Somali homeownership rate by city

[SuldaanMethylamine]

Ottawa, ON: 35%. Average house price: $401,626
(http://ottawacitizen.com/life/homes/on-the-market-what-the-average-price-gets)

Greater Toronto Area: 20%. Average house price: $602,607 (http://www.thestar.com/business/2015/09/04/average-gta-house-price-up-10-in-august.html)

London, UK: 5%. Average house price: £514,000
(http://www.theguardian.com/business/2014/sep/16/house-prices-record-bubble-interest-rates-uk)

Northern Virginia: 45%. Average house price: $559,988
(http://nvar.com/market-statistics/h...s/market-statistics/housing-market-statistics)

Edmonton, AB: ? Average house price: $368,874
(http://www.ereb.com/News&Events/LatestMarketStatistics.html)

Twin Cities: ? Average house price: $212,500
(http://www.zillow.com/minneapolis-st-paul-metro-mn_r394865/home-values/)

Columbus, OH: ? Average house price: $150,500
(http://www.zillow.com/columbus-metro-oh_r394492/home-values/)

Feel free fill in the missing data or add in other cities

 

[Inactive]

Probably 10% in Edmonton. Everyone is either a newly arrived fob or gangbanger

 

[Queen Carawelo]

212k for a house? I bet it's in the North side.

 

[freeAgent]

5% is no joke in London trust me

 

[Southsidemj1]

London house prices are going through the roof

 

[Reddington]

I think the Somali home ownership in Columbus is pretty decent. I know many families that own houses out right, but not at the price you mentioned. Columbus has one of the cheapest housing markets, 4-5 bedroom houses in areas where there are good schools are on average below $150k.

That, and the fact that Columbus Somalis are very entrepreneurial, probably more than Somalis in other cities could have something to do with it.

 

[rcv]

Somalis always want to live in heavily urbanized areas and then complain about real estate prices.

My fam bought a 4000 Sq ft house in the outskirts of a city in a rural area with access to high speed Internet and the house is only 500k. I understand that's not for everyone, but it's still a great way to get a good house for a relatively cheap price.

 

[menace]

I am not bragging but let me just give you a food for thought ..my family alone owns 4 homes here..I've noticed that we bought them just the past 7 years...

One home we bought it for hooyo. How we bought this house was kind of unusual..it was being sold by the bank bc it was being foreclosed on a U.S. military veteran who was badly rocked by the meltdown (2008 is when we bought it )..the house was $140k..but after he picked up his baseball bat and smashed it the bank was selling it for $40k, xaraash..we snatched it and hired some Mexicans and spend just $20k..it's been 7 years and it is the family base..that's where the meetings take place,the family meetings

 

[SuldaanMethylamine]

5% is no joke in London trust me

I know a bunch of people who bought houses in the 80s and 90s who will be if they decide to sell their house. Also lots of Somalis are buying their council house and renting it out at a much higher price.

Somalis always want to live in heavily urbanized areas and then complain about real estate prices.

My fam bought a 4000 Sq ft house in the outskirts of a city in a rural area with access to high speed Internet and the house is only 500k. I understand that's not for everyone, but it's still a great way to get a good house for a relatively cheap price.

MashaAllah bro that's awesome. In a couple of years you guys are gonna be eating when your area becomes urbanized and the value doubles. Only downside is you guys are gonna be dealing with hicks in the meantime lol

 

[Apollo]

Why buy a house when you are in your 20s or 30s? You can't move around as easily for jobs, unless you plan to live in your current city for decades. Renting gives you more freedom when you are young.

 

[menace]

Meth...the reason I said my family alone owns 4 homes is to make you understand the magnitude of Somali Columbus home ownership ..I reckon it to be 55%

 

[menace]

Why buy a house when you are in your 20s or 30s? You can't move around as easily for jobs, unless you plan to live in your current city for decades. Renting gives you more freedom when you are young.

What about if you are married ?

 

[Apollo]

What about if you are married ?

In that case, it's slightly more advantageous. But if you plan on moving around in the foreseeable future I wouldn't buy.

 

[SuldaanMethylamine]

Meth...the reason I said my family alone owns 4 homes is to make you understand the magnitude of Somali Columbus home ownership ..I reckon it to be 55%

Shout out to reer Columbus then.

But how do you explain this video

 

[menace]

Shout out to reer Columbus then.

But how do you explain this video

This is the method to catapult to home ownership ...a lot of them are making a killing by getting this section 8 and then taking it to their family member ( family members here have came with different names and don't appear they related) who owns a home ( the home they been living in to begin with ) and this family member is giving full rental cost by the government , unbeknownst to the gov they are paying to the same family

 

[SuldaanMethylamine]

This is the method to catapult to home ownership ...a lot of them are making a killing by getting this section 8 and then taking it to their family member ( family members here have came with different names and don't appear they related) who owns a home ( the home they been living in to begin with ) and this family member is giving full rental cost by the government , unbeknownst to the gov they are paying to the same family

So that's how you guys got 4 houses

 

[menace]

So that's how you guys got 4 houses

I won't divulge into that