So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Exclusive: 'Serious safety risk': Work halted on several Vancouver multiplex projects built too close to power lines
Dan Fumano: Vancouver's highly touted multiplex zoning aims to pack more homes onto residential lots, but at least nine projects under construction have been hit with stop-work orders after the city determined they were too close to high-voltage overhead power lines.
Exclusive: 'Serious safety risk': Work halted on several Vancouver multiplex projects built too close to power lines
Vancouver halted work on at least nine projects after it was determined they were being built too close to high-voltage power lines
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Christian Bale's on a mission to keep foster siblings together. For him, it's the role of a lifetime.
After 17 years, Oscar-winning actor Christian Bale's vision to keep foster siblings together is coming to life in California.
www.cbsnews.com
Our Village | Together California
Department of Children and Family Services staff, along with community leadership, are coming together to make a difference in foster care.
togethercalifornia.org
What’s the catch because he could have taken out a home line of credit and paid that shit off
He didn't know he had an outstanding bill, he only owed 5k,if he knew he woulda paid it.
How the fuck can a company buy a debt from a water company and have the right to sell “YOUR HOUSE”
That has got to be illegal, shouldn't it be sold to a debt collection agency who then Has to get a judgement against you. Even after all of that they would garnish wages or seize bank accounts. This is some bullshit, got me heated. If he had a mortgage the bank woulda had to pay the bill and charge him for it
No way would this happen to me. I’d sue the fuck out them. You can’t gotcha me and force me to sell my house like this. I’d need to know more because it can’t be this easy to kick a person out
I agree, shit is bizarre
Bought for $690K in 1996, a Surrey property is now worth $25 million and at the centre of a court case
In 1996, Harjinder Cheema purchased a 4.3-acre property on 152 Street in Surrey. He paid $690,000 for the site, which included a modest, one-storey home with a finished basement, and was zoned for agricultural use.
Rental deposit scams in Richmond
Police in Richmond are warning the public to be on alert for rental deposit scams.
The big buydown bet
Mortgage rate buydowns have become a mousetrap for homebuyers.
www.businessinsider.com
Las Vegas Flooded With Homes Nobody Want to Buy
Las Vegas is now the fastest cooling housing market in the country, as the supply of for-sale homes grows in the face of dwindling demand from both investors and everyday buyers, including retirees fleeing the city.
By Giulia Carbonaro
August 25, 2025
www.newsweek.com
Las Vegas is now the fastest cooling housing market in the country, as the supply of for-sale homes grows in the face of dwindling demand from both investors and everyday buyers, including retirees fleeing the city.
By Giulia Carbonaro
August 25, 2025
Las Vegas flooded with homes nobody want to buy
Las Vegas is the fastest cooling housing market in the country, as sales plunge following a recent inventory glut and tourist slump.
www.newsweek.com
All those idiots who tell people to move for cheaper housing. “Just move to Vegas or Kansas if you want a huge cheap house”. Guess what those places suck and there’s a reason California , Toronto, Vancouver, NY etc is expensive. There’s more to life than living in a shitty ass area with a gigantic nice cheap house. I will live in a Decent Small house and fix it up before I move to a shit zone for a big sprawling house. I don’t need 3000 sq ft it’s not necessaryLas Vegas Flooded With Homes Nobody Want to Buy
Las Vegas is now the fastest cooling housing market in the country, as the supply of for-sale homes grows in the face of dwindling demand from both investors and everyday buyers, including retirees fleeing the city.
By Giulia Carbonaro
August 25, 2025
Las Vegas flooded with homes nobody want to buy
Las Vegas is the fastest cooling housing market in the country, as sales plunge following a recent inventory glut and tourist slump.
B.C. real estate agent loses licence over failure to report conviction for soliciting sexual services
A B.C. real estate agent who failed to notify the provincial regulator that he had been charged with – and later that he had been convicted of – soliciting sexual services has had his licence cancelled.
B.C. real estate agent fined $20K after buyer learns home on Indigenous site
A Vancouver Island real estate agent will pay a $20,000 penalty for misconduct after failing to investigate if an oceanfront home was on an Indigenous archaeological site.
Adjustable rate mortgages are already ~5.75% and if/when the Fed cuts 25bps in September, they’ll hit 5.5%. We know from surveying owners & renters for several years this is the ‘magic mortgage rate’ to get people off the fence, especially those locked in at legacy low rates. I’ve been talking this SOFR/ARM rate setup through w/clients the last month, which Rob summarizes in this excerpt @rbrtrmstrng.
Assuming the yield curve continues steepening and 10-year rates (thus 30-yr mortgage) stays elevated as Fed cuts (our base case scenario), you could see ARMs at closer to 5%-5.25% by end of 2025 but 30-year mortgage stubbornly sticky at 6%+.
That wide of a spread b/w ARMs and 30-year mortgage will get some folks off the sidelines, and I anticipate the share of ARMs overall crossing above double-digits.
Also, ARMs aren’t underwritten like the subprime ‘fog a mirror, get a loan days’, and credit quality is much better following Dodd-Frank. Most ARMs are also 7-year fixed period, which doesn’t require being underwritten at an indexed + spread reset rate, so easier to qualify on. Homebuilders like ARMs too since it’s cheaper to buy the rate down vs. doing so on full term of 30-year fixed mortgage.
Lastly, first-time homebuyers today in their early to mid-30s were in high school when ARMs wreaked havoc on the economy and housing market. The scars many of us in the industry since then carry with us weigh less heavily on the ARM vs 30-year mortgage decision.
Bottom line: ARMs are coming back as the Fed cuts and housing will benefit (at least in the near term). Some upside momentum to what has been a rough year so far for homebuilders and the resale market.
The condo market is struggling. Are they still a good retirement plan? - National | Globalnews.ca
Condos were once considered a safe investment for people planning their retirement, but Canadians are increasingly wary of investing in condos.
globalnews.ca
Anericans Leaving The City For Homestead Living
August 2025
They Left the Suburbs To Living On A Homestead Tour In the Desertt. Join us on this incredible homestead tour in the Arizona Desert where a family that once resided in the suburbs now lives on a tiny 1.3 Acre homestead
For The Militants, Video Depicts A Interracial BBM/WW couple
August 2025
They Left the Suburbs To Living On A Homestead Tour In the Desertt. Join us on this incredible homestead tour in the Arizona Desert where a family that once resided in the suburbs now lives on a tiny 1.3 Acre homestead
For The Militants, Video Depicts A Interracial BBM/WW couple
Seller beware: Homebuyers are canceling more real estate deals than ever
Homebuyers are pulling out of purchases at a record rate, wary of homeownership costs and mortgage rates. But the cold feet won't last forever.
www.businessinsider.com
US HOUSING MARKET REACHES RECORD $55.1 TRILLION
The U.S. housing market is worth a record $55.1 trillion, up $20 trillion since 2020. Housing gained $862 billion in the past year.
Seven states saw their housing markets lose value over the past year, with the biggest drops in Florida (-$109 billion), California (-$106 billion) and Texas (-$32 billion). About one-quarter of the gains nationwide came from New York, which added $216 billion.
Another condo owner falls victim to Airbnb scheme
A second Vancouver condo owner is speaking out about a scheme in which long-term tenants secretly list their units on Airbnb.
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