So when’s the housing bubble bursting?

[Helico-pterFunk]

I'm building my dream smart home - here are the 5 things I decided on first

When you opt for new construction instead of buying an existing home, you don't have to worry about retrofitting technology to current infrastructure. Here's how we designed our new home to be smart from the start.

www.zdnet.com

https://www.cbc.ca/news/business/cmhc-housing-starts-february-1.7144855

 

[Helico-pterFunk]

Action Star Frank Grillo Is Selling His Lavish Hollywood Hills Mansion for $9 Million

DC and Marvel action star Frank Grillo is selling his ultra-contemporary Los Angeles mansion for $9 million.

robbreport.com

 

[Helico-pterFunk]

The Designer Who’s Trying to Transform Your City Into a Sponge

Kongjian Yu pioneered China’s “sponge city” concept—less concrete and more green spaces to exploit stormwater instead of fighting it. Metropolises all over the world are following suit.

www.wired.com

 

[DC_Dude]

 

[praetor]

 

[Helico-pterFunk]

Richard Pryor Estate Listed In Northridge

Richard Pryor Estate Listed In Northridge

www.tmz.com

 

[Helico-pterFunk]

Richard Pryor's former Los Angeles estate listed for $4 million

Richard Pryor's former Los Angeles home has been put on the market for $4 million by its' ex-NFL player owner. The late comedian infamously set himself on fire at the location in 1980.

www.dailymail.co.uk

A Super Bowl Champ and Comedian Richard Pryor Have Both Called This California Estate Home

The legendary comic nearly died after setting himself on fire in the original house on the property, which is now owned by retired NFL star Rashard Mendenhall

www.mansionglobal.com

L.A. Estate Where Richard Pryor Set Himself on Fire Hits the Market for $4.236M

The estate in L.A.'s Northridge neighborhood is currently owned by former NFL player-turned writer Rashard Mendenhall.

www.hollywoodreporter.com

 

[Helico-pterFunk]

Mansion Global Daily: ‘Shark Tank’s’ Robert Herjavec Buys Sydney Mansion for A$23 Million

Mansion Global’s daily round-up of the latest luxury real estate news from around the world

www.mansionglobal.com

 

[Helico-pterFunk]

Joe Jonas Sells New York City Condo With Huge Terrace for $5.36M (Exclusive)

The singer is saying goodbye to a three-bedroom unit in Manhattan's Nolita neighborhood that clocks in at 2,907-square-feet and boasts a landscaped outdoor area.

www.hollywoodreporter.com

 

[Helico-pterFunk]

 

[Helico-pterFunk]

Homebuyers should jump into the market before interest rates go down, says expert

Housing market to heat up once Bank of Canada starts cutting rates

ca.finance.yahoo.com

 

[darth frosty]

 

[Helico-pterFunk]

NBA Hall of Famer Tony Parker Lists Texas Estate—With Its Own Water Park—for $16.5 million

The former San Antonio Spur built the sprawling custom estate about 25 miles northwest of the city in 2009

www.mansionglobal.com

Forget Pools. Tony Parker’s Sprawling $20 Million Texas Estate Comes With Its Own Waterpark.

Tony Parker's $19.5 million estate in San Antonio, Texas has a waterpark, a greenhouse, a fruit orchard, a tortoise enclosure and more.

robbreport.com

Everything I Learned During a Wine-Filled Dinner With NBA Hall of Famer Tony Parker

NBA star and hall of fame inductee Tony Parker is enjoying a second career act in winemaking. Learn more about Tony Parker's wines with Château La Mascaronne and Champagne Jeeper.

www.foodandwine.com

 

[blackbull1970]

NEOM’s latest progress video of The Line is the clearest indicator yet of its scale

The latest update on the futuristic city of The Line is very exciting. It was posted to LinkedIn by Giles Pendleton FRICS, the chief operating officer of the project It offers a glimpse into the astounding momentum of this colossal urban project

by Daksh Chaudhary
March 15, 2024

Latest NEOM progress video of The Line is indicator of scale

The latest video of The Line project under Neom reveals that things are moving at pace and gives us our first real sense of its true scale.

supercarblondie.com

​

 

[blackbull1970]

Check out the tiny-home village a millennial built, where 29 units priced as low as $190,000 sold out in less than 2 months

Micro-home community South Park Cottages offers locals an affordable alternative to renting. Homes in the community start at $190,000, and the typical monthly mortgage payment is around $1,500. South Park Cottages is so popular that its developer is building another community in Georgia.

Alcynna Lloyd
Mar 16, 2024

See a tiny-home village with airy, affordable houses that sold out fast

Booker Washington crowdsourced $2 million to build a community with high-end affordable homes that cost less than the typical Atlanta house.

www.businessinsider.com

The interior of a home at South Park Cottages.​

 

[DC_Dude]

Check out the tiny-home village a millennial built, where 29 units priced as low as $190,000 sold out in less than 2 months

Micro-home community South Park Cottages offers locals an affordable alternative to renting. Homes in the community start at $190,000, and the typical monthly mortgage payment is around $1,500. South Park Cottages is so popular that its developer is building another community in Georgia.

Alcynna Lloyd
Mar 16, 2024

See a tiny-home village with airy, affordable houses that sold out fast

Booker Washington crowdsourced $2 million to build a community with high-end affordable homes that cost less than the typical Atlanta house.

www.businessinsider.com

The interior of a home at South Park Cottages.​

Not bad

 

[praetor]

 

[praetor]

 

[praetor]

 

[^SpiderMan^]

This is bullshit! They want you to buy while they are selling.

Blackstone Announces Major Asset Liquidations As Redemption Requests For Its REIT Continue

Blackstone real estate investment trust (BREIT), which recently made news for exercising a clause that restricted owner withdrawals for several consecutive months, has not taken the news lying down. Blackstone’s opportunistic funds recently announced the sale of $3.1 billion worth of its...

finance.yahoo.com

"Is Blackstone Looking To Raise More Money?
It’s no secret that Blackstone has been restricting owner withdrawals in its REIT for almost the entire year. With that in mind, it’s not hard to imagine it is under tremendous pressure to liquidate assets. Rumors are circulating that Blackstone may sell half of the $4.25 billion interest it acquired in the Bellagio Resort & Casino in Las Vegas in 2019.

If true, it would represent the liquidation of an asset that is performing well. The Bellagio is one of the more profitable operations on the Las Vegas Strip. It’s also still under the control of the owner who opened it — MGM Grand — and in the middle of a long-term lease. Those factors make Blackstone’s share an appealing asset that will likely have many suitors if it decides to put it on the market.

Blackstone has steadily been selling its casino assets in the last several years. It sold the Cosmopolitan hotel for $5.65 billion in 2021, which netted the company a profit of nearly three times its original investment. At the time, it was one of the most profitable transactions of its kind in history. In 2022, Blackstone sold 49.9% of its ownership of MGM Grand and Mandalay Bay."

https://www.reuters.com/markets/deals/blackstone-sell-833-mln-stake-embassy-reit-document-2023-12-19/

"Blackstone Inc. will sell its entire 23.59% stake valued at $833 million in India's largest real estate investment trust Embassy Office Parks, four years after it was first listed, according to a term sheet seen by Reuters and a person with direct knowledge.
Blackstone will sell 223.6 million units of Embassy REITs, in one of the biggest block deals this year, at a 7.7% discount to 335.75 rupees per unit price as of Dec. 19, according to the term sheet. The units will be sold via block deals in the secondary market.

The deal marks Blackstone's exit from India's first ever listed REIT. The U.S. based investment manager has been trimming its interest over time in Indian REITs. In 2022, it sold its entire stake in India's Mindspace Business Parks REIT for $235 million.

 

[praetor]

 

[DC_Dude]

24% Of Homes On The Market in DC Are Priced Above $1 Million​

• February 29th

by UrbanTurf Staff

Homes in Woodley Park.
Years ago, the blog for DC’s Office of Revenue Analysis published a post that suggested that $1 million should no longer be used as the benchmark for DC’s luxury residential market, as the price point was becoming more and more prevalent in the city.

That post has proven to be quite accurate as city home prices increased.

UrbanTurf recently looked through data provided by Bright MLS and found that 24 percent of the 1,700 active listings on the DC market in January were priced above $1 million.

Not only are nearly 1 in 4 homes on the market asking at least $1 million, but the supply of every segment of homes with a seven-figure price tag has risen since last year. Below are the increases that various price points have seen:

• Homes priced from $1 million to $2.5 million -- Up 21%
• Homes priced from $2.5 million to $5 million -- Up 29%
• Homes prices above $5 million -- Up 8%

24% Of Homes On The Market in DC Are Priced Above $1 Million

The share of homes priced above $1 million continues to rise in the city.

dc.urbanturf.com

 

[DC_Dude]

How Fast Are Homes Selling in DC?​

• March 18th

by UrbanTurf Staff

A home in Palisades that is under contract.
As the spring market gets going, UrbanTurf is taking a look around DC to see how long homes are taking to sell in various neighborhoods.

Using median days on market data for advertised subdivisions, we highlighted areas where homes are selling quickly, as well as where listings are taking a bit longer to sell.

Click to enlarge.
American University Park, an upper NW DC neighborhood where homes sell in the blink of an eye, is seeing listings move at the quickest pace, spending just a day on the market. In other neighborhoods, like Shepherd Park along 16th Street as well as Chevy Chase DC, homes are selling in a week or less, on median.

While we are still only a couple months into the year, homes are spending a bit longer on the market in places like Georgetown and Capitol Hill. The median days on market statistic is two to three weeks for these neighborhoods, but that is much lower than at this time last year.

 

[havelcok]

How Fast Are Homes Selling in DC?​

• March 18th

by UrbanTurf Staff

A home in Palisades that is under contract.
As the spring market gets going, UrbanTurf is taking a look around DC to see how long homes are taking to sell in various neighborhoods.

Using median days on market data for advertised subdivisions, we highlighted areas where homes are selling quickly, as well as where listings are taking a bit longer to sell.

Click to enlarge.
American University Park, an upper NW DC neighborhood where homes sell in the blink of an eye, is seeing listings move at the quickest pace, spending just a day on the market. In other neighborhoods, like Shepherd Park along 16th Street as well as Chevy Chase DC, homes are selling in a week or less, on median.

While we are still only a couple months into the year, homes are spending a bit longer on the market in places like Georgetown and Capitol Hill. The median days on market statistic is two to three weeks for these neighborhoods, but that is much lower than at this time last year.

I really like the idea of moving to DC
Get the seasons, homes look beautiful, good transport and access

Just got to do something about the youths causing trouble

 

[DC_Dude]

I really like the idea of moving to DC
Get the seasons, homes look beautiful, good transport and access

Just got to do something about the youths causing trouble

Yup it’s a dope city and the DMV area has a lot of little pockets close to the city that aren’t as expensive.

Yeah a lot of the trouble with the youth is mostly in places east of the Anacostia River. NW and certain parts of NE are nice areas. SW also.

If you can afford it, DC proper is a dope city though.

 

[4 Dimensional]

All this does is make prices go up, which essentially negates the incentive. It’s not a matter of affordability, it’s a matter of availability. Mofos are hoarding houses.

 

[praetor]

All this does is make prices go up, which essentially negates the incentive. It’s not a matter of affordability, it’s a matter of availability. Mofos are hoarding houses.

It's just election year politics. He knows that housing cost are a big factor in how people view the economy. He also knows that congress would never pass it as is, and certainly not before the election. This way he can look like the good guy trying to solve the problem while making republicans look like obstacles to the solution.

The best part of his proposal was to build 2 million more homes. The problem is that that's spread over 10 years.

Like you said, the real issue is supply. We need ~2.5 million more homes. If we increased production by 50%, it would still take 2-3 years before supply could catch up to demand.

We have been under building since the great financial crisis. Since the market was flooded with inventory due to all the foreclosures, housing starts plummeted and never recovered.

 

[4 Dimensional]

It's just election year politics. He knows that housing cost are a big factor in how people view the economy. He also knows that congress would never pass it as is, and certainly not before the election. This way he can look like the good guy trying to solve the problem while making republicans look like obstacles to the solution.

The best part of his proposal was to build 2 million more homes. The problem is that that's spread over 10 years.

Like you said, the real issue is supply. We need ~2.5 million more homes. If we increased production by 50%, it would still take 2-3 years before supply could catch up to demand.

We have been under building since the great financial crisis. Since the market was flooded with inventory due to all the foreclosures, housing starts plummeted and never recovered.

Right.

Offering more money to people in a inflated economy would help anything.

And I agree with the survey. I still renting for 1150, but a mortgage for the same house would cost me double, and the house I want will cost triple.

Im like those people, I don’t want to pay so much monthly mortgage that it feels like I broke again.

 

[DC_Dude]

Right.

Offering more money to people in a inflated economy would help anything.

And I agree with the survey. I still renting for 1150, but a mortgage for the same house would cost me double, and the house I want will cost triple.

Im like those people, I don’t want to pay so much monthly mortgage that it feels like I broke again.

Yeah man I feel you bro. Just keep stacking and when you get ready you can unload with a nice down payment.

Are you in the boro? I was in Raleigh this pass weekend and I feel like they building houses everywhere up there.

 

[4 Dimensional]

Yeah man I feel you bro. Just keep stacking and when you get ready you can unload with a nice down payment.

Are you in the boro? I was in Raleigh this pass weekend and I feel like they building houses everywhere up there.

Yeah, still in the boro. Loan folks are actually using my student loans against me by calculating a payment that I’ve never made.

They automatically calculate a 0.5% payment of the total student loan amount regardless if I have never paid that. That shit had me really annoyed. I told the loan officer they were making things up. I’m going through NCSECU because I’m a state employee and they don’t have mortgage insurance at that bank.

 

[DC_Dude]

Yeah, still in the boro. Loan folks are actually using my student loans against me by calculating a payment that I’ve never made.

They automatically calculate a 0.5% payment of the total student loan amount regardless if I have never paid that. That shit had me really annoyed. I told the loan officer they were making things up. I’m going through NCSECU because I’m a state employee and they don’t have mortgage insurance at that bank.

Yeah I think they reduced it from 1.0% to 0.5% a few months ago with FHA loans......I am assuming that reduces the amount you can borrow? Credit Unions will usually offer the best rates too....

If that's your only debt not sure why that would be a holding factor

 

[4 Dimensional]

Yeah I think they reduced it from 1.0% to 0.5% a few months ago with FHA loans......I am assuming that reduces the amount you can borrow? Credit Unions will usually offer the best rates too....

If that's your only debt not sure why that would be a holding factor

It messes up my debt to income ratio. I keep up with my finances and debt in an excel spreadsheet.

My calculated debt to income was less than 20%, but because I’m 100k in student loan debt that 0.5% calculation makes them come up with a payment of $500 a month. Their debt to income for me calculation was 46%. I told that lady I have never paid that much ever in monthly student loans. At most it was $180 and that was in 2020. Payments have been paused for several years now.

 

[Helico-pterFunk]

What Happens to Harlem When It’s White?

A century after the Renaissance, Harlem as we once knew it is dying a slow, strange death

www.theringer.com

 

[Helico-pterFunk]

Selling Mar-a-Lago is Trump's best hope of meeting $464M bond deadline: real estate expert

Trump’s Mar-a-Lago Florida estate could be the key to him paying the $464 million bond he owes in his New York fraud trial — but he needs to move fast, a real estate expert said Tuesday. Though the former president’s real estate is expansive, he won't have time to sell before the Monday...

www.rawstory.com

 

[Fresh Chalice]

Yup it’s a dope city and the DMV area has a lot of little pockets close to the city that aren’t as expensive.

Yeah a lot of the trouble with the youth is mostly in places east of the Anacostia River. NW and certain parts of NE are nice areas. SW also.

If you can afford it, DC proper is a dope city though.

Lmao. That's all quadrants of DC bruh.