Do you have any data for Toronto and Vancouver?
I want to share this personal experience and ask you for your opinion.
In Sept 2020 I bought a Vacation home in Panama City Beach FL. It is zoned "commercial" and it is used for short term vacation rentals. I paid for it $552,000 and I had three ideas: 1) I expected the prices will go up, because of the specific location and because I thought that individual family beach home rentals will be favored destination as a result of COVID 2) Generate some rental income 3) some personal use
After a few months I decided, that I want to try selling it and look for a newer house in a little more upscale area. About 30 days ago the next door house that is exactly the same (design, sq. footage , lot and even build by the same builder) sold for $600,900.
I started to look for other houses in the area and realized that there are few home for sale and the prices seems to have gone up 15-20 percent in a matter of a few months. I put my house on the market for $700,000 three days ago and I already received two offers for full asking price.
This seems to me just insane, and my gut tell me that I should sell it, however, I don't know if I will be able to buy something with the money. Is it a bubble ready to pop or is it one that it is about to get much,... (More)
Real Estate. I have a commercial property in Oslo that I am considering selling. I can get 4% yeald and this is historically high. I only have this property. 85 percent of the rental income comes from one tenant. They sell clothes and are part of a large clothing Inc. The net income comes from 3 apartments. In Norway, there is about a 40% discount on wealth tax on owning property instead of cash.
I have been wondering to buy BTC for the sale amount. Despite the fact that I already have most of my free money in BTC. I can of course find other investment areas.
With the changes in the market for commercial real estate, MMT, online shopping for clothing and increasingly stringent environmental restrictions in Oslo, I wonder if it might be time to secure the funds.
Where are the global real estate markets going?
Will a sharp fall in global real estate prices also affect prices locally in Oslo?
Are there any good sources I can look up?
(I searched a bit around the exchange, but did not quite find what I was looking for.)
This is just the beginning
|Listed below are the increases that will be put into place by Marvic Supply on February 1st 2021.|
|We anticipate additional price increases from many suppliers again this Spring or Early Summer due to continued raw material shortages and higher costs.|