So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
People in the comments were saying that the $250k was an auction starting price and that it sold for about $500k, but the redfin and realtor price history is way different than the Zillow price history.
It’s already happening. It just haven’t go ugly yet. The 5 year arms are coming to an end for many people, so they about to feel this interest rate hike unfortunately. Student loan payments start up again in January too.
It’s going to be an interesting 2023 economy-wise.
Shit, I need it to hit Alexandria, Arlington, DC, Bethesda... However other surrounding cities are starting to drop prices.
Yup. Now student loans may get an extension with the pause because of the court Bullshit. The administration is thinking of extending it.
Bro you know that shit ain't happening...lol We been paying high cost for real estate....lol
On the real, I have seen a few townhomes over here in NE DC come down a little in asking price...
Sheit, I’ll take the extension. Lol. Save me some more bread.
My company had a big spike in doing smart home/apartment new builds beginning of summer of 2021 we had a lot of contracts getting put on hold this past summer around the end of July time frame. My buddy who is a electrician says the residential side of his company has had contract in multi million dollar sub-divisions canceled due to no one buying the ones they have finished already. By Spring the will be damn near giving houses away at low bottom prices with unbelievable discounts.
Average rent in Canada up 15.4 per cent in 2022: monthly report
A new report shows that rent for all property types across Canada jumped again, seeing an increase of 15.4 per cent over this time last year.
Firms like Blackrock are salivating at this. They want to turn the US into a subscription model and turn everyone into a renter.
Yup.
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I'm watching the 2nd clip below right now, and saw the 1st clip earlier this fall (have a DVR series recording for the show set up).
He Says His Landlord Is Harassing Him to Leave a $450-a-Month Apartment (Published 2022)
A 77-year-old man has lived in the same building for years. He says in a lawsuit that a neighbor and his landlord are jointly using dubious tactics to push him out.
Crown Heights man says he’s being pushed out the apartment he rents
Roberts is now suing the landlord of his building, 972 Park Place LLC, with Roberts’ lawyer saying that they “believe this is an intentional harassment technique designed to push Francis out."
bronx.news12.com
Crown Heights Landlord Harassment, ‘A Living Hell,’ Includes Sewage, Drug Deals: Lawsuit
A lawsuit filed last week by a 76-year-old tenant of 972 Park Place alleges he has been subjected to feces in his apartment, music blasted through a hole in the ceiling 24 hours a day, drug dealing outside his window and an intruder in an attempt to get him to leave his rent stabilized home.
'The greed here is interesting': Duped B.C. renter owed $24,000 from landlord
After a B.C. renter wins a monetary order at the Residential Tenancy Branch, it's up to them to be a "collections agent," says a tenancy lawyer. "I think that deters a lot of people."
biv.com
B.C. family awarded $33,700 for wrongful eviction
The family says it wants to see a more streamlined process to obtain their compensation.
www.vancouverisawesome.com
Coquitlam mom's struggle to pay expenses not enough to save her from eviction
You can be evicted after just three late rent payments, the B.C. Rental Tenancy Branch explained in a recent decision.
www.vancouverisawesome.com
Half of variable-rate mortgages with fixed payments have reached trigger rate: BoC report
Homeowners are now grappling with a concept that was seldom discussed prior to July 2022
biv.com
Money laundering ring tied to Vancouver real estate alleged by police group
The Alberta Law Enforcement Response Team and RCMP have arrested four Vancouver residents alleged to have formed a money laundering ring for organized crime groups
biv.com
Canadian housing sales “popped up” in October
National home sales edged higher in October from a month earlier, according to the Canadian Real Estate Association (CREA), suggesting the downturn that started this spring may be coming to an early end.
biv.com
Vancouver average home price dipped $87K since June: Ratehub
Homebuyers now need $3,150 less in annual income, on average, in order to afford a home in this city
biv.com
B.C. home sales down 45 per cent year-over-year in October: BCREA
But national home sales rose slightly for the first time since February, says CREA
biv.com
Canada's five most expensive cities for rentals are all in B.C.
North Vancouver is at the top of the charts with an average rent that is higher than Vancouver and Toronto
biv.com
Real Estate | Business in Vancouver
BIV's real estate coverage ranges from reporting the latest statistics to providing in-depth analysis of all real estate issues in Vancouver and British Columbia
biv.com
The great American ‘homewashing’ is happening under our noses
The federal government provides $6.3B annually to 11 Regional Federal Home Loan Banks at deeply discounted interest rates. This is done for the purpose of them advancing it out to other member banks in support of affordable housing initiatives. However, the member banks are only required to use a small portion, about 5%, for loans on affordable housing. The remainder can be used to do whatever they want. The government currently has over a $1T on the books going back to 1932 for these programs and little understanding of how much is supporting affordable housing, and low- or middle-class home buying. Participating in the program also allows the member banks to maintain the huge spread between the government credit rate they receive the funds at and the interest rate they pay their customers on deposits.
I’ve often wondered how the government can spend so much on HUD, Fannie Mae, Freddie Mac, etc.… and still have an ever-looming housing crisis for as long as I’ve been alive. This might be a big part of the reason why.
The federal government provides $6.3B annually to 11 Regional Federal Home Loan Banks at deeply discounted interest rates. This is done for the purpose of them advancing it out to other member banks in support of affordable housing initiatives. However, the member banks are only required to use a small portion, about 5%, for loans on affordable housing. The remainder can be used to do whatever they want. The government currently has over a $1T on the books going back to 1932 for these programs and little understanding of how much is supporting affordable housing, and low- or middle-class home buying. Participating in the program also allows the member banks to maintain the huge spread between the government credit rate they receive the funds at and the interest rate they pay their customers on deposits.
I’ve often wondered how the government can spend so much on HUD, Fannie Mae, Freddie Mac, etc.… and still have an ever-looming housing crisis for as long as I’ve been alive. This might be a big part of the reason why.
What the fuck kind of moron was getting 5 year ARM’s with 2-3% interest rates?
FlippersWhat the fuck kind of moron was getting 5 year ARM’s with 2-3% interest rates?