QuoteOriginally posted by: Traden4AlphaQuoteOriginally posted by: CuchulainnQuoteOriginally posted by: edouardAnd, what do you think of France? The contrast with the housing market in country's next door Germany is impressive.In NL, a house just across the border in Germany is 50% less expensive.Ah, but NL has the best houses, best bread, best beer, etc. right?You bet.edited.

German banks start cheap mortgage war in the Netherlands

QuoteOriginally posted by: rmaxAus and Canada look like bubbles.They certainly do. Just on the side, I found this graph of the average house prices in Toronto over the years. I wish I bought a house earlier as the prices shot up so fast after 2001. http://www.quandl.com/IHAPPR-Inhouse-Ap ... SalesThere are many more graphs on this new site I am using a lot nowadays. www.quandl.com. You guys should check it out. Very straightforward.

QuoteThere are many more graphs on this new site I am using a lot nowadays. www.quandl.com. You guys should check it out. Very straightforward. U buyin' or sellin'?

I am buying but I am not too sure yet if I should buy or rent a condo. The prices are going really high. The area I live in hasn't appreciated so much in terms of land value compared to the downtown core.

QuoteOriginally posted by: Mubs90I am buying but I am not too sure yet if I should buy or rent a condo. The prices are going really high. The area I live in hasn't appreciated so much in terms of land value compared to the downtown core.Buy low, sell (just before) high.

QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: Mubs90I am buying but I am not too sure yet if I should buy or rent a condo. The prices are going really high. The area I live in hasn't appreciated so much in terms of land value compared to the downtown core.Buy low, sell (just before) high.Why not build your own...?

QuoteOriginally posted by: AnthisQuoteOriginally posted by: CuchulainnQuoteOriginally posted by: Mubs90I am buying but I am not too sure yet if I should buy or rent a condo. The prices are going really high. The area I live in hasn't appreciated so much in terms of land value compared to the downtown core.Buy low, sell (just before) high.Why not build your own...?Difficult. You need planning permission. Mind you, one can buy a house, knock it down and build a new one using 21st century tech. No no more rising damp, single glazing and draughty rooms

QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: AnthisQuoteOriginally posted by: CuchulainnQuoteOriginally posted by: Mubs90I am buying but I am not too sure yet if I should buy or rent a condo. The prices are going really high. The area I live in hasn't appreciated so much in terms of land value compared to the downtown core.Buy low, sell (just before) high.Why not build your own...?Difficult. You need planning permission. Mind you, one can buy a house, knock it down and build a new one using 21st century tech. No no more rising damp, single glazing and draughty rooms It assumes you can obtain the required permits and the acquisition of land is contingent on obtaining permits, or else the land doesnt worth more a random potatoe farm.But once you can obtain permits, you have many options, the only restriction is budget and financing constraints. If you buy an existing house to knock it down, make sure it doesnt have a "to be preserved" status.

QuoteOriginally posted by: AnthisQuoteOriginally posted by: CuchulainnQuoteOriginally posted by: AnthisQuoteOriginally posted by: CuchulainnQuoteOriginally posted by: Mubs90I am buying but I am not too sure yet if I should buy or rent a condo. The prices are going really high. The area I live in hasn't appreciated so much in terms of land value compared to the downtown core.Buy low, sell (just before) high.Why not build your own...?Difficult. You need planning permission. Mind you, one can buy a house, knock it down and build a new one using 21st century tech. No no more rising damp, single glazing and draughty rooms It assumes you can obtain the required permits and the acquisition of land is contingent on obtaining permits, or else the land doesnt worth more a random potatoe farm.But once you can obtain permits, you have many options, the only restriction is budget and financing constraints. If you buy an existing house to knock it down, make sure it doesnt have a "to be preserved" status.No problem. And the guy who knocks it down should not forget to inform the gas utility company to cut off the gas. I kid you not. Good job he was a non-smoker.

The average sales price of house in US is definitely going high. http://www.quandl.com/FRED-Federal-Rese ... ted-States. Notice the spike at the end and the differential between March and April of 2013.

the more ppl say it's a bubble the more housing prices will keep going up. Experts were predicting 'bubbles' Canada & hong kong three years ago and prices still keep rising with no end in sight. Only when we stop calling it a bubble will prices go lower

QuoteOriginally posted by: Mubs90The average sales price of house in US is definitely going high. http://www.quandl.com/FRED-Federal-Rese ... ted-States. Notice the spike at the end and the differential between March and April of 2013.In 1972 a family home in Long Island (like in Smithtown or Babylon) would have cost 20-30K AFAIR. The average hourly rate was $1.60 I also remember well. In 2013 such a house in LI (pre-2008) would get away wih 500K sale. In very rough terms we have a > 10-fold increase in house prices while indiustrial wage has increased ~ 5 times.But the value of property has gone up by 1% historically. disclaimer: I'm not an economist. Do economists study Thermodynamics at skule?

QuoteOriginally posted by: investor82the more ppl say it's a bubble the more housing prices will keep going up. Experts were predicting 'bubbles' Canada & hong kong three years ago and prices still keep rising with no end in sight. Only when we stop calling it a bubble will prices go lowerThey said exactly the same about Ireland in 2005-2007. Soft landing."Human being is not particularly good at learning from history. Either we haven?t lived long enough to live through every moment of it, or we just forget what we have lived through.The terrible property crash of 1997 led to almost 70% drop of home prices in nominal terms for 6 consecutive years...."

Dublin property boom