So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Landlord tried to burn down home with family of 8 inside amid rent dispute, DA says
A 66-year-old Brooklyn landlord has been indicted on attempted murder and arson charges for allegedly setting fire to his rental property while a family of eight tenants, six of them children, were inside, prosecutors said Thursday. He allegedly was angry because they had stopped paying rent and...
www.nbcnewyork.com
Landlord upset about unpaid rent allegedly sets apartment ablaze with 6 kids inside
A New York City landlord upset about unpaid rent allegedly set a staircase on fire with the second-floor tenants still inside which caused them to throw their kids down to neighbors from the roof.
lawandcrime.com
Landlord Faces Attempted Murder Charges After He Set Fire to Tenants' Unit with Children Inside, Police Say
Rafiqul Islam, 66, was arrested a month after the incident, where 8 adults and 2 children were able to escape
German property prices plummet as housing bubble bursts
https://www.telegraph.co.uk/busines...markets-latest-uk-recession-gdp-us-inflation/
https://www.telegraph.co.uk/busines...markets-latest-uk-recession-gdp-us-inflation/
Millennial Money
Interview series profiling millennials in different cities and at different income levels about how they make, spend and save their money
i wonder if the domino effect will be swift........
Their first mistake is looking at their primary home as an investment. It’s a necessity
I hope they stay high. Everything is overpriced. Americans need to get back to saving instead of the cheap credit bullshit. It’s a trap to keep the population on a mouse wheel. 8% is not a historically bad rate. I’m up 90K equity since I bought my house in ’21, but I’d gladly see values drop. The middle class is getting fucked on housing prices. Powell need to stick to his guns and keep the rates where they are at. A recession is low key needed.
Annual rent increases slowing as average asking price reaches $2,174 in November
The average asking price for a rental unit in Canada was $2,174 in November, an 8.4 per cent increase year over year. Keep reading
$115-million funding deal could build 40,000 homes in Vancouver over decade: Trudeau
Trudeau announced a $115 million federal funding deal with Vancouver that could see over 40,000 new homes built. Find out more.
Homes need to be built for better internet
We all use Wi-Fi, so it’d be nice if our houses were built for it.
www.theverge.com
Why Selling Your Home to an iBuyer Is Almost Always a Bad Idea
If you desperately need to get your money out of a home—whether it’s to fund a new home purchase or to deal with some other financial challenge—you might be tempted to sell to an “instant buyer” or iBuyer, which uses algorithms and other technologies to quickly estimate your home’s value and...
How to Get Rid of PMI As Soon As Possible
If you had to purchase private mortgage insurance to get your home loan, don’t wait around for your lender to cancel it.
Use This Renovation Calculator to Figure Out Which Home Upgrades Add the Most Value
Some projects have a better return on investment than others.
Here’s When You Should (and Shouldn’t) Buy Mortgage Points
How to crunch the numbers to determine when it makes sense to buy down the interest rate.
Housing - Tips, Tricks and Hacks for Doing Everything Better | Lifehacker
Everything you ever wanted to know about Housing - Streaming. News, stories, photos, videos and more.
November 2023 Construction and New Home Sales Update
PCE inflation came in low this month, confirming the “soft landing” path, that inflation has been beaten without much damage to the real economy. That should keep sentiment about the homebuilders high. As for specific new home data this month from the Census Bureau, the numbers are giving mixed...
kevinerdmann.substack.com
The Housing Shortage Is Larger Than You Think: Part 1
Joseph Lawler has an article in the Washington Examiner that does a good job of surveying the potential scope of the housing supply shortage. He notes the wide range of estimates about the number of additional units needed to reclaim a reasonable level of affordability, citing estimates from as...
kevinerdmann.substack.com
The Housing Shortage Is Larger Than You Think: Part 2
Lance Lambert reported on a couple of different pieces of housing analytics that make for an interesting pairing, when you put on the EHT-colored glasses and consider all the implications of what they are saying. First, he reported on Bank of America analysis:
kevinerdmann.substack.com
Kevin Erdmann | Substack
I discovered a new framework for understanding the housing bubble, the financial crisis, and costly housing markets. And, I have developed a novel framework for estimating the effects of supply constraints vs changing demand on home prices.
substack.com
Selling Sunset's Jason Oppenheim is sued for selling 'faulty' mansion
Philip Berardi claims he discovered his new home sold to him by Selling Sunset star Jason Oppenheim was riddled with problems worth $1.7million in repairs.
Restoration Hardware’s CEO Pays $28 Million for His Second Malibu Beach House
Longtime RH chief executive Gary Friedman now has a second house just 12 doors away from another Carbon Beach home he recently purchased.
robbreport.com
You Can See Jeff Bezos’s Megayacht ‘Koru’ From This $13.5 Million South Florida Mansion
The brand-new waterfront residence in Fort Lauderdale features six bedrooms and eight bathrooms within 6,500 square feet of living space.
robbreport.com
This $50 Million Mansion-Sized Condo Is the Most Expensive in Los Angeles
The 9,400-square-foot aerie sprawls across the entire 39th floor of The Century tower in Century City.
robbreport.com
we
location. Nobody wants to live there in the fucking desert out in the middle of nowhere
location. Nobody wants to live there in the fucking desert out in the middle of nowhere
Young people are flocking to Florida. It's boosting the state's economy, but living there comes with hidden costs.
Young people are being lured to Florida by weather, no state income tax, and job opportunities. But the state can also be a financial burden.
www.businessinsider.com
Err, where are they gonna fit 100 cars bruh?
Airbnb though?
It depends on how much of that grass is their land. If most of it is, they could easily fit 50-100 cars.
But let's say, they can only accommodate 25 cars, that's still 40k a year just for 8 Sundays.
2068 Wildwood Ln, Green Bay, WI 54304 | Zillow
2068 Wildwood Ln, Green Bay WI, is a Single Family home that contains 2112 sq ft and was built in 1968.It contains 4 bedrooms and 2 bathrooms.This home last sold for $600,000 in April 2024. The Zestimate for this Single Family is $596,200, which has increased by $3,955 in the last 30 days.The...
www.zillow.com
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Evictions 'catastrophic' for B.C. seniors who lose affordable homes: seniors advocate
British Columbia seniors who face eviction from long-term, affordable rental housing face “catastrophic” consequences and a growing number of older residents are at risk of becoming homeless, says the province's seniors advocate.
700k to live in Greenbay???? FOH. Also football season is wild short you’re not making this up just doing air b&b. Nobody staying in that shithole for a week. Maybe a weekend .
700k is too much, the price needs to come down. But anecdotally some folks are making decent money.
From reddit:
"Friend owns a house right down this street. He rents it out all the time and has made a killing. The whole street usually has parties during game day so walking down it is a blast."
"They park all over the lawn at all of those houses near the stadium on game day. When I went back in 2018 to a pre-season game the houses right next to the stadium was $70 for parking and each of them had at least 20-30 cars lined up packed as tight as possible into every inch of the property."
"I went to the Saints v Packers game in September. I paid 84 dollars to park in their yard. And I wasn’t the only one."
"Knew a girl who got 1500 in cash every home game cause her dad used one of these houses for parties and just gave her some of the money lol"
Still not enough, what they play? 8-9 home games a year? The rest of that time are people renting out homes in Greenbay? To what? Stare at the stadium? You have a good 3 months before the weather turns to trash too.
Also be careful with those quotes under real estate posts and articles , agents be pretending they are or know somebody in the area doing well in order to potentially get a sale. Thats probably an agent saying their friend lives close
The most expensive celebrity property sales of 2023 including JLo
The rich and famous have a penchant for topping up their real estate portfolios, and 2023 was no exception, with a mixed bag of A-listers kissing goodbye to lavish properties for hefty profits.
Rams Quarterback Matt Stafford Throws Down a Record $28 Million on an L.A. Estate
That number is the most ever paid for a house in Hidden Hills, and Stafford’s newly built modern farmhouse happens to sit directly next door to another house he already owns.
robbreport.com
Zoe Saldana Drops $17 Million on a Grand Old Montecito Estate
Prominent Hollywood actress Zoe Saldana and her husband paid $17 million for a fabled old Santa Barbara mansion designed by George Washington Smith.
robbreport.com
Zoe Saldana Lists Traditional-Style Beverly Hills Mansion for $16.5 Million
The plot was previously owned by Kimora Lee Simmons
Zoe Saldaña Lists Her Beverly Hills Home for $16.5 Million — See Inside!
Zoe Saldaña listed her 5-bedroom, 7-bathroom Beverly Hills home for sale with listing agent Brett Lawyer of Carolwood Estates this week
'Gated manufactured home parks' offer safe, spacious properties
Soaring house prices have prompted more people to choose 'gated manufactured home parks' instead of traditional homes in Massachusetts and all over the country.