So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
He is saying try and buy a property from a private person who owns the property. Therefore not using a traditional FHA or Conventional loan. My grandparents house they bought back in the 40s was financed through the local lumber yard. Non traditional financing which was common back then.
Over here they instituted an empty homes tax. They were getting tired of foreign investors buying up properties and leaving many unoccupied.
That’s a great idea. Make ‘em pay up for not occupying.
It was getting wild with people paying overasking. Heard some people locally say they lost out on condos and townhomes as they had no interest in paying $50 - 75k over on something already too costly, but the next person quickly would.
Agreed. Something / anything to frustrate or deter people from buying up stuff they weren’t actively planning on renting out.
I was going to transfer a care credit balance to a 0% interest card that my wife and I share, but her utilization is right at 30%, so it would mess her up if I did that. So I’m just going to eat the interest and pay it off faster. I don’t want her credit to take a hit while she is digger herself out a hole.
I got this $1400 car payment I got to eat today.catalytic converter and O2 censors.
Are there any issues with catalytic converter thefts in your area? It has been a big issue in our province for 1 - 2 yrs. plenty of news stories. My dad knows 3 people personally that lost theirs. 1 from a truck and 2 from
minivans.
Yeah, that’s an issue here, but depends on where you’re at. If you in the city or dense area then the theft is higher than others. I haven’t had any issues, but I did here the news talking about it.
So true. My dad’s gf had a late-2019 flood from a rainstorm. Carport into the basement. She put the whole restoration cost on her CC. Paid it off quickly. No questions asked they bumped her to a premium
CC with 3x the points earning thinking she was a high roller. She is not. She’s an average woman in her 70s who works 2 days a week at her nephew’s company as it pays well and she has great benefits. They sent her other promo offers too. She joked and said “they will eventually notice I am far from a big spender, haha”
It was crazy. I sold my old home over asking price Just two months ago. I don’t think I would have done that today. It sold in 10 hours of listing it.
Congrats.
Was it also smooth process on the real estate search to buy afterward, and/or had you already been looking for awhile?
Actually I bought a piece of land and built my custom home on it. I wanted to live in a particular part of town and I spent 3 years looking for land. I finally found an old house/land out of an estate and I bought it privately in 2019. I built it during the pandemic and it was quite easy then.Congrats.
Was it also smooth process on the real estate search to buy afterward, and/or had you already been looking for awhile?
Stuff in my area that’s not upper mid to top tier is sitting for a few weeks now and price cuts are happening weekly. Some of these places would have sold in 2-3 days at greater than 15%-25% over asking as recently as February.
Fortunately, sold my mid tier starter home back in late fall 2021 in 3 days for way more than I would have ever paid for it, and I was already in the new spot at 2.97% interest on a 30 year note.To get the same mortgage payment per month on my new crib at today’s rate, I’d have to get over $150k LESS house.
Fortunately, sold my mid tier starter home back in late fall 2021 in 3 days for way more than I would have ever paid for it, and I was already in the new spot at 2.97% interest on a 30 year note.To get the same mortgage payment per month on my new crib at today’s rate, I’d have to get over $150k LESS house.
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John Oliver Tonight
Rent
decider.com
Oliver explained, “if you are wondering why your rent is going up, it may well be because your landlord sees the current affordable housing crisis as a chance to reset market rates. In a lot of the country, there are very few legal constraints to stop them from doing that.”
Rent
John Oliver Rips Landlords for Making Rent Unaffordable: “Housing Is a Human Right”
Oliver dedicated Last Week Tonight to the nation-wide rent spike, which he said is pricing people out of their homes.
decider.com
Oliver explained, “if you are wondering why your rent is going up, it may well be because your landlord sees the current affordable housing crisis as a chance to reset market rates. In a lot of the country, there are very few legal constraints to stop them from doing that.”
John Oliver Tonight
Rent
John Oliver Rips Landlords for Making Rent Unaffordable: “Housing Is a Human Right”
Oliver dedicated Last Week Tonight to the nation-wide rent spike, which he said is pricing people out of their homes.
Oliver explained, “if you are wondering why your rent is going up, it may well be because your landlord sees the current affordable housing crisis as a chance to reset market rates. In a lot of the country, there are very few legal constraints to stop them from doing that.”
Corporate landlords are mainly the ones at fault. I know several people who rent from apartment complexes and their renewals have went up over 60% in some cases.
Most private landlords like myself aren't jacking up rents that high. But with that said, private landlords are forced to go with the market as well because of higher expenses. Insurance, property taxes, hoa's have all shot up. Don't forget the elephant in the room which is inflation. When a landlord has to call a plumber or any repair man, their services and parts got more expensive than in the past.
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John Oliver Tonight
Rent
John Oliver Rips Landlords for Making Rent Unaffordable: “Housing Is a Human Right”
Oliver dedicated Last Week Tonight to the nation-wide rent spike, which he said is pricing people out of their homes.
Oliver explained, “if you are wondering why your rent is going up, it may well be because your landlord sees the current affordable housing crisis as a chance to reset market rates. In a lot of the country, there are very few legal constraints to stop them from doing that.”
No, home values go up so does property tax and the owners need to make up the difference. My crib is worth 250k more than it was this time last year. My property tax went up . If I were renting best believe the tenants are going to get an increase.
Dont go looking down on RV’s.
I made a post earlier in this thread on RV’s stating those things are selling like hotcakes. And it’s White folks buying them things.
The small ones can easily be pulled with a basic SUV/Light Pickup like a Ford Explorer or Ranger.
Larger models can be pulled by a full size pickup like a Ford 150.
The big 5th wheel models needs a heavy duty like a Ford SuperDuty F250 or larger.
And the units that are self contained that you can drive are hot also.
All those units have bathrooms with water tanks/septic tanks that can be emptied and reloaded at local truck stops, selected gas stations/highway rest areas and other places.
If you are in a stationary area for a extended period of time, you can get one of those Porta Potty companies to come out and clean out your waste tank and refill it with the blue fluid. Or just park at a RV park with hookups for water/waste.
These newer units look better than some apartments and homes on the market.
I been thinking of getting one of these mofos myself.
Put Solar Panels on that beast and you set for life.
Got dayum! $250k in one year?!?
That’s the Bay Area for you
This Vancouver den for rent is so small the door won't close. It's also completely legal.
It's not unusual for prospective renters searching out affordable options in Vancouver to come across listings where someone in search of a roommate has crammed a single bed into a windowless, downtown den. But are these arrangements legal?
@blackbull1970
Good info on the deluxe RVs, etc.
When I was mentioning the trailers, I was thinking about the small ones that people used to take camping in the 80s and 90s. I.e. - nothing fancy. Mostly just a place to crash. People are renting out some of those in their driveways, it’s wild. The ones that are decades outdated.
Good info on the deluxe RVs, etc.
When I was mentioning the trailers, I was thinking about the small ones that people used to take camping in the 80s and 90s. I.e. - nothing fancy. Mostly just a place to crash. People are renting out some of those in their driveways, it’s wild. The ones that are decades outdated.
Those huge ones are like rolling houses. Can’t lie. I want one for myself.
Edit. Man look at these Mfs
Not a care in the world huh? Fuck y’all
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Agreed - the huge ones are baller as fuck. Like a travelling home. All the amenities.
There’s sudden real estate inventory amid rising interest rates in the Las Vegas Valley
From waitlists to bidding wars, the hot housing market is seeing a cooling trend after a sudden rise in interest rates.
www.fox5vegas.com
From waitlists to bidding wars, the hot housing market is seeing a cooling trend after a sudden rise in interest rates.
There’s sudden real estate inventory amid rising interest rates in the Las Vegas Valley
From waitlists to bidding wars, the hot housing market is seeing a cooling trend after a sudden rise in interest rates.
There’s sudden real estate inventory amid rising interest rates in the Las Vegas Valley
From waitlists to bidding wars, the hot housing market is seeing a cooling trend after a sudden rise in interest rates.
There’s sudden real estate inventory amid rising interest rates in the Las Vegas Valley
From waitlists to bidding wars, the hot housing market is seeing a cooling trend after a sudden rise in interest rates.
Nobody paying all that to live in Vegas with them outrageous property taxes
Vancouver surpassed by Toronto as most expensive city in Canada: survey
Vancouver is no longer the most expensive city in Canada, according to the 2022 Mercer Cost of Living survey.
Don’t you have to refinance if you borrow against your house? I’m not 100% familiar with how equity work.
..Or equity loans or lines of credit.