Home Prices what the hell is going on?

Zstar

Veteran Member
Mar 23, 2014
3,159
Ocala, Florida
Hang on until October. Many smarter people than me in the finance world and real estate world think the next crash, downturn or whatever will happen in October 2022.
Property is full crazy also!
And why are they building everywhere here in texas. Enough already.
We’re full!
Florida is right behind you.
 

Fbird

Veteran Member
Lifetime Gold Member
Feb 12, 2011
6,502
atlanta, ga
well with the new "zero down" mortgages coming back to market....it will take a few yrs before chit hits the fan...but it will be another serious drop
 

76z28

Veteran Member
Jun 29, 2009
2,725
bakersfield
well with the new "zero down" mortgages coming back to market....it will take a few yrs before chit hits the fan...but it will be another serious drop
I saw that.. seriously one of the dumbest things I have ever read about.

What do the people buying those houses have to lose if they don't put any money down? They don't have any skin the game.. ESPECIALLY in the neighborhoods it's available in.
 

Jimmac

Veteran Member
Dec 24, 2013
872
tucson az
well b of a originates the loans, sells them to Fannie Mae, govt foreclosed when they don't get paid. investors buy the property pennies on the dollar. jim
 

danbrennan

Veteran Member
Lifetime Gold Member
Mar 13, 1999
5,072
Brighton, MI
Just a quick look at Zillow, it looks like the Canadian houses are priced much higher than equivalent houses in SE Michigan. Although the ones closer to the Detroit River(e.g. Windsor) seem less than the ones near London or Toronto. I wonder why Ontario homes seem to be so much more? Interesting. Converting from Canadian dollars to US dollars brings them down some, but not that much. Of course, Michigan's population has been pretty flat since the turn of the century. Ontario's population has increased by almost 25% over the same time.
 

Patstuff28

Veteran Member
Aug 23, 2020
765
Part of the reason that Ontario homes are so expensive, is the law of supply and demand. Toronto is one of the most diverse multicultural cities in the world. When new immigrants come to Canada they want to live in the Greater Toronto Area, to be close to their relatives, temples, mosques and/or culture. There is very little land left to build new homes within a reasonable commute to any industry or businesses. The government offers little to zero incentives to settle in any other of the provinces or territories.
 

danbrennan

Veteran Member
Lifetime Gold Member
Mar 13, 1999
5,072
Brighton, MI
If we sold our house, we could actually afford this island home in Ontario,


1664138781254.png


Not too far north of where we currently live. I kind of always wanted my own island!
 

Da-bigguy

Veteran Member
Lifetime Gold Member
Jan 19, 2010
6,278
Cypress, TX
If we sold our house, we could actually afford this island home in Ontario,


View attachment 148137

Not too far north of where we currently live. I kind of always wanted my own island!
Holy Carp!! If I win the lottery, I'm buying that ASAFP!!!! That looks gorgeous!!
 




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