So when’s the housing bubble bursting?

[Helico-pterFunk]

B.C. court orders woman to forfeit $150K deposit after she backed out of home purchase due to foreign buyers tax

The would-be buyer of a nearly $3 million home on Vancouver's west side, who backed out of the purchase after learning B.C.'s foreign buyers tax would apply to her, has been ordered to forfeit her deposit.

bc.ctvnews.ca

Cooling trend continues in B.C.'s residential real estate market

High interest rates are continuing to have a cooling effect on B.C.'s residential real estate market, as sales slump, active listings plateau and average prices dip.

bc.ctvnews.ca

Only 'modest' drop in Vancouver home prices forecast for 2023: Royal LePage

Housing prices in the Vancouver area might only experience a "modest" decrease over the next 12 months, according to a new forecast from Royal LePage.

bc.ctvnews.ca

Fake rental listing in Vancouver highlights threat of scam

Renters in Vancouver are being warned about a scam involving AirBnb listings being presented as though they're available to rent longer term.

bc.ctvnews.ca

Province, City of Vancouver partner to build 90 units of modular housing for Downtown Eastside residents

The province and the City of Vancouver are unveiling a plan to build 90 modular housing units to help alleviate homelessness in the Downtown Eastside.

bc.ctvnews.ca

 

[Helico-pterFunk]

Very true. MY last house was 2 blocks from a major super market, and about a 5 minute walk to 2 bus lines, which I used for a couple of years because I did not want to pay for a car.

And of course, there is the issue of the school system. I recommend buying the shittiest house in a GREAT municipality, in terms of things like city services, and, in particular, the school system. Rental property in a good school system will ALWAYS hold a certain value, even if the market value of the structure dips. This is because working class, single women with kids, will often, if they can, pay STUPID rent for the ability to send their kids to a good school, without having to pay for private schooling, the fees for which can be prohibitive, even for the fairly well to do.

Agreed. Location is key. Even if the house isn't in the best shape ... so long as it's conveniently / centrally located.


Schools / groceries / banks / restaurants / public transit / parks, etc. All key to have nearby.

 

[tpotda]

Houses u have to worry about too many repairs and maintenance issues tho

 

[A to Dah K]

 

[Day_Carver]

A California task force studying the possibility of state reparations estimated that Black residents could receive more than $223,000 each as compensation for the economic effects of racial discrimination over many generations.
The New York Times reported that the nine-member Reparations Task Force, created through legislation signed by Gov. Gavin Newsom in 2020, is expected to release a final report of its recommendations to state lawmakers in 2023. Lawmakers would then decide on how to act and determine how to fund reparations.
At this point, the task force has identified five areas for compensation: housing discrimination, mass incarceration, unjust property seizures, devaluation of Black businesses and health care.
The final compensation sum would likely exceed the $223,000 per person figure, which is based on the divided distribution of $569 billion to each qualified resident just for housing discrimination between 1933 and 1977.

California Task Force Reveals Reparations Price Tag

A final report on compensating Black Californians for generations of racial discrimination is expected in 2023.

www.bet.com

It’s a start but still way way too short. Should be starting like at 2 million or more…

 

[praetor]

 

[Dr. Truth]

Houses u have to worry about too many repairs and maintenance issues tho

Yeah if you buy a fixer or some shit property . Most people who research don’t have to worry about that and you can put that in your offer that seller has to fix certain shit or give a credit for future fixes.

 

[Helico-pterFunk]

Douglas Todd: UBC team escalates debate over wealth tax on housing

Analysis: A UBC team suggests owners of Canada's most costly homes should pay a minimum income tax of one per cent of their property's value

vancouversun.com

 

[praetor]

 

[praetor]

 

[praetor]

 

[Helico-pterFunk]

Reddit - Dive into anything

www.reddit.com

 

[Helico-pterFunk]

 

[Helico-pterFunk]

 

[praetor]

 

[havelcok]

Why Republicans are coughing up billions of dollars to save Florida’s insurance market

The state's insurance companies are struggling to survive an onslaught of hurricanes and litigation.

grist.org

 

[Politic Negro]

 

[Helico-pterFunk]

https://www.cbc.ca/news/canada/toronto/ontario-homebuyers-struggle-close-1.6685427

https://www.cbc.ca/news/business/crea-housing-number-november-1.6686776

https://www.cbc.ca/news/canada/toronto/investors-in-toronto-condo-market-move-to-sidelines-1.6670595

 

[havelcok]

 

[praetor]

 

[DC_Dude]

WTF???? That's several mortgages...

 

[praetor]

We need to deport people back to their home states. Lol.

 

[DC_Dude]

We need to deport people back to their home states. Lol.

Not surprised by NC and SC. It’s cheap asf!

I was talking to a white boy the other day that lives in Frederick MD and he was like it’s too fucking expensive in the DMV. Said his brother bought a fixer upper in Aiken, SC in the woods for 100K sitting on 8 acres of land. Told me he is selling his Frederick home ASAP, travel the USA for a year, and will take his trailer and post up on his brothers land.

 

[ArsenalCannon357]

I know several people (WHITE) who did just that.

 

[Helico-pterFunk]

I sold my late mother’s home for $250,000. I make $80,000 and have $220,000 in student debt. I want to buy a house. Should I use all my inheritance for a down payment?

‘I plan on maxing out contributions to my employer-matching Roth IRA, but I am unsure where to put the remainder until I find a home to purchase.'

www.marketwatch.com

‘I want to meet someone rich. Is that so wrong?’ I’m 46, earn $210,000, and own a $700,000 home. I’m tired of dating 'losers.'

‘I see wealth as a sign that someone is ambitious and aims high.’

www.marketwatch.com

I met my wife in 2019 and we married in 2020. I put her name on the deed of my $998,000 California home. Now I want a divorce. What can I do?

‘I make close to $200,000 a year, and my wife makes $78,000.’

www.marketwatch.com

‘He is financially secure and owns two homes’: I finally met the man of my dreams, but he treated our waitress like dirt and tipped her 10%. Am I overreacting?

‘He treated her worse than they treat their servants on “Downton Abbey.”’

www.marketwatch.com

'Am I being ripped off?' I moved into my husband’s home. I pay for groceries. The rental income from my apartment goes into our joint savings.

‘I am paying my own maintenance and taxes for my home, and likewise he pays his own maintenance and taxes for his property.’

www.marketwatch.com

‘I have significant savings and several properties': I'm 52, happily divorced, and have 4 nieces and nephews. How do I entrust my wealth to future generations?

'As a professor, I believe education has been central to my experience and social mobility. I want to make sure that future generations have that opportunity'

www.marketwatch.com

My mother willed her home to my two brothers. They said I could live there rent-free, if I pay the taxes and upkeep. Is this a good idea?

‘How should they pass the house on to me?'

www.marketwatch.com

‘I'm spending a fortune on home maintenance. I realize my second husband is essentially living in my house for free’: What is a fair way to split costs?

‘When I married my husband, he sold his house, which was valued at about $100,000 more than mine, but he had no equity in it.’

www.marketwatch.com

The Moneyist - MarketWatch

Advice to life's thorniest money issues. The Moneyist provides answers on all sorts of dilemmas: inheritance, wills, divorce, tipping, gifting.

www.marketwatch.com

 

[Helico-pterFunk]

Real Estate - MarketWatch

MarketWatch's guide to home buying, home selling, mortgages, home building, real estate investing, remodeling, hot home trends.

www.marketwatch.com

Florida penthouse bought with crypto sells for $18 million cash

In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer...

www.marketwatch.com

Homebuyers are using all-cash offers to get around high mortgage rates — here are the cities where it's happening the most

All-cash offers hit their highest level since 2014 in October, according to a Redfin report.

www.marketwatch.com

Demand for mortgages inches up amid slow season for home buying

Mortgage applications rose 0.9% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.34%.

www.marketwatch.com

Can you co-buy a house with friends? Yes, and it can pay off.

Co-buying requires extra paperwork, and even for family or experienced roommates, the financial commitment raises the stakes—but the payoff can be worth it.

www.marketwatch.com

Think mortgage rates are high in the U.S.? Check out what's happening in these countries

Homeowners in some countries can be more exposed to higher rates because mortgages have shorter fixed-rate periods.

www.marketwatch.com

The pros, the cons, and the challenges of buying into a 55+ retirement community

55+ communities boast exciting amenities and services, but they can also come with long waitlists, restrictions on pets, and estate-planning complications

www.marketwatch.com

Builder sentiment fell every single month in 2022. Builders say there’s a silver lining.

Homebuilder sentiment dropped for the 12th straight month, as inflation, rates and construction costs stay high, the National Association of Home Builders said

www.marketwatch.com

 

[praetor]

 

[Helico-pterFunk]

Victoria rent skyrockets 22% in a year, remains fourth worst in Canada

The latest report from Zumper puts average one-bedroom rent at $2,150 in December

www.vicnews.com

 

[nativeneworleanian06]

The elasticity of demand is being tested beyond our wildest imaginations.

 

[RUDY RAYYY MO]

We need to deport people back to their home states. Lol.

Nah bruh shut up and color yall turn now lol. ATL been taking in refugees for decades. Surprised GA not in top 5 though

 

[praetor]

Didn't know people could rent these.

 

[Llano]

Houses u have to worry about too many repairs and maintenance issues tho

Best believe your landlord got future repair & maintenance fees baked into the rent price.

 

[tpotda]

I was referring to house vs Condo or even townhouse

Best believe your landlord got future repair & maintenance fees baked into the rent price.

 

[Politic Negro]

Didn't know people could rent these.

Too bad I wanted to see who rented them out.

 

[Dr. Truth]

I was referring to house vs Condo or even townhouse

Those maintenance costs are baked into HOA’s that never go away and only go up in price. I had a condo that had HOA’s that started at $250 a month and by the 4th year were at $475. Biggest scam going fuck a Condo.