestly...
Parts of America is already like this. Maybe not on this scale..but we may get there soon
1) move to Los Angeles, the Bay Area area, or any other area with high wages and a high cost of living.
2) apply for an office job that can be done from home. Preferably with a national company
3) live with roommates, take the bus, and anything else you can to save money
4) request a transfer to a part of the country where the houses are well under $500,000. Don't worry, there's plenty to choose from.
5) now you have your down payment, a solid work history. All that's left is to pick out your drapes.
I am surprise my hometown of Columbia, SC wasn't on this list. This is what you can get for 400K.
Wow! A house like this in San Francisco would cost at least 10 times as much
how are the schools and The cacs down there?
I think North Carolina has the rep for being better for black people
Very nice .
Columbia is a black city. 1 hour from Charlotte and 2.5 hours from Atlanta. Very progressive city...
One of the main reasons why Jim Clyburn has been in office for so long is because his district consists of Columbia (mostly black and educated whites)...
I grew up in Columbia and went to college in NC. No real difference to be honest. Charlotte of course is a major city and alot of blacks live in the area...
2 HBCU's ( Allen University and Benedict)
Columbia College (use to be an all female college)
University of South Carolina
So major schools in the area...Cacs in Columbia are cool. It's outside of the city where I wouldn't want to live, but that's changing as well...
Schools for kids are decent, depending on what side of town you live on....https://www.niche.com/k12/search/best-schools/t/columbia-richland-sc/
@850credit
Last edited:
I'm shocked at the property taxes.
Seems high for SC. I assumed it would be a bit lower there.
Vancouver real estate: 25-storey rental tower with no vehicle parking proposed
One of the first development projects to be considered under Vancouver's recently approved Broadway Plan will be a 25-storey tower proposed for the intersection of Main Street and East 5th Avenue in Mount Pleasant.
Some information that one of the local realtors mailed out recently regarding the current market here.
"Real Estate Greater Vancouver Update"
Buyer Uncertainty Slows Down Resales
The Real Estate Board of Greater Vancouver reports that residential home sales in the region totalled 1,870 in Aug. 2022, a 40.7% decrease from the 3,152 sales recorded in Aug. 2021, and a 0.9% decrease from the 1,887 homes sold in July 2022.
August's sales were 29.2% below the 10-year August sales average.
With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages. This shift in market conditions caused prices to edge down over the past four months.
The MLS Home Price index composite benchmark price for all residential properties in Metro Vancouver is currently $1,180,500. This represents a 7.4% increase over Aug. 2021 and a 2.2% decrease compared to July 2022.
The total number of homes currently listed for sale on the MLS system in Metro Vancouver is 9,662, a 7.3% increase compared to Aug. 2021 (9,005) and a 6.1% decrease compared to July 2022 (10,288).
Source - Real Estate Board of Greater Vancouver
"Real Estate Greater Vancouver Update"
Buyer Uncertainty Slows Down Resales
The Real Estate Board of Greater Vancouver reports that residential home sales in the region totalled 1,870 in Aug. 2022, a 40.7% decrease from the 3,152 sales recorded in Aug. 2021, and a 0.9% decrease from the 1,887 homes sold in July 2022.
August's sales were 29.2% below the 10-year August sales average.
With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages. This shift in market conditions caused prices to edge down over the past four months.
The MLS Home Price index composite benchmark price for all residential properties in Metro Vancouver is currently $1,180,500. This represents a 7.4% increase over Aug. 2021 and a 2.2% decrease compared to July 2022.
The total number of homes currently listed for sale on the MLS system in Metro Vancouver is 9,662, a 7.3% increase compared to Aug. 2021 (9,005) and a 6.1% decrease compared to July 2022 (10,288).
Source - Real Estate Board of Greater Vancouver
I think the equity on recently purchased homes will start getting hit soon. A house in a desired area is down to $375k. Back in March it was up $425k. I’m seeing this more often. These interest rates are killing the game right now.
The Rent Revolution Is Coming (Published 2022)
For the 44 million households who rent a home or apartment in the U.S., inflation keeps pushing costs higher and higher. Anger is rising too. It could be a breaking point.
If Canada’s biggest housing markets are bubbles, why aren’t they popping?
Last week, a Swiss bank’s annual ranking put Toronto No. 1 and Vancouver No. 6 on its list of the world’s top housing bubbles. And although both cities have seen home prices decline this year, it’s nowhere near close to matching their recent gains. So … is this really a bubble, or will we not...
thebigstorypodcast.ca
Couple claim STRANGERS have moved into the house they just bought
A Maryland couple signed a contract with a subsidiary of US Bank to purchase the five-bedroom home at 10716 Dragoo Place in Clinton, Maryland only to find people moving into the home.
Maryland couple says strangers have moved into the home they just bought and refuse to leave
WUSA9 saw at least two men at the home on Dragoo Place Friday - where signs are posted telling people to stay away.
www.wusa9.com
Maryland couple says strangers have moved into the home they just bought and refuse to leave
A couple in Prince George's County, Md., is supposed to be moving into their newly purchased home, but instead are trying to figure out why there are people already living inside it.
Locals Disgusted by Mogul’s Plan to Demolish $110M Mansion
Cosmetics heir William Lauder is reportedly the man behind an epic Palm Beach teardown.
She didn't get a fucking inspection? That's on her.
Thats how it is my neighborhood. The same size house as mine were selling for over a 100k more than what I paid 3 years ago. I wanted to sell like I told my homeboy where was I gone go?
"This has been hell": Scotiabank mortgage mistake financially wipes out couple | Urbanized
A Scotiabank mortgage mishap has turned the Fitzgerald family's lifelong dream of owning a horse farm into a nightmare.
dailyhive.com
How an economic recession in Canada could affect your finances
Personal finance contributor Christopher Liew explains how an economic recession could affect your finances and offers his tips to ensure that you're prepared for what's to come.
Not this again: Bank of Canada is expected to hike interest rates this week | News
Another interest rate hike may be on the cards for Bank of Canada (BoC), and experts are predicting it could be a heavy one.
dailyhive.com
People are pissed after seeing Airbnb listings with long lists of chores | Urbanized
From doing laundry to mowing the lawn, people are mocking Airbnb listings with long lists of chores for guests -- on top of a cleaning fee.
dailyhive.com
The average one-bedroom apartment in Toronto now costs over $2,470 | Urbanized
The price of rent in Toronto has gone up again, with one- and two-bedroom apartments in the city now costing nearly 30% more than a year ago.
dailyhive.com
Canadian condo market growing to take lions share of real estate: report | Urbanized
A report from RE/MAX shows the state of the condo market in Canada, where despite fewer sales overall, the share has grown.
dailyhive.com
Rent now, pay later: Canadian company introduces flexible payment option for renters | Urbanized
If you can pay for a pricey pair of sneakers in four instalments of $30, why can't you do that with your rent?
dailyhive.com
Rent for a one-bedroom in Toronto has increased more than 16% in a year | Urbanized
According to Zumper’s latest Canadian Rent Report, the median price of a one-bedroom in the city hit $2,090 last month, a 16.10% annual jump.
dailyhive.com
Ridiculous rentals: $1,580 for a studio with no kitchen (PHOTO) | Urbanized
There are certain aspects of a rental apartment that can be considered a perk rather than a necessity. An actual kitchen is not one of them.
dailyhive.com
A Look Inside: $3.5M Ontario mansion featured in "The Queen's Gambit" | Urbanized
Up for sale for $3,500,000, the Chamberlain House in Cambridge was featured in the Golden Globe-winning Netflix series "The Queen's Gambit."
dailyhive.com
Pretty soon, the mortgage payment default numbers will start to rise.