All Forum Posts by: Justin B.

This will force rents higher to account for the increase in risk. Then you will start to see cities trying to limit prices. 

A “renter’s choice” city ordinance — requiring landlords to accept renters’ insurance and other alternatives to a cash security deposit — passed last week by Cincinnati City Council was featured in a weekend article by the Wall Street Journal’s Will Parker (paywall). The article quotes Councilman P.G. Sittenfeld, explaining the rationale of the legislation he sponsored: “For a significant number of people living in Cincinnati, a security deposit for a two-bedroom would equal or exceed the totality of their savings.”

https://www.wsj.com/articles/s...

@Bryan O., the dirt (which is packed down hard) is piled 2.5 feet high by 9 feet. My garage is on the property line. 

I purcahesd a duplex last fall and we noticed the neighbor has a large amount of dirt leaning up against the back of our garage which is starting to rot the wood of the garage. 

I talked to him previously about its effects and he wanted me to move the dirt or pay for it. I dont feel I should have to pay for this and I want him to remediate the situation.

What's the best way going about this to have him get this done?

Crazy stats coming out of Goldman Sachs. 

Here's something I didn't know about Canadian mortgages, people have to requalify every 5 years:

"nominal home prices in Canada have grown by 13% over the past year, and by 200% since 2000. These sharp increases in home prices in Canada have invited comparisons with the US housing market in the period leading up to the Global Financial Crisis (Exhibit 1). A large downturn in the Canadian housing market in 2017 would seem particularly untimely given the likelihood of rising mortgage rates in Canada. Most Canadian mortgages have 25-year amortization schedules but 5-year terms, and so borrowers typically have to re-qualify for new mortgages every 5 years. Under our rates view, many Canadian mortgage borrowers may be forced in the coming years to refinance their loans at higher mortgage rates.

Here's Goldman Sach's analysis:

The recent rapid rise in house prices in Canada presents a risk of eventual over-heating.A model of bust risk that accounts for house price-to-rent ratios, past changes in real house prices, investment-to-GDP ratios, real GDP growth and inflation puts the probability of a 5% or larger downturn in real house prices over the next 5-8 quarters at around 30%. At the same time, we see significant differences between the US housing market in 2007 and the Canadian market in 2017, and for this reason we think it may be early to look for a downturn in Canadian house prices of close to the magnitude seen in the US before the financial crisis.

I don't think GS is on the money with this one...

Interesting that if you google more about this you can find a ton about the Chinese blowing up the housing market similarly to how they've raised the property rates in Australia beyond what's affordable. I think cutting off the Chinese will have a huge effect on the demand in Canada...

http://globalnews.ca/news/3350193/canada-launder-money-real-estate-report/

Canada's been in trouble it seems with Buffett buying out their distressed mortgage holder, Home Capital Group. 

https://www.nytimes.com/2017/06/22/business/dealbo...

But now there's some cracks that look like the country is in for a bigger reckoning...

http://www.zerohedge.com/news/2017-07-17/canadian-...

 Site is more research and not something that will give you sales from a day or two ago. Also it only caters to these states AZ, CA, NV, OR, WA.

 That's too slow, most filings happen afterwards, I'm looking for a lightning-like service that gets the first scoop.

Have a good thread for wrapping my head around the subject to?