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It's crazy to see homes still selling with an increase in value of 10% from a year ago and interest rates more than doubled.
by frumper 3y ago
It's crazy to see homes still selling with an increase in value of 10% from a year ago and interest rates more than doubled.
- spaceman_2020 3y agoWonder what percentage of this demand is organic home owners vs. investors (including foreign investors). There’s been massive capital movement across the globe. Money moving out of China and Russia in particular. And the gulf countries with a surplus of cash thanks to multiple years of expensive oil.
- seanmcdirmid 3y agoThere might be something to that. Russia has become a bad place to invest money, while china’s real estate bubble looks to finally be popping. It could be that Russians and Chinese are accelerating on capital flight from their own countries due to current circumstances. But it’s really just speculation. I haven’t noticed an influx of ore Chinese buyers into my market.
- red-iron-pine 3y agoYou can track political developments in China, Russia, and Saudi by the price of BTC and foreign housing (esp. places like Vancouver, Canada, or London, England).