Comments on: Puget Sound Counties Interactive September Update

By: Ray Pepper

Ray Pepper — Mon, 02 Nov 2009 20:20:31 +0000

RE: The Tim @ 3 -Great...Tim you cost us taxpayers more $$ in toner. No, it will not make a difference. Its a necessary EVIL. The market remains RED HOT assuming you have a Foreclosure or Short sale. The tax credit adds fuel but between the price reductions and the low rates people are Buying and I personally come into multiple offer scenarios weekly on the Eastside.Unfortunately the writing is on the wall and people will continue to walk in large numbers the coming years. When owners realize they will get no principle reduction, no loan mod, and no assistance for doing everything right they will walk. Large numbers will walk from their homes for they cannot re-fi and remain upside down 15-50%. Except of course Steve Tytler and his Broker buddy in Phoenix who continues to pay while upside down 75%.The Fed is softening the crash and that was their goal. I praise the efforts! It is more then obvious we will see a very long flat-line ahead with a downward bias. We will reverse direction when the relentless foreclosures and short sales come back to historical norms. Unfortunately the Fed continues to prolong this process. We are going nowhere for a very long while in/re to home appreciation but friends let me tell you there will be GEMS! Thousands of them. Take your time and avoid ALL multiple offer scenarios. If an Agent says he/she has offers coming in tell them to call you if none of them pan-out.Keep the ball in your court and YOU set the value of the home not the banks.

Reply - The Tim @ 3<\/a> - \r\n\r\nGreat...Tim you cost us taxpayers more $$ in toner. No, it will not make a difference. Its a necessary EVIL. The market remains RED HOT assuming you have a Foreclosure or Short sale. The tax credit adds fuel but between the price reductions and the low rates people are Buying and I personally come into multiple offer scenarios weekly on the Eastside. \r\n\r\nUnfortunately the writing is on the wall and people will continue to walk in large numbers the coming years. When owners realize they will get no principle reduction, no loan mod, and no assistance for doing everything right they will walk. Large numbers will walk from their homes for they cannot re-fi and remain upside down 15-50%. Except of course Steve Tytler and his Broker buddy in Phoenix who continues to pay while upside down 75%. \r\n\r\nThe Fed is softening the crash and that was their goal. I praise the efforts! It is more then obvious we will see a very long flat-line ahead with a downward bias. We will reverse direction when the relentless foreclosures and short sales come back to historical norms. Unfortunately the Fed continues to prolong this process. We are going nowhere for a very long while in\/re to home appreciation but friends let me tell you there will be GEMS! Thousands of them. Take your time and avoid ALL multiple offer scenarios. If an Agent says he\/she has offers coming in tell them to call you if none of them pan-out. \r\n\r\nKeep the ball in your court and YOU set the value of the home not the banks.',''); return false;">Quote

By: softwarengineer

softwarengineer — Mon, 02 Nov 2009 20:07:31 +0000

RE: The Tim @ 3 -100% of the $8000 Welfare Tax Credit Goes to Incomes as High As $150K Per HouseholdAlbeit, even higher incomes could get the "Elite Welfare" at a slightly reduced amount per the 2009 IRS work sheet.Cash for Clunkers welfare to the rich, same scenario, let's put it this way, new car buyers getting the federal welfare money aren't checkers at Walmart; they tend to be high elite incomes in America.Meanwhile homelessness, unemployment and severely underemployed keeps growing in America like untreated malignant cancer. Even the CFC program is destroying perfectly good cars that this working poor group could use!

Reply - The Tim @ 3<\/a> - \r\n\r\n100% of the $8000 Welfare Tax Credit Goes to Incomes as High As $150K Per Household\r\n\r\nAlbeit, even higher incomes could get the \"Elite Welfare\" at a slightly reduced amount per the 2009 IRS work sheet.\r\n\r\nCash for Clunkers welfare to the rich, same scenario, let\'s put it this way, new car buyers getting the federal welfare money aren\'t checkers at Walmart; they tend to be high elite incomes in America.\r\n\r\nMeanwhile homelessness, unemployment and severely underemployed keeps growing in America like untreated malignant cancer. Even the CFC program is destroying perfectly good cars that this working poor group could use!',''); return false;">Quote

By: The Tim

The Tim — Mon, 02 Nov 2009 19:01:14 +0000

RE: HappyRenter @ 2 - I think I've made pretty clear what I think about the idiotic tax credit. I already faxed our two senators, not that I think it will really make much of a difference.

Reply - HappyRenter @ 2<\/a> - I think I\'ve made pretty clear what I think about the idiotic tax credit<\/a>. I already faxed our two senators, not that I think it will really make much of a difference.',''); return false;">Quote

By: HappyRenter

HappyRenter — Mon, 02 Nov 2009 18:56:15 +0000

By HappyRenter @ 1:

What do you think about the recently accepted extension and expansion of the home buyer tax credit? Will this cause prices to remain steady throughout the winter?

Sorry, I think I was too fast. The extension has not been approved yet.

Reply - HappyRenter @ 1<\/a>:

What do you think about the recently accepted extension and expansion of the home buyer tax credit? Will this cause prices to remain steady throughout the winter?\n<\/blockquote>\n\nSorry, I think I was too fast. The extension has not been approved yet.',''); return false;">Quote

By: HappyRenter

HappyRenter — Mon, 02 Nov 2009 18:40:51 +0000

What do you think about the recently accepted extension and expansion of the home buyer tax credit? Will this cause prices to remain steady throughout the winter?http://blogs.wsj.com/developments/2009/10/29/qa-the-home-buyer-tax-credit-extension/

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