Comments on: News Quickie: Snohomish Building Boom Over http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/ local real estate news, statistics, and commentary without the sales spin. Fri, 12 Mar 2010 17:02:20 -0800 http://wordpress.org/?v=2.9.2 hourly 1 By: laxtosnocohttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27967 laxtosnoco Wed, 17 Oct 2007 03:45:22 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27967 Seattle Man, I would post the median age, but folks on this blog would only criticize the median for being skewed upward by a change in mix toward higher end/older baby boomer types.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27967','laxtosnoco',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27967','laxtosnoco','Seattle Man, I would post the median age, but folks on this blog would only criticize the median for being skewed upward by a change in mix toward higher end\/older baby boomer types.',''); return false;">Quote</a></div> Seattle Man, I would post the median age, but folks on this blog would only criticize the median for being skewed upward by a change in mix toward higher end/older baby boomer types.
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]]> By: deejayohhttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27966 deejayoh Wed, 17 Oct 2007 03:15:11 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27966 <blockquote>A significant number of developers in the heart of the housing boom frenzy of 2005 had gone out the year before and negotiated for land, Britsch said. Property prices reflected the expectation of 30 percent in profits a few years down the road. That worked until 2005."Developers paid so much for the dirt that what they need to charge for the lots isn't what the consumer is willing to pay," Britsch said.</blockquote>This makes no sense. Greg Wharton explained to us how the price will rise purely because costs are higher, didn't he?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27966','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27966','deejayoh','<blockquote>A significant number of developers in the heart of the housing boom frenzy of 2005 had gone out the year before and negotiated for land, Britsch said. Property prices reflected the expectation of 30 percent in profits a few years down the road. That worked until 2005.\r\n\r\n\"Developers paid so much for the dirt that what they need to charge for the lots isn\'t what the consumer is willing to pay,\" Britsch said.<\/blockquote>\r\n\r\nThis makes no sense. Greg Wharton explained to us how the price will rise purely because costs are higher, didn\'t he?',''); return false;">Quote</a></div>

A significant number of developers in the heart of the housing boom frenzy of 2005 had gone out the year before and negotiated for land, Britsch said. Property prices reflected the expectation of 30 percent in profits a few years down the road. That worked until 2005.

“Developers paid so much for the dirt that what they need to charge for the lots isn’t what the consumer is willing to pay,” Britsch said.

This makes no sense. Greg Wharton explained to us how the price will rise purely because costs are higher, didn’t he?

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]]> By: Seattle Manhttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27956 Seattle Man Wed, 17 Oct 2007 01:41:49 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27956 Do you know the average age of readers of this blog?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27956','Seattle Man',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27956','Seattle Man','Do you know the average age of readers of this blog?',''); return false;">Quote</a></div> Do you know the average age of readers of this blog?
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]]> By: redmondjphttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27948 redmondjp Wed, 17 Oct 2007 00:08:58 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27948 Thanks for the link, Q!If you read the article it also mentions that the governmental overlords have prohibited this business from changing or modernizing their facility. Not that it would help their sales any, but anything a company can do to become more efficient will help them to survive through the down times.Business & government -- gotta have both. Can't we just all get along?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27948','redmondjp',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27948','redmondjp','Thanks for the link, Q!\r\n\r\nIf you read the article it also mentions that the governmental overlords have prohibited this business from changing or modernizing their facility. Not that it would help their sales any, but anything a company can do to become more efficient will help them to survive through the down times.\r\n\r\nBusiness & government -- gotta have both. Can\'t we just all get along?',''); return false;">Quote</a></div> Thanks for the link, Q!

If you read the article it also mentions that the governmental overlords have prohibited this business from changing or modernizing their facility. Not that it would help their sales any, but anything a company can do to become more efficient will help them to survive through the down times.

Business & government — gotta have both. Can’t we just all get along?

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]]> By: Qhttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27903 Q Tue, 16 Oct 2007 20:16:19 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27903 The mill story is: http://www.snoho.com/snomill.pdf<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27903','Q',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27903','Q','The mill story is:\r\nhttp:\/\/www.snoho.com\/snomill.pdf',''); return false;">Quote</a></div> The mill story is:
http://www.snoho.com/snomill.pdf
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]]> By: patienthttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27891 patient Tue, 16 Oct 2007 19:07:02 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27891 "and homebuyers need to understand this"Oh yeah, and why is that? Sorry Todd, the time when scare tactics was working is over.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27891','patient',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27891','patient','\"and homebuyers need to understand this\"\r\n\r\nOh yeah, and why is that? Sorry Todd, the time when scare tactics was working is over.',''); return false;">Quote</a></div> “and homebuyers need to understand this”

Oh yeah, and why is that? Sorry Todd, the time when scare tactics was working is over.

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]]> By: notabullhttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27864 notabull Tue, 16 Oct 2007 16:52:12 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27864 "FWIW- Received in two purchase transactions to our office yesterday and both were WAY below list prices and included robust incentives."S-Crow, can you give approximate locations (city is fine, whatever is OK with you) and the % that "WAY below" is? I'm a buyer on the sidelines and it's interesting to me to watch the difference between asking price and selling price. Thanks! :)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27864','notabull',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27864','notabull','\"FWIW- Received in two purchase transactions to our office yesterday and both were WAY below list prices and included robust incentives.\"\r\n\r\nS-Crow, can you give approximate locations (city is fine, whatever is OK with you) and the % that \"WAY below\" is? I\'m a buyer on the sidelines and it\'s interesting to me to watch the difference between asking price and selling price. Thanks! :)',''); return false;">Quote</a></div> “FWIW- Received in two purchase transactions to our office yesterday and both were WAY below list prices and included robust incentives.”

S-Crow, can you give approximate locations (city is fine, whatever is OK with you) and the % that “WAY below” is? I’m a buyer on the sidelines and it’s interesting to me to watch the difference between asking price and selling price. Thanks! :)

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]]> By: Jameshttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27853 James Tue, 16 Oct 2007 16:12:58 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27853 NAR has a commercial running during the current ALCS (Indians vs. RedSox) games. My favorite quote - "If we didn't buy now, we would've missed the opportunity."<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27853','James',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27853','James','NAR has a commercial running during the current ALCS (Indians vs. RedSox) games. My favorite quote - \"If we didn\'t buy now, we would\'ve missed the opportunity.\"',''); return false;">Quote</a></div> NAR has a commercial running during the current ALCS (Indians vs. RedSox) games. My favorite quote – “If we didn’t buy now, we would’ve missed the opportunity.”
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]]> By: S-Crowhttp://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27850 S-Crow Tue, 16 Oct 2007 15:55:06 +0000 http://seattlebubble.com/blog/2007/10/16/news-quickie-snohomish-building-boom-over/#comment-27850 Unfortunately, the local Snohomish town paper The Tribune, announced last week the historic Snohomish lumber mill (next to Harvey Airfield) was laying off, if memory serves me correctly, 120 of it's roughly 145 employees effective immediately and was essentially slowing operations severely until inventory is worked through and the building market rebounds.FWIW- Received in two purchase transactions to our office yesterday and both were WAY below list prices and included robust incentives.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27850','S-Crow',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27850','S-Crow','Unfortunately, the local Snohomish town paper The Tribune, announced last week the historic Snohomish lumber mill (next to Harvey Airfield) was laying off, if memory serves me correctly, 120 of it\'s roughly 145 employees effective immediately and was essentially slowing operations severely until inventory is worked through and the building market rebounds.\r\n\r\nFWIW- Received in two purchase transactions to our office yesterday and both were WAY below list prices and included robust incentives.',''); return false;">Quote</a></div> Unfortunately, the local Snohomish town paper The Tribune, announced last week the historic Snohomish lumber mill (next to Harvey Airfield) was laying off, if memory serves me correctly, 120 of it’s roughly 145 employees effective immediately and was essentially slowing operations severely until inventory is worked through and the building market rebounds.

FWIW- Received in two purchase transactions to our office yesterday and both were WAY below list prices and included robust incentives.

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