Comments on: Seattle Bubble Glossary http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/ local real estate news, statistics, and commentary without the sales spin. Sun, 21 Mar 2010 18:14:40 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Tomhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-36605 Tom Wed, 16 Jan 2008 19:03:36 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-36605 How about MOS? I saw it on Tim's Charts, and can't quite guess at the meaning..<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('36605','Tom',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('36605','Tom','How about MOS? I saw it on Tim\'s Charts, and can\'t quite guess at the meaning..',''); return false;">Quote</a></div> How about MOS? I saw it on Tim’s Charts, and can’t quite guess at the meaning..
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]]> By: david loshhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35433 david losh Mon, 07 Jan 2008 03:50:35 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35433 WTF?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35433','david losh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35433','david losh','WTF?',''); return false;">Quote</a></div> WTF?
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]]> By: economisthttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35431 economist Mon, 07 Jan 2008 03:45:39 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35431 <i>Holy Cow! There are people who need to buy.</i>No Dave, nobody needs to buy. Ever.But <b>somebody</b> always needs to sell.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35431','economist',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35431','economist','<i>Holy Cow! There are people who need to buy.<\/i>\r\n\r\nNo Dave, nobody needs to buy. Ever.\r\n\r\nBut <b>somebody<\/b> always needs to sell.',''); return false;">Quote</a></div> Holy Cow! There are people who need to buy.

No Dave, nobody needs to buy. Ever.

But somebody always needs to sell.

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]]> By: Benhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35396 Ben Sun, 06 Jan 2008 21:11:40 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35396 We are nowhere near 2005 price levels yet. At least, not in terms of what people are trying to get for what they bought in 2005.Case in point:http://www.cbbain.com/PropertyDetail.aspx?GroupID=32574346&ListingID=30685099This was selling for about 600k in 2005 (when it was new).I am interested to see if it sells for anywhere near the current asking price of $874k. Even selling it for $700k right now would be better than 5% appreciation per year, if I have my numbers right.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35396','Ben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35396','Ben','We are nowhere near 2005 price levels yet. At least, not in terms of what people are trying to get for what they bought in 2005.\r\n\r\nCase in point:\r\n\r\nhttp:\/\/www.cbbain.com\/PropertyDetail.aspx?GroupID=32574346&ListingID=30685099\r\n\r\nThis was selling for about 600k in 2005 (when it was new).\r\n\r\nI am interested to see if it sells for anywhere near the current asking price of $874k. Even selling it for $700k right now would be better than 5% appreciation per year, if I have my numbers right.',''); return false;">Quote</a></div> We are nowhere near 2005 price levels yet. At least, not in terms of what people are trying to get for what they bought in 2005.

Case in point:

http://www.cbbain.com/PropertyDetail.aspx?GroupID=32574346&ListingID=30685099

This was selling for about 600k in 2005 (when it was new).

I am interested to see if it sells for anywhere near the current asking price of $874k. Even selling it for $700k right now would be better than 5% appreciation per year, if I have my numbers right.

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]]> By: Matthewhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35393 Matthew Sun, 06 Jan 2008 21:01:27 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35393 Yes there is a plague, its called great depression 2.0, coming to a neighborhood near you!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35393','Matthew',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35393','Matthew','Yes there is a plague, its called great depression 2.0, coming to a neighborhood near you!',''); return false;">Quote</a></div> Yes there is a plague, its called great depression 2.0, coming to a neighborhood near you!
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]]> By: Ray Pepperhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35388 Ray Pepper Sun, 06 Jan 2008 20:42:19 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35388 Yes, Gas will hit 4.00-5.00 a gallon. Were already in a recession..."Precipice of disaster." Good Lord! Is their a plague breaking out? Terrorism? Earthquake? .....come on Matt. PNW my friend. PORT, MSFT, BOEING.....50%-70% declines in home prices are you calling for ??...Go try and Peddle your high wheat prices somewhere else. Many Many jobs up here. Sure were coming down but by all means this is no "Precipice of Disaster." Find your GEMS in the coming years. There will be many!Ray Pepper Broker www.500Realty.net<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35388','Ray Pepper',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35388','Ray Pepper','Yes, Gas will hit 4.00-5.00 a gallon. Were already in a recession...\"Precipice of disaster.\" Good Lord! Is their a plague breaking out? Terrorism? Earthquake? .....come on Matt. PNW my friend. PORT, MSFT, BOEING.....50%-70% declines in home prices are you calling for ??...Go try and Peddle your high wheat prices somewhere else. Many Many jobs up here. Sure were coming down but by all means this is no \"Precipice of Disaster.\" Find your GEMS in the coming years. There will be many! \r\n\r\n\r\n\r\nRay Pepper\r\nBroker\r\nwww.500Realty.net',''); return false;">Quote</a></div> Yes, Gas will hit 4.00-5.00 a gallon. Were already in a recession…”Precipice of disaster.” Good Lord! Is their a plague breaking out? Terrorism? Earthquake? …..come on Matt. PNW my friend. PORT, MSFT, BOEING…..50%-70% declines in home prices are you calling for ??…Go try and Peddle your high wheat prices somewhere else. Many Many jobs up here. Sure were coming down but by all means this is no “Precipice of Disaster.” Find your GEMS in the coming years. There will be many!

Ray Pepper
Broker
http://www.500Realty.net

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]]> By: Matthewhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35385 Matthew Sun, 06 Jan 2008 19:46:38 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35385 BTW Ray,Still don't agree with immediate stagflation as a transition to deflation? How's that 100 dollar a barrel oil treating you? How's record high wheat and corn prices treating you along with a record low dollar?Open your eyes dude. This isn't your traditional economic slowdown at the end of a traditional cycle. We are on the precipice of disaster.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35385','Matthew',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35385','Matthew','BTW Ray,\r\n\r\nStill don\'t agree with immediate stagflation as a transition to deflation? How\'s that 100 dollar a barrel oil treating you? How\'s record high wheat and corn prices treating you along with a record low dollar?\r\n\r\nOpen your eyes dude. This isn\'t your traditional economic slowdown at the end of a traditional cycle. We are on the precipice of disaster.',''); return false;">Quote</a></div> BTW Ray,

Still don’t agree with immediate stagflation as a transition to deflation? How’s that 100 dollar a barrel oil treating you? How’s record high wheat and corn prices treating you along with a record low dollar?

Open your eyes dude. This isn’t your traditional economic slowdown at the end of a traditional cycle. We are on the precipice of disaster.

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]]> By: Matthewhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35384 Matthew Sun, 06 Jan 2008 19:44:51 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35384 Are there diamonds in the rough out there? Possibly. Is that chance that the "diamond" will be worth much less in the immediate future? Absolutely.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35384','Matthew',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35384','Matthew','Are there diamonds in the rough out there? Possibly. Is that chance that the \"diamond\" will be worth much less in the immediate future? Absolutely.',''); return false;">Quote</a></div> Are there diamonds in the rough out there? Possibly. Is that chance that the “diamond” will be worth much less in the immediate future? Absolutely.
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]]> By: Ira Sacharoffhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35381 Ira Sacharoff Sun, 06 Jan 2008 18:49:07 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35381 I don't disagree with Ray that there are bargains out there. What I am saying is that I think the vast majority of homes in the Seattle area are still overpriced and will still see further price declines. And Bitterowner is right about Real Estate professionals. But I also think that a lot of them actually believe what they're spewing. They're good salesmen and convince themselves of the nonsense they're spreading. I've never been able to do that. If I really believe something, I'm very persuasive. Otherwise, not so much. That said, some people here believe that if you bought a house now it would be the dumbest thing you could ever do and that you wouldn't see any equity for 10 years or more. I don't believe that. I think most people would be wise to hold off buying for at least 6 months to 2 years unless they found a screaming deal.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35381','Ira Sacharoff',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35381','Ira Sacharoff','I don\'t disagree with Ray that there are bargains out there. What I am saying is that I think the vast majority of homes in the Seattle area are still overpriced and will still see further price declines.\r\nAnd Bitterowner is right about Real Estate professionals. But I also think that a lot of them actually believe what they\'re spewing. They\'re good salesmen and convince themselves of the nonsense they\'re spreading.\r\nI\'ve never been able to do that. If I really believe something, I\'m very persuasive. Otherwise, not so much.\r\nThat said, some people here believe that if you bought a house now it would be the dumbest thing you could ever do and that you wouldn\'t see any equity for 10 years or more. I don\'t believe that. I think most people would be wise to hold off buying for at least 6 months to 2 years unless they found a screaming deal.',''); return false;">Quote</a></div> I don’t disagree with Ray that there are bargains out there. What I am saying is that I think the vast majority of homes in the Seattle area are still overpriced and will still see further price declines.
And Bitterowner is right about Real Estate professionals. But I also think that a lot of them actually believe what they’re spewing. They’re good salesmen and convince themselves of the nonsense they’re spreading.
I’ve never been able to do that. If I really believe something, I’m very persuasive. Otherwise, not so much.
That said, some people here believe that if you bought a house now it would be the dumbest thing you could ever do and that you wouldn’t see any equity for 10 years or more. I don’t believe that. I think most people would be wise to hold off buying for at least 6 months to 2 years unless they found a screaming deal.
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]]> By: Ray Pepperhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35380 Ray Pepper Sun, 06 Jan 2008 18:31:40 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35380 Oh my goodness gentleman. Real Estate Boom/Bust. Theres always diamonds in the rough. Its all about timing, and buying when theres blood on the street. For me its about #'s Only #'s. If I buy for 120-150k it must rent for 1000. The rental mkt must support the price. Personally, I tend to buy just commercial but I'm again starting to dabble back in the residential mkt in areas where I know the builders are buried. I never bought a condo for I could never make them cash flow. I bought many single wide mobiles on their own land for 35-45k for they all rent for 800.00. Their cash flow is just too great. To each his own. I know what works for my portfolio. I had a high of 33 properties in 2004. Feb 2007 I sold my last property and my entire portfolio was trimmed to 17 properties. Mostly commercial. Its time to start getting the toes wet again in residential. Don't be blind to areas outside Washington State. I jump on a plane to see the carnage in Phoenix next week. Mostly for titillation for I'm just travelling with a group of investors who want homes. I never bought in AZ nor will I. It takes alot of time to get to know a market. No one is more conservative then myself.**As for tooting my own horn**I encourage you to List with who you want and buy with who you want. If you have a close relationship with someone in real estate USE THEM!! They are bleeding as well.I'm an investor at heart. Thats all I know. Other then 10 years as an RN. But, nursing was a means for me to buy real estate.500 Realty and many after it are changing real estate for the better!. I adore Red Fin and MLS 4 Owners. Just be smart and always do DD.Go Hawks. Whew what a 4th Qtr.... Anyone going to Green Bay? Tickets? I want to skip Phoenix and go to Green Bay but I doubt I can talk the group into searching for RE in GB.Ray Pepper Broker www.500Realty.net<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35380','Ray Pepper',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35380','Ray Pepper','Oh my goodness gentleman. Real Estate Boom\/Bust. Theres always diamonds in the rough. Its all about timing, and buying when theres blood on the street. For me its about #\'s Only #\'s. If I buy for 120-150k it must rent for 1000. The rental mkt must support the price. Personally, I tend to buy just commercial but I\'m again starting to dabble back in the residential mkt in areas where I know the builders are buried. I never bought a condo for I could never make them cash flow. I bought many single wide mobiles on their own land for 35-45k for they all rent for 800.00. Their cash flow is just too great. To each his own. I know what works for my portfolio. I had a high of 33 properties in 2004. Feb 2007 I sold my last property and my entire portfolio was trimmed to 17 properties. Mostly commercial. Its time to start getting the toes wet again in residential. Don\'t be blind to areas outside Washington State. I jump on a plane to see the carnage in Phoenix next week. Mostly for titillation for I\'m just travelling with a group of investors who want homes. I never bought in AZ nor will I. It takes alot of time to get to know a market. No one is more conservative then myself.\r\n\r\n**As for tooting my own horn**\r\n\r\nI encourage you to List with who you want and buy with who you want. If you have a close relationship with someone in real estate USE THEM!! They are bleeding as well. \r\n\r\nI\'m an investor at heart. Thats all I know. Other then 10 years as an RN. But, nursing was a means for me to buy real estate. \r\n\r\n 500 Realty and many after it are changing real estate for the better!. I adore Red Fin and MLS 4 Owners. Just be smart and always do DD. \r\n\r\nGo Hawks. Whew what a 4th Qtr.... Anyone going to Green Bay? Tickets? I want to skip Phoenix and go to Green Bay but I doubt I can talk the group into searching for RE in GB. \r\n\r\nRay Pepper\r\nBroker\r\nwww.500Realty.net',''); return false;">Quote</a></div> Oh my goodness gentleman. Real Estate Boom/Bust. Theres always diamonds in the rough. Its all about timing, and buying when theres blood on the street. For me its about #’s Only #’s. If I buy for 120-150k it must rent for 1000. The rental mkt must support the price. Personally, I tend to buy just commercial but I’m again starting to dabble back in the residential mkt in areas where I know the builders are buried. I never bought a condo for I could never make them cash flow. I bought many single wide mobiles on their own land for 35-45k for they all rent for 800.00. Their cash flow is just too great. To each his own. I know what works for my portfolio. I had a high of 33 properties in 2004. Feb 2007 I sold my last property and my entire portfolio was trimmed to 17 properties. Mostly commercial. Its time to start getting the toes wet again in residential. Don’t be blind to areas outside Washington State. I jump on a plane to see the carnage in Phoenix next week. Mostly for titillation for I’m just travelling with a group of investors who want homes. I never bought in AZ nor will I. It takes alot of time to get to know a market. No one is more conservative then myself.

**As for tooting my own horn**

I encourage you to List with who you want and buy with who you want. If you have a close relationship with someone in real estate USE THEM!! They are bleeding as well.

I’m an investor at heart. Thats all I know. Other then 10 years as an RN. But, nursing was a means for me to buy real estate.

500 Realty and many after it are changing real estate for the better!. I adore Red Fin and MLS 4 Owners. Just be smart and always do DD.

Go Hawks. Whew what a 4th Qtr…. Anyone going to Green Bay? Tickets? I want to skip Phoenix and go to Green Bay but I doubt I can talk the group into searching for RE in GB.

Ray Pepper
Broker
http://www.500Realty.net

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]]> By: bitterownerhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35375 bitterowner Sun, 06 Jan 2008 17:53:52 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35375 Losh, RE professionals could not see the market turn for the same reason they cannot admit the obvious at this point - because they see their livelihood as being at stake.(the same was true with bankers and asset-backed securities). I think there is a misconception that by spewing positively inclined fallacies on blogs such as RCG RE professionals can reverse negative psychology and artificially prop up a falling market, which is obviously a ridiculous notion. Psychology is an important component to asset bubbles but at this point financial reality will overwhelm psychology. The impending real estate bust has been obvious to those who can divorce themselves from self-interest.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35375','bitterowner',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35375','bitterowner','Losh, RE professionals could not see the market turn for the same reason they cannot admit the obvious at this point - because they see their livelihood as being at stake.(the same was true with bankers and asset-backed securities). I think there is a misconception that by spewing positively inclined fallacies on blogs such as RCG RE professionals can reverse negative psychology and artificially prop up a falling market, which is obviously a ridiculous notion. Psychology is an important component to asset bubbles but at this point financial reality will overwhelm psychology. The impending real estate bust has been obvious to those who can divorce themselves from self-interest.',''); return false;">Quote</a></div> Losh, RE professionals could not see the market turn for the same reason they cannot admit the obvious at this point – because they see their livelihood as being at stake.(the same was true with bankers and asset-backed securities). I think there is a misconception that by spewing positively inclined fallacies on blogs such as RCG RE professionals can reverse negative psychology and artificially prop up a falling market, which is obviously a ridiculous notion. Psychology is an important component to asset bubbles but at this point financial reality will overwhelm psychology. The impending real estate bust has been obvious to those who can divorce themselves from self-interest.
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]]> By: david loshhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35374 david losh Sun, 06 Jan 2008 17:46:54 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35374 Double Cow Holy! WTF! Dayton Nevada!!!! Silver Springs!!!! $190K!!!! We have a saying in our family that there is a sucker born every minute. Please, rural America may be a bargain, but for who? Can we get the Butte Montana video out for the next post? I've been working on a deal in Boulder Wyoming for the past week. The Real Estate agent is telling me $6000 per acre, I have data saying closer to $2000. On two hundred and forty acres that seems like a big difference. Now we have the State of Nevada booster. $190K for Henderson maybe, I mean maybe.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35374','david losh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35374','david losh','Double Cow Holy!\r\nWTF!\r\nDayton Nevada!!!! Silver Springs!!!! \r\n$190K!!!!\r\nWe have a saying in our family that there is a sucker born every minute. Please, rural America may be a bargain, but for who?\r\nCan we get the Butte Montana video out for the next post? I\'ve been working on a deal in Boulder Wyoming for the past week. The Real Estate agent is telling me $6000 per acre, I have data saying closer to $2000. On two hundred and forty acres that seems like a big difference.\r\nNow we have the State of Nevada booster. $190K for Henderson maybe, I mean maybe.',''); return false;">Quote</a></div> Double Cow Holy!
WTF!
Dayton Nevada!!!! Silver Springs!!!!
$190K!!!!
We have a saying in our family that there is a sucker born every minute. Please, rural America may be a bargain, but for who?
Can we get the Butte Montana video out for the next post? I’ve been working on a deal in Boulder Wyoming for the past week. The Real Estate agent is telling me $6000 per acre, I have data saying closer to $2000. On two hundred and forty acres that seems like a big difference.
Now we have the State of Nevada booster. $190K for Henderson maybe, I mean maybe.
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]]> By: bitterownerhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35373 bitterowner Sun, 06 Jan 2008 17:44:33 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35373 Ray, I will ask what many have already asked on this site. After the largest RE bubble in history, prices here in the Seattle area have corrected to arguably 2005 vs 2006 levels (or not even that far yet). That is truly a miniscule correction at this point. What could possibly make you believe that the correction will not be much greater and continue well into 2009? It seems more likely that prices will dwindle over a much longer time period for many of the very reasons you have mentioned. Good luck with your business model. A change in the RE commission structure was/is definitely needed and is in the cards. We can probably do without the cheerleading and used car sales pitch, though.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35373','bitterowner',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35373','bitterowner','Ray,\r\nI will ask what many have already asked on this site. After the largest RE bubble in history, prices here in the Seattle area have corrected to arguably 2005 vs 2006 levels (or not even that far yet). That is truly a miniscule correction at this point. What could possibly make you believe that the correction will not be much greater and continue well into 2009?\r\nIt seems more likely that prices will dwindle over a much longer time period for many of the very reasons you have mentioned.\r\nGood luck with your business model. A change in the RE commission structure was\/is definitely needed and is in the cards. We can probably do without the cheerleading and used car sales pitch, though.',''); return false;">Quote</a></div> Ray,
I will ask what many have already asked on this site. After the largest RE bubble in history, prices here in the Seattle area have corrected to arguably 2005 vs 2006 levels (or not even that far yet). That is truly a miniscule correction at this point. What could possibly make you believe that the correction will not be much greater and continue well into 2009?
It seems more likely that prices will dwindle over a much longer time period for many of the very reasons you have mentioned.
Good luck with your business model. A change in the RE commission structure was/is definitely needed and is in the cards. We can probably do without the cheerleading and used car sales pitch, though.
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]]> By: David McManushttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35372 David McManus Sun, 06 Jan 2008 17:29:36 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35372 “What’s more interesting to me is the vast number of Real Estate Professionals who never saw the market change coming.”

What’s even more interesting to me are the “professionals” who are still denying that the market has changed and are still saying “BUY, BUY, BUY! It’s ALWAYS a GREAT time to BUY!”

“REAL ESTATE NEVER GOES DOWN!”

-D

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]]> By: Ray Pepperhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35367 Ray Pepper Sun, 06 Jan 2008 17:12:34 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35367 Economist my contention is that in a years time the deal that you find in March 2008 most likely will not be available in March 2009. But, I do agree if you let 1 go there will surely be another. I'm the KING of letting 1 go because I couldn't come to an agreement over 2000 or 3000 bucks. Over the years I kicked myself for not pulling the trigger. Remember the Dayton Foreclosure I discussed last week that was signed around at 190k? by myself. Someone else stepped up and paid 193k. I'm out. Am I upset?? NO! Was I willing to pay 194k? NO WAY! The Agent was upset who represented me for he lost his commission. Ah well. He knew from the beginning I would NOT pay any more. There are too many more deals coming down the Pike.The difficulty in obtaining loans will make it even better for the saavy investor. .But, you must find the GEM!!Currently my targets are Dayton Nv, Silver Springs Nv, Albany Oregon, and Puyallup Wa. Many Many small builders have too much stock on hand and these homes will have to be sold in 2008. TGT prices in Oregon and Nv are 120-140k Puyallup 170k. I tend to buy homes less then 3 years old and immediately Craigs List them out on Rent to Own. When you lease option the homes you get large deposits, tenant does repairs, and you get cashed out in 3 years.But, finding the GEM is what takes persistence. There will be ALOT of these GEMS coming.Educate Yourself Washington. there is ALOT of $$ to be made now and in the next 3 years.Ray Pepper Broker www.500Realty.net<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35367','Ray Pepper',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35367','Ray Pepper','Economist my contention is that in a years time the deal that you find in March 2008 most likely will not be available in March 2009. But, I do agree if you let 1 go there will surely be another. I\'m the KING of letting 1 go because I couldn\'t come to an agreement over 2000 or 3000 bucks. Over the years I kicked myself for not pulling the trigger. Remember the Dayton Foreclosure I discussed last week that was signed around at 190k? by myself. Someone else stepped up and paid 193k. I\'m out. Am I upset?? NO! Was I willing to pay 194k? NO WAY! The Agent was upset who represented me for he lost his commission. Ah well. He knew from the beginning I would NOT pay any more. There are too many more deals coming down the Pike.\r\n\r\n The difficulty in obtaining loans will make it even better for the saavy investor. .But, you must find the GEM!!\r\n\r\n Currently my targets are Dayton Nv, Silver Springs Nv, Albany Oregon, and Puyallup Wa. Many Many small builders have too much stock on hand and these homes will have to be sold in 2008. TGT prices in Oregon and Nv are 120-140k Puyallup 170k. I tend to buy homes less then 3 years old and immediately Craigs List them out on Rent to Own. When you lease option the homes you get large deposits, tenant does repairs, and you get cashed out in 3 years. \r\n\r\n But, finding the GEM is what takes persistence. There will be ALOT of these GEMS coming. \r\n\r\nEducate Yourself Washington. there is ALOT of $$ to be made now and in the next 3 years. \r\n\r\nRay Pepper\r\nBroker\r\nwww.500Realty.net',''); return false;">Quote</a></div> Economist my contention is that in a years time the deal that you find in March 2008 most likely will not be available in March 2009. But, I do agree if you let 1 go there will surely be another. I’m the KING of letting 1 go because I couldn’t come to an agreement over 2000 or 3000 bucks. Over the years I kicked myself for not pulling the trigger. Remember the Dayton Foreclosure I discussed last week that was signed around at 190k? by myself. Someone else stepped up and paid 193k. I’m out. Am I upset?? NO! Was I willing to pay 194k? NO WAY! The Agent was upset who represented me for he lost his commission. Ah well. He knew from the beginning I would NOT pay any more. There are too many more deals coming down the Pike.

The difficulty in obtaining loans will make it even better for the saavy investor. .But, you must find the GEM!!

Currently my targets are Dayton Nv, Silver Springs Nv, Albany Oregon, and Puyallup Wa. Many Many small builders have too much stock on hand and these homes will have to be sold in 2008. TGT prices in Oregon and Nv are 120-140k Puyallup 170k. I tend to buy homes less then 3 years old and immediately Craigs List them out on Rent to Own. When you lease option the homes you get large deposits, tenant does repairs, and you get cashed out in 3 years.

But, finding the GEM is what takes persistence. There will be ALOT of these GEMS coming.

Educate Yourself Washington. there is ALOT of $$ to be made now and in the next 3 years.

Ray Pepper
Broker
http://www.500Realty.net

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]]> By: david loshhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35363 david losh Sun, 06 Jan 2008 16:17:04 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35363 Holy Cow! There are people who need to buy. There are people who are buying bargains. There are a lot of bargains. Lots and Lots of bargains. The thing is, why would I buy into a market place that I have to spend money to hold a property when some one else can hold it for me? I'm just saying that if I buy a house today can I rent it for the payment or will I be feeding the negative? Will there be appreciation enough to cover the negative or should I wait for the over all economy to turn around? Is today the bottom of the market? I'm in the Real Estate business. There are many people who need to sell in the realty of today's market place. My wife and I sold our properties over the past three years. What's interesting to me is that this Tim guy isn't in the Real Estate business yet saw things the way I did two years ago. What's more interesting to me is the vast number of Real Estate Professionals who never saw the market change coming.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35363','david losh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35363','david losh','Holy Cow! There are people who need to buy. There are people who are buying bargains. There are a lot of bargains. Lots and Lots of bargains. \r\nThe thing is, why would I buy into a market place that I have to spend money to hold a property when some one else can hold it for me? I\'m just saying that if I buy a house today can I rent it for the payment or will I be feeding the negative? Will there be appreciation enough to cover the negative or should I wait for the over all economy to turn around? Is today the bottom of the market? \r\nI\'m in the Real Estate business. There are many people who need to sell in the realty of today\'s market place. My wife and I sold our properties over the past three years. What\'s interesting to me is that this Tim guy isn\'t in the Real Estate business yet saw things the way I did two years ago. What\'s more interesting to me is the vast number of Real Estate Professionals who never saw the market change coming.',''); return false;">Quote</a></div> Holy Cow! There are people who need to buy. There are people who are buying bargains. There are a lot of bargains. Lots and Lots of bargains.
The thing is, why would I buy into a market place that I have to spend money to hold a property when some one else can hold it for me? I’m just saying that if I buy a house today can I rent it for the payment or will I be feeding the negative? Will there be appreciation enough to cover the negative or should I wait for the over all economy to turn around? Is today the bottom of the market?
I’m in the Real Estate business. There are many people who need to sell in the realty of today’s market place. My wife and I sold our properties over the past three years. What’s interesting to me is that this Tim guy isn’t in the Real Estate business yet saw things the way I did two years ago. What’s more interesting to me is the vast number of Real Estate Professionals who never saw the market change coming.
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]]> By: economisthttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35361 economist Sun, 06 Jan 2008 15:17:08 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35361 <i>In the next 12 months there will be many more sellers that must sell.</i>But there won't be many, if any, more people who are able to buy. Which means you'll be able to get a better deal in a year's time than now.Right?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35361','economist',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35361','economist','<i>In the next 12 months there will be many more sellers that must sell.<\/i>\r\n\r\nBut there won\'t be many, if any, more people who are able to buy. Which means you\'ll be able to get a better deal in a year\'s time than now.\r\n\r\nRight?',''); return false;">Quote</a></div> In the next 12 months there will be many more sellers that must sell.

But there won’t be many, if any, more people who are able to buy. Which means you’ll be able to get a better deal in a year’s time than now.

Right?

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]]> By: Ray Pepperhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35343 Ray Pepper Sun, 06 Jan 2008 08:31:08 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35343 "now is NOT a good time to buy, and prices will fall further."I will say it again. Each deal is its own entity. I dont care if its Jan 2008 or Jan 2010. Wait and wait but Always look. Sure prices are coming down. But, nailing a short sale now, foreclosure, or that property that has been sitting 9 months for 250k and getting a deal signed around for 170k is happening. In the next 12 months there will be many more sellers that must sell. In this PNW economy 25%-40% off is one heck of a starting point. Find the GEMS friends and educate yourself!Ray Pepper Broker www.500Realty.net<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35343','Ray Pepper',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35343','Ray Pepper','\"now is NOT a good time to buy, and prices will fall further.\"\r\n\r\nI will say it again. Each deal is its own entity. I dont care if its Jan 2008 or Jan 2010. Wait and wait but Always look. Sure prices are coming down. But, nailing a short sale now, foreclosure, or that property that has been sitting 9 months for 250k and getting a deal signed around for 170k is happening. In the next 12 months there will be many more sellers that must sell. In this PNW economy 25%-40% off is one heck of a starting point. Find the GEMS friends and educate yourself!\r\n\r\nRay Pepper\r\nBroker\r\nwww.500Realty.net',''); return false;">Quote</a></div> “now is NOT a good time to buy, and prices will fall further.”

I will say it again. Each deal is its own entity. I dont care if its Jan 2008 or Jan 2010. Wait and wait but Always look. Sure prices are coming down. But, nailing a short sale now, foreclosure, or that property that has been sitting 9 months for 250k and getting a deal signed around for 170k is happening. In the next 12 months there will be many more sellers that must sell. In this PNW economy 25%-40% off is one heck of a starting point. Find the GEMS friends and educate yourself!

Ray Pepper
Broker
http://www.500Realty.net

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]]> By: sdfasdfhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35340 sdfasdf Sun, 06 Jan 2008 07:20:32 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35340 this market is just getting crazier and crazier.Check this out: http://www.flixya.com/photo/173755/housing_market_RIP<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35340','sdfasdf',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35340','sdfasdf','this market is just getting crazier and crazier. \r\n\r\nCheck this out: http:\/\/www.flixya.com\/photo\/173755\/housing_market_RIP',''); return false;">Quote</a></div> this market is just getting crazier and crazier.

Check this out: http://www.flixya.com/photo/173755/housing_market_RIP

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]]> By: AndyMiamihttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35322 AndyMiami Sun, 06 Jan 2008 02:50:07 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35322 Tim,Have not read the comments, but maybe a definition for Washington Mutual...as the example of financial institutions that generated toxic mortgages while acting as FDIC institutions..and will ultimately fail or be bought for pennies on the dollar...next up is Wells Fargo..<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35322','AndyMiami',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35322','AndyMiami','Tim,\r\n\r\nHave not read the comments, but maybe a definition for Washington Mutual...as the example of financial institutions that generated toxic mortgages while acting as FDIC institutions..and will ultimately fail or be bought for pennies on the dollar...next up is Wells Fargo..',''); return false;">Quote</a></div> Tim,

Have not read the comments, but maybe a definition for Washington Mutual…as the example of financial institutions that generated toxic mortgages while acting as FDIC institutions..and will ultimately fail or be bought for pennies on the dollar…next up is Wells Fargo..

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]]> By: Ira Sacharoffhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35318 Ira Sacharoff Sun, 06 Jan 2008 01:32:13 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35318 I don't pitch myself here for a couple of reasons. One is that it would diminish my credibility, and really, real estate agents don't have much to begin with, and second, the vast majority of people here believe, and I believe also that now is not a good time to buy, that prices here will fall further..So it would be an incredible waste of time for me to try to persuade people otherwise, especially since I'd have to convince myself to. Also, I had an idea for a reality TV show. I'm not sure what the premise would be, but the players would be an attorney, a used car salesman, a mortgage originator, a real estate agent, and a politician. Players would be eliminated as soon as they did something less than honest. i guess the show could have a very short run.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35318','Ira Sacharoff',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35318','Ira Sacharoff','I don\'t pitch myself here for a couple of reasons. One is that it would diminish my credibility, and really, real estate agents don\'t have much to begin with, and second, the vast majority of people here believe, and I believe also that now is not a good time to buy, that prices here will fall further..So it would be an incredible waste of time for me to try to persuade people otherwise, especially since I\'d have to convince myself to.\r\nAlso, I had an idea for a reality TV show. I\'m not sure what the premise would be, but the players would be an attorney, a used car salesman, a mortgage originator, a real estate agent, and a politician. Players would be eliminated as soon as they did something less than honest.\r\ni guess the show could have a very short run.',''); return false;">Quote</a></div> I don’t pitch myself here for a couple of reasons. One is that it would diminish my credibility, and really, real estate agents don’t have much to begin with, and second, the vast majority of people here believe, and I believe also that now is not a good time to buy, that prices here will fall further..So it would be an incredible waste of time for me to try to persuade people otherwise, especially since I’d have to convince myself to.
Also, I had an idea for a reality TV show. I’m not sure what the premise would be, but the players would be an attorney, a used car salesman, a mortgage originator, a real estate agent, and a politician. Players would be eliminated as soon as they did something less than honest.
i guess the show could have a very short run.
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]]> By: deejayohhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35317 deejayoh Sun, 06 Jan 2008 01:07:41 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35317

**I’m new to blogging and it probably shows.**

actually, you’re just commenting on someone elses blog, and you are treading pretty finely on the spammer line…

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]]> By: David Loshhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35305 David Losh Sat, 05 Jan 2008 21:44:46 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35305 Dr. Pepper, thanks for the plugs. Yes there are times not to buy. We won't buy again probably until September 2008. Things may change. After all Real Estate is a commodity.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35305','David Losh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35305','David Losh','Dr. Pepper, thanks for the plugs. \r\nYes there are times not to buy. We won\'t buy again probably until September 2008. Things may change. After all Real Estate is a commodity.',''); return false;">Quote</a></div> Dr. Pepper, thanks for the plugs.
Yes there are times not to buy. We won’t buy again probably until September 2008. Things may change. After all Real Estate is a commodity.
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]]> By: economisthttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35303 economist Sat, 05 Jan 2008 21:06:51 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35303 <i>MEW is Mortgage Equity Withdrawal.</i>Which is isn't, of course. You withdraw equity from an asset, be it a house, stock, or whatever, by selling it.It's just increasing your debt load by using your house as security. Your exposure to RE remains unchanged, and the effect on your balance sheet would be the same whether you used the house for security or not.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35303','economist',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35303','economist','<i>MEW is Mortgage Equity Withdrawal.<\/i>\r\n\r\nWhich is isn\'t, of course. You withdraw equity from an asset, be it a house, stock, or whatever, by selling it.\r\n\r\nIt\'s just increasing your debt load by using your house as security. Your exposure to RE remains unchanged, and the effect on your balance sheet would be the same whether you used the house for security or not.',''); return false;">Quote</a></div> MEW is Mortgage Equity Withdrawal.

Which is isn’t, of course. You withdraw equity from an asset, be it a house, stock, or whatever, by selling it.

It’s just increasing your debt load by using your house as security. Your exposure to RE remains unchanged, and the effect on your balance sheet would be the same whether you used the house for security or not.

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]]> By: disbeliefhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35300 disbelief Sat, 05 Jan 2008 20:27:23 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35300 I meant to say that Ira is open about that on this site-not just the forum.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35300','disbelief',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35300','disbelief','I meant to say that Ira is open about that on this site-not just the forum.',''); return false;">Quote</a></div> I meant to say that Ira is open about that on this site-not just the forum.
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]]> By: disbeliefhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35299 disbelief Sat, 05 Jan 2008 20:24:31 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35299 Ray,Just read the Tim's post to this thread. He asks that posters limit their posts to the subject matter of the thread, which is the building of a glossary for the site. Even when posts get a little off topic due to lack of things to contribute to the main topic, it should be clear that any type of sales pitches for RE are ill-placed on this blog. Ira is a realtor, and is open about this on the forum. He does however understand this basic concept ( that this is a bubble forum-pro or con- and not a RE forum), and does not "spam" this forum - i.e. post promotional material for his own interests that don't relate to either the thread topic, or the general debate of bubble vs no bubble. This shouldn't be a hard concept to understand. In any case it should be clear that posts promoting your RE company will have no effect here but to put people off.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35299','disbelief',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35299','disbelief','Ray,\r\n\r\nJust read the Tim\'s post to this thread. He asks that posters limit their posts to the subject matter of the thread, which is the building of a glossary for the site.\r\nEven when posts get a little off topic due to lack of things to contribute to the main topic, it should be clear that any type of sales pitches for RE are ill-placed on this blog.\r\nIra is a realtor, and is open about this on the forum. He does however understand this basic concept ( that this is a bubble forum-pro or con- and not a RE forum), and does not \"spam\" this forum - i.e. post promotional material for his own interests that don\'t relate to either the thread topic, or the general debate of bubble vs no bubble. This shouldn\'t be a hard concept to understand. In any case it should be clear that posts promoting your RE company will have no effect here but to put people off.',''); return false;">Quote</a></div> Ray,

Just read the Tim’s post to this thread. He asks that posters limit their posts to the subject matter of the thread, which is the building of a glossary for the site.
Even when posts get a little off topic due to lack of things to contribute to the main topic, it should be clear that any type of sales pitches for RE are ill-placed on this blog.
Ira is a realtor, and is open about this on the forum. He does however understand this basic concept ( that this is a bubble forum-pro or con- and not a RE forum), and does not “spam” this forum – i.e. post promotional material for his own interests that don’t relate to either the thread topic, or the general debate of bubble vs no bubble. This shouldn’t be a hard concept to understand. In any case it should be clear that posts promoting your RE company will have no effect here but to put people off.

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]]> By: Ubersaladhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35298 Ubersalad Sat, 05 Jan 2008 20:20:11 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35298 We're just trying to figure out what monkey is making the mockery of himself.Btw, good luck surviving 2008.Redneck Broker: David Losh.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35298','Ubersalad',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35298','Ubersalad','We\'re just trying to figure out what monkey is making the mockery of himself. \r\n\r\nBtw, good luck surviving 2008. \r\n\r\nRedneck Broker: David Losh.',''); return false;">Quote</a></div> We’re just trying to figure out what monkey is making the mockery of himself.

Btw, good luck surviving 2008.

Redneck Broker: David Losh.

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]]> By: jameshttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35296 james Sat, 05 Jan 2008 20:19:02 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35296 Heres a couple of missing ones... "Negative Amortization" "Ardel" "Eastside" "Peak Idiot"<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35296','james',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35296','james','Heres a couple of missing ones...\r\n\"Negative Amortization\"\r\n\"Ardel\"\r\n\"Eastside\"\r\n\"Peak Idiot\"',''); return false;">Quote</a></div> Heres a couple of missing ones…
“Negative Amortization”
“Ardel”
“Eastside”
“Peak Idiot”
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]]> By: Ray Pepperhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35294 Ray Pepper Sat, 05 Jan 2008 19:55:34 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35294 I specifically asked Tim if my signing off with my name and website address was appropriate. **I'm new to blogging and it probably shows.** I asked Tim if I'm against blogging etiquette and he never responded so I'm assuming it is OK. If YOU keep on clicking on the company link could it possibly be that you are interested? I never click on any links..Tim please advise. Or do these "bloggers" just complain and cry to amuse us?Ray Pepper Broker www.500Realty.net<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35294','Ray Pepper',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35294','Ray Pepper','I specifically asked Tim if my signing off with my name and website address was appropriate. **I\'m new to blogging and it probably shows.** I asked Tim if I\'m against blogging etiquette and he never responded so I\'m assuming it is OK. If YOU keep on clicking on the company link could it possibly be that you are interested? I never click on any links.. \r\n\r\nTim please advise. Or do these \"bloggers\" just complain and cry to amuse us? \r\n\r\nRay Pepper\r\nBroker\r\nwww.500Realty.net',''); return false;">Quote</a></div> I specifically asked Tim if my signing off with my name and website address was appropriate. **I’m new to blogging and it probably shows.** I asked Tim if I’m against blogging etiquette and he never responded so I’m assuming it is OK. If YOU keep on clicking on the company link could it possibly be that you are interested? I never click on any links..

Tim please advise. Or do these “bloggers” just complain and cry to amuse us?

Ray Pepper
Broker
http://www.500Realty.net

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]]> By: Warren Bubblehttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35291 Warren Bubble Sat, 05 Jan 2008 19:01:21 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35291 I second all posts regarding RE marketing from "Cheerleading" agents.I'm happy to try increasing their costs, i.e., clicking on their links ad nauseum.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35291','Warren Bubble',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35291','Warren Bubble','I second all posts regarding RE marketing from \"Cheerleading\" agents. \r\n\r\nI\'m happy to try increasing their costs, i.e., clicking on their links ad nauseum.',''); return false;">Quote</a></div> I second all posts regarding RE marketing from “Cheerleading” agents.

I’m happy to try increasing their costs, i.e., clicking on their links ad nauseum.

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]]> By: Patiohttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35289 Patio Sat, 05 Jan 2008 18:45:27 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35289 Good forum Tim. Lots of good information. Since their is a lot of discontent, I think you should do a topic on discount realty, redfin, ziprealty and/or 500realty. Are they good for Real Estate, economy, jobs, consumers?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35289','Patio',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35289','Patio','Good forum Tim. Lots of good information. Since their is a lot of discontent, I think you should do a topic on discount realty, redfin, ziprealty and\/or 500realty. Are they good for Real Estate, economy, jobs, consumers?',''); return false;">Quote</a></div> Good forum Tim. Lots of good information. Since their is a lot of discontent, I think you should do a topic on discount realty, redfin, ziprealty and/or 500realty. Are they good for Real Estate, economy, jobs, consumers?
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]]> By: Lake Hills Renterhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35287 Lake Hills Renter Sat, 05 Jan 2008 18:40:14 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35287 First political mudslinging, now pissing matches. Is it just me, or are the real estate agents bringing the quality of this blog down lately? Ira excluded.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35287','Lake Hills Renter',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35287','Lake Hills Renter','First political mudslinging, now pissing matches. Is it just me, or are the real estate agents bringing the quality of this blog down lately? Ira excluded.',''); return false;">Quote</a></div> First political mudslinging, now pissing matches. Is it just me, or are the real estate agents bringing the quality of this blog down lately? Ira excluded.
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]]> By: Ray Pepperhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35282 Ray Pepper Sat, 05 Jan 2008 17:40:33 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35282 "Dr. Pepper and Rod Fun do nothing to offer the consumer." David Losh that post alone shows how inept you are of what is going on around you. Post a list of " the couple 100" Agents in the Seattle area that you back. Heck, give me 10. Let me look them up and see what they bring to the table."Guide" you through the buying process. WAKE UP MY FRIEND Buyers are very saavy and teaming up with 500 Realty or a Red Fin to purchase a home is the start. "You must know what to buy, when to buy, and how to buy." ---500 Realty trains the consumer on that each and every transaction.The BUFFET is slowly coming to an end David Losh. Read what happened in Phoenix to Remax. It will take time but the public is becoming very educated. I'm eagerly awaiting on your list and some very specific names. Please advise everyone how EXACTLY these "REAL ESTATE PROFESSIONALS" WILL GUIDE YOU THROUGH THE REAL ESTATE PROCESS AND BRING YOU MORE WEALTH THEN 500 REALTY.Ray Pepper Broker ww.500Realty.net<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35282','Ray Pepper',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35282','Ray Pepper','\"Dr. Pepper and Rod Fun do nothing to offer the consumer.\" David Losh that post alone shows how inept you are of what is going on around you. Post a list of \" the couple 100\" Agents in the Seattle area that you back. Heck, give me 10. Let me look them up and see what they bring to the table. \r\n\r\n\"Guide\" you through the buying process. WAKE UP MY FRIEND Buyers are very saavy and teaming up with 500 Realty or a Red Fin to purchase a home is the start. \"You must know what to buy, when to buy, and how to buy.\" ---500 Realty trains the consumer on that each and every transaction.\r\n\r\nThe BUFFET is slowly coming to an end David Losh. Read what happened in Phoenix to Remax. It will take time but the public is becoming very educated. I\'m eagerly awaiting on your list and some very specific names. Please advise everyone how EXACTLY these \"REAL ESTATE PROFESSIONALS\" WILL GUIDE YOU THROUGH THE REAL ESTATE PROCESS AND BRING YOU MORE WEALTH THEN 500 REALTY.\r\n\r\nRay Pepper\r\nBroker\r\nww.500Realty.net',''); return false;">Quote</a></div> “Dr. Pepper and Rod Fun do nothing to offer the consumer.” David Losh that post alone shows how inept you are of what is going on around you. Post a list of ” the couple 100″ Agents in the Seattle area that you back. Heck, give me 10. Let me look them up and see what they bring to the table.

“Guide” you through the buying process. WAKE UP MY FRIEND Buyers are very saavy and teaming up with 500 Realty or a Red Fin to purchase a home is the start. “You must know what to buy, when to buy, and how to buy.” —500 Realty trains the consumer on that each and every transaction.

The BUFFET is slowly coming to an end David Losh. Read what happened in Phoenix to Remax. It will take time but the public is becoming very educated. I’m eagerly awaiting on your list and some very specific names. Please advise everyone how EXACTLY these “REAL ESTATE PROFESSIONALS” WILL GUIDE YOU THROUGH THE REAL ESTATE PROCESS AND BRING YOU MORE WEALTH THEN 500 REALTY.

Ray Pepper
Broker
ww.500Realty.net

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]]> By: georgehttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35281 george Sat, 05 Jan 2008 17:38:27 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35281 David Losh...uh...don't you also have to know when NOT to buy real estate?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35281','george',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35281','george','David Losh...uh...don\'t you also have to know when NOT to buy real estate?',''); return false;">Quote</a></div> David Losh…uh…don’t you also have to know when NOT to buy real estate?
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]]> By: david loshhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35279 david losh Sat, 05 Jan 2008 16:48:31 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35279 Thank you for a great glossary. It's another of the reasons I monitor this blog more seriously than any other Real Estate blogs. For some one not in the Real Estate business you guys, all of you, contribute a lot of solid Real Estate information that most "Professionals" don't. But... Here we go. It is always a great time to buy Real Estate. It had to be said to correct a comment. True professionals in the Real Estate business know how to buy Real Estate. The Dr. Pepper Guy or rodfun offer the consumer nothing but a rebate for a fee they did nothing to earn. In my return to Real Estate marketing and sales I agree Real Estate Professionals have done a lot of damage. There is very little credibility left in the Real Estate business. However let me assure you that there are a couple of hundred Real Estate agents in the Seattle area who can guide you in the buying process. Some people want to buy, some have to buy. It's all a part of creating wealth, security, and a freedom to live like you want to. Please, a bubble for some, oportunity for others. You have to know what to buy, when to buy, and how to buy.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35279','david losh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35279','david losh','Thank you for a great glossary. It\'s another of the reasons I monitor this blog more seriously than any other Real Estate blogs. For some one not in the Real Estate business you guys, all of you, contribute a lot of solid Real Estate information that most \"Professionals\" don\'t. \r\nBut... Here we go. It is always a great time to buy Real Estate. It had to be said to correct a comment. True professionals in the Real Estate business know how to buy Real Estate. The Dr. Pepper Guy or rodfun offer the consumer nothing but a rebate for a fee they did nothing to earn. \r\nIn my return to Real Estate marketing and sales I agree Real Estate Professionals have done a lot of damage. There is very little credibility left in the Real Estate business. \r\nHowever let me assure you that there are a couple of hundred Real Estate agents in the Seattle area who can guide you in the buying process. Some people want to buy, some have to buy. It\'s all a part of creating wealth, security, and a freedom to live like you want to. \r\nPlease, a bubble for some, oportunity for others. You have to know what to buy, when to buy, and how to buy.',''); return false;">Quote</a></div> Thank you for a great glossary. It’s another of the reasons I monitor this blog more seriously than any other Real Estate blogs. For some one not in the Real Estate business you guys, all of you, contribute a lot of solid Real Estate information that most “Professionals” don’t.
But… Here we go. It is always a great time to buy Real Estate. It had to be said to correct a comment. True professionals in the Real Estate business know how to buy Real Estate. The Dr. Pepper Guy or rodfun offer the consumer nothing but a rebate for a fee they did nothing to earn.
In my return to Real Estate marketing and sales I agree Real Estate Professionals have done a lot of damage. There is very little credibility left in the Real Estate business.
However let me assure you that there are a couple of hundred Real Estate agents in the Seattle area who can guide you in the buying process. Some people want to buy, some have to buy. It’s all a part of creating wealth, security, and a freedom to live like you want to.
Please, a bubble for some, oportunity for others. You have to know what to buy, when to buy, and how to buy.
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]]> By: disbeliefhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35248 disbelief Sat, 05 Jan 2008 02:51:38 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35248 "dead cat bounce""falling knife"I was just revisiting HP<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35248','disbelief',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35248','disbelief','\"dead cat bounce\"\r\n\r\n\"falling knife\"\r\n\r\nI was just revisiting HP',''); return false;">Quote</a></div> “dead cat bounce”

“falling knife”

I was just revisiting HP

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]]> By: Joelhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35246 Joel Sat, 05 Jan 2008 01:47:54 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35246 MEW is <a href="http://en.wikipedia.org/wiki/Mortgage_equity_withdrawal" rel="nofollow"><b>M</b>ortgage <b>E</b>quity <b>W</b>ithdrawal</a>. Alternatively it can mean the cravings and sick feelings you get when your HELOC is completely tapped out and you have no means to live like a $30k millionaire. (I made that one up)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35246','Joel',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35246','Joel','MEW is <a href=\"http:\/\/en.wikipedia.org\/wiki\/Mortgage_equity_withdrawal\" rel=\"nofollow\"><b>M<\/b>ortgage <b>E<\/b>quity <b>W<\/b>ithdrawal<\/a>. Alternatively it can mean the cravings and sick feelings you get when your HELOC is completely tapped out and you have no means to live like a $30k millionaire. (I made that one up)',''); return false;">Quote</a></div> MEW is Mortgage Equity Withdrawal. Alternatively it can mean the cravings and sick feelings you get when your HELOC is completely tapped out and you have no means to live like a $30k millionaire. (I made that one up)
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]]> By: S-crowhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35245 S-crow Sat, 05 Jan 2008 01:36:27 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35245 Escrow: describes a neutral third party, similar to that of a referee or gatekeeper, in a real estate transaction in which the collection of transaction documents (purchase & sale agreements) and earnest money deposits are placed and held. Generally, it is the duty of escrow to make sure specific instructions, terms and conditions of a purchase & sale agreement are carried out by the principals of the transaction (buyer & seller & lender) culminating the closing of the transaction.Escrow is a highly technical field in which escrow staff are dealing with title issues, contracts and lending institutions. In Washington State, escrow offices typically are staffed with Attorneys or licensed employees/managers such as Limited Practice Officers (LPO's), a designation given to those who have passed an exam administered by the Washington State Bar Assn.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35245','S-crow',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35245','S-crow','Escrow: describes a neutral third party, similar to that of a referee or gatekeeper, in a real estate transaction in which the collection of transaction documents (purchase & sale agreements) and earnest money deposits are placed and held. Generally, it is the duty of escrow to make sure specific instructions, terms and conditions of a purchase & sale agreement are carried out by the principals of the transaction (buyer & seller & lender) culminating the closing of the transaction. \r\n\r\nEscrow is a highly technical field in which escrow staff are dealing with title issues, contracts and lending institutions. In Washington State, escrow offices typically are staffed with Attorneys or licensed employees\/managers such as Limited Practice Officers (LPO\'s), a designation given to those who have passed an exam administered by the Washington State Bar Assn.',''); return false;">Quote</a></div> Escrow: describes a neutral third party, similar to that of a referee or gatekeeper, in a real estate transaction in which the collection of transaction documents (purchase & sale agreements) and earnest money deposits are placed and held. Generally, it is the duty of escrow to make sure specific instructions, terms and conditions of a purchase & sale agreement are carried out by the principals of the transaction (buyer & seller & lender) culminating the closing of the transaction.

Escrow is a highly technical field in which escrow staff are dealing with title issues, contracts and lending institutions. In Washington State, escrow offices typically are staffed with Attorneys or licensed employees/managers such as Limited Practice Officers (LPO’s), a designation given to those who have passed an exam administered by the Washington State Bar Assn.

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]]> By: RGhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35244 RG Sat, 05 Jan 2008 01:36:11 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35244 New term: Dr PepperObnoxious poster who peppers comments with links and upbeat cheers that now is a great time to buy with bargains abound.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35244','RG',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35244','RG','New term: Dr Pepper\r\n\r\nObnoxious poster who peppers comments with links and upbeat cheers that now is a great time to buy with bargains abound.',''); return false;">Quote</a></div> New term: Dr Pepper

Obnoxious poster who peppers comments with links and upbeat cheers that now is a great time to buy with bargains abound.

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]]> By: sashhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35241 sash Sat, 05 Jan 2008 00:14:40 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35241 I wanted your opinion on the situation I am in: My hardwood floor (in a new home, constructed by large local builder, 6 months old) seems to have some quality issues. The floor boards are either cracked or have been installed defectively. The builder and his hardwood floor contractor came out an identified the number of defective boards, and the total count came upto 50. However I was able to find 100 more boards bringing the total to 150+. When I communicated this to the builder and the contractor, they scheduled an inspection of the hardwood floor with a representative from the manufacturer. The inspection report however is not available to me to view per builder directive. Builder wants to keep the report between them-contractor and propose a solution by mid next week.

I want to know the following:

1) Am I eligible to view the report as owners of the home? I.e. do I have a legal right here?

2) Should I be worried that the builder/contractor is not being transparent?

3) What would be an acceptable solution? Replacement of entire floor? Or just defective boards? I am worried because what is to say more boards won’t show up defective in time.

4) What should be my best course of action – hire a lawyer? Get a hardwood floor inspector? Can you share your advice please?

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]]> By: Runs With Scissorshttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35240 Runs With Scissors Sat, 05 Jan 2008 00:03:10 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35240 FEMA: The inept federal agency you will most likely be dealing with in Puget Sound after the next flood, windstorm, or earthquake, or eventual rise in sea level prior to payoff of a 30 year mortgage ;-)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35240','Runs With Scissors',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35240','Runs With Scissors','FEMA: The inept federal agency you will most likely be dealing with in Puget Sound after the next flood, windstorm, or earthquake, or eventual rise in sea level prior to payoff of a 30 year mortgage ;-)',''); return false;">Quote</a></div> FEMA: The inept federal agency you will most likely be dealing with in Puget Sound after the next flood, windstorm, or earthquake, or eventual rise in sea level prior to payoff of a 30 year mortgage ;-)
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]]> By: Moe Ronn - Realitorhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35238 Moe Ronn - Realitor Sat, 05 Jan 2008 00:00:10 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35238 Well, at least Ray's business model breaks down the commission model for RE agents. We know, they know, everyone knows they're over-paid dolts. It's always a good time to buy!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35238','Moe Ronn - Realitor',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35238','Moe Ronn - Realitor','Well, at least Ray\'s business model breaks down the commission model for RE agents. We know, they know, everyone knows they\'re over-paid dolts. It\'s always a good time to buy!',''); return false;">Quote</a></div> Well, at least Ray’s business model breaks down the commission model for RE agents. We know, they know, everyone knows they’re over-paid dolts. It’s always a good time to buy!
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]]> By: AndySeattlehttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35237 AndySeattle Fri, 04 Jan 2008 23:46:34 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35237 Hey Joel... Forgive the ignorance, but was is 'MEW'?(If ever the was a reason for a glossary!)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35237','AndySeattle',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35237','AndySeattle','Hey Joel... Forgive the ignorance, but was is \'MEW\'?\r\n\r\n(If ever the was a reason for a glossary!)',''); return false;">Quote</a></div> Hey Joel… Forgive the ignorance, but was is ‘MEW’?

(If ever the was a reason for a glossary!)

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]]> By: Ira Sacharoffhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35234 Ira Sacharoff Fri, 04 Jan 2008 23:10:16 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35234 I too love this list...But where's my buddy Price-Schiller?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35234','Ira Sacharoff',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35234','Ira Sacharoff','I too love this list...But where\'s my buddy Price-Schiller?',''); return false;">Quote</a></div> I too love this list…But where’s my buddy Price-Schiller?
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]]> By: Normandyhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35233 Normandy Fri, 04 Jan 2008 22:19:03 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35233 Great glossary. I would have a special note on top of the home page to direct newcomers to read it first before proceeding.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35233','Normandy',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35233','Normandy','Great glossary. I would have a special note on top of the home page to direct newcomers to read it first before proceeding.',''); return false;">Quote</a></div> Great glossary. I would have a special note on top of the home page to direct newcomers to read it first before proceeding.
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]]> By: Wm Swansonhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35229 Wm Swanson Fri, 04 Jan 2008 21:52:29 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35229 When is that marketing film expert who cant spell Klahanie or Issaquah right Gene Dexter of ReMax INTEGRITY in Issaquah going to indulge us with more morsels of brilliance?? He is just as bad as Pepper and Sandhu.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35229','Wm Swanson',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35229','Wm Swanson','When is that marketing film expert who cant spell Klahanie or Issaquah right Gene Dexter of ReMax INTEGRITY in Issaquah going to indulge us with more morsels of brilliance?? He is just as bad as Pepper and Sandhu.',''); return false;">Quote</a></div> When is that marketing film expert who cant spell Klahanie or Issaquah right Gene Dexter of ReMax INTEGRITY in Issaquah going to indulge us with more morsels of brilliance?? He is just as bad as Pepper and Sandhu.
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]]> By: disbeliefhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35227 disbelief Fri, 04 Jan 2008 21:22:13 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35227 Maybe: Cheerleader- as in RE Cheerleader Doom and Gloom(er) - As a misnomer applied to those who believe a housing correction is desireable / eminent and my favorite: REIC ( Real Estate Industrial Complex) which was possibly coined here?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35227','disbelief',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35227','disbelief','Maybe:\r\nCheerleader- as in RE Cheerleader\r\nDoom and Gloom(er) - As a misnomer applied to those who believe a housing correction is desireable \/ eminent\r\nand my favorite: REIC ( Real Estate Industrial Complex) which was possibly coined here?',''); return false;">Quote</a></div> Maybe:
Cheerleader- as in RE Cheerleader
Doom and Gloom(er) – As a misnomer applied to those who believe a housing correction is desireable / eminent
and my favorite: REIC ( Real Estate Industrial Complex) which was possibly coined here?
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]]> By: Tomhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35226 Tom Fri, 04 Jan 2008 21:08:56 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35226 I agree with EconE and Joel.. I don't mind Ray and his co-worker sharing their options on the bubble, but I'm tired of the emphases on his business here, where it isn't wanted.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35226','Tom',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35226','Tom','I agree with EconE and Joel.. I don\'t mind Ray and his co-worker sharing their options on the bubble, but I\'m tired of the emphases on his business here, where it isn\'t wanted.',''); return false;">Quote</a></div> I agree with EconE and Joel.. I don’t mind Ray and his co-worker sharing their options on the bubble, but I’m tired of the emphases on his business here, where it isn’t wanted.
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]]> By: Lake Hills Renterhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35225 Lake Hills Renter Fri, 04 Jan 2008 21:07:26 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35225 I don't mind any of their posts, but I'm getting a bit tired of the signature advertising their site on every post.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35225','Lake Hills Renter',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35225','Lake Hills Renter','I don\'t mind any of their posts, but I\'m getting a bit tired of the signature advertising their site on every post.',''); return false;">Quote</a></div> I don’t mind any of their posts, but I’m getting a bit tired of the signature advertising their site on every post.
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]]> By: Rhonda Porterhttp://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35224 Rhonda Porter Fri, 04 Jan 2008 21:07:07 +0000 http://seattlebubble.com/blog/2008/01/04/seattle-bubble-glossary/#comment-35224 Great list, The Tim...but I would clarify the term "liar loan". IMO if a borrower did a no-doc loan or no income verifed meaning that they did not state any income on their loan application, they did not lie.Stated income is the liar loan if the borrower stated income they do not have or that does not pencil out. (Leaving one to ask, why did they have to do a stated income loan?)No doc/No income = No Lies.Stating income that cannot be proved = Liar Loan<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('35224','Rhonda Porter',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('35224','Rhonda Porter','Great list, The Tim...but I would clarify the term \"liar loan\". IMO if a borrower did a no-doc loan or no income verifed meaning that they did not state any income on their loan application, they did not lie. \r\n\r\nStated income is the liar loan if the borrower stated income they do not have or that does not pencil out. (Leaving one to ask, why did they have to do a stated income loan?)\r\n\r\nNo doc\/No income = No Lies.\r\n\r\nStating income that cannot be proved = Liar Loan',''); return false;">Quote</a></div> Great list, The Tim…but I would clarify the term “liar loan”. IMO if a borrower did a no-doc loan or no income verifed meaning that they did not state any income on their loan application, they did not lie.

Stated income is the liar loan if the borrower stated income they do not have or that does not pencil out. (Leaving one to ask, why did they have to do a stated income loan?)

No doc/No income = No Lies.

Stating income that cannot be proved = Liar Loan

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