“The housing bubble of 2021 is only price-driven and for purely market reasons.” Has there ever been a time when this was not the case? It’s been heady to watch the worth of my residence skyrocket, even when it is immaterial since I have no real curiosity in selling. It did help me snag a great interest-rate on an equity mortgage to do some long-deferred upkeep, though with the worth of lumber my contractor has suggested me to wait a yr on a part of the project (I suppose he is right) that isn’t urgent. It just makes me unhappy to see all these high-concentration new buildings going up. Eventually, rising prices will decrease the pool of eligible buyers. Fair buying and selling has begun a fining blitz on Sydney real estate agents who are intentionally underestimating property costs.
- Halifax said costs had been boosted by the government’s stamp duty