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Let's talk real state business

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Let's talk real state business

Post by squatty on Wed May 01, 2013 4:28 am

In Iran, the price of land/building stays constant, until a "wave" comes and MULTIPLIES that price usually by 2 or even 3 times.
And no one knows just when the next wave will come, so everybody is scared of buying/selling land.
Because you might lose all your lifetime credit just in one night, it's one of the most scary gambles imaginable.
Let's say you have an apartment, and want to sell it to buy a bigger one;
You sell your apartment today, and tomorrow you have an appointment to pact the deal for your new bigger apartment;
Tomorrow comes, and you are notified the new wave have come, and the apartment you want to buy has become 3 times more expensive OVERNIGHT. and you can't even buy an apartment half the size of your old one with the money you got in your hands now.

I want to know if there's any sh!tty waves in developed countries too or not.
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Re: Let's talk real state business

Post by Journeyman on Wed May 01, 2013 4:34 am

Housing 'bubbles' do exist but are generally far less drastic in more stable economies (especially europe, they don't have many issues with it). It's not so bad here (the states) but pretty bad in some parts of asia and around the mediterranean (greece).
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Re: Let's talk real state business

Post by squatty on Wed May 01, 2013 4:58 am

My friend's pa sold his 500m big house, to instead buy two apartments, to give one to his newly married elder son.
But the wave came, and they lost everything, they currently live in a 60m small apartment, and the elder son had to rent somewhere...

How about Canada?
If I fail at going to States, I just have three more options:
Europe
Australia
Canada

- I don't like Europe because everything is tight and packed and small there, tight streets, tight houses/apartments. everything is too compact.
- Now in Australia, land is plenty, and there's room for everyone to live big. but something's missing there, and that's true mountains. I can't live without them.
- Then remains Canada, my perfect top priority choice after the States.
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Re: Let's talk real state business

Post by Rix on Wed May 01, 2013 1:08 pm

It's all about landan! I'm gonna buy my first house soon :) rent it out and then buy a house with my bird.

My parents bought their house for 45grand and its now 300 grand. Inflation over time. Houses stay consistent generally unless an area becomes London like or services start to appear. Just mortgages change and rates and sh¡t
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Re: Let's talk real state business

Post by squatty on Wed May 01, 2013 1:45 pm

The fact that you are about to buy your first house at 19yo, alone shows you're living in a quality economy.
Here in cities, young people keep living with their parents at least until 30yo, until they marry and rent a place of their own, some even have to start their family inside their bedroom at parents' house...
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Re: Let's talk real state business

Post by Rix on Wed May 01, 2013 1:57 pm

There's good mortgages for first time buyers tho. It was like that for a while in the uk but then they came up with a new first time buyer mortgage and stuff. If your not a first time buyer it is quite tough unless your married and have two incomes or you get paid in gold.
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Re: Let's talk real state business

Post by tilles on Wed May 01, 2013 3:06 pm

squatty wrote:

- I don't like Europe because everything is tight and packed and small there, tight streets, tight houses/apartments. everything is too compact.

That's just the case in big cities dude ;)
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Re: Let's talk real state business

Post by Iliander on Wed May 01, 2013 3:08 pm

tilles wrote:
squatty wrote:

- I don't like Europe because everything is tight and packed and small there, tight streets, tight houses/apartments. everything is too compact.

That's just the case in big cities dude ;)
Exactly...
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Re: Let's talk real state business

Post by ChrisTG on Thu May 02, 2013 3:21 am

Canada is a great place and prices increase slowly. There is nothing like what you have described with overnight price increases.

Did I mention Canada has some very fine mountains?
https://en.wikipedia.org/wiki/File:Moraine_Lake_17092005.jpg

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Re: Let's talk real state business

Post by Rix on Thu May 02, 2013 3:38 am

I wanna move Canada one day so badly. If I get the opportunity I will jump on it. Or Essex in London if I can't haha
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Re: Let's talk real state business

Post by itlives on Thu May 02, 2013 7:25 am

Canada is appealing more and more to me also.
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Re: Let's talk real state business

Post by Fatman on Thu May 02, 2013 6:17 pm

Journeyman wrote:Housing 'bubbles' do exist but are generally far less drastic in more stable economies (especially europe, they don't have many issues with it). It's not so bad here (the states) but pretty bad in some parts of asia and around the mediterranean (greece).

Spain got massively hit by the housing bust (because their boom, when it was happening, was out of this universe, bigger even than in the US). I'm sure one could pick up some nice property on the coast (or anywhere else, they got mountains too) for cheap.

Parts of the US are dirt cheap too, colossal disparity in property values.
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Re: Let's talk real state business

Post by Dave on Thu May 02, 2013 11:08 pm

squatty wrote:Canada, my perfect top priority choice after the States.

ChrisTG wrote:Canada is a great place

Rixstar wrote:I wanna move Canada one day so badly.

itlives wrote:Canada is appealing more and more to me also.

Well guys, you know how they always say the grass is greener on the other side? Well guess what: I left Canada because I thought the grass was greener elsewhere.. and I had to come back! So you guys are all onto something.

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Re: Let's talk real state business

Post by squatty on Fri May 03, 2013 8:16 am

Viva Canada! :hatsoff:
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Re: Let's talk real state business

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