Comments on: Hey! Look Over Here! http://seattlebubble.com/blog/2006/10/09/hey-look-over-here/ local real estate news, statistics, and commentary without the sales spin. Mon, 22 Mar 2010 07:05:02 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: wreckingbullhttp://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8054 wreckingbull Mon, 09 Oct 2006 23:28:27 +0000 http://seattlebubble.com/blog/?p=405#comment-8054 eleua,<br/><br/>I am shocked and dismayed that you would use the word <b>turd</b> to describe a house like that. You bubbleheads are so angry and rude.<br/><br/>Did you not get the memo? This is clearly an example of <i>retro chic</i>.<br/><br/>Furthermore, the lawn is not overgrown, you heathen. It is obviously <i>Northwest au naturale</i>.<br/><br/>Please terminate this campaign of misinformation at once!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8054','wreckingbull',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8054','wreckingbull','eleua,<br\/><br\/>I am shocked and dismayed that you would use the word <b>turd<\/b> to describe a house like that. You bubbleheads are so angry and rude.<br\/><br\/>Did you not get the memo? This is clearly an example of <i>retro chic<\/i>.<br\/><br\/>Furthermore, the lawn is not overgrown, you heathen. It is obviously <i>Northwest au naturale<\/i>.<br\/><br\/>Please terminate this campaign of misinformation at once!',''); return false;">Quote</a></div> eleua,

I am shocked and dismayed that you would use the word turd to describe a house like that. You bubbleheads are so angry and rude.

Did you not get the memo? This is clearly an example of retro chic.

Furthermore, the lawn is not overgrown, you heathen. It is obviously Northwest au naturale.

Please terminate this campaign of misinformation at once!

Reply – Quote
]]> By: dalashttp://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8051 dalas Mon, 09 Oct 2006 23:08:07 +0000 http://seattlebubble.com/blog/?p=405#comment-8051 DC has these "near-manufacturer" homes in downtown Bellevue pricing at 850k or higher. I am sure if you compare the quality of the High Point condos, they're probably near the same quality. <br/><br/>Btw, I know nothing of High Point condos, but the DC project in Bellevue is really horrible looking. They basically shipped all the finished parts and "lego" them together, Quadrant home style...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8051','dalas',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8051','dalas','DC has these \"near-manufacturer\" homes in downtown Bellevue pricing at 850k or higher. I am sure if you compare the quality of the High Point condos, they\'re probably near the same quality. <br\/><br\/>Btw, I know nothing of High Point condos, but the DC project in Bellevue is really horrible looking. They basically shipped all the finished parts and \"lego\" them together, Quadrant home style...',''); return false;">Quote</a></div> DC has these “near-manufacturer” homes in downtown Bellevue pricing at 850k or higher. I am sure if you compare the quality of the High Point condos, they’re probably near the same quality.

Btw, I know nothing of High Point condos, but the DC project in Bellevue is really horrible looking. They basically shipped all the finished parts and “lego” them together, Quadrant home style…

Reply – Quote
]]> By: Eleuahttp://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8050 Eleua Mon, 09 Oct 2006 22:54:05 +0000 http://seattlebubble.com/blog/?p=405#comment-8050 Here is an example of what I see coming this Spring...<br/><br/>This <a HREF="http://www.johnlscott.com/PropertyDetail.aspx?GroupID=32507513&ListingID=12716953&Sort=0" REL="nofollow">turd of a house</a> in downtown Poulsbo has been on the market since late Spring/Early summer.<br/><br/>They had it on for $450K, and it is a disjointed, old, outdated, butt-ugly house on a busy street. I toured the house several months ago, and the agent told me that he already had multiple offers, but they were still holding the window open for anyone who is interested.<br/><br/>Apparently that was a truckload of fertilizer.<br/><br/>Anyway...the house is now vacant, and the yard is overgrown with weeds, is brown, and the property is showing serious neglect.<br/><br/>They have dropped the price of the house $15K, and think that will do the trick.<br/><br/>IT SOLD IN '04 for $270K!!! OK, WTF? These people have the temerity to ask for an extra $180K for 2 years of sitting in a glorified POS. Now, assuming they get their $435K, they don't have the brains or money to pay some kid to mow the lawn and water the yard? WTF?<br/><br/>This will be the norm in 18 months.<br/><br/>Properties will be abandoned, in disrepair, and the sales prices will be stuck.<br/><br/>The REO depts of the lenders will be hopping and looking for people with cash.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8050','Eleua',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8050','Eleua','Here is an example of what I see coming this Spring...<br\/><br\/>This <a HREF=\"http:\/\/www.johnlscott.com\/PropertyDetail.aspx?GroupID=32507513&ListingID=12716953&Sort=0\" REL=\"nofollow\">turd of a house<\/a> in downtown Poulsbo has been on the market since late Spring\/Early summer.<br\/><br\/>They had it on for $450K, and it is a disjointed, old, outdated, butt-ugly house on a busy street. I toured the house several months ago, and the agent told me that he already had multiple offers, but they were still holding the window open for anyone who is interested.<br\/><br\/>Apparently that was a truckload of fertilizer.<br\/><br\/>Anyway...the house is now vacant, and the yard is overgrown with weeds, is brown, and the property is showing serious neglect.<br\/><br\/>They have dropped the price of the house $15K, and think that will do the trick.<br\/><br\/>IT SOLD IN \'04 for $270K!!! OK, WTF? These people have the temerity to ask for an extra $180K for 2 years of sitting in a glorified POS. Now, assuming they get their $435K, they don\'t have the brains or money to pay some kid to mow the lawn and water the yard? WTF?<br\/><br\/>This will be the norm in 18 months.<br\/><br\/>Properties will be abandoned, in disrepair, and the sales prices will be stuck.<br\/><br\/>The REO depts of the lenders will be hopping and looking for people with cash.',''); return false;">Quote</a></div> Here is an example of what I see coming this Spring…

This turd of a house in downtown Poulsbo has been on the market since late Spring/Early summer.

They had it on for $450K, and it is a disjointed, old, outdated, butt-ugly house on a busy street. I toured the house several months ago, and the agent told me that he already had multiple offers, but they were still holding the window open for anyone who is interested.

Apparently that was a truckload of fertilizer.

Anyway…the house is now vacant, and the yard is overgrown with weeds, is brown, and the property is showing serious neglect.

They have dropped the price of the house $15K, and think that will do the trick.

IT SOLD IN ‘04 for $270K!!! OK, WTF? These people have the temerity to ask for an extra $180K for 2 years of sitting in a glorified POS. Now, assuming they get their $435K, they don’t have the brains or money to pay some kid to mow the lawn and water the yard? WTF?

This will be the norm in 18 months.

Properties will be abandoned, in disrepair, and the sales prices will be stuck.

The REO depts of the lenders will be hopping and looking for people with cash.

Reply – Quote
]]> By: emailers2http://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8040 emailers2 Mon, 09 Oct 2006 22:03:42 +0000 http://seattlebubble.com/blog/?p=405#comment-8040 Has any one else seen a softening in the pricing in the Seattle market?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8040','emailers2',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8040','emailers2','Has any one else seen a softening in the pricing in the Seattle market?',''); return false;">Quote</a></div> Has any one else seen a softening in the pricing in the Seattle market?
Reply – Quote
]]> By: msrelohttp://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8014 msrelo Mon, 09 Oct 2006 18:17:28 +0000 http://seattlebubble.com/blog/?p=405#comment-8014 That makes me want to puke... My paycheck comes from Realogy... Anybody know of some hot job openings! :)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8014','msrelo',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8014','msrelo','That makes me want to puke... My paycheck comes from Realogy... Anybody know of some hot job openings! :)',''); return false;">Quote</a></div> That makes me want to puke… My paycheck comes from Realogy… Anybody know of some hot job openings! :)
Reply – Quote
]]> By: Matthewhttp://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8013 Matthew Mon, 09 Oct 2006 18:03:08 +0000 http://seattlebubble.com/blog/?p=405#comment-8013 5000 new units in 5 years, my guess is that in 5 years most of the condos going for 399,000 will be going for half that!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8013','Matthew',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8013','Matthew','5000 new units in 5 years, my guess is that in 5 years most of the condos going for 399,000 will be going for half that!',''); return false;">Quote</a></div> 5000 new units in 5 years, my guess is that in 5 years most of the condos going for 399,000 will be going for half that!
Reply – Quote
]]> By: Grivettihttp://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8012 Grivetti Mon, 09 Oct 2006 17:33:16 +0000 http://seattlebubble.com/blog/?p=405#comment-8012 The should have a contest..<br/><br/><b>New condos: Which one's the <i>emptiest</i> of all?</b><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8012','Grivetti',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8012','Grivetti','The should have a contest..<br\/><br\/><b>New condos: Which one\'s the <i>emptiest<\/i> of all?<\/b>',''); return false;">Quote</a></div> The should have a contest..

New condos: Which one’s the emptiest of all?

Reply – Quote
]]> By: emailers2http://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8008 emailers2 Mon, 09 Oct 2006 15:58:32 +0000 http://seattlebubble.com/blog/?p=405#comment-8008 I did not know SHA did that. It has certaintly made the units in High Point less affordable. You can find comparable properties in West Seattle for the same or less.<br/><br/>Who is competing with Whom in that market area.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8008','emailers2',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8008','emailers2','I did not know SHA did that. It has certaintly made the units in High Point less affordable. You can find comparable properties in West Seattle for the same or less.<br\/><br\/>Who is competing with Whom in that market area.',''); return false;">Quote</a></div> I did not know SHA did that. It has certaintly made the units in High Point less affordable. You can find comparable properties in West Seattle for the same or less.

Who is competing with Whom in that market area.

Reply – Quote
]]> By: seattlenativehttp://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8007 seattlenative Mon, 09 Oct 2006 15:48:32 +0000 http://seattlebubble.com/blog/?p=405#comment-8007 emailers2-<br/><br/>The DC paid top dollar for those lots. The only people that made nay money was the SHA which squiezed every penny out of the builders. It's kind of funny. The SHA's existence is to provide affordable housing yet all they did was force the builder to charge much higher prices.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('8007','seattlenative',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('8007','seattlenative','emailers2-<br\/><br\/>The DC paid top dollar for those lots. The only people that made nay money was the SHA which squiezed every penny out of the builders. It\'s kind of funny. The SHA\'s existence is to provide affordable housing yet all they did was force the builder to charge much higher prices.',''); return false;">Quote</a></div> emailers2-

The DC paid top dollar for those lots. The only people that made nay money was the SHA which squiezed every penny out of the builders. It’s kind of funny. The SHA’s existence is to provide affordable housing yet all they did was force the builder to charge much higher prices.

Reply – Quote
]]> By: emailers2http://seattlebubble.com/blog/2006/10/09/hey-look-over-here/#comment-8003 emailers2 Mon, 09 Oct 2006 14:54:10 +0000 http://seattlebubble.com/blog/?p=405#comment-8003 Here’s a flash for you! The Dwelling Company (DC) at Highpoint is offering a $10,000.00 buyers bonus. I have been following the Highpoint development and DC was not offering a bonus when they first offered these units for sale.

The DC is playing a very interesting game at High Point. It is only pricing a few units at a time, even though they are constructing more units in the same plat. Are they trying to beat out the flippers or just make sure they get the entire price increase themselves? (I have noticed that several developers of small townhouse developments have not been offering their units for pre-sale. Why not?)

We went out to High Point several weeks ago and DC told us that they were not going to price any of the new release units for less then $399,000.00. Last week they released two new units for $359,000.00.

Also Polygon at High Point was offering a $2500-3000 buyers bonus for some of their condos. These High Point properties are priced a little higher and lower than the Seattle median.

Is the lower end of the market in Seattle getting soft or is it just that High Point is over priced?

Let’s not forget that the builders at High Point may have gotten a sweetheart deal on the land from The Seattle Housing Authority. The is speculation on my part if anyone knows please respond. I would like to know what is going on out there.

Reply – Quote
]]>