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TRENDS IN THE HOUSING MARKET — Vancouver Hits $1.6 MILLION & the Global Housing Bubble

972 views · Published 17 August 2017 · 1:07:51 · Indexed 21 October 2026

Channel: Mike Martins · 2017 · People & Blogs

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“if this sinks like that Titanic everyone's gonna be jumping ship this is gonna hurt a lot of people” — Mike Martins


Seattle — Is another housing bubble forming?
- King County median home price rises approximately 18.6% year-over-year.
- Median price reaches approximately $658,000.
- Housing inventory falls more than 13% year-over-year.
- Survey suggests many Washington homeowners fear a housing bubble.
- Debate over strong credit scores, large down payments and housing-market risk.
- Discussion of investors purchasing multiple properties.
- Your concerns about overseas buyers and Vancouver real estate connections.
- Tacoma's rapid price appreciation and the wider Washington housing boom.
United Kingdom — Prices rise while activity slows
- Average UK home price reaches approximately £223,000 in June 2017.
- Annual increase of approximately £10,000.
- London and the Southeast experience slowing market activity.
- Reports of domestic migration away from London.
- Newham landlord tax controversy: allegations that thousands of landlords failed to declare rental income.
- Estimated unpaid tax revenue potentially reaching hundreds of millions across London.
- Discussion of property hoarding and housing speculation.
- Your concerns about the relationship between rising prices, falling sales and vacant properties.
Australia — Housing shortages or underused housing?
- Sydney sees growing demand for medium-density housing.
- New South Wales medium-density approvals increase approximately 6%.
- Sydney approvals increase approximately 11.6%.
- Victoria forecasts a possible shortage of more than 4,000 dwellings.
- Reports identify approximately 100,000 underused homes across New South Wales and Victoria.
- Thousands of large houses are occupied by only one person.
- Discussion of empty investment properties and housing-utilization statistics.
- Your argument that housing-shortage calculations should account for vacant and underused properties.
- Viewers report unaffordable rents and difficult conditions in Melbourne and Sydney.
- You suggest that some homeowners could sell and relocate to more affordable Australian regions.
New Zealand — Builders face financial pressure
- Report about New Zealand's largest builder suffering substantial project losses.
- Discussion of an approximately 80% decline in net profit.
- Concerns about construction profitability as market conditions change.
- Viewer reports about weakening property-market conditions.
- Your expectation that financial stress could spread through the construction industry.
Community and channel updates
- Channel passes 2,000 subscribers.
- Unexpected increase of approximately 563 subscribers overnight.
- You thank Australian and New Zealand broadcasters for sharing your housing commentary.
- Appreciation for listeners tuning in from New York, Rochester, Albany, Detroit and other locations.
- Discussion of donating advertising revenue to a women's shelter.
- Live viewer reports from banking, real estate and construction.
- Shout-outs to fellow housing commentators and independent channels.


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