So when’s the housing bubble bursting?

[praetor]

This 'cozy' century-old Burnaby heritage home with potential for land assembly sold for $1.8M

A century-old Craftsman-style home in Burnaby sold last month

www.burnabynow.com

What 1.8 million will get you locally. Originally listed just under 2 million.


SMH.

To be fair though, a 5/4 3300 sqft house in a desirable area will never be cheap. It's twice the size of the average house in Florida.

Same in DC

You paying for location though...Sit and Hold for like 10 years. That area was kinda hood and still is, but it's being cleaned up.

https://www.redfin.com/DC/Washington/1224-Brentwood-Rd-NE-20018/home/10090978

I'll never understand greedy folks like this seller. It's been on the market for over a year. Who'd want a house that's almost twice the costs of the comparable houses and needs renovation on top of that?

 

[Helico-pterFunk]

To be fair though, a 5/4 3300 sqft house in a desirable area will never be cheap. It's twice the size of the average house in Florida.

True. I was just thinking about it being a 100 year-old house that will need upgrades & renovations.


My dad lives in the area. Older house for his too. The builders / developers have come by a few times over the years looking to entice him and some of his neighbors into selling. They have smaller houses on a hill ... large lots, but smaller places.

They have declined in that they haven't been met with "offers they can't refuse" to sell their places, plus they're older in age and not looking to move at this point in their lives.

They know if and when they sell their houses (about 4 people) their places will be demolished and 2 - 3 monster homes will be up in their place.

 

[Helico-pterFunk]

The ‘Airbnb Alternative’ Black Market

New York’s Airbnb crackdown has driven hosts and visitors back to Craigslist and neighborhood listserves.

www.curbed.com

Upstate Buyers Are Too Rich for Airbnb Now

People making all-cash offers don’t need the extra income, and they don’t like to share.

www.curbed.com

I Didn’t Know My Broker Was a Bot

Renters hoping to meet Brook E. and Emily O. at that Greenpoint open house will be sorely disappointed.

www.curbed.com

Ask an Airbnb Host If You Can Rent Their Apartment

With a little convincing, that soon-to-be de-listed garden unit could be yours.

www.curbed.com

The Menace of the Megamansion

Buyers who are turning multiunit buildings into single-family palaces have taken away hundreds of thousands of housing units.

www.curbed.com

Housing - Curbed

See an archive of all housing stories published on Curbed

www.curbed.com

 

[Helico-pterFunk]

B.C. condo owner says soaring interest rates forcing him to sell

South Surrey resident Adam Cantor has lived in the same condo for 14 years. But last week, Cantor put his place on the market after learning his payments will soon double.

bc.ctvnews.ca

Douglas Todd: Californians taken aback by vast gap between wages and housing costs in Vancouver

Opinion: While things are rough for would-be homeowners in San Francisco, they are horrible for those squeezed out of the Vancouver market.

vancouversun.com

B.C. uses new law to demand house owners explain where they got the money to buy it

The demand is the first use of the province's new so-called unexplained wealth orders

vancouversun.com

Posthaste: Ski homes lose some lustre as high interest rates, wildfires scare off buyers

Recreational homebuyers in Canada's most popular ski regions stayed on the sidelines amid high interest rates and wildfires. Read on.

vancouversun.com

 

[havelcok]

I don’t believe this. Nobody getting almost 700 sq ft for 600k in SF . There would be multiple offers driving the price way up. This is fake unless proven otherwise

 

[Dr. Truth]

Fake, no condo in SF is under 600k . Especially 399k . This is either fake or to start a crazy bidding war

 

[praetor]

Wow! The Walk, Transit, and Bike scores are all in the 90s.

BUT, it got an F rating for crime.

The Safest and Most Dangerous Places in 94107, CA: Crime Maps and Statistics | CrimeGrade.org

Discover detailed crime rates and maps for 94107, CA. Explore the safest neighborhoods, compare crime statistics, and understand crime trends in the city.

crimegrade.org

https://www.redfin.com/CA/San-Francisco/260-King-St-94107/unit-881/home/22889674

 

[Dr. Truth]

Wow! The Walk, Transit, and Bike scores are all in the 90s.

BUT, it got an F rating for crime.

The Safest and Most Dangerous Places in 94107, CA: Crime Maps and Statistics | CrimeGrade.org

Discover detailed crime rates and maps for 94107, CA. Explore the safest neighborhoods, compare crime statistics, and understand crime trends in the city.

crimegrade.org

https://www.redfin.com/CA/San-Francisco/260-King-St-94107/unit-881/home/22889674

That’s SOMA lots of break ins and robberies there. Your car will get broken into or stolen if no garage. Most of the city isn’t safe. No area is isolated from crime

 

[havelcok]

Fake, no condo in SF is under 600k . Especially 399k . This is either fake or to start a crazy bidding war

Dude
instead of arguing
Go ask your wife for some money to snatch up something before prices go up again

 

[Helico-pterFunk]

Why tenants struggle more in the wake of hurricanes

New research shows how renters are more uniquely vulnerable to hurricanes than their homeowner counterparts.

grist.org

EHRP Home

Quality Journalism About Inequality

economichardship.org

https://economichardship.org/2022/10/i-was-given-a-house-for-free-but-it-already-belonged-to-someone-else/

As Climate Risks Mount, the Insurance Safety Net Is Collapsing

Co-published with Grist. Natural disasters now cost the U.S. insurance industry $100 billion a year. What happens when no one wants to pick up the tab?

economichardship.org

https://economichardship.org/2023/09/chesterfield-mobile-home-park-could-be-a-model-for-revitalization/

 

[Helico-pterFunk]

https://economichardship.org/2023/10/renters-are-in-revolt-this-tenant-union-plans-to-get-them-organized/

https://economichardship.org/2023/11/the-art-of-being-a-super-begins-at-dawn/

https://economichardship.org/2023/10/what-happens-when-americas-flood-insurance-market-goes-underwater/

 

[Helico-pterFunk]

 

[Helico-pterFunk]

 

[Helico-pterFunk]

Brad Pitt and Angelina Jolie's New Orleans townhouse lists for $1M

This swanky New Orleans townhouse once owned by Bradd Pitt and Angelina Jolie at the height of their 'Brangelina' fame has hit the market, with the starting bid priced at just $1 million.

www.dailymail.co.uk

 

[blackbull1970]

Charlie Munger lived in the same home for 70 years: Rich people who build 'really fancy houses' become 'less happy'

Munger, the billionaire investor and longtime business partner to Warren Buffett, died on Tuesday at the age of 99. He'd previously filmed a wide-ranging interview with CNBC's Becky Quick, which aired on Thursday evening, and discussed his rationale for living in the same California home over the past 70 years.

Ece Yildirim
Published Fri, Dec 1 2023 2:54 PM EST
Updated Fri, Dec 1 2023 3:01 PM EST

Charlie Munger lived in the same home for 70 years: Rich people who build 'really fancy houses' become 'less happy'

Billionaire Charlie Munger intentionally lived in the same California home for seven decades — making him "happier" and benefitting his children, he said.

www.cnbc.com

Full Transcript from CNBC's “Charlie Munger: A Life of Wit and Wisdom”

www.cnbc.com

Charlie Munger, Berkshire Hathaway

​

 

[Helico-pterFunk]

Hedge Funder George Hall’s Manhattan Townhouse Hits the Market Again at a Discounted $25 Million

Originally offered for sale in 2017 with a substantially higher price tag, the 19th-century spread comes complete with a backyard garden and enviable access to Central Park.

robbreport.com

‘Fargo,’ ‘Ted Lasso’ Star Juno Temple Scores a Gated Hollywood Hills Compound for $2.8 Million

The actress’s new Los Angeles home base, which was built in the 1990s, recently underwent a contemporary renovation.

robbreport.com

‘Dallas’ in Oregon? Patrick Duffy’s Riverfront Ranch Is Headed to Auction

The property, which the actor bought in the ‘90s, features nine separate parcels including two homes and two guest cabins.

robbreport.com

Formula 1’s Jenson Button Puts a Colorful Rental Villa up for Sale in Palm Springs

Part Barbie DreamHouse with a touch of Beverly Hills Hotel, the pink stucco and green-accented property is listed for $2.3 million, and comes complete with plenty of retro-inspired decor.

robbreport.com

An Heir to the Anheuser-Busch Dynasty Has Put a $4.5 Million Price Tag on His Oceanview Malibu Home

The sleekly revamped 1960s contemporary residence has been the home of Billy Busch Jr. since 2020.

robbreport.com

 

[Helico-pterFunk]

Many Popular Houses in L.A. Were Part of a Scam by a Con Artist Who Disappeared

Yet the homes are still in high demand.

www.atlasobscura.com

 

[praetor]

 

[praetor]

Just a reminder that wire fraud, title fraud and scams using artificial intelligence are on the rise. One of my agent’s clients just wired $4000 to the wrong account because she was called and given a change to the wiring instructions. The caller knew personal details about the transaction that nobody else would have known. They determined that her email has been hacked, and the scammer used that information to convince her they were legit.

 

[praetor]

 

[havelcok]

 

[praetor]

This is very true, my car insurance has significantly increased and I don't have so much as a speeding ticket in 20 years.

 

[Helico-pterFunk]

Douglas Todd: Massive Brentwood towers trigger questions about Burnaby planning

Opinion: The modernistic towers rising up around Burnaby's Brentwood town centre are not well integrated with the community, say critics.

vancouversun.com

 

[havelcok]

 

[praetor]

This is in response to the JOLTS report.

 

[Helico-pterFunk]

New Brunswick town declares state of emergency due to 'unprecedented' homelessness

ST. STEPHEN, N.B. — A New Brunswick municipal council has declared a state of emergency, citing "unprecedented" rates of homelessness and the recent death of an unhoused resident. The declaration by the municipal district of St. Stephen, N.B., dated Monday, takes pointed aim at the provincial...

ca.yahoo.com

 

[havelcok]

I’m seriously going to buy property in San Fran then vote republican to get rid of the homeless

 

[Don Coreleone]

I just got approved for a house loan.

 

[praetor]

I just got approved for a house loan.

Congrats! Were you able to get a decent rate?

 

[Don Coreleone]

Congrats! Were you able to get a decent rate?

I'm a veteran. For whatever good that means.

 

[LordSinister]

I’m seriously going to buy property in San Fran then vote republican to get rid of the homeless

I livevin Texas, a state ran by the GOP with high crime rates and obscene property taxes. Good luck with that.

 

[Dr. Truth]

I’m seriously going to buy property in San Fran then vote republican to get rid of the homeless

Good luck those are all cash buyers in SF paying 8 million in cash . You got millions of liquid cash laying around to bid against other multi millionaires?

 

[Llano]

I livevin Texas, a state ran by the GOP with high crime rates and obscene property taxes. Good luck with that.

I don't fuck with neither party but you should see property tax relief on your homestead.

Texas homeowners and businesses will get a tax cut after voters approve Proposition 4

The $18 billion property tax-cut package is aimed squarely at lowering school district property taxes, which make up the lion’s share of a Texas landowner’s property tax bill.

www.texastribune.org

 

[therealjondoe]

 

[Helico-pterFunk]

B.C. homebuyer awarded more than $5K after seller failed to evict basement suite tenant

The corporate seller of a B.C. home has been ordered to pay the buyer more than $5,000 for failing to evict a tenant who refused to leave.

bc.ctvnews.ca