Good luck affording a house in any of these cities
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If you recently won the lottery, have strong feelings about caviar brands or have a favorite private pilot, this probably doesn't apply to you. But for everyone else, it might be good to know that your dream of homeownership might as well be a fantasy in several cities.
The annual Demographia International Housing Affordability report put together a list of cities across the Anglosphere (plus Hong Kong and Singapore) that are "impossibly unaffordable," thanks to investor-driven house buying, a pandemic-era demand for homes with yards, and land-use policies aimed at limiting urban sprawl.
Which cities are on the list? Hong Kong leads the way, but after that, the Top Ten is dominated by Australia, Canada, and the US -- especially on the Pacific Coast.
🏙️📈 Hilary Whiteman has the list here, along with a closer look at what's pushing prices so high.
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♻️ Greenest (and sweatiest?) Games: French officials are trying to make the 2024 Olympics in Paris the most sustainable yet, but it may be coming at a cost to the athletes. They'll be staying in apartments with geothermal cooling instead of air conditioning, even as France expects a warmer-than-normal summer. Rooms will also be equipped with recyclable materials, such as cardboard beds. Take a look.
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Business Owner at J. R Pain Management
6dThere are tons of houses for sale in the east end of town. Run down homes. All it takes is a group of creative teenagers to change that area from being drug infested and run down to upscale and open for business.
Business Owner at J. R Pain Management
6dKids have to get creative. We had no phone or TV and were very creative. You can’t watch, you have to do.
Business Owner at J. R Pain Management
6dYou put a story around your house when you sell it. Find out some history on it.
Business Owner at J. R Pain Management
6das a teenager we bought a really badly run down house for 16,000. It was 60 years old. Sold it for 120,000. That was back in 1995. You have to take care of your property.