Quote:
Originally Posted by Tron_fdc
Thought I would give this a little bump.
I have had 3 different properties for sale throughout the year. Sold one (same price I paid in 2007) and nothing on the other 2. I was griping about it in the Real Estate forum.
Anyone have any opinions? I know 2 other colleagues that are having trouble selling as well. Contrary to what I'm seeing and hearing, I'm beginning to think that the market isn't nearly as strong as it's portrayed to be.
Stats for those interested:
http://www.creb.com/
I also have property in the US (Arizona) and I've supposedly made about a 20% gain on it over the last year or so. I work in the US quite a bit and have heard the same across a lot of the Western US states. Lots of speculators coming back on line from what I can tell as well.
http://www.theguardian.com/money/us-...housing-bubble
Is the bubble building back up?
I'm dumping everything I own right now (except the house I'm in) and will be watching this one from the sidelines. If I learned anything the last 5 years is that it sucks to be a landlord, and paying 5 mortgages yourself is a gigantic waste of capital. I'd rather buy a boat and watch it depreciate than a house and rent it to crackheads.....  |
It must be the newer houses that are really moving, cause I am seeing little action in the older neighbourhoods. But I am not in the industry, just an ovservant.
Plus the recent surge was somewhat tied to the mortgage rates going up, people wanted to secure their lower rates so they rushed out to buy.