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14 votes
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State Farm shedding 72,000 home insurance policies in California
29 votes -
Borders book store | Bankrupt
9 votes -
Jared Kushner says Gaza’s ‘waterfront property could be very valuable’
27 votes -
Why small developers are getting squeezed out of the housing market
18 votes -
London's BT Tower to be turned into a hotel after £275m sale
10 votes -
Bad property debt exceeds reserves at largest US banks
23 votes -
UBC student flies to school from Calgary (because Vancouver is that unaffordable to live in)
31 votes -
Court orders China Evergrande property developer to liquidate after it failed to reach debt deal
23 votes -
Palm Springs capped Airbnb rentals. Now some home prices are in free-fall.
49 votes -
The farmers had what the billionaires wanted
23 votes -
Notes on the Ivory Coast
6 votes -
German right wing extremists strategically purchase rural land
23 votes -
With offices sitting empty, US landlords are ‘handing back the keys’
18 votes -
Greyhound bus stops are valuable US assets. Here’s who’s cashing in on them.
13 votes -
US real estate agents compensation challenged in suit from Joe Biden Department of Justice
12 votes -
The future of the office is cozy
20 votes -
Joe Biden administration offers $35 billion in low-interest loans to support US transit-oriented development
24 votes -
NYC homeowner costs are rising at three times the inflation rate
20 votes -
It’s official: The era of China’s global dominance is over
22 votes -
Poland cuts tax for first-time homebuyers and raises it for those buying multiple properties
29 votes -
The Silicon Valley elite who want to build a city from scratch
36 votes -
China's property crisis deepens with developer Country Garden at risk of default
13 votes -
The war on remote work has nothing to do with productivity - the goal is avoiding a commercial real estate crash
132 votes -
One in five Texans lives in a floodplain, state’s first-ever analysis shows
17 votes -
Portugal’s bid to attract foreign money backfires as rental market goes ‘crazy’
45 votes -
San Francisco’s downtown becomes a wake-up call for other cities in the US
60 votes -
Remote work to wipe out $800 billion from office values, McKinsey says
84 votes -
Tides, State Street, GVA Investments, Rise 48, ZMR Capital and Nitya Capital facing problems with real estate investments
4 votes -
The delinquency rate of US Commercial Mortgage-Backed Securities (CMBS) backed by office properties jumped to 4.5% by loan balance in June
22 votes -
People looking to be first time homeowners soon, what's your plan?
I'm a young single adult with a fairly well paying remote job. I've been in my career for almost 4 years now and have saved up a decent chunk of money through investing and saving. My game plan...
I'm a young single adult with a fairly well paying remote job. I've been in my career for almost 4 years now and have saved up a decent chunk of money through investing and saving.
My game plan was to use the "market crash" that everyone was predicting in 2023 to try and make a stab at purchasing a home. When the interest rates spiked I thought it was a great sign for me because I thought for sure that housing prices would fall accordingly, jokes on me though because several months later homes in my area have barely gone down in price at all and even closer to town in nicer areas prices continue to climb.
Not only that but the only real thing the rate hikes have done for me personally is make what was looking like a modest mortgage payment suddenly become far less affordable, even with my very low personal spending.
Is anyone else in a similar situation? Are we doomed to rent forever? Should I move out to the boonies where it seems like that's the only place left with non-insane housing prices?
I look at Zillow and houses in my area that sold for 200k~ less than 5 years ago are now on the market for 400k-500k. It feels like anyone who didn't get in back then is just completely screwed
/rant
34 votes -
US rent going up? One company’s algorithm could be why.
47 votes -
Who here is a homeowner?
After my lease is up in my current apartment, I am hoping to purchase a home somewhere in the US and am just now in the beginning stages. I'm not too far into my search but am generally looking...
After my lease is up in my current apartment, I am hoping to purchase a home somewhere in the US and am just now in the beginning stages. I'm not too far into my search but am generally looking for 2-3 bedroom with 1.5 bath, a basement, and a decent backyard. My budget is <$250k and I am looking at east Tennessee, North Carolina, Virginia, and maybe Michigan. Fortunately, I work from home and am not terribly dependent on being near a job, but unfortunately it seems like all houses have exploded in price the past 3 years in pretty much every area. It is crazy to look at a house that sold in 2019 for $100k being listed now at the top of my budget at $250k! It kind of makes me want to put in an offer at 65% of the listing price for some of these egregious increases. Especially as the higher interest rates making the house way more expensive than what they originally purchased at when the rates were at all time lows. It seems like the market for a $150k starter home is non-existent for most parts of the country these days.
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Anyways, I was curious who here is a homeowner?
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What is your experience like going from renting to buying, or if you were a homeowner and went back to renting?
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What are some things you wish that you had known to do prior and what advice would you give yourself back then?
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How long did you search and how long are you planning to stay in your home?
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What do you think of the current market dynamics? Is there any hope for prices to come back down to Earth?
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Any other thoughts you want to share?
24 votes -
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The ugly truth behind “We buy ugly houses”
10 votes -
Half of America’s banks are potentially insolvent – this is how a credit crunch begins
14 votes -
Billionaire Harlan Crow bought property from Clarence Thomas. The US Justice didn’t disclose the deal.
24 votes -
University of California under fire for Blackstone investment
3 votes -
Why Japan is giving away eight million free houses
7 votes -
Metros with the most unoccupied homes in America
9 votes -
Siting bank branches
3 votes -
Buy a rural hospital for $100? Investors pick up struggling institutions for pennies
7 votes -
74% of Arizona households are priced out of AZ homes
11 votes -
Disney to build a branded community promising “magic” in the California desert
7 votes -
The carpetbagger’s guide to home ownership
4 votes -
Mini-warehouses dubbed “dark stores” are quietly taking over urban retail space
7 votes -
Childhood home sold to lovely young numbered holding company
10 votes -
Real estate for existentialists: Appreciation
3 votes -
Canada housing squeeze: Buyers moving up 'handcuffed' by hard-to-sell condos
5 votes -
The 2020 San Francisco exodus is real, and historic, report shows
19 votes -
2020 is the summer of booming home sales — and evictions
6 votes