Real Estate Crash thread

[Joey Joe Joe Junior Shabadoo]

Is that on Radford?

The In-N-Out is on Camrose Dude....

[Joey Joe Joe Junior Shabadoo]

Double post

[The AD]

I was in Canada last weekend and there was a story on TV about a couple that decided to sell their (normal sized) house near Toronto and buy a chateau in France for about the same price. They admitted they are stuck now if they decide they don't like living in a drafty castle. If they sell it they could never get the equivalent house they had before in Canada. Crazy shit.

https://www.cbc.ca/player/play/22741...2Dold%20castle.

[Ted Striker]

One of my best friends lives in Richmond. They were looking to move to a house in the Okanagan or a chateau in France. Guess which was cheaper.

[dan_pdx]

Anyone ever look at those Italian towns that are selling fixers for 1 euro, or the cheap vacant houses in the Japanese countryside?

[The AD]

One of my best friends lives in Richmond. They were looking to move to a house in the Okanagan or a chateau in France. Guess which was cheaper.

Richmond, BC I presume?

[XXX-er]

One of my best friends lives in Richmond. They were looking to move to a house in the Okanagan or a chateau in France. Guess which was cheaper.

Sure its cheap but probably falling apart, what are they gona do in France for $ and do they speakadalanguage ?


i know a Canadian and AUZ couple from Bend ( far from bend) who one day asked them selves WTF are we living here and why don't we move to the colonies , they sell out, triple their investment in the Bend house and bought a house for a lot less $$$ in the ( what passes for) vibrant local downtown just a few blocks from both Craft brews

yeah cheap houses in Italy and japan but just like a chateau in france

do you really want to live there ?

[Ted Striker]

Yes Richmond BC.

Mom & kids fluently bilingual. Dad comme ci comme ca. Places they saw in France weren't run down. Places in Okanagan less good while more expensive. They stayed in Richmond.

Obviously there were more issues/complications surrounding ex-pat-ing in France with kids, but Canadian real estate is bonkers.

[XXX-er]

Yes Richmond BC.

Mom & kids fluently bilingual. Dad comme ci comme ca. Places they saw in France weren't run down. Places in Okanagan less good while more expensive. They stayed in Richmond.

Obviously there were more issues/complications surrounding ex-pat-ing in France with kids, but Canadian real estate is bonkers.

Bend is also bonkers, i'm told ?

[goldenboy]

There are places in Italy offering homes for 1 Euro. You have to fix them up etc, but sounds pretty cool. https://www.independent.co.uk/travel...-b2274302.html

[dunfree]

There are places in Italy offering homes for 1 Euro. You have to fix them up etc, but sounds pretty cool. https://www.independent.co.uk/travel...-b2274302.html

france has been pawning off chateaux too, upkeep is a little steep by what people pretend to want to spend

[liv2ski]

There are places in Italy offering homes for 1 Euro. You have to fix them up etc, but sounds pretty cool. https://www.independent.co.uk/travel...-b2274302.html

Those deals are pretty much in the south of Italy and I prefer the north, so no deals for me, however, if I spoke the language I would consider living in Bergamo, Verona or maybe Sienna but that will never happen. The misses agreed to 3 months stays in Yurp down the road. Staying in Scotland for August, then the Netherlands for September and finishing up in Italy for October sounds like fun. Back in CA for surf season and winter in Mammoth. That would be pretty damn nice.

[AdironRider]

This article is something. The perfect combination of NYC elitism, hipster delusional thinking, with a dollop of actual decent research.

https://www.curbed.com/article/cost-...fZDyN7L9QMZLLX

City living is bananas....

[lowsparkco]

Bend is also bonkers, i'm told ?

Bend has been pretty flat for the last 16 months.

2020-2022 was otherworldly though. Everything that was valued between $275k and $500k actually doubled in value in 2 years.

Now, $500k buys you 1,000 sq ft fixer or a brand new townhouse, and it scales up from there.

I still think it’s a nice place to raise kids, but you can certainly feel that we’re outstripping our infrastructure. The weird thing is that everyone knows it, but the momentum is already too great to stop. Overwhelmingly municipal leadership seems to be pro-growth with blinders to the growing pains.

[XXX-er]

Bend bro told me he's heard people say they might have overpaid localy but he did so well in bend he doesnt care and so he spent at least 6 months with no job hanging out & drinking craft beer.

They were here last year looking around and I told them e-bikes were no problem so they bought/brought e-bikes eh

[snapt]

Hey Neckdeep. Did ya see the SO’s press release today?

[LegoSkier]

Those deals are pretty much in the south of Italy and I prefer the north, so no deals for me, however, if I spoke the language I would consider living in Bergamo, Verona or maybe Sienna but that will never happen. The misses agreed to 3 months stays in Yurp down the road. Staying in Scotland for August, then the Netherlands for September and finishing up in Italy for October sounds like fun. Back in CA for surf season and winter in Mammoth. That would be pretty damn nice.

My best friend from college bought a 5 Br 3000 SqFt house in the foothills of the Italian alps last summer for $70k. Old (basement dates to 1600's), but definitely in livable condition and had been renovated in the past decade. It is in a BFE village with no social life but is right on a river with rafting/kayaking and an hour from Alagna and is going to be his retirement home (he teaches in international schools). So a middle-path definitely seems like a good option there.

[Kevo]

Hey Neckdeep. Did ya see the SO’s press release today?

What. the. fuck.

How is it only a misdemeanor to "expose oneself" in Idaho? And how is it only a misdemeanor to steal shit from the scene of a death as an on duty deputy?

This'll play out the way things always play out here- the mormon deputies (it was very easy to confirm that they are openly and proudly mormon via FB) will get special treatment from the mormon prosecutor in Bonneville County. They'll get sentenced to community service that can be served at the Rexburg temple, loose their jobs in Teton County and then end up working as deputies in Madison County or Fremont County.

The mormon sheriff will keep his job, the state will continue to prevent the county from collecting enough tax revenue to provide for the basic needs of the county and we'll be unable to readily replace the deputies that leave. If we do find someone willing to put their life on the line for $20 something per hour, they'll be the same bottom of the barrel quality as the people who left.

[neckdeep]

What. the. fuck.

How is it only a misdemeanor to "expose oneself" in Idaho? And how is it only a misdemeanor to steal shit from the scene of a death as an on duty deputy?

This'll play out the way things always play out here- the mormon deputies (it was very easy to confirm that they are openly and proudly mormon via FB) will get special treatment from the mormon prosecutor in Bonneville County. They'll get sentenced to community service that can be served at the Rexburg temple, loose their jobs in Teton County and then end up working as deputies in Madison County or Fremont County.

The mormon sheriff will keep his job, the state will continue to prevent the county from collecting enough tax revenue to provide for the basic needs of the county and we'll be unable to readily replace the deputies that leave. If we do find someone willing to put their life on the line for $20 something per hour, they'll be the same bottom of the barrel quality as the people who left.

Uh......yep.

But this is nothing compared to what was going on during Cooke's administration. Cooke's deputies committed dozens of felonies and it all got swept under the rug. Stealing from a dead person is bad, but the Froelich boys duplicated the keys to the evidence safe and lockers and just helped themselves to whatever they wanted.

Deputies were caught red handed with stolen cash and drugs. They also broke the chain of custody for every case that had evidence stored and the state attorney's office decided to give two criminal cops a free pass rather than retry a hundred cases again. Yes, even though the state was aware of accusations that dirty cops had been framing innocent people, they purposely hid the exonerating facts and let the real criminals walk.

Used to be, shit like this held us back from becoming "the next Jackson Hole" or whatever.

[byates1]

How long till legal weed in Jackson?

[skaredshtles]

How long till legal weed in Jackson?

I'd wager shortly after Hell freezes over?

[rideit]

Pretty much. Wyoming is funny...equal parts libertarian-ish 'leave us the fuck alone' and 'but God says..."

[m2711c]

turns out dirt pimpin’ really is an ongoing fraudulent conspiracy…


https://www.washingtonpost.com/busin...ines_p002_f003





judge says fact.

[Bunion 2020]

Pretty much. Wyoming is funny...equal parts libertarian-ish 'leave us the fuck alone' and 'but God says..."

Weird, Montana is the 1st without the 2nd but the nutballs are doing their best to change that.

[mud]

So at worse this case will now force already cash strapped buyers to pay their brokers instead of the seller.
Or the seller raises the price of the home to offset the buyers broker fees and everyone continues as normal.