So when’s the housing bubble bursting?

[Helico-pterFunk]

Shit...Decatur been had million dollar + houses. But here's the thing people dont get. People are paying 7 figures not just for the house, but the school district. If you have 2, 3, 4 kids, buying a house with multiple bedrooms thats in a good district is much cheaper than private school...and tax deductible and you build equity.

Agreed. A lot of the importance falls back on location.

Schools, shopping districts, parks, accessibility to get around on foot, etc. Being able to run your errands and not always need a car to do so.

The expansion of transit availability is a big one too. Extensions to metro or rapid transit (locally the skytrain) helps boost property values considerably. They were talking about that quite a bit when I was buying in 2009. That was up and running by late-2016 and boosted the appeal for a number of neighboring cities those years to follow. More building projects, more housing coming in, and added assessed value to existing places.

Evergreen Extension - Wikipedia

en.wikipedia.org

 

[thismybgolname]

That's the dilemma. You're working so much to maintain the place that you can't really enjoy it. Having to remind yourself it's for the long-term investment.

It's a bit easier when you're younger and saving for a place. When you're working like crazy - lots of money is coming in (and you don't have time to spend it - just save it for the downpayment and eventual mortgage). As you get a bit older it's tougher to keep up the 2 - 2.5 jobs challenge. Wears you out.

Does she enjoy her jobs / pay pretty well?

One job gives her a lot of freedom and the 2nd job she hates.

If I had to guess she probably makes around 150 maybe 180 at most and that is being real generous.

She also is a big spender, she got a trip to Dubai coming up and she just got back from an island.

I don't even want to know how bad her financials are because she has very expensive habbits.

 

[Helico-pterFunk]

One job gives her a lot of freedom and the 2nd job she hates.

If I had to guess she probably makes around 150 maybe 180 at most and that is being real generous.

She also is a big spender, she got a trip to Dubai coming up and she just got back from an island.

I don't even want to know how bad her financials are because she has very expensive habbits.

Interesting. Sounds like she's making good money, but has plenty of expenses in play to upkeep with her property & lifestyle.

 

[Day_Carver]

Shit...Decatur been had million dollar + houses. But here's the thing people dont get. People are paying 7 figures not just for the house, but the school district. If you have 2, 3, 4 kids, buying a house with multiple bedrooms thats in a good district is much cheaper than private school...and tax deductible and you build equity.

That's the main thing bro! You hit it on the head. All the good communities are good because of the schools associated with that community. Shit is still overpriced and ridiculous though...

 

[blackbull1970]

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In this video we wanted to show you a super, stealthy box truck conversion that we finished for our client.

Our client wanted to leave it completely stealthy on the outside, so as he is sleeping in a busy city or side street, people wouldn’t notice a thing.

Custom Built Van & School Bus Conversions | Epic Skoolies

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[blackbull1970]

Ocala Woman Says She Was Bombarded By People Wanting To Rent Her Home

 

[praetor]

 

[havelcok]

I guess this is the signal everyone is waiting for

 

[Dr. Truth]

I wish my payments were that low lol

 

[blackbull1970]

New Yorkers Face Record High Rents
August 12, 2022

 

[blackbull1970]

Big Rent Increase Hits California Tenants
August 4, 2022

 

[ArsenalCannon357]

yup my cousin is paying $1900 a month

 

[Day_Carver]

yup my cousin is paying $1900 a month

For a home? What's the square footage?

 

[blackbull1970]

FedEx Truck Converted To A Tiny Home

Watch this video in full. You gonna go “WOW” when he shows what is in it.

This is what I was pointing out earlier.

You gotta think outside the box with this current home market.

He brings in a lot of good points on this type of living.

 

[ArsenalCannon357]

For a home? What's the square footage?

not sure offhand but I can tell you it is damn sure not worth that monthly payment

 

[praetor]

 

[Dr. Truth]

God damn WTF

 

[praetor]

I guess this is the signal everyone is waiting for

 

[praetor]

 

[Da Backshot Champ]

It's not just NY, DC or LA. This market is crazy. We got old townhouses in Cary, NC a suburbs Of Raleigh that has townhouses going for 1 million.

https://www.realtor.com/realestateandhomes-detail/747-Crabtree-Crossing-Pkwy_Cary_NC_27513_M68051-63391?ex=2943287225

I have friends that moved to Wake Forest town/city in 2019 and paid 450k. They said all their neighbors are paying 650k for the same house, although new construction.

 

[Da Backshot Champ]

a row house. you could have bought this for less than $500k 20 years ago
https://jennsmira.com/listing/927-n-street-nw/

Sheesh, I lived at 4th and NJ Ave. in '98 and houses around there were going for about 80k if that. I had to get the fuck on from there and moved to LA, but I wasn't ready for a crib at that time anyway.

 

[jagu]

I got a home in Smyrna Vinings area. Like maybe half acre. Fools trying to charge me 100 just for front yard. I was like you got me fucked up. Went to another lawn service he was 120 for front and back; but wanted me to agree to every 2 weeks and sign a 6 month contract. And then said we'll bushes and tree trimmings well that's gonna be 450 to start. I looked at him like and said you can take your services somewhere else...

Shit is ridiculous, man. The cleaners want $250 per visit. It used to be $75 at my former home.

 

[DC_Dude]

 

[Don Coreleone]

My job will probably go to remote in October and I am trying to decide how long I should wait to buy a house. Should I rent an apartment and wait to see what the market does or move and just move and buy a house.

 

[jagu]

Wait

My job will probably go to remote in October and I am trying to decide how long I should wait to buy a house. Should I rent an apartment and wait to see what the market does or move and just move and buy a house.

Wait because interest rates are high now snd prices are still high. When prices go down beyond 15 percent then make your move.

 

[praetor]

 

[praetor]

 

[fourthstbully]

shit, i live one block over and paid a little more than that in '01.

Sheesh, I lived at 4th and NJ Ave. in '98 and houses around there were going for about 80k if that. I had to get the fuck on from there and moved to LA, but I wasn't ready for a crib at that time anyway.

 

[Helico-pterFunk]

Abbotsford, B.C., property assessment increases nearly 12-fold because blueberries weren't planted in time

A recent decision by B.C.'s Property Assessment Appeal Board explains how the assessed value of a 9.5-acre parcel in rural Abbotsford increased nearly 1,200 per cent in a year.

bc.ctvnews.ca

 

[blackbull1970]

SOLD: The Land Under Mobile Homes


Even though mobile homes are one of the most affordable options in Colorado, it’s coming at a high cost. The land from underneath some homes is getting sold, pricing people out and forcing them to leave.

Rocky Mountain PBS investigates the sale of three different parks, the impacts of the people who live there and the options people have to own both the home and land underneath them.

 

[thismybgolname]

 

[praetor]

 

[praetor]

 

[Coldchi]

With the fed hiking the interest rate yet again......this will cause significant unemployment.
Look for more evictions and repos to happen.

 

[4 Dimensional]

My real estate agent has created a mailing list for reducing house prices because it’s happen so often.

Still, the homes are over priced and this interest rate hike is still keeping payments high as fuck. So it’s almost like nothing has really changed price-wise.