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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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<blockquote data-quote="Blk04L" data-source="post: 16796109" data-attributes="member: 48574"><p>IMO there's a correction due to interest rates hurting the average buyer-with money or not. Some areas will be "corrected" more than others. The values got too inflated in a short time span. There will be a few buyers in the red who bought late but a majority will still have a good amount of equity.</p><p></p><p>There's only so many cash buyers out there and the rest of the people even with healthy down payments/income will only stomach so much until they pull back on buying a primary home or secondary home.</p><p></p><p>Interesting thing around here is material, labor and inspection times are still out of whack. </p><p>Concrete? Got to know someone to get it on time/got to be a big buyer.</p><p>Certain roofing material? Good luck, amazon warehouse in PSL bought all of the metal for that type of roof. </p><p>Inspections with the city? No guarantee they show up/they want the builders to pay OT to the inspectors to show up on time. </p><p></p><p>Commercial side is still nuts on ETAs and pricing.</p></blockquote><p></p>
[QUOTE="Blk04L, post: 16796109, member: 48574"] IMO there's a correction due to interest rates hurting the average buyer-with money or not. Some areas will be "corrected" more than others. The values got too inflated in a short time span. There will be a few buyers in the red who bought late but a majority will still have a good amount of equity. There's only so many cash buyers out there and the rest of the people even with healthy down payments/income will only stomach so much until they pull back on buying a primary home or secondary home. Interesting thing around here is material, labor and inspection times are still out of whack. Concrete? Got to know someone to get it on time/got to be a big buyer. Certain roofing material? Good luck, amazon warehouse in PSL bought all of the metal for that type of roof. Inspections with the city? No guarantee they show up/they want the builders to pay OT to the inspectors to show up on time. Commercial side is still nuts on ETAs and pricing. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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