So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
B.C. mortgage broker ran $270-million Ponzi scheme, then fled Canada, bankruptcy trustee says
The trustee appointed to manage the bankruptcies of a Victoria mortgage company and its owner has concluded that they committed "numerous offences" and operated as a "massive Ponzi scheme."
West Vancouver council rejects provincial housing rules
Council voted unanimously to kibosh a rezoning allowing more coach houses and suites on about 200 properties
www.nsnews.com
A new strategy to house homeless people
To clear tent encampments in cities, some leaders urge a focus beyond shelters.
www.vox.com
They bought homes with the intention to refinance. Now they're stuck
Many bought homes in recent years, aiming to lower payments by refinancing once interest rates dropped. With borrowing costs still high, those plans are on hold.
www.latimes.com
I feel lucky as hell every time I enter this thread
It's been on the market for almost 2 years. Lol. It's been pending for over a month.
112 Washington Avenue, Beacon, NY 12508 | Zillow
This 2318 square feet Single Family home has 3 bedrooms and 3 bathrooms. It is located at 112 Washington Avenue, Beacon, NY.
www.zillow.com
Wall St 'Oracle' says tweak to mortgage market will boost economy
A financial analyst nicknamed the 'Oracle or Wall Street' claims $3 trillion could be injected into the economy thanks to a minor tweak of the mortgage market.
Commercial real estate foreclosures jumped 117% in March
Commercial real estate foreclosures are ramping up across the US as soaring interest rates and the slow return of workers to office spaces begin to take their toll.
The 2020s could be the best decade ever for America's housing market
US house price growth since 2020 is already outstripping the gains made in recent decades - thanks to one key factor. But that could change.
Black biologist banned from buying $749K condo by white owner, 84
Dr. Raven Baxter, a molecular biologist was prevented from buying the Virginia Beach condo of her dreams after the white owner, Susan Miller learned that she was black.
Inside Pee Wee Herman's Hollywood hilltop escape
The Hollywood Hills house that belonged to the legendary late actor Paul Reubens is up for grabs.
King Charles 'threatens to sever all ties with Prince Andrew'
Prince Andrew, who no longer has official duties after being forced to quit over the Jeffrey Epstein scandal, shares the 30-room, £30million mansion with his ex-wife Sarah, Duchess of York.
The rise and fall of Canada’s Crypto King
Aiden Pleterski was charged with fraud a couple of weeks ago. On the face of it, it’s a simple charge, but the story behind those charges is one that could only happen in the world of cryptocurrency. Pleterski, a native of Whitby, Ontario, built a reputation as the ‘Crypto King’ and is alleged...
thebigstorypodcast.ca
How An NBA Star And A Crypto King Shook Up Real Estate Law
In an unprecedented case of buyer beware, Oklahoma City point guard Shai Gilgeous-Alexander was able to rescind his purchase of a Burlington home due to security risks caused by the former resident.
storeys.com
Judge rules in favour of NBA star, nullifies purchase of $8M Burlington mansion once occupied by 'crypto king'
A judge has ruled in favour of NBA star Shai Gilgeous-Alexander in his lawsuit against a company that sold him a Burlington mansion previously occupied by self-proclaimed ‘crypto king’ Aiden Pleterski.
NBA star Shai Gilgeous-Alexander wins lawsuit over Burlington ‘crypto king’ mansion
A judge has ordered the sale of the home be reversed, after the Oklahoma Thunder player claimed the mansion was unsafe due to “crypto king” Aiden Pleterski previously living there.
Half-Completed Modus Project In Vancouver Placed Under Receivership
The Modus project in Vancouver by Centred Developments is approximately 43% complete, but has faced cost overruns and insolvency.
storeys.com
Controversial Chinatown Project Heads For The Finish Line, With Help From Legendary Architect
A decade in, the development saga of 105 Keefer, in the heart of Chinatown, will soon enter the phase where the developer can start selling pre-sales, expected this fall. And one of Vancouver’s most famous architects is helping them realize a project that’s been one of the most contentious and...
storeys.com
Court Appoints Receiver Over High Park Church Conversion, Citing $42M Debt
On the southwest corner of High Park Avenue and Annette Street — right on the border between the neighbourhoods of High Park and The Junction — it’s hard to miss the High Park Alhambra Church. For one, it’s a striking structure: more than a century old, built in Collegiate Gothic Revival style...
storeys.com
The Cost Of Not Doing Business: Billions Lost As New Condo Projects Shelved In GTA
On a single job site, Nick Ainis’s construction-management business employs hundreds of sub-contractors. Combined, his army of trades can log upwards of a hundred thousand well-paid hours putting up a mid-sized condo building. But, as developers delay project launches in response to the higher...
storeys.com
City where luxury homes cost LESS than average property nationwide
A charming Midwest city's luxury real estate market is continuing to offer homebuyers brilliant bargains despite soaring property prices around the country.
Toledo Ohio?!!?!?City where luxury homes cost LESS than average property nationwide
A charming Midwest city's luxury real estate market is continuing to offer homebuyers brilliant bargains despite soaring property prices around the country.www.dailymail.co.uk
House prices in these 22 cities could surge the most in the next year
House prices are set to rise an average 1.6 percent across the country over the next year, according to a new report. But some areas will see jumps of up to 6.1 percent.
The race is on for the world's first MILE-high building, book claims
In an extract from his book Cities in the Sky: The Quest to Build the World's Tallest Skyscrapers, Jason M Barr breaks down the future of city skylines across the globe...
Panama prepares to evacuate first island in face of rising sea level
On a tiny island off Panama's Caribbean coast, about 300 families are packing their belongings in preparation for a dramatic change. Generations of Gunas who have grown up on Gardi Sugdub in a life dedicated to the sea and tourism will trade that next week for the mainland’s solid ground.
Buying Baja | Hakai Magazine
On a storied stretch of Mexico’s Baja peninsula, locals fight rich outsiders and rampant development that threaten to transform the coast and dry up aquifers.
hakaimagazine.com
Demolishing the California Dream: How San Francisco Planned Its Own Housing Crisis
With the Cubic Air Ordinance, city leaders laid the groundwork for 150 years of exclusionary zoning or land-use policy designed to protect the status quo, rather than responsibly manage growth.
Every fucking time b! My other crib is at 4% but this here!?!? Sheeeeeit
Exact same rate. I don't even think about my rate anymore I just know these refinancing / home equity rates of 6 to 7 percent that come in the mail are only good for lighting my grill when I BBQ.
Nice!!! Congrats B
Exact same rate. I don't even think about my rate anymore I just know these refinancing / home equity rates of 6 to 7 percent that come in the mail are only good for lighting my grill when I BBQ.
More Canadians are moving to the U.S. Here's one of the main reasons, according to an immigration expert
Recent data from the U.S. census revealed that more than 126,000 people moved from Canada to the U.S. in 2022. An expert said that one of the main reasons for this move is the cost of living.
Motherfuckers turning down money because of skin color?
That’s the weirdest shit I’ve ever read.
This guys a fucking moron. Nobody should buy a home meanwhile investors and millionaires are all buying homes . I bet this faggot owns a house or two while telling others not to own a home. How does this honky think they have so much generational wealth aside from slavery? Home ownership. Ok cac you crackas stop buying homes. Black folks please buy homes if you can
The scary part of videos like this is that people will believe it because he looks like he knows what he's talking about.
The white middle class was built by the government making it easier for them to buy homes while black people were locked out.
When in American history has something bad been reserved for whites only? Lol.
Banks are LOSING money right now.
https://fortune.com/2023/08/30/mort...ing-money-housing-real-estate-interest-rates/
Builders are laughing all the way to the bank.
And homeowners,
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