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Truthfully, I’ve been concerned about the sustainability of life since I was a kid.
The average new detached house sells for
The average new detached house sells for $1.2 million, which is 25% more than last year.
Twenty years ago such a hike would have increased the burden of debt service by 4% of median income. If you believe Terrio and other insolvency advisors, if you have no wealth left to speak of, it will cost little to do so and walk away with a clean slate. There are just too many factors at play, corruption in Gov’t & big business, dirt cheap cash, a clueless populous and people from around the world with very deep pockets that want to keep this going.
Today it would be twice that.” To further bum out the real estate bulls, consider this: almost half of all the existing mortgages in Canada (which total almost %$1.5 trillion) will come up for renewal during 2018. No one will lend you money on an asset that is losing value by the day and if they do, it will be on a deeply discounted RE value meaning much, much more cash up front…which people as Garth points out today, they will not have. However, it’s been more of the same for so long now that “what’s to come” is almost become meaningless. Until many of the topics discussed in the article below are researched, investigated and then fixed, I’m afraid it will sadly be more of the same… I just bought a 150 yo farmhouse with a 1/4 acre of land 1 hour by bullet train from Tokyo for $20,000 CDN.
Industry boss Bryan Tuckey puts it this way: “People simply cannot afford them.” No wonder.
The industry blames excessive government regs, restrictive land use and zoning policies, insane building codes and anti-sprawl measures which have inflated land prices. But the collapse of the construction business is just another indicator that residential real estate is going over a cliff, even in the nation’s biggest, craziest market.
||The average new detached house sells for $1.2 million, which is 25% more than last year.Twenty years ago such a hike would have increased the burden of debt service by 4% of median income. If you believe Terrio and other insolvency advisors, if you have no wealth left to speak of, it will cost little to do so and walk away with a clean slate. There are just too many factors at play, corruption in Gov’t & big business, dirt cheap cash, a clueless populous and people from around the world with very deep pockets that want to keep this going.Today it would be twice that.” To further bum out the real estate bulls, consider this: almost half of all the existing mortgages in Canada (which total almost %$1.5 trillion) will come up for renewal during 2018. No one will lend you money on an asset that is losing value by the day and if they do, it will be on a deeply discounted RE value meaning much, much more cash up front…which people as Garth points out today, they will not have. However, it’s been more of the same for so long now that “what’s to come” is almost become meaningless. Until many of the topics discussed in the article below are researched, investigated and then fixed, I’m afraid it will sadly be more of the same… I just bought a 150 yo farmhouse with a 1/4 acre of land 1 hour by bullet train from Tokyo for $20,000 CDN. Industry boss Bryan Tuckey puts it this way: “People simply cannot afford them.” No wonder.The industry blames excessive government regs, restrictive land use and zoning policies, insane building codes and anti-sprawl measures which have inflated land prices. But the collapse of the construction business is just another indicator that residential real estate is going over a cliff, even in the nation’s biggest, craziest market.
.2 million, which is 25% more than last year.Twenty years ago such a hike would have increased the burden of debt service by 4% of median income. If you believe Terrio and other insolvency advisors, if you have no wealth left to speak of, it will cost little to do so and walk away with a clean slate. There are just too many factors at play, corruption in Gov’t & big business, dirt cheap cash, a clueless populous and people from around the world with very deep pockets that want to keep this going.
Today it would be twice that.” To further bum out the real estate bulls, consider this: almost half of all the existing mortgages in Canada (which total almost %
The average new detached house sells for $1.2 million, which is 25% more than last year.
Twenty years ago such a hike would have increased the burden of debt service by 4% of median income. If you believe Terrio and other insolvency advisors, if you have no wealth left to speak of, it will cost little to do so and walk away with a clean slate. There are just too many factors at play, corruption in Gov’t & big business, dirt cheap cash, a clueless populous and people from around the world with very deep pockets that want to keep this going.
Today it would be twice that.” To further bum out the real estate bulls, consider this: almost half of all the existing mortgages in Canada (which total almost %$1.5 trillion) will come up for renewal during 2018. No one will lend you money on an asset that is losing value by the day and if they do, it will be on a deeply discounted RE value meaning much, much more cash up front…which people as Garth points out today, they will not have. However, it’s been more of the same for so long now that “what’s to come” is almost become meaningless. Until many of the topics discussed in the article below are researched, investigated and then fixed, I’m afraid it will sadly be more of the same… I just bought a 150 yo farmhouse with a 1/4 acre of land 1 hour by bullet train from Tokyo for $20,000 CDN.
Industry boss Bryan Tuckey puts it this way: “People simply cannot afford them.” No wonder.
The industry blames excessive government regs, restrictive land use and zoning policies, insane building codes and anti-sprawl measures which have inflated land prices. But the collapse of the construction business is just another indicator that residential real estate is going over a cliff, even in the nation’s biggest, craziest market.
||The average new detached house sells for $1.2 million, which is 25% more than last year.Twenty years ago such a hike would have increased the burden of debt service by 4% of median income. If you believe Terrio and other insolvency advisors, if you have no wealth left to speak of, it will cost little to do so and walk away with a clean slate. There are just too many factors at play, corruption in Gov’t & big business, dirt cheap cash, a clueless populous and people from around the world with very deep pockets that want to keep this going.Today it would be twice that.” To further bum out the real estate bulls, consider this: almost half of all the existing mortgages in Canada (which total almost %$1.5 trillion) will come up for renewal during 2018. No one will lend you money on an asset that is losing value by the day and if they do, it will be on a deeply discounted RE value meaning much, much more cash up front…which people as Garth points out today, they will not have. However, it’s been more of the same for so long now that “what’s to come” is almost become meaningless. Until many of the topics discussed in the article below are researched, investigated and then fixed, I’m afraid it will sadly be more of the same… I just bought a 150 yo farmhouse with a 1/4 acre of land 1 hour by bullet train from Tokyo for $20,000 CDN. Industry boss Bryan Tuckey puts it this way: “People simply cannot afford them.” No wonder.The industry blames excessive government regs, restrictive land use and zoning policies, insane building codes and anti-sprawl measures which have inflated land prices. But the collapse of the construction business is just another indicator that residential real estate is going over a cliff, even in the nation’s biggest, craziest market.
.5 trillion) will come up for renewal during 2018. No one will lend you money on an asset that is losing value by the day and if they do, it will be on a deeply discounted RE value meaning much, much more cash up front…which people as Garth points out today, they will not have. However, it’s been more of the same for so long now that “what’s to come” is almost become meaningless. Until many of the topics discussed in the article below are researched, investigated and then fixed, I’m afraid it will sadly be more of the same… I just bought a 150 yo farmhouse with a 1/4 acre of land 1 hour by bullet train from Tokyo for ,000 CDN.Industry boss Bryan Tuckey puts it this way: “People simply cannot afford them.” No wonder.
The industry blames excessive government regs, restrictive land use and zoning policies, insane building codes and anti-sprawl measures which have inflated land prices. But the collapse of the construction business is just another indicator that residential real estate is going over a cliff, even in the nation’s biggest, craziest market.
