Comments on: Follow-Up: State RE Spending Passes House http://seattlebubble.com/blog/2006/02/12/follow-up-state-re-spending-passes-house/ local real estate news, statistics, and commentary without the sales spin. Sun, 14 Mar 2010 07:12:21 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: seattlepricedrophttp://seattlebubble.com/blog/2006/02/12/follow-up-state-re-spending-passes-house/#comment-457 seattlepricedrop Sat, 18 Feb 2006 01:18:06 +0000 http://seattlebubble.com/blog/?p=151#comment-457 More flipper tales:<br/><br/>1919 NE Naomi Place:<br/>bought March 2005: 561,000<br/>on MLS Jan. 2006: 899,000<br/><br/>1221 NE 103rd St:<br/>bought Sept 2004: 230,000<br/>on MLS Jan 2006: 799,950<br/><br/>Here's an intertesting flipper to flipper at 5521 12 Ave NE:<br/><br/>bought July 2004 : 478,000<br/>bought June 2005: 680,000<br/>on Jan 2006 MLS for 779,000<br/><br/>The last flipper on this one is most likely going to get burned, as there are already 2 comparable (actually nicer looking) homes within a block that have come on the market this week for under 550K. Guess his neighbors are unaware how much their property is "worth"!<br/>bought July 2004<br/><br/>The info is courtesy of:<br/><br/>http://www5.metrokc.gov/reports/property_report.asp<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('457','seattlepricedrop',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('457','seattlepricedrop','More flipper tales:<br\/><br\/>1919 NE Naomi Place:<br\/>bought March 2005: 561,000<br\/>on MLS Jan. 2006: 899,000<br\/><br\/>1221 NE 103rd St:<br\/>bought Sept 2004: 230,000<br\/>on MLS Jan 2006: 799,950<br\/><br\/>Here\'s an intertesting flipper to flipper at 5521 12 Ave NE:<br\/><br\/>bought July 2004 : 478,000<br\/>bought June 2005: 680,000<br\/>on Jan 2006 MLS for 779,000<br\/><br\/>The last flipper on this one is most likely going to get burned, as there are already 2 comparable (actually nicer looking) homes within a block that have come on the market this week for under 550K. Guess his neighbors are unaware how much their property is \"worth\"!<br\/>bought July 2004<br\/><br\/>The info is courtesy of:<br\/><br\/>http:\/\/www5.metrokc.gov\/reports\/property_report.asp',''); return false;">Quote</a></div> More flipper tales:

1919 NE Naomi Place:
bought March 2005: 561,000
on MLS Jan. 2006: 899,000

1221 NE 103rd St:
bought Sept 2004: 230,000
on MLS Jan 2006: 799,950

Here’s an intertesting flipper to flipper at 5521 12 Ave NE:

bought July 2004 : 478,000
bought June 2005: 680,000
on Jan 2006 MLS for 779,000

The last flipper on this one is most likely going to get burned, as there are already 2 comparable (actually nicer looking) homes within a block that have come on the market this week for under 550K. Guess his neighbors are unaware how much their property is “worth”!
bought July 2004

The info is courtesy of:

http://www5.metrokc.gov/reports/property_report.asp

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]]> By: seattle price drophttp://seattlebubble.com/blog/2006/02/12/follow-up-state-re-spending-passes-house/#comment-450 seattle price drop Wed, 15 Feb 2006 01:22:29 +0000 http://seattlebubble.com/blog/?p=151#comment-450 Here's an interesting RE "situation" in the Cowen Park/Roosevelt area:<br/><br/>Nice old craftsman (@ 2500 s.f.) comes on the market 3 months ago for @699K. Sits, price reduced to 650K @ 2 weeks ago.<br/><br/>This week, 2 more completely comparable homes within a block of the first one come on the market for 550K and 545K.<br/><br/>All 3 are still sitting.<br/><br/>Whaduya think the chances are of House # 1 selling for 650 now that there are 2 more in the neighborhood for 100K less?<br/><br/>This is EXACTLY how it's supposed to go down.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('450','seattle price drop',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('450','seattle price drop','Here\'s an interesting RE \"situation\" in the Cowen Park\/Roosevelt area:<br\/><br\/>Nice old craftsman (@ 2500 s.f.) comes on the market 3 months ago for @699K. Sits, price reduced to 650K @ 2 weeks ago.<br\/><br\/>This week, 2 more completely comparable homes within a block of the first one come on the market for 550K and 545K.<br\/><br\/>All 3 are still sitting.<br\/><br\/>Whaduya think the chances are of House # 1 selling for 650 now that there are 2 more in the neighborhood for 100K less?<br\/><br\/>This is EXACTLY how it\'s supposed to go down.',''); return false;">Quote</a></div> Here’s an interesting RE “situation” in the Cowen Park/Roosevelt area:

Nice old craftsman (@ 2500 s.f.) comes on the market 3 months ago for @699K. Sits, price reduced to 650K @ 2 weeks ago.

This week, 2 more completely comparable homes within a block of the first one come on the market for 550K and 545K.

All 3 are still sitting.

Whaduya think the chances are of House # 1 selling for 650 now that there are 2 more in the neighborhood for 100K less?

This is EXACTLY how it’s supposed to go down.

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/02/12/follow-up-state-re-spending-passes-house/#comment-447 biliruben Tue, 14 Feb 2006 20:23:17 +0000 http://seattlebubble.com/blog/?p=151#comment-447 Here's a flip-monster trying to make a tidy profit:<br/><br/>http://www.zillow.com/HomeDetails.z?zprop=48918527<br/><br/>Bought in August for $358K, sale price now $629K. And this is after a 20K price drop!<br/><br/>Zillow zestimate=$438K<br/><br/>Don't be greedy mister flip.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('447','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('447','biliruben','Here\'s a flip-monster trying to make a tidy profit:<br\/><br\/>http:\/\/www.zillow.com\/HomeDetails.z?zprop=48918527<br\/><br\/>Bought in August for $358K, sale price now $629K. And this is after a 20K price drop!<br\/><br\/>Zillow zestimate=$438K<br\/><br\/>Don\'t be greedy mister flip.',''); return false;">Quote</a></div> Here’s a flip-monster trying to make a tidy profit:

http://www.zillow.com/HomeDetails.z?zprop=48918527

Bought in August for $358K, sale price now $629K. And this is after a 20K price drop!

Zillow zestimate=$438K

Don’t be greedy mister flip.

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/02/12/follow-up-state-re-spending-passes-house/#comment-446 biliruben Tue, 14 Feb 2006 18:38:46 +0000 http://seattlebubble.com/blog/?p=151#comment-446 Y'all have no historical perspective or memory. The state had more than a billion dollars in a rainy day fund until free-lunchers backed Eyman's initiatives, where he specifically targeted said fund.<br/><br/>Tax-cut-happy voters who don't ponder consequences carry much of the blame for the precarious, short-term nature of this state's budget.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('446','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('446','biliruben','Y\'all have no historical perspective or memory. The state had more than a billion dollars in a rainy day fund until free-lunchers backed Eyman\'s initiatives, where he specifically targeted said fund.<br\/><br\/>Tax-cut-happy voters who don\'t ponder consequences carry much of the blame for the precarious, short-term nature of this state\'s budget.',''); return false;">Quote</a></div> Y’all have no historical perspective or memory. The state had more than a billion dollars in a rainy day fund until free-lunchers backed Eyman’s initiatives, where he specifically targeted said fund.

Tax-cut-happy voters who don’t ponder consequences carry much of the blame for the precarious, short-term nature of this state’s budget.

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]]> By: Anonymoushttp://seattlebubble.com/blog/2006/02/12/follow-up-state-re-spending-passes-house/#comment-444 Anonymous Tue, 14 Feb 2006 03:44:16 +0000 http://seattlebubble.com/blog/?p=151#comment-444 Lawmakers read papers. They know money here today may be gone tomorrow. Thus, they spend it, while they can!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('444','Anonymous',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('444','Anonymous','Lawmakers read papers. They know money here today may be gone tomorrow. Thus, they spend it, while they can!',''); return false;">Quote</a></div> Lawmakers read papers. They know money here today may be gone tomorrow. Thus, they spend it, while they can!
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]]> By: Anonymoushttp://seattlebubble.com/blog/2006/02/12/follow-up-state-re-spending-passes-house/#comment-443 Anonymous Tue, 14 Feb 2006 03:07:26 +0000 http://seattlebubble.com/blog/?p=151#comment-443 Makes you wonder if the lawmakers ever read the paper!<br/><br/>How is it that they don't know the bubble's bursting!?!<br/><br/>Talk about Johnny-come-lately....<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('443','Anonymous',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('443','Anonymous','Makes you wonder if the lawmakers ever read the paper!<br\/><br\/>How is it that they don\'t know the bubble\'s bursting!?!<br\/><br\/>Talk about Johnny-come-lately....',''); return false;">Quote</a></div> Makes you wonder if the lawmakers ever read the paper!

How is it that they don’t know the bubble’s bursting!?!

Talk about Johnny-come-lately….

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]]> By: TimFhttp://seattlebubble.com/blog/2006/02/12/follow-up-state-re-spending-passes-house/#comment-442 TimF Tue, 14 Feb 2006 02:18:16 +0000 http://seattlebubble.com/blog/?p=151#comment-442 'Baja BC' has been a boom and bust state for the almost 25 years I've lived here. Used to be coupled to the Boeing business cycle, but looks like construction is the driver this time. In each boom, the legislature swears it will bank the surplus, then spends every dime. Then the inevitable bust hits and they raise the sales tax another 1% because, of course, it's an emergency. Prepare to say hello to 10% sales taxes in Pugetopolis soon.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('442','TimF',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('442','TimF','\'Baja BC\' has been a boom and bust state for the almost 25 years I\'ve lived here. Used to be coupled to the Boeing business cycle, but looks like construction is the driver this time. In each boom, the legislature swears it will bank the surplus, then spends every dime. Then the inevitable bust hits and they raise the sales tax another 1% because, of course, it\'s an emergency. Prepare to say hello to 10% sales taxes in Pugetopolis soon.',''); return false;">Quote</a></div> ‘Baja BC’ has been a boom and bust state for the almost 25 years I’ve lived here. Used to be coupled to the Boeing business cycle, but looks like construction is the driver this time. In each boom, the legislature swears it will bank the surplus, then spends every dime. Then the inevitable bust hits and they raise the sales tax another 1% because, of course, it’s an emergency. Prepare to say hello to 10% sales taxes in Pugetopolis soon.
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