Mayne, me and the wife re-financed our primary home, and rolled the condo into our new payment. We just did it before all the stupidity happened.
So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Mayne, me and the wife re-financed our primary home, and rolled the condo into our new payment. We just did it before all the stupidity happened.
Asking rent prices up 9.3% across Canada, Ontario sees only decline: report
A new report says the average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January.
My dad's friends (married couple in their 70s) sold this place in 2018 and downsized to a condo.
Dad sent me a few links earlier in the week and I asked about the sales data.
His friends sold it for 1.4 million in 2018 after living there for several decades.
New owners resold it for 2.7 million in March 2023 (so it appears they got over-asking price)
I just checked the BC Assessment website to see the assessed value as of summer 2023 ...
Total value -
$2,481,000
2024 assessment as of July 1, 2023
Land
Buildings
$1,799,000 - land
$682,000 - buildings
Previous year value
Land
Buildings
$2,223,000 - previous year value
$1,533,000 - land
$690,000 - buildings
www.realestatenorthshore.com
www.charliemackenzie.com
Dad sent me a few links earlier in the week and I asked about the sales data.
His friends sold it for 1.4 million in 2018 after living there for several decades.
New owners resold it for 2.7 million in March 2023 (so it appears they got over-asking price)
I just checked the BC Assessment website to see the assessed value as of summer 2023 ...
Total value -
$2,481,000
2024 assessment as of July 1, 2023
Land
Buildings
$1,799,000 - land
$682,000 - buildings
Previous year value
Land
Buildings
$2,223,000 - previous year value
$1,533,000 - land
$690,000 - buildings
305 Sasamat Lane, North Vancouver | SOLD. Price? Contact Us.
305 Sasamat Lane. Sold by Rossetti Realty Ltd. on March 25, 2023 - View photos & property details + Contact Us for the Sale Price.
www.realestatenorthshore.com
305 Sasamat Lane, North Vancouver - SOLD
Listing Info » Type: House, Beds: 2, Baths: 3, Year Built: 1998, Parking: , Taxes: 4,129, Subarea: Woodlands-Sunshine-Cascade, Address: 305 Sasamat Lane, North Vancouver
www.pixilink.com
Blog: 305 SASAMAT LANE, Woodlands-Sunshine-Cascade, North Vancouver, BC
I just finished uploading this House/Single Family for sale, 305 SASAMAT LANE, Woodlands-Sunshine-Cascade, North Vancouver, BCPrivate oceanfront living at it's best, yet only 8 min to schools and shopping at Parkgate! This gorgeous 3 level Lindal home with detached nanny suite (AIRB&B?) is on...
Want to sell your home? Get ready for disappointment.
Gone are the days of throwing up a for-sale sign and waiting for the feeding frenzy to begin. Agents now warn sellers to "buckle up."
www.businessinsider.com
US home prices have soared 47% so far this decade, outpacing all of the growth seen in the 1990s and 2010s
The median US home price was $219,000 at the start of the 2010s, $165,300 at the start of the 2000s, and just $124,800 at the start of the 1990s.
www.businessinsider.com
We moved from a 3-bedroom house in Nashville to a 500-square-foot studio north of Rome. There are downsides, but we love it here.
My husband and I sold our house in Nashville and bought a studio north of Rome that's a fourth of the size. Living here is great with some drawbacks.
www.businessinsider.com
'Seriously underwater' mortgages are on the rise throughout the US, with Southern states seeing the biggest jump
The percentage of seriously underwater mortgages - those with a balance 25% higher than the value of the house - jumped sharply in the South.
www.businessinsider.com
Don't blame Wall Street for jacking up home prices, economist says
"Lawmakers are looking for a new scapegoat to blame for unaffordable housing," Capital Economics said.
www.businessinsider.com
These 15 cities are seeing home prices decline even as affordable properties get harder to find
Home prices rose 5% in early 2024, putting more pressure on buyers with mortgage rates elevated. Here are 15 cities where houses got more affordable.
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3 US cities drawing more millionaires with lower taxes, cheaper homes, and shorter commutes
Scottsdale, Darien, and Palm Beach are set to see a boom in wealthy residents as part of a "millionaire remix," said Henley & Partners.
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I bought an abandoned house and tried to renovate it but failed. I'll never buy another fixer-upper.
Karie Fugett purchased a dilapidated house in Oregon with plans to achieve the American Dream. The pandemic and getting pregnant made it impossible.
www.businessinsider.com
15 big US cities where you can buy a house even if you make less than $100,000
Homebuyers who earn under $100,000 will have better luck in the South and Midwest, where homes are cheaper relative to incomes.
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Blackstone says the real-estate market is bottoming. Here are 7 ways it's getting ahead of the situation.
BI examined Blackstone's real-estate dealings over the last 6 months to determine how it's taking advantage of a potential market bottom.
www.businessinsider.com
These 15 cities offer the best opportunities for first-time homebuyers with median prices under $292,000 and little competition in the market, according to SmartAsset
It's a tough world out there for new homebuyers. But pockets of opportunity exist around the US, a SmartAsset analysis shows.
www.businessinsider.com
A woman was found living in the rooftop sign of a Family Fare grocery store in Michigan and had been there for about a year, police said.
Police in Midland were notified about the woman living in the small space that hosts the supermarket’s sign on April 23 after contractors working on the roof found her there.
The woman had flooring, a computer, a desk, a printer, a Keurig and a pantry of food in the space, which was 10 to 15 feet long, five feet wide and approximately 8 feet tall at its highest point, according to the Midland Police Department.
“We made contact with her and she was advised she was not allowed to live there,” said Brennon Warren, a spokesperson for the Midland Police Department. “She was formally trespassed from the store and was provided with information on services within our area, however, she did not wish for any of those.”
The woman, who police are not identifying, left without incident. Police found that she’d been living in the space for approximately one year, but it’s not clear how she was getting up onto the roof.
She was not formally charged for living in the space, police said.
How Parents Are Helping Their Adult Children Buy Homes Today: 'We Own 25%, Mom and Dad Own 75%'
Turning to Mom and Dad for help buying a home is an age-old practice, but today's high-priced housing market has made it a growing necessity.
www.realtor.com
Slimmed-Down 'Skinny Home' Slips Onto the DC Market for Under $600K
Listed for $581,903, the slimmed-down, newly built home's reimagined design features one bedroom and 1.5 bathrooms.
www.realtor.com
April Real Estate Update: Mortgage Rates Surpass 7% Just in Time for the Busiest Home Shopping Season of the Year
And they're likely continue higher before stabilizing, says Realtor.com® Chief Economist Danielle Hale. Watch to learn more about what's going on the housing market right now.
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Veteran Home Buying | Veterans Guide to Homeownership | realtor.com®
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You could qualify for certain tax deductions as a renter but only in certain instances. A certified public accountant explains the specifics.
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Where the Richest of the Rich Live: The 10 Most Expensive ZIP Codes for Homebuyers (and the Top Listing in Each)
Using Realtor.com listing data, we've compiled the 10 most expensive ZIP codes in the country for homebuyers.
www.realtor.com
Home Prices Are Down Nationwide—but Still Rising Fast in These Shockingly Hot Markets
While home prices in much of the U.S. have finally leveled off or even dipped a bit compared with last year, certain areas are bucking that trend with rising real estate costs that just won't quit.
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Apartments Offering Move-In Specials: How To Find Them To Save on Rent
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Philadelphia 76ers forward Tobias Harris and his brother are bringing affordable housing to Los Angeles
Philadelphia 76ers forward Tobias Harris and his brother and former G League forward Terry Harris never got to play with or against each other in the NBA. But t…
andscape.com
'Decline in completions': Vancouver misses housing targets ordered by B.C.
Vancouver is one of 10 communities tapped to meet housing targets set by the province and was required to report progress after six months
'Fractional home ownership' wants to fix real estate's woes. Could it work?
High home prices, mortgage rates above 7%, and low inventory are squeezing the housing market
qz.com
Renters have never been so pessimistic about the possibility of owning a home
High home prices and mortgage rates, paired with low inventory, have given renters a gloomy outlook on the housing market
qz.com
The 10 best cities to rent for recent college graduates
Factors include affordable rents, available places to rent, and the job market
qz.com
These 10 cities have the biggest gaps between rents and wages
Rent is going up a lot in the U.S. Wages are rising — but not as quickly
qz.com
Mortgage rates are rising again as inflation fears mount
The average rate on the 30-year fixed mortgage hit a 2024 high this week
qz.com
Dallas residents opposed to city's housing development plan proposal
The plan is called "Forward Dallas" and includes a provision that would allow multiplexes to be built on single-family lots. There are some homeowners who aren't happy about it.
Philadelphia 76ers forward Tobias Harris and his brother are bringing affordable housing to Los Angeles
Philadelphia 76ers forward Tobias Harris and his brother and former G League forward Terry Harris never got to play with or against each other in the NBA. But t…
Philadelphia 76ers forward, HBCU brother changing Los Angeles
Tobias and Terry Harris are bringing 270 affordable housing units to LA. Their goal is 1,000 units by year-end.
hbcugameday.com
Tobias Harris and his brother Terry are bringing new affordable housing to L.A.
Tobias Harris has done a lot for the community since joining the Sixers, and now he’s teaming up with his brother Terry for a brilliant project to bring more affordable housing to Los Angeles.
www.libertyballers.com
Russell Westbrook Says He'll Build 180 Affordable Housing Units In South Central LA
Russell Westbrook has been in his hometown of Los Angeles since 2021 and has been trying to give back to the community he emerged from. His latest effort on that front is arguably the biggest one yet, promising to build 180 affordable housing units in South Central LA to be a community business...
www.yardbarker.com
Salt Lake City legalizes 4-plexes in all residential areas, ending single-family-only zoning citywide - Building Salt Lake
It’s perhaps the biggest piece of pro-housing policy change in the city ever.
buildingsaltlake.com
Russell Westbrook invests in South LA community redevelopment project
Russell Westbrook announced a big assist on social media and said he has invested in a development connected to an affordable housing project in South LA.
BRIDGE Housing Clarifies Statement by Russell Westbrook on Evermont Project in South Los Angeles - BRIDGE Housing
LOS ANGELES, Calif. (Feb. 29, 2024) —BRIDGE Housing appreciates Russell Westbrook’s involvement in the new Evermont mixed-use project under development at Vermont and Manchester in South Los Angeles. To clarify comments posted online, Westbrook is not part of the housing portion of the...
bridgehousing.com
Former Bruin Russell Westbrook invests in Los Angeles community
A former UCLA Bruin made a big play off the court this week. In an Instagram post, the current Los Angeles Clipper and City of Angels native Russell Westbrook announced that he is investing in his community. Reportedly building 180 affordable housing units in South…
uclawire.usatoday.com
B.C. condo owner ordered to stop listing unit on Airbnb, fined $2K
A condo owner in B.C. has been ordered to stop using her unit as a short-term rental and will have to pay $2,000 in fines for renting it out on Airbnb and Craigslist in the past.
Major civic project funding on the line as Burnaby saw $175M shortfall in developer money last year
Burnaby expected to get $237M from developers last year to pay for its major redevelopment projects in years to come. It came $175M short.
www.westerninvestor.com
I've been saying this for awhile...Downtown BMORE is on the come up.....
An Illustrated Guide to the Insane Housing Boom in Washington, D.C.
A new report covers the meteoric growth of the city's real estate market.
A young man walks past new construction in D.C.'s 7th Street NW corridor.Reuters
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By John Metcalfe
October 7, 2014 at 9:10 AM EDT
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It was as recently as the late 1990s when you could snag a single-family home in Washington, D.C., for under $200,000. Today, that fact seems inconceivable or even laughable, given the city's population boom and meteoric rise in real-estate costs.
The story of the U.S. capital's journey to housing affordability insanity is told in a new interactive essay by the Urban Institute, "Washington, D.C.: Our Changing City." The report features well-crafted visualizations that illustrate the city's massive changes, which have had locals alternately fretting over rising income inequality and building weird, towering "pop-up" rowhouses to exploit the rental market. Summarizes the institute:
Let's take a quick look at a couple of the report's more startling visualizations. Below is a graph tracking how the median prices of single-family homes have climbed and climbed ever since the D.C. population began swelling around 2000. Note how homes in tony Ward 2 now approach $1.3 million, up from about $550,000 in 1999, and how in places like Ward 6, prices have more than tripled since the late '90s:
The city's real-estate juggernaut is riding on such explosive fuel that it plowed through the recent recession with barely a scratch. "The D.C. housing market is so hot that during the housing crisis, prices didn't fall," writes the institute. "They just stabilized. It bucked the national trend."
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Meanwhile, the number of rental properties has risen—but generally speaking, there are more rental units today for high-income households and less for middle-to-low-income earners. Posh properties demanding rents above $1,000 almost doubled from 2005 to 2012; meanwhile, there's a scant 34,000 units asking below $800 a month compared to more than 65,000 such units in 2005:
A legion of new properties are rising across the city—probable living quarters for Millennials, who are occupying an ever-larger chunk of the local population. As to where these buildings are sprouting, have a look at this animation of more than a decade of real-estate developments. "From 2002 to 2013, approximately 600 condo developments, 4,000 single family homes, and 680 rental apartment buildings have been built or converted from vacant or nonresidential properties," writes the institute. "And, according to the Washington, DC Economic Partnership, about 9,700 rental units were under construction in 2012 and nearly 18,500 units were in the pipeline."
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