So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Wells Fargo is the worst.
Bro they really are.
I have them for my condo mortgage which was sold off by Ryan Homes. Luckily I had no issues with them and I am not going to move a mortgage with a 3% rate.
I would never ever bank with them....They are the fucking worst..
Watchdog unveils guidelines to support mortgage-holders under financial stress
Lenders should avoid taking advantage of borrowers at risk: Financial Consumer Agency
biv.com
In places like that ur paying for the land. Thats most def getting knocked down
My wife wants another baby and a bigger house
Told her we would get bunk beds for everyone before I give up 2% mortgage
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Buying a home in Metro Vancouver? New forms provide information about competing bids
The new forms must be completed by sellers starting July 17.
Vancouver homebuilder calls out city’s ‘broken system’ for renovation permits - BC | Globalnews.ca
A Vancouver homebuilder says getting the green light for a simple bathroom renovation can take weeks or months, and cost thousands of dollars before any actual work starts.
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10 Most Livable Small & Midsize U.S. Cities
A new report ranks under-the-radar cities offering quality, affordable urban living across America.
www.kiplinger.com
10 Most Livable Small & Midsize U.S. Cities
A new report ranks under-the-radar cities offering quality, affordable urban living across America.
(Image credit: Getty Images)
BY BEN DEMERS
PUBLISHED 3 JULY 2023
The past few years have seen cities across the U.S. experience significant population turnover. From COVID fears to shifting job opportunities to sticky inflation, Americans have been voting with their feet in large numbers.
Those looking around for greener, urban pastures could find a useful starting point in Livability's latest ranking of "Best Places To Live in the U.S." The recently released report recognizes unsung metro areas that balance opportunity, amenities and cost of living.
Spotlight on under the radar cities
Livability differentiates their ranking of U.S. cities primarily through their focus on metros with populations between 75,000 and 500,000. The site prefers to leave well-trodden rankings of NYC, Houston, and San Francisco to other outlets.Subscribe to Kiplinger’s Personal Finance
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The report also purportedly sets itself apart with by focusing on the average wage earner and excluding all cities with median home value ceiling exceeding $500,000. As home prices flirt with all time highs and inflation lingers, Livability's report centers on cities that grow wages and home values while maintaining an affordable cost of living.
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Livability partnered with Applied Geographic Solutions (AGS) to construct a list of 100 cities based on data points and an algorithm that analyzed a city’s economy, housing and cost of living, amenities, transportation, environment, safety, education and health. The report dashboard allows users to filter the city list across eight factors: economy, housing and cost of living, amenities, transportation, environment, safety, education and health.
We're not going to share the whole list of 100 cities here. Instead, we've excerpted the overall top 10 cities from Livability's rankings, based on a proprietary "LivScore" that incorporates all of the aforementioned factors of urban life.
| City | LivScore | Region | Population | Med. Home Value |
|---|---|---|---|---|
| Johns Creek, GA | 877 | South | 82,493 | $453,747 |
| Flower Mound, TX | 872 | South | 81,173 | $423,603 |
| Carmel, IN | 866 | Midwest | 103,628 | $388,578 |
| Broomfield, CO | 855 | West | 76,856 | $491,306 |
| Sugar Land, TX | 854 | South | 118,604 | $361,907 |
| Cary, NC | 849 | South | 180,391 | $438,130 |
| Overland Park, KS | 849 | Midwest | 200,773 | $353,316 |
| Fishers, IN | 848 | Midwest | 103,610 | $331,594 |
| Naperville, IL | 841 | Midwest | 149,293 | $438,434 |
| Troy, MI | 837 | Midwest | 87,252 | $352,806 |
Takeaways from the report
We can see a few patterns emerging in the top 10. Five cities from the midwest lead the regional breakdown, followed by four cities from the south and one from the west. No West Coast or Northeast cities crack the top ten, although Clifton, NJ comes in at number 12 with a LivScore of 831. This shouldn't come as a surprise, given that our list of the 11 most expensive cities to live in the U.S. comprises entirely West Coast and Northeast cities.Population totals hover between 76,000 and 200,000. For the entire list of 100 top cities, the average city population measures in at roughly 100,000, perhaps suggesting a sweet spot for urban density and amenities.
Median home values float between $330,000 and $490,000. You have to scroll down to number 21 in overall city rankings to find median home values below $300,000, suggesting a common price floor among the best small to medium cities.
How to manage moving costs
If you're considering a new home on the list or elsewhere, follow our tips for minimizing your moving costs.Compare services
Once you're set on moving, make a plan. Compare pricing among services, such as truck rentals or hired crews from sites like Moving.com and MovingHelp.com.
Book early
Schedule your services well in advance, especially during during the peak moving season of Memorial Day through Labor Day. Prices are lower if you move during slower months and avoid weekends. Getting a head start also gives you time to purge your possessions, reducing the amount to transport.
Secure packing supplies
You'll need tape, bubble wrap and boxes. If you hire movers, see whether they charge extra fees for transporting large items or handling furniture assembly.
Sort out insurance
Moving companies must include free, baseline insurance coverage for a move across state lines. If you’re transporting high value items that you packed yourself, you may need to consider third-party insurance. Consider this checklist from Move.org to see if you need extra coverage.
Account for travel costs
If your move entails a multi-day trip, factor in costs for fuel, lodging, meals and tolls. Remember to have cash ready to tip your movers.
Tap your employer moving benefits
If you’re moving for a job, ask your employer whether it will cover at least some of the cost. Housing and relocation benefits are on the decline, but managers extending job offers can often provide such benefits if the candidate asks.
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Lmbaoooooo
For context, those 60, 70, and 90 year mortgages aren't ones that people can apply for. Canadians that have a fixed payment variable rate mortgage are seeing their mortgages reamortized to take into account the new higher interest rates. But even then, the terms will eventually be recalculated so no one will actually end up paying for that long.
"It’s important to note, said Sialtsis, that major banks aren’t handing out 90-year mortgages when people first buy a home; the changing amortization period is only happening on existing variable-rate fixed-payment mortgages."
But OSFI emphasized, if homeowners amortizations extend to 90 years, they won’t be paying a mortgage for that length of time because at renewal they must go back to their initial amortization.
“It’s notional,” said an OSFI spokesperson. “At renewal borrowers have to go back to the original lending requirements. Extending amortizations is a transitional measure so people can get through this period. It’s not meant to be a permanent measure in our system.”
Here's the Toronto Star article with no paywall.
those tiny houses are springing up all over san antonio. There is an entire neighborhood of them a couple of miles down the street from me
but 300sq ft for 150k?
gtfo
TBH, those power lines are a bigger turn off than the $/sqft. No telling what kind of health problems they'll cause.
The stock picture conveniently doesn't show them.
Henley Plan, Elm Trails, San Antonio, TX 78244 | Zillow
This 661 square feet Single Family home has 1 bedroom and 2 bathrooms. It is located at Henley Plan, Elm Trails, San Antonio, TX.
www.zillow.com
James Cameron lists his 100-acre California ranch for $33 million
Director James Cameron has listed his 102-acre home in California for a cool $33 million. The filmmaker is ready to let the oceanside compound go after more than 20 years.
'Titanic' Director James Cameron's 100-Acre California Ranch Hits the Market for $33 Million
The award-winning director, who lives primarily in New Zealand with wife Suzy, is letting go of the oceanside oasis, which features a gym, movie theater, helipad, and 24,000-square-foot barn.
Scroll down the article to the part about real estate ...
www.ctvnews.ca
Gap between high and low income Canadian households widening at record pace: StatCan
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A retired couple spent 5 years and $180,000 converting a dilapidated semitrailer into a 'monster' mobile home with a library, spiral staircase, and hot tub. Take a look inside.
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A retired couple spent 5 years and $180,000 converting a dilapidated semitrailer into a 'monster' mobile home with a library, spiral staircase, and hot tub. Take a look inside.
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See inside ‘exact replica’ of ‘The Flintstones’ home now for rent
Yabba dabba do take a look at this real-life house that looks like it belongs in the animated show.
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Canyon of zeroes: Lower Manhattan office rental market ‘suffering like no other’
There are a few reassuring market omens despite today’s record Manhattan 21% office availability. SL Green sold a 49% stake in 245 Park Ave. in a deal that valued the building at a healthy $2 billi…
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Tiny boat shed without bedroom, bathroom sells for a whopping $1.25M
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Huge NY property features pirate ship plus 2 bars, lists for $649K
This spit of the briny deep is seeking a new scallywag at its helm about 3½ hours beyond the boroughs.
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Retired NFL player lists custom Tahoe mansion for $10.2M
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