Independent thinking for complex markets and current events
Bought pre-con for $1M in 2021. Put $200K down.Market value today? $700K. Can’t close.Can’t reassign.Deposit gone. Builder may sue for the difference. Toronto’s condo crash just entered the consequences phase. pic.twitter.com/PVWK0yY6s7 — Shazi (@ShaziGoalie) February 10, 2026 New condo sales in the Greater Toronto Hamilton Area fell to their lowest level since 1991 with record …
Condo price collapse so far by city byu/Boo_Randy_II inHouseBuyers Insurance & HOA costs in most parts of FL have become exorbitant, while most of the Olds are on fixed incomes. Hard to believe there was ever a housing bubble in Oakland, but now the FOMO lemmings are seeing their Yellen Bux condo values grow wings …
the housing market in canada is incredibley expensive, I saw a house in a rural area about 10 mins out of town. A house in a 20 acres with five bedrooms, five bathrooms. THE asking price is 1.5 million dollars the real estate showed the mortgage of 7000 to 8000 a month, holy… — Up …
The Federal Reserve is bleeding credibility. Not from miscalculations or inflation forecasts. From rot inside its own walls. Lisa Cook, a sitting Fed governor, is facing three separate criminal referrals for mortgage fraud. Three homes. Three states. Three filings that are inconsistent and fraudulent. The latest: a $361,000 condo in Cambridge, Massachusetts, declared a “second …
Sales crash 12% as condo market sees 80% more sellers than buyers. BREAKING: The median US condo sale price declined -2.2% YoY in May, to $354,100, marking the second-largest decrease since at least 2012. The only time condo prices dropped by a larger amount was in April 2023, by -2.9%. Meanwhile, condo sales plunged -11.9% …
Condo prices across the US are plummeting — with some areas seeing values sink by a staggering one-third in just a year. The average condo sale price in the US fell 2.2 percent year over year to $354,100 in May, a new report shows — making it the second largest drop in records dating back …
0:00 Who is buying condos right now? 4:18 Understanding Condo Ownership: Fees, Assessments, and Costs 12:11 Challenges in Condo Ownership: Maintenance and Blackl*st Issues 20:18 Financial Considerations and Selling Strategies There are plenty of reasons not to buy a condo these days, but some people are still choosing to purchase them. It’s definitely not for …
A Florida lawmaker is warning that the condo crisis in the state could trigger the ‘next wave of homeless people.’ Mike Caruso, a member of the Florida House of Representatives, said rising condo fees would hit elderly residents on a fixed income the hardest. — Lawmakers are now grappling to find a middle ground between …
https://www.msn.com/en-us/money/realestate/78-000-california-condo-owners-to-see-major-insurance-rate-hike/ar-AA1ycRiX Starting in April, Allstate will raise its average rates for condo insurance by 30%, according to a filing with the California Department of Insurance. Allstate’s approximately 78,000 condo insurance customers in the state can expect to see their rates change at the first renewal date following April 1, the filing shows. Some may see their rates …
Major insurer Liberty Mutual is dropping all its condo policies in California, it has announced. The company, which is the fourth-largest home insurer in the state, has told regulators that it will stop offering new condo and renter policies next year. Existing policyholders will then see their coverage axed in 2026, according to filings with …
1/ The Riv, a planned 37-storey tower at Queen & River St., is officially cancelled. Developers blame a dire condo market with rock-bottom sales and skyrocketing costs. — Shazi (@ShaziGoalie) December 4, 2024 3/ Condo sales in the GTA are 75% below the 10-year average. Developers can’t hit pre-sale thresholds required to secure financing. Projects …
🚨Toronto's New Condo Market Collapses Sales down 84%, future supply at risk as builders face soaring costs. This looks bleak….. So let's get at! THREAD🧵 pic.twitter.com/S4i9PC2z3v — Shazi (@ShaziGoalie) November 22, 2024 2/ 🏢 Condo prices drop: Down 1.6% year-over-year amid frozen buyer activity. — Shazi (@ShaziGoalie) November 22, 2024 4/ 🕒 Inventory levels climb: …
https://twitter.com/GayBearRes/status/1833487117907059028 https://twitter.com/GayBearRes/status/1833535286166601765 https://twitter.com/GayBearRes/status/1833558559272894639 Florida Is Facing Its Gravest Real Estate Crisis in Decades In Florida, condo owners are drastically reducing their property prices, some by as much as 40%, in response to impending massive repair costs. This trend marks the severest real estate downturn the state has faced in decades, putting significant financial pressure on …
Factors such as rising homeowners association (HOA) fees, increased insurance costs, and new safety regulations have led to notable price reductions in some areas12. For example, a condo in Saint Petersburg saw its price drop by 40%, from $1.2 million to $715,000. https://www.newsweek.com/florida-condo-prices-collapsing-due-hoa-fees-surge-real-estate-expert-1938329 https://www.redfin.com/news/florida-condo-prices-dropping/ https://greenbuildingelements.com/functionally-obsolete-new-report-finds-80-of-florida-condos-could-be-worthless/
South Florida faces a condo crisis as thousands of units flood the market, leading condo owners to sell due to rising costs.
🚨8 Retail Condo Units in the West Village Face Foreclosure – The units are at 122 Greenwich Avenue in the West Village…beautiful building – The 8 units were purchased in 2018 for $31mm – Purchase was financed with $20mm loan from Signature Bank – The loans were purchased… pic.twitter.com/cYP8ssJYsG — Shashankh Aryal (@aryal1994) August 17, …
Carlos Yulo, the gold medalist gymnast from the Philippines, has indeed been awarded several rewards for his achievements at the 2024 Paris Olympics. These include a cash prize, a condominium, and lifetime supplies of ramen and cookies. 🇵🇭FREE COLONOSCOPIES, CONDOS, CASH, AND COOKIES FOR GOLD MEDAL WINNERS!? The Philippines' first Olympic gold medalist, Carlos Yulo, will …
Florida’s Condo Market: Issue: Florida’s condo market is facing challenges. Reasons: Rising Costs: Homeowners insurance costs have surged by about 40% in 2023 alone, and homeowners association (HOA) fees are increasing due to new condo regulations. Extreme Weather: Florida has experienced extreme weather events like storms and hurricanes, leading to higher home insurance premiums or …
Maria Tkachun and her husband shelled out $490,000 for a seventh-floor apartment with a terrace and balcony boasting incredible views of South Florida’s Biscayne Bay in 2022. The couple coughed up an additional $100,000 to renovate their unit in the Cricket Club condominium tower, installing extra-large format Italian porcelain tiles and adding a marble countertop …
Condo owners in parts of California are slashing asking prices by as much as 40 percent for their properties listed for sale on Zillow, according to data available on the real estate marketplace app. As of Wednesday morning, there were a total of 8,476 condos listed for sale on Zillow across all of California. Of …
Florida condo owners are about to get hit by the perfect financial storm. With insurance rates already going up as much as 300% for some buildings along with recent changes to the Florida Condominium Act and new changes going into effect in 2025, many are going to face tough times in the coming months and …