Pxtl@lemmy.ca to Canada@lemmy.caEnglish · 10 months agoCanada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloombergwww.bnnbloomberg.caexternal-linkmessage-square106fedilinkarrow-up1191arrow-down19cross-posted to: worldnews@lemmit.onlineworld@lemmy.worldyimby@lemmy.worldworldnews@lemmit.onlinejusttaxland@lemmy.world
arrow-up1182arrow-down1external-linkCanada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloombergwww.bnnbloomberg.caPxtl@lemmy.ca to Canada@lemmy.caEnglish · 10 months agomessage-square106fedilinkcross-posted to: worldnews@lemmit.onlineworld@lemmy.worldyimby@lemmy.worldworldnews@lemmit.onlinejusttaxland@lemmy.world
minus-squareIusedtobeanadventurer@lemmy.worldlinkfedilinkarrow-up3·10 months agoThey remained more affordable, for a time. And then housing prices went right back through the roof. I bought a foreclosed house in 2012 for ~280k. It had been purchased by the previous owner for about 480k. I put about 150k into it, 100k the first year to make it a liveable property, and 50k or so over the next ten years. I sold it last year for about 850k… I then bought a new house that cost about 450k when it was built 4 years ago, for about 680k, in a less expensive market.
They remained more affordable, for a time. And then housing prices went right back through the roof.
I bought a foreclosed house in 2012 for ~280k. It had been purchased by the previous owner for about 480k.
I put about 150k into it, 100k the first year to make it a liveable property, and 50k or so over the next ten years.
I sold it last year for about 850k…
I then bought a new house that cost about 450k when it was built 4 years ago, for about 680k, in a less expensive market.