Re:Rocket Mortgage to trim 8% of workforce as home-loan mark...
by refurb on Thursday April 28, 2022 @10:39AM
(#31193023)
Check out home prices there. Yes, the lake side homes are $2M+ and very impressive, but homes smack in the middle of the city are still close to $1M and 2 bed condos in the $500-$600k range.
And of all the tourist spots in the Okanagan, Kelowna is not a top destination - it's the smaller cosy towns with the corner store and 2 acre lots on the hills overlooking the lakes. Those cost $2M+ and seem a bit more justifiable to me at least. It's like comparing Tahoe, CA to say Tracy, CA.
And I have a family member who owns a 2 bed condo in a small town further south and the price has gone from $300k to $500k. For a plain condo built in 90's in a town of 25,000 filled with people over 60 years old.
And of all the tourist spots in the Okanagan, Kelowna is not a top destination - it's the smaller cosy towns with the corner store and 2 acre lots on the hills overlooking the lakes. Those cost $2M+ and seem a bit more justifiable to me at least. It's like comparing Tahoe, CA to say Tracy, CA.
And I have a family member who owns a 2 bed condo in a small town further south and the price has gone from $300k to $500k. For a plain condo built in 90's in a town of 25,000 filled with people over 60 years old.
It's nuts.