Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

9 responses to “Guess the Price Round 6: We Have a Winner!”

  1. Blurtman

    Extremeley well staged except for the bedroom and yard. Out the window views should have been Photoshopped in with views of the French countryside, although views of the Himalayan rainforest, while perhaps a risky gambit, might have appealed to the right yuppie.

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  2. Peter Witting

    RE: Blurtman @ 1 – I read that as “photoshop in a frisky rabbit”. Now that would have demanded a premium, for sure!

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  3. Ira Sacharoff

    Zillow is a premium priced publicly traded stock, despite not being especially accurate at what is supposed to be their specialty.
    Therefore, Seattle Bubble ought to go public. Doesn’t matter if it doesn’t make money. The Tim would make a fine CEO.

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  4. Pegasus

    Nice garage! Solid proof that fools are still being born everyday and that few learned their lessons from the not so distant housing crash. Did they pay cash or was there a complicit real estate appraiser and a stupid banker involved in the transaction?

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  5. softwarengineer

    RE: Blurtman @ 1

    Yes

    The cracked sidewalk and poorly carved/sectioned weed bed [?} with hardly no front lawn made me want to get out there with my landscaping tools. Perhaps the new owner can clean it up a bit.

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  6. Erik

    It would be nice to have some educational real estate non-technical posts. This is not educational.

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  7. MM

    RE: Pegasus @ 4 – They have a mortgage loan according to the King County records.

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  8. mike

    RE: softwarengineer @ 5 – The sidewalk added $20K easily, cracks and all.

    By Blurtman @ 1:

    might have appealed to the right yuppie.

    Surely you don’t think any self respecting yuppie would park their bimmer on the street!

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  9. Erik

    Tim finally put the smack down on me posting comments from 2 different emails, so I’m going to post my valuable comment out of context here.

    This was a reply to Corndogs on the previous post. Unfortunately, I had ran out of 5 comments and had to end the conversation. Here it is…

    Okay. Good job on hitting it dead on. I would love to know everyone’s financial position and history, but I will probably never know for sure. I can tell you the place I bought has probably 80k equity and I dumped my rental, which was -116k. That is my only good real estate move. I contribute to the 401k to get my company match. Other than that, I have nothing.

    I need a multiplex like you said. “Focus on cash flow, not getting rich.” I think I lost sight of that somewhere along the line. I will sell this place, buy a multiplex(hopefully more than a duplex), and rent. You said you rented yourself while renting to others. I think that will be my only way to proceed since I don’t have the leverage to carry a rental and own my own place.

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