House prices and rent are up in Alberta but still very very affordable compared to Ontario and BC

We also have the lowest taxes, low gas prices, and highest incomes

imagine the people who bought 350k houses during covid and now their worth 200k

BROOTAL!

What type of home improvements did you do?

Pretty good take, IMO.

I'm looking for home now in the SD area and I started with absolutely no HOA but some of the prices are way too high IMO, so now I even contemplate a low HOA knowing full well its possible it becomes a nightmare. Sellers still trying to squeeze the low inventory numbers and I'm also wondering not if but when the housing market does a large correction in SD.

I'm not very aware of the national housing market per se because San Diego is completely isolated from those numbers. Due to WFH/vacation/investors, I believe SD has surpassed SF as the most expensive chithole to live in.

$900/sqft outside of a beach town? Fuk off.

How would you know what it feels like to be right?

You’ve been consistently wrong about every prediction you’ve made especially the property market

Are you going to compensate miscers who relied on your advice and are still waiting for the crash? Lmao



Nostradumbass

Huh? Home prices haven't come down since Covid, they're overall up...

https://www.redfin.com/us-housing-market

I periodically peruse the real estate websites in my area and...it sure looks like prices have just continued going up.

Prices will go up, ****ty ass houses in my area are nearly going for 800k. We are talking about beat up, campos type houses.

For it to fall, maybe like 10k fall, but nothing major.

Serious question: do the rentards not know how a mortgage works? (I know that Canada has some weird points, but we are usually talking the US here).

They act like if there is a dip in home values that the LandChads mortgage goes up or money is taken out of his bank account. Plus, its not like rent will EVER go down. Only way that might happen is if the area becomes a ghetto and rundown really bad.

For people unlucky enough to have to but during the peak, yeah will have a higher payment, but in the long run it will still be fine. Still much better than renting.

My 3.x% with decent money down, gave me a very cheap monthly mortgage, which will stay the same, and in relative dollars actually goes down over time because of inflation. Why is this so hard for them to understand? Or is it just jealous and cope? Or are they that dumb and that is why they rent?

The US is the weird one, I believe the US is the only developed country that allows you to lock in mortgage interest rates for 20-30 years and Canada merely does what is the norm around the world.

However people portraying Canada's situation as dire are also disregarding mortgage stress tests that have been happening since 2018 -- because the regulators knew super low rates weren't sustainable long term. Anyone who is renewing today in Canada was stress tested at high 4% or 5%+, and rates in Canada are currently high 4% to low 5%.


There are pros and cons to each system, Canada's rates on this setup are generally lower than what you'll ever find in the US. I have one house that is at 1.69% lol, until 2026

Lending is getting tighter. Houses aren't appraising out. Lots of deals are falling apart now.

Basically worthless predictions, tell me when inventory is beyond precovid levels and we can talk about a potential correction. Currently it’s no where close to even being a balanced market.

Classic “tell me you know nothing about the housing market without telling me you know nothing about the housing market” with these predictions

Inventory is like calories on a diet, it’s the only thing that really matters

What about now

2024 and RentCucks are stil coping. How much longer can this go on? Lmao

Only two more weeks for sure

Unfortunately houses continued to gain all this time, so this crash is going to be 2 years before we even get back to baseline

I’m currently looking to buy a home and every time I view homes online they are being purchased or under contract in weeks. What in the flying fuk

same with used car prices, thought they had finally peaked, but keep going up.

Seriously? You literally quoted the postwith the source link. Which shows average home prices going UP, not "collapsing". Oops.


https://www.redfin.com/us-housing-market

Except for the fact that they're going down


https://www.cargurus.com/research/pr...=1710734399999