Die Zahl der Immobilieninsolvenzen nimmt zu und das Schlimmste ist noch nicht vorbei
https://www.theglobeandmail.com/real-estate/article-real-estate-insolvencies-are-on-the-rise-and-the-worst-isnt-over/
Die Zahl der Immobilieninsolvenzen nimmt zu und das Schlimmste ist noch nicht vorbei
https://www.theglobeandmail.com/real-estate/article-real-estate-insolvencies-are-on-the-rise-and-the-worst-isnt-over/
8 Kommentare
Lazy paywalled posting. Post the work-around if you post paywalls.
Well, I got offered $950k in Covid era, for a house I paid $190k for in 03 and paid it off in 10 years.
And that’s, ladies and gentlemen, is why RTO being pushed by everyone
According to my real-estate buddies, ALOT of homes that have been listed in the past year or so have been listed by homeowners who have lost their jobs.
The unemployment in the GTA is close to 8% (if you include folks that have given up looking and the underemployed, the number is more like 15%. The job market is COOKED 🔥
If you lose your job and can’t find another one, you WILL lose your home. It’s as simple as that.
Immigration will continue to buy up our homes and drive up the prices dont worry.
Liberals being oddly quiet on this one
it hasn’t even started yet check back in 18 months when the GTA, Ontario and parts of BC see more facts and reality crashing down and prices are forced to return to a ratio of debt closer 4x wages. Speculators and those who participated overpaying in a low interest environment on an asset they could never actually afford will feel pain and lose it all. And this is a good thing we need productivity to return and we need capital to flow into investments outside of selling homes to one and another. Too many unproductive people were rewarded vs punished and now the massive oversupply
or real estate agents, home flippers and stupidity of city taxes will all push the collapse ahead.
the bubble needs to pop but it can’t pop without this happening