So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Maybe I missed a post but why take an ARM on a flip?
Before my time, but I thought it was the pencil whipping unqualified buyers who defaulted at record amounts that put shit in the game
Selling million dollar cribs and defaulting 3 months later etc.
Because the nature of a flip is quick. Ideally you want to buy, fix and sell within a few months. ARMs come with lower than average interests for the first few years so you can get cheaper financing on the home initially because the idea is to have it sold before the rate resets.
Inside Look Section 8 Apartment Tour
Phoenix, AZ
Ol’ Grandma probably living better than some of you cats on that Gumment Money.
Phoenix, AZ
Ol’ Grandma probably living better than some of you cats on that Gumment Money.
I was just about to post this.
oddly I remember Boyce Watkins talked about getting into the real estate funds as a way to invest without buying real property. I never invested but I was always interested. I wish I would of listener to my buddy and bought some property instead of putting it into the market. I’d be sitting pretty.
This is a Ted talk on how to respect other peoples shit.
Utah City Tells Families To Get Out Of Their New Homes
There is similar shit like this going on all over the country.
There is similar shit like this going on all over the country.
Growing Concern Over Corporate Investors Taking Advantage Of Renters
There’s a growing trend of corporate investors buying up single-family homes across the country and then renting them out.
In an NBC News investigation, Gabe Gutierrez takes a closer look at one Ohio company that's come under scrutiny for its property management and eviction practices, with allegations that it's taking advantage of low-income tenants.
There’s a growing trend of corporate investors buying up single-family homes across the country and then renting them out.
In an NBC News investigation, Gabe Gutierrez takes a closer look at one Ohio company that's come under scrutiny for its property management and eviction practices, with allegations that it's taking advantage of low-income tenants.
At least 10-20% by end of next year...
Dropping but still unaffordable. whats 40k off a 950k house?@Dr. Truth wasnt you saying the bay area aint dropping
Agreed with most of Cali is unaffordable; but it won't drop just 40k; I suspect 20% decline in all major markets and other areas where it was booming...
We shall see. With rates being high it won’t really matter. And when rates drop houses go up .
Ive seen price home drops like that in my area. Then you see houses sitting on the market with no price drops. Those people are stubborn and will never sale. The home on my street been on the market like 3 months no price drop. It will just sit while other homes have sold because they priced their home cheaper.
Building up for another 2007, these greedy MFs will never learn. 2007 was the second time this shit happened this third go around well we will see what happens.
B.C. property assessment values expected to rise up to 15%
Most homeowners will see their property assessment values increase next year when BC Assessment's latest figures are released in January.
I’m curious how they know the race. You have an option to decline racial data
Vancouver Now Has 36% Less Vacant Homes Due to Empty Homes Tax
The Empty Homes Tax is doing what it was designed to do, according to the latest annual report from the City of Vancouver.
storeys.com
I'm guessing a significant number didn't decline to indicate their race.
"The research is primarily based on information from the Home Mortgage Disclosure Act, which requires banks and other lenders to release details, including race, gender and income, of the people who apply for and obtain their loans. It is supplemented by census data, academic journals and media reports."
Woman facing B.C. foreign buyer tax has $150,000 deposit on Vancouver home forfeited by judge
A BC judge has ordered that a $150,000 deposit paid to buy a Vancouver home be forfeited because the buyer had repudiated the sales contact.
All them cities is trash tho.
Lol
I’ve only been to Detroit and yeah I wouldn’t move there, but Bmore got some nice areas. Close to DC, Philly, and NYC. That’s probably only place I would consider.
How affordable are those nice areas?
I lived in Reservoir Hill, in Bmore, about 10 years ago.
Extremely beautiful, massive row houses. The cons: too close to "Murder" Mall; TOO DAMN close to North Avenue, which should be named "Get your ass in the house before dark or else Avenue". Really, North Avenue is SO fucked up, that it is very likely the reason most of the property there is relatively affordable.
I am from Detroit. For D folks, imagine an area similar to the Boston-Edison District, but with row houses (some extraordinarily nicely built) instead of conventional mansions.
If your neighbors got roaches/rats, chances are, so do you. But this is an East Coast thing. I ain't wit' it, although I love Bmore. Prefer it to Detroit, actually, for the reasons enumerated above: proximity to DC, international travel at one's fingertips, a significant population that is NOT from the goddamned south, etc.
Extremely beautiful, massive row houses. The cons: too close to "Murder" Mall; TOO DAMN close to North Avenue, which should be named "Get your ass in the house before dark or else Avenue". Really, North Avenue is SO fucked up, that it is very likely the reason most of the property there is relatively affordable.
I am from Detroit. For D folks, imagine an area similar to the Boston-Edison District, but with row houses (some extraordinarily nicely built) instead of conventional mansions.
If your neighbors got roaches/rats, chances are, so do you. But this is an East Coast thing. I ain't wit' it, although I love Bmore. Prefer it to Detroit, actually, for the reasons enumerated above: proximity to DC, international travel at one's fingertips, a significant population that is NOT from the goddamned south, etc.
I'm no expert on Bmore, but I have friends in Randlestown which is in the county and it's pretty inexpensive and probably about 10 miles from the harbor downtown.
Prices range as low as $150,000 up to like $600,000
Randallstown, MD Homes for Sale
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Owings Mill also
Owings Mills, MD Homes for Sale
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I'm no expert on Bmore, but I have friends in Randlestown which is in the county and it's pretty inexpensive and probably about 10 miles from the harbor downtown.
Prices range as low as $150,000 up to like $600,000
Randallstown, MD Homes for Sale
Search 34 homes for sale in Randallstown and book a home tour instantly with a Redfin agent. Updated every 5 minutes, get the latest on property info, market updates, and more.www.redfin.com
Owings Mill also
Owings Mills, MD Homes for Sale
Find Real Estate for sale in Owings Mills, MD. Tour Real Estate & make offers with the help of local Redfin real estate agents.
People I knew who lived there for a while were moving out to "the county" then, i.e., out in the country.
You could get a 6 bedroom house all day long in Detroit for under 250k. 100k will get you a really nice house.
HOWEVER...if you don't know anybody, I mean GOOD friends and preferably a LOT of family, I would highly recommend you spend your money elsewhere. They will rob you. They will kill you. The police will show up after you are dead.
This is not a place to be alone, unless you have been here a long, long time.
Bmore will cost more, the general populace is just about as dumb (not quite as prone to violence, but close), and the advantage is being close to cities you actually WANT to live in.
I would not spend my cash in either place, to be honest. If in Maryland, I would be one of those people moving out in the county, where it is relatively safe.
Around Detroit, the burbs you WOULD want to live in are NOT affordable, e.g. Royal Oak, Ferndale, the Grosse Pointes.
And, of course, the coolest city nearby (40 miles or so), Ann Arbor, has ALWAYS been a hideously expensive place to live.
Yeah definitely the county in Maryland but it depends. Southern MD aka Waldorf is falsity growing with a lot of negroes moving there because PG and DC is so expensive. And you guess it, it’s becoming the wild Wild West smh
Bmore county from atleast what I’ve seen it’s decent.
im personally getting the hell out of dmv and moving back to the south. Shit too draining and after 20 years
I need peace and space.