41–50 of 510 posts
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I don’t know about other places, but Airbnb has been a mixed bag for NYC: I’ve seen it used to keep housing stock off the market, to dodge the obligations associated with keeping a property livable, and to essentially run entire illegal hotel businesses without attracting regulatory (including safety) scrutiny.
AirBnb in NYC is also a fertile ground for scams
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It's practically impossible to get fixed rates in europe.
It's not in the Netherlands. Practically everyone has fixed rates here. Especially in the past few years with the low interest rates.
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I don’t have a good way to reconcile the current hot job market... The world is bigger than tech.
It's not only tech! The labour market is very tight across North America in general.
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Is that rate fixed for 30 years?
It's practically impossible to get fixed rates in europe.
https://www.bankofengland.co.uk/bank-overground/2020/why-are...
(In 2020, more than half of new mortgages were fixed for 5 years or more.)
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No, 20 years fixed rate on a 30 year mortgage.
Which country, if you don't mind me asking?
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"Cracking down on Airbnb"... you say this as if Airbnb is a horrible thing or something LOL
I don’t know about other places, but Airbnb has been a mixed bag for NYC: I’ve seen it used to keep housing stock off the market, to dodge the obligations associated with keeping a property livable, and to essentially run entire illegal hotel businesses without attracting regulatory (including safety) scrutiny.
Seems like the bubble burst is going to be more sudden than we thought. 30 year mortgages are suddenly at nearly 5.5-6%, listings are sitting on the market for longer, and multiple cities are cracking down on Airbnb.
That's really high compared to Europe! I just bought a new house with 2% on the interest-only part and 1.6% on the annuity part! In the month after rates grew by about 0.5% though. Seems like we hit the bottom and are climbing very slowly.
The mortgage we took out two years ago (2 year fix, ~60% LTV) had a introductory rate of 1.2%.
That falls back to 3.something variable in September. We'll probably look for another fixed but current 2yr fixed rates seem to be around 2.3% (plus a £1k application). That's an uncomfortable increase on a big loan.
What's interesting is the rates on bigger loans (eg 90% LTV) aren't much more (2.4%+application). That's not what I'd expect a bank to offer if they expected a bursting bubble.
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Is that rate fixed for 30 years?
It's practically impossible to get fixed rates in europe.
I can’t speak for the rest of Europe. It’s a big place you know.