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Dean Hoffman[_18_] Dean Hoffman[_18_] is offline
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Default For Sale. $241 Million, 18,000 Square Feet

On Wednesday, April 14, 2021 at 6:48:13 PM UTC-5, wrote:
On Wed, 14 Apr 2021 15:22:34 -0700 (PDT), Dean Hoffman
wrote:

This place in London might be livable.
https://www.msn.com/en-us/money/news/london-penthouse-offered-for-sale-for-dollar241-million-by-entrepreneur-nick-candy/ar-BB1fEaA6
Text only.

If you were to ask me pre-pandemic - what sectors would see
a dramatic boom - real estate would not have made my list.
Is it like this in other places ?
In southern Ontario and in many other places in Canada -
the real estate boom is .. well .. booming ! Bidding wars ..
Who'da thunk it.
Low mortgage rates - for sure - but but ..
.. very precarious employment ;
.. over-spent governments at all levels ;
... global unrest ; etc .
I'd be a little leery of signing onto a huge mortgage
under these conditions - I guess the young'uns
still feel secure for some strange reason ?
.. or it's foreign big money ? speculators ?
Dunno.
John T.


The closet city to me is Lincoln, NE. Housing prices are up 13% from last year.
Houses sell in 5 days on average compared to 21 last year. Median price is $235 thousand.
https://www.redfin.com/city/7163/NE/Lincoln/housing-market