Comments for Seattle Bubble

Comment on Home Affordability Tanking in 2013 by ray pepper

ray pepper — Fri, 24 May 2013 04:45:11 +0000

RE: pfft @ 9 – save for a home with no money down FHA loans and countless assistance programs? sub 4% rates with no skin in the game? save for what????? Take it while they are giving it to you!.. Then if these dont work out..Give it back! Its the American way!

Reply – pfft @ 9<\/a> - save for a home with no money down FHA loans and countless assistance programs? sub 4% rates with no skin in the game? save for what????? Take it while they are giving it to you!.. Then if these dont work out..Give it back! Its the American way!',''); return false;">Quote

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Comment on Real Actual Listing Photos: Interesting “Features” Edition by ChefJoe

ChefJoe — Fri, 24 May 2013 03:11:58 +0000

What, how DID YOU train your little one to use the toilet ? Never underestimate the value of live demonstrations. :-P

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Comment on Weekly Open Thread (2013-05-20) by pfft

pfft — Fri, 24 May 2013 02:21:17 +0000

By Blurtman @ 28:

God bless Medea Benjamin.

http://www.reuters.com/article/2013/05/24/us-usa-obama-speech-heckler-idUSBRE94N01L20130524

you call me a troll? how many times have I pointed out that the President tried to shutdown Gitmo but was blocked by Congress?

“Can you tell the Muslim people their lives are as precious are our lives?”

How many muslims do you think are alive because drone strikes hit terrorists who were going to kill muslims? what about all those Libyans saved by Obama’s actions?

Reply – Blurtman @ 28<\/a>:

God bless Medea Benjamin.\r\n\r\nhttp:\/\/www.reuters.com\/article\/2013\/05\/24\/us-usa-obama-speech-heckler-idUSBRE94N01L20130524<\/blockquote>you call me a troll? how many times have I pointed out that the President tried to shutdown Gitmo but was blocked by Congress?\r\n\r\n\"Can you tell the Muslim people their lives are as precious are our lives?\"\r\n\r\nHow many muslims do you think are alive because drone strikes hit terrorists who were going to kill muslims? what about all those Libyans saved by Obama\'s actions?',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by pfft

pfft — Fri, 24 May 2013 02:15:41 +0000

By Erik @ 5:

I think it’s interesting how Tim is routing for everything to follow the historic housing financial rules. Here is another quote “Hopefully prices will level off before things get really out of hand.” Why do you want the housing market to follow the same boring trend that it did?

I am personally hoping for financial Armageddon. I would like the market to increase astronomically high as it did in 2007 and then dump down below where it was in the beginning of 2012. This way I can have the opportunity to sell high and buy low. Maybe even pay all cash for a nice house? We should be praying for large fluctuations because those fluctuations create opportunity. The people that want everything to follow the rules are investors that have a large stake in real estate and want to continue collecting at a constant rate.

how about just saving for a home instead wishing foreclosure and homelessness on some?:)

Reply – Erik @ 5<\/a>:

I think it\'s interesting how Tim is routing for everything to follow the historic housing financial rules. Here is another quote \"Hopefully prices will level off before things get really out of hand.\" Why do you want the housing market to follow the same boring trend that it did?\r\n\r\nI am personally hoping for financial Armageddon. I would like the market to increase astronomically high as it did in 2007 and then dump down below where it was in the beginning of 2012. This way I can have the opportunity to sell high and buy low. Maybe even pay all cash for a nice house? We should be praying for large fluctuations because those fluctuations create opportunity. The people that want everything to follow the rules are investors that have a large stake in real estate and want to continue collecting at a constant rate.<\/blockquote>how about just saving for a home instead wishing foreclosure and homelessness on some?:)',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by pfft

pfft — Fri, 24 May 2013 02:13:51 +0000

By Carl @ 3:

Good timing and analysis Tim. Another article that says Seattle will be one of the “bubble” cities if rates rise to historic norms. http://finance.yahoo.com/blogs/the-exchange/10-cities-where-housing-bubbles-may-forming-192514102.html

since we are experiencing unusual events(namely the first deleveraging since the Great Depression) we can’t compare our economy to historic norms.

Reply – Carl @ 3<\/a>:

Good timing and analysis Tim. Another article that says Seattle will be one of the \"bubble\" cities if rates rise to historic norms. http:\/\/finance.yahoo.com\/blogs\/the-exchange\/10-cities-where-housing-bubbles-may-forming-192514102.html<\/blockquote>since we are experiencing unusual events(namely the first deleveraging since the Great Depression) we can\'t compare our economy to historic norms.',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by Blurtman

Blurtman — Fri, 24 May 2013 02:07:08 +0000

God bless Medea Benjamin.

http://www.reuters.com/article/2013/05/24/us-usa-obama-speech-heckler-idUSBRE94N01L20130524

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Comment on Weekly Open Thread (2013-05-20) by pfft

pfft — Fri, 24 May 2013 01:46:23 +0000

By the way, the employment population ratio is trending up.

http://data.bls.gov/timeseries/LNS12300060

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Comment on Weekly Open Thread (2013-05-20) by pfft

pfft — Fri, 24 May 2013 01:39:03 +0000

By Blurtman @ 25:

RE: pfft @ 23 – You are truly an insane troll. It was only two weeks ago that I posted a link from the Chicago Fed

Great, and I have posted links saying otherwise. Since when do you believe anything the Fed puts out? LOL. When you resort to name calling it’s because you know you are wrong.

The recent decline in the participation rate was mostly expected, and most of the decline in the participation rate was due to changing demographics (and long term trends), as opposed to economic weakness.

see how easy it is to post a link?

Reply – Blurtman @ 25<\/a>:

RE:<\/b> pfft @ 23<\/a> - You are truly an insane troll. It was only two weeks ago that I posted a link from the Chicago Fed<\/blockquote>Great, and I have posted links saying otherwise. Since when do you believe anything the Fed puts out? LOL. When you resort to name calling it\'s because you know you are wrong. \r\n\r\n
The recent decline in the participation rate was mostly expected, and most of the decline in the participation rate was due to changing demographics (and long term trends), as opposed to economic weakness.<\/blockquote>\r\n\r\nRead more at http:\/\/www.calculatedriskblog.com\/2013\/04\/labor-force-participation-rate-update.html#RDLT0EHSgQHLIbTu.99 \r\n\r\nsee how easy it is to post a link?',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by Blurtman

Blurtman — Fri, 24 May 2013 01:05:17 +0000

RE: pfft @ 23 – You are truly an insane troll. It was only two weeks ago that I posted a link from the Chicago Fed, describing that more than half of the decline in the labor force participation rate was due to the lousy economy, and castigating you for saying that the decline was mainly due to retiring boomers.

You denied you said any such thing. Now you are back to saying the very same thing.

You either have severe mental issues, are not the same person who posts, or have a bizarre need to post nonsense, even contradicitng yourself.

My fault for feeding the troll, No longer.

“Since peaking at 67.3% in early 2000, the aggregate LFPR has fallen by 3.3 percentage points, to 64.0% as of December 2011 (figure 1). This cumulative decline is over twice as large as any since World War II. While a sizable portion of this drop is related to the deep recession and lackluster economic recovery of the past four years, we argue that just under half can be traced to long-running demographic patterns.

http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cflmarch2012_296.pdf
Reply – pfft @ 23<\/a> - You are truly an insane troll. It was only two weeks ago that I posted a link from the Chicago Fed, describing that more than half of the decline in the labor force participation rate was due to the lousy economy, and castigating you for saying that the decline was mainly due to retiring boomers.\r\n\r\nYou denied you said any such thing. Now you are back to saying the very same thing.\r\n\r\nYou either have severe mental issues, are not the same person who posts, or have a bizarre need to post nonsense, even contradicitng yourself.\r\n\r\nMy fault for feeding the troll, No longer.\r\n\r\n\"Since peaking at 67.3% in early 2000, the aggregate LFPR has fallen by 3.3 percentage points, to 64.0% as of December 2011 (figure 1). This cumulative decline is over twice as large as any since World War II. While a sizable portion of this drop is related to the deep recession and lackluster economic recovery of the past four years, we argue that just under half can be traced to long-running demographic patterns.\r\n\r\nhttp:\/\/www.chicagofed.org\/digital_assets\/publications\/chicago_fed_letter\/2012\/cflmarch2012_296.pdf',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by Mike

Mike — Fri, 24 May 2013 00:02:12 +0000

RE: SG @ 6 – I was thinking the same thing. There are high income folks who rent, but proportionately you’ve got a lot of folks in the bottom of the median range who are on Section 8 or other assistance and not really in the market as a buyer (well maybe in 2006 they were, but not anymore).

Something like 2/3 of households are owners, and I think it would be more informative if you took out say the bottom 1/4 of the range of incomes (leaving some extra incomes in at the bottom since it certainly isn’t just the bottom 1/3 of incomes that rent) and then calculated a median income and affordability index off the remainder of the population. You could do the same on the other end and take out 1/4 of the top of the income range when determining if rents were affordable. In each case you wouldn’t be excluding the groups that make up the bulk of the respective market (buying or renting) and so I don’t think it would be a particularly misleading adjustment. Or at least no more misleading than including people who need a rent subsidy in a calculation of whether owning real estate is affordable or a Medina resident in deciding if rents are affordable.

In a time series this probably doesn’t really matter except to the extent that over time the income distribution around the median moves in a meaningful way. But given the economy of the last decade that doesn’t seem too far fetched.
Reply – SG @ 6<\/a> - I was thinking the same thing. There are high income folks who rent, but proportionately you\'ve got a lot of folks in the bottom of the median range who are on Section 8 or other assistance and not really in the market as a buyer (well maybe in 2006 they were, but not anymore). \r\n\r\nSomething like 2\/3 of households are owners, and I think it would be more informative if you took out say the bottom 1\/4 of the range of incomes (leaving some extra incomes in at the bottom since it certainly isn\'t just the bottom 1\/3 of incomes that rent) and then calculated a median income and affordability index off the remainder of the population. You could do the same on the other end and take out 1\/4 of the top of the income range when determining if rents were affordable. In each case you wouldn\'t be excluding the groups that make up the bulk of the respective market (buying or renting) and so I don\'t think it would be a particularly misleading adjustment. Or at least no more misleading than including people who need a rent subsidy in a calculation of whether owning real estate is affordable or a Medina resident in deciding if rents are affordable. \r\n\r\nIn a time series this probably doesn\'t really matter except to the extent that over time the income distribution around the median moves in a meaningful way. But given the economy of the last decade that doesn\'t seem too far fetched.',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by SG

SG — Thu, 23 May 2013 23:05:20 +0000

I have mentioned this previously, I will repeat this once again. The chart here assumes that everyone should be able to buy a single family house. But in reality, the Seattle area has far fewer single family homes than there are households. So, we should be considering the average of the top X household incomes if that data is even available. I am not sure if the current affordability is better or worse when compared to historical levels (both measured this way).
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Comment on Weekly Open Thread (2013-05-20) by David Losh

David Losh — Thu, 23 May 2013 22:50:27 +0000

RE: Blurtman @ 16 –

The economy isn’t statistics, even if you want it to be.

Pot is a good example of a new economy. There are lots of signs of our new economy, like Tesla, banks, with huge cash reserves, cash in Real Estate, cash in commodities, cash in the global market place that makes it here in those sales of over priced assets.

Come on, throw in the towel, we are in much better shape than Japan, Europe, China, or India. The United States is the place to be, or it’s the place to keep your cash, taxes included.
Reply – Blurtman @ 16<\/a> - \r\n\r\nThe economy isn\'t statistics, even if you want it to be. \r\n\r\nPot is a good example of a new economy. There are lots of signs of our new economy, like Tesla, banks, with huge cash reserves, cash in Real Estate, cash in commodities, cash in the global market place that makes it here in those sales of over priced assets. \r\n\r\nCome on, throw in the towel, we are in much better shape than Japan, Europe, China, or India. The United States is the place to be, or it\'s the place to keep your cash, taxes included.',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by pfft

pfft — Thu, 23 May 2013 22:38:59 +0000

By Blurtman @ 20:

RE: pfft @ 19 – Define “recovery.” The links regarding chronic unemployment. underemployment, and record low labor force participation have all been provided previously, in fact, Ben Bernanke addressed these briefly in the excerpt in post 5 above. There is no need to provide links to a person whose head is a block of wood.

typical. chronic unemployment and underemployment are all going down. that is good and a sign of recovery. the labor force participation rate is mainly due to boomers retiring.

http://www.calculatedriskblog.com/2013/05/graphs-for-duration-of-unemployment.html

http://www.calculatedriskblog.com/2013/04/labor-force-participation-rate-update.html

http://www.calculatedriskblog.com/2013/04/update-recovery-measures.html

See how easy that was? Why can’t you do that? If you can’t post a few links I would ask how do you know what you know? My guess is that you “feel” those are facts but you don’t actually know. par for the course but mostly seen in Republicans.

This recovery from the financial crisis is going well considering. how do I know this? do I just “feel” it? am I just saying that because Obama is in office? NO! I know it because it’s true. I’ll even link ya! 4th chart down.

http://www.calculatedriskblog.com/2012/10/summary-for-week-ending-oct-5th.html

Let’s talk about food stamps. Less people are going on food stamps. that is good. Between FEB 2011 and FEB 2012 around 2 million people were added to food stamps rolls. Less than 2 million more were added from FEB 2012 to FEB 2013. How do I know this? Food stamp data and 2 minutes of googling.

http://www.fns.usda.gov/pd/34SNAPmonthly.htm

not that hard.
Reply – Blurtman @ 20<\/a>:
RE:<\/b> pfft @ 19<\/a> - Define \"recovery.\" The links regarding chronic unemployment. underemployment, and record low labor force participation have all been provided previously, in fact, Ben Bernanke addressed these briefly in the excerpt in post 5 above. There is no need to provide links to a person whose head is a block of wood.<\/blockquote>typical. chronic unemployment and underemployment are all going down. that is good and a sign of recovery. the labor force participation rate is mainly due to boomers retiring.\n\nhttp:\/\/www.calculatedriskblog.com\/2013\/05\/graphs-for-duration-of-unemployment.html\n\nhttp:\/\/www.calculatedriskblog.com\/2013\/04\/labor-force-participation-rate-update.html\n\nhttp:\/\/www.calculatedriskblog.com\/2013\/04\/update-recovery-measures.html\n\nSee how easy that was? Why can\'t you do that? If you can\'t post a few links I would ask how do you know what you know? My guess is that you \"feel\" those are facts but you don\'t actually know. par for the course but mostly seen in Republicans.\n\nThis recovery from the financial crisis is going well considering. how do I know this? do I just \"feel\" it? am I just saying that because Obama is in office? NO! I know it because it\'s true. I\'ll even link ya! 4th chart down.\n\nhttp:\/\/www.calculatedriskblog.com\/2012\/10\/summary-for-week-ending-oct-5th.html\n\nLet\'s talk about food stamps. Less people are going on food stamps. that is good. Between FEB 2011 and FEB 2012 around 2 million people were added to food stamps rolls. Less than 2 million more were added from FEB 2012 to FEB 2013. How do I know this? Food stamp data and 2 minutes of googling.\n\nhttp:\/\/www.fns.usda.gov\/pd\/34SNAPmonthly.htm\n\nnot that hard.',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by Erik

Erik — Thu, 23 May 2013 22:14:04 +0000

I think it’s interesting how Tim is routing for everything to follow the historic housing financial rules. Here is another quote “Hopefully prices will level off before things get really out of hand.” Why do you want the housing market to follow the same boring trend that it did?

I am personally hoping for financial Armageddon. I would like the market to increase astronomically high as it did in 2007 and then dump down below where it was in the beginning of 2012. This way I can have the opportunity to sell high and buy low. Maybe even pay all cash for a nice house? We should be praying for large fluctuations because those fluctuations create opportunity. The people that want everything to follow the rules are investors that have a large stake in real estate and want to continue collecting at a constant rate.
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Comment on Weekly Open Thread (2013-05-20) by Ira Sacharoff

Ira Sacharoff — Thu, 23 May 2013 21:17:17 +0000

By Blurtman @ 20:

RE: pfft @ 19 – Define “recovery.” The links regarding chronic unemployment. underemployment, and record low labor force participation have all been provided previously, in fact, Ben Bernanke addressed these briefly in the excerpt in post 5 above. There is no need to provide links to a person whose head is a block of wood.

There’s no reason to insult wood like that.
Reply – Blurtman @ 20<\/a>:
RE:<\/b> pfft @ 19<\/a> - Define \"recovery.\" The links regarding chronic unemployment. underemployment, and record low labor force participation have all been provided previously, in fact, Ben Bernanke addressed these briefly in the excerpt in post 5 above. There is no need to provide links to a person whose head is a block of wood.<\/blockquote>\r\nThere\'s no reason to insult wood like that.',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by Blurtman

Blurtman — Thu, 23 May 2013 21:13:33 +0000

Certainly Obama has the most aplomb of any US president. He is a cool, unflappable cat. The heckler represents the viewpoint of righteous indignation. God bless her.

http://www.cbsnews.com/8301-250_162-57585955/obama-america-at-a-crossroads-in-fighting-terrorism/
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Comment on Weekly Open Thread (2013-05-20) by Blurtman

Blurtman — Thu, 23 May 2013 21:12:14 +0000

RE: pfft @ 19 – Define “recovery.” The links regarding chronic unemployment. underemployment, and record low labor force participation have all been provided previously, in fact, Ben Bernanke addressed these briefly in the excerpt in post 5 above. There is no need to provide links to a person whose head is a block of wood.
Reply – pfft @ 19<\/a> - Define \"recovery.\" The links regarding chronic unemployment. underemployment, and record low labor force participation have all been provided previously, in fact, Ben Bernanke addressed these briefly in the excerpt in post 5 above. There is no need to provide links to a person whose head is a block of wood.',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by Kyle

Kyle — Thu, 23 May 2013 20:53:30 +0000

Thanks Tim! I love this chart. I think it does the best job of explaining the current real estate market. People paying more for houses….because they can afford the payment.

Would it be possible to see normalized interest rate, median income and median home price over the same period? It might be interesting to see the variables driving the pits and peaks
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Comment on Cheap South King Sales Gain More Share by Erik

Erik — Thu, 23 May 2013 20:32:52 +0000

RE: Macro Investor @ 17 –
I agree. Corndogs may have money as he repeatedly claims, but he is still a pathetic loser by all other metrics. I am glad he is on here as a good example of that lifestyle. As we pursue more wealth, it is easy to get caught up in the details and wind up like him.
He certainly isn’t dumb. His comments are consistently thoughtful and often precise. He is just someone that doesn’t see life the way most of us on here do. He is a formalist and not a utilitarian.
Reply – Macro Investor @ 17<\/a> - \nI agree. Corndogs may have money as he repeatedly claims, but he is still a pathetic loser by all other metrics. I am glad he is on here as a good example of that lifestyle. As we pursue more wealth, it is easy to get caught up in the details and wind up like him.\nHe certainly isn\'t dumb. His comments are consistently thoughtful and often precise. He is just someone that doesn\'t see life the way most of us on here do. He is a formalist and not a utilitarian.',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by pfft

pfft — Thu, 23 May 2013 20:22:46 +0000

By Blurtman @ 16:

RE: David Losh @ 15 – Define “economic recovery.” Mildly increasing GDP with a falling standard of living, record food stamps and disability claimants, a chronically unemployed work force component, an underemployed work force component, ans a record number of workers who have given up looking. This sounds like “economic recovery” to you.

They may have plugged holes in the dike, and launched an effective diversion campaign. But the water levels continue to rise, and cracks are everywhere.

Enjoy the Kool Aid.

http://www.calculatedriskblog.com/2013/04/update-recovery-measures.html

“Mildly increasing GDP with a falling standard of living”

link.

“record food stamps and disability claimants”

link link.

“chronically unemployed work force component, an underemployed work force component, ans a record number of workers who have given up looking.”

link link link.

What you’re describing is a recovery. A slow one. Nobody is claiming otherwise. You are probably a hero at zerohedge though.
Reply – Blurtman @ 16<\/a>:
RE:<\/b> David Losh @ 15<\/a> - Define \"economic recovery.\" Mildly increasing GDP with a falling standard of living, record food stamps and disability claimants, a chronically unemployed work force component, an underemployed work force component, ans a record number of workers who have given up looking. This sounds like \"economic recovery\" to you.\r\n\r\nThey may have plugged holes in the dike, and launched an effective diversion campaign. But the water levels continue to rise, and cracks are everywhere.\r\n\r\nEnjoy the Kool Aid.<\/blockquote>\r\n\r\nhttp:\/\/www.calculatedriskblog.com\/2013\/04\/update-recovery-measures.html\r\n\r\n\"Mildly increasing GDP with a falling standard of living\"\r\n\r\nlink.\r\n\r\n\"record food stamps and disability claimants\"\r\n\r\nlink link.\r\n\r\n\"chronically unemployed work force component, an underemployed work force component, ans a record number of workers who have given up looking.\"\r\n\r\nlink link link.\r\n\r\nWhat you\'re describing is a recovery. A slow one. Nobody is claiming otherwise. You are probably a hero at zerohedge though.',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by Blurtman

Blurtman — Thu, 23 May 2013 20:17:14 +0000

RE: softwarengineer @ 17 – Exactly. Managed economy. Managed news. Flagrant cronyism. More facism, than communism, with an industry/government partnership versus the Communist party/government partnership. Pot instead of vodka. Sleep, peasants, and dream of a greater fatherland.
Reply – softwarengineer @ 17<\/a> - Exactly. Managed economy. Managed news. Flagrant cronyism. More facism, than communism, with an industry\/government partnership versus the Communist party\/government partnership. Pot instead of vodka. Sleep, peasants, and dream of a greater fatherland.',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by Carl

Carl — Thu, 23 May 2013 20:01:25 +0000

Good timing and analysis Tim. Another article that says Seattle will be one of the “bubble” cities if rates rise to historic norms. http://finance.yahoo.com/blogs/the-exchange/10-cities-where-housing-bubbles-may-forming-192514102.html
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Comment on NACA: The Largest Housing Services Organization in America Comes to Washington State by NACA Online

NACA Online — Thu, 23 May 2013 19:51:05 +0000

RE: Lily @ 52 – Regarding down payments in the NACA program, many of our members have already saved a sigificant down payment amount. however, in the NACA program, that money is much more efficiently used to buy down the interst rate. The homebuyer is able to buy down the rate one-quarter percent for each one percent of the purchase price. Many of our members are able to buy down thie rrate to near zero, which saves several times the amount of the buydown amount over the life of the loan.

Additionally, NACA is not inflexible when it comes to members who have to move for circumstances beyond their control. In such a situation, our CEO personally reviews the situation and grants exemptions on a case by case basis.

Tim Trumble
Online Operations, NACA
ttrumble@naca.com
Reply – Lily @ 52<\/a> - Regarding down payments in the NACA program, many of our members have already saved a sigificant down payment amount. however, in the NACA program, that money is much more efficiently used to buy down the interst rate. The homebuyer is able to buy down the rate one-quarter percent for each one percent of the purchase price. Many of our members are able to buy down thie rrate to near zero, which saves several times the amount of the buydown amount over the life of the loan.\r\n\r\nAdditionally, NACA is not inflexible when it comes to members who have to move for circumstances beyond their control. In such a situation, our CEO personally reviews the situation and grants exemptions on a case by case basis.\r\n\r\nTim Trumble\r\nOnline Operations, NACA\r\nttrumble@naca.com',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by softwarengineer

softwarengineer — Thu, 23 May 2013 19:36:04 +0000

RE: Plymster @ 1 –

Probably Not Plymster

The banksters protect their cooked books, albeit if I were a lender today, hades, I’d take 50 cents on the dollar from a buyer with a bag of cash…..versus a buyer with 5-10% down with a Freddie/Fannie federal debt backed loan and middle income welfare lower interest rate. I’d be afraid mortgage interest rates in a real American free market should actually be about 10% [money is tight] and I just got agreed to subpar 3-4% interest payments trickling in….that will be WAY underwater when real American interest rates kick in soon.

A bird in the hand is better than two that flew away from the bush.
Reply – Plymster @ 1<\/a> - \r\n\r\nProbably Not Plymster\r\n\r\nThe banksters protect their cooked books, albeit if I were a lender today, hades, I\'d take 50 cents on the dollar from a buyer with a bag of cash.....versus a buyer with 5-10% down with a Freddie\/Fannie federal debt backed loan and middle income welfare lower interest rate. I\'d be afraid mortgage interest rates in a real American free market should actually be about 10% [money is tight] and I just got agreed to subpar 3-4% interest payments trickling in....that will be WAY underwater when real American interest rates kick in soon.\r\n\r\n\r\n\r\nA bird in the hand is better than two that flew away from the bush.',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by softwarengineer

softwarengineer — Thu, 23 May 2013 19:25:24 +0000

RE: Blurtman @ 16 –

Yeah Blurtman

Even the nurse shortage the NWO liars allege is phony too….from my volunteer job I see like 1/3 full hospitals, nurses on 28 hr weeks no medical benefits, and the unemployed 50+ YO ones might as well get a sleeping bag for tent city.

I’ve said it before, the cooked book news we get reminds me of the old Soviet Union Pravda propaganda news…..its sad when we need to dig it up on the BLS site ourselves, when the news reporters should be doing their jobs correctly, not just a parrot/puppet for NWO planned overpopulation planning lies.
Reply – Blurtman @ 16<\/a> - \r\n\r\nYeah Blurtman\r\n\r\nEven the nurse shortage the NWO liars allege is phony too....from my volunteer job I see like 1\/3 full hospitals, nurses on 28 hr weeks no medical benefits, and the unemployed 50+ YO ones might as well get a sleeping bag for tent city.\r\n\r\nI\'ve said it before, the cooked book news we get reminds me of the old Soviet Union Pravda propaganda news.....its sad when we need to dig it up on the BLS site ourselves, when the news reporters should be doing their jobs correctly, not just a parrot\/puppet for NWO planned overpopulation planning lies.',''); return false;">Quote

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Comment on Home Affordability Tanking in 2013 by Plymster

Plymster — Thu, 23 May 2013 19:01:04 +0000

The affordability index is immaterial in a multiple-offer environment where all-cash buyers are winning (and that’s what I keep hearing is happening). Is there any way to gather data on the percentage of all-cash purchases, and how they are trending?
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Comment on Weekly Open Thread (2013-05-20) by Blurtman

Blurtman — Thu, 23 May 2013 18:20:57 +0000

RE: David Losh @ 15 – Define “economic recovery.” Mildly increasing GDP with a falling standard of living, record food stamps and disability claimants, a chronically unemployed work force component, an underemployed work force component, ans a record number of workers who have given up looking. This sounds like “economic recovery” to you.

They may have plugged holes in the dike, and launched an effective diversion campaign. But the water levels continue to rise, and cracks are everywhere.

Enjoy the Kool Aid.
Reply – David Losh @ 15<\/a> - Define \"economic recovery.\" Mildly increasing GDP with a falling standard of living, record food stamps and disability claimants, a chronically unemployed work force component, an underemployed work force component, ans a record number of workers who have given up looking. This sounds like \"economic recovery\" to you.\r\n\r\nThey may have plugged holes in the dike, and launched an effective diversion campaign. But the water levels continue to rise, and cracks are everywhere.\r\n\r\nEnjoy the Kool Aid.',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by David Losh

David Losh — Thu, 23 May 2013 15:56:06 +0000

Tesla paid off it’s debt to the US government. Fannie Mae, and Freddie Mac are stock market darlings, and the deficit is receding according to statistics.

If you want to talk about the unemployment figures you should also consider the $2 Trillion in underground economy that doesn’t get reported. Every government has a way to figure what the black market for labor is doing. I’m pretty comfortable saying that not all tax dollars are being collected today.

I find the United States in a unique position of economic growth. We have all of the austerity, along with the Quantitative Easing. Loans by the government are being paid back, and our banking sector seems remarkably robust.

It seems to me the rest of the global economy is still trying to figure out some angles while the United States is on course to an economic recovery.
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Comment on Cheap South King Sales Gain More Share by David Losh

David Losh — Thu, 23 May 2013 15:41:48 +0000

RE: Erik @ 13 –

I have this Real Estate discussion all the time. I think Real Estate is done for the small investor, and being taken over by huge hedge fund, REIT, and corporate interests looking for returns greater than 5%.

It’s like the fishing, and salmon industries here in the Pacific Northwest.

There’s still money there, but not the quick easy money there used to be. Real Estate is a job.

Speaking of which, job creation is where I think the best investor dollars are. People make fun of our cleaning business, but the numbers don’t lie. We have continued growth, and a ready supply of people who want to work.

We pay well because there is no upper limit on our income.

In terms of your condo sale, you are stuck, the same as corndogs? is stuck. You’re looking at future gains that may evaporate in this time of rising interest rates. It’s completely out of your control.

The Fed is not kind to small investors when they turn on you.
Reply – Erik @ 13<\/a> - \r\n\r\nI have this Real Estate discussion all the time. I think Real Estate is done for the small investor, and being taken over by huge hedge fund, REIT, and corporate interests looking for returns greater than 5%. \r\n\r\nIt\'s like the fishing, and salmon industries here in the Pacific Northwest. \r\n\r\nThere\'s still money there, but not the quick easy money there used to be. Real Estate is a job.\r\n\r\nSpeaking of which, job creation is where I think the best investor dollars are. People make fun of our cleaning business, but the numbers don\'t lie. We have continued growth, and a ready supply of people who want to work. \r\n\r\nWe pay well because there is no upper limit on our income. \r\n\r\nIn terms of your condo sale, you are stuck, the same as corndogs? is stuck. You\'re looking at future gains that may evaporate in this time of rising interest rates. It\'s completely out of your control.\r\n\r\nThe Fed is not kind to small investors when they turn on you.',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by softwarengineer

softwarengineer — Thu, 23 May 2013 14:39:43 +0000

RE: softwarengineer @ 13 –

Speaking of Toyota Automatic Transmissions

They are governed by an acceleration killing computer, because they’re subpar and can’t take stress like American quality ones. Its why they even last as long as they do.

I rented a newer 145 HP Corolla in Fresno and the “da_n” thing wouldn’t move on a flat, hades, my old ungoverned turbo hydromatic 95 HP Chevy Corsica would run circles around that “gutless” wonder….LOL
Reply – softwarengineer @ 13<\/a> - \r\n\r\nSpeaking of Toyota Automatic Transmissions\r\n\r\nThey are governed by an acceleration killing computer, because they\'re subpar and can\'t take stress like American quality ones. Its why they even last as long as they do.\r\n\r\nI rented a newer 145 HP Corolla in Fresno and the \"da_n\" thing wouldn\'t move on a flat, hades, my old ungoverned turbo hydromatic 95 HP Chevy Corsica would run circles around that \"gutless\" wonder....LOL',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by softwarengineer

softwarengineer — Thu, 23 May 2013 14:32:42 +0000

RE: Macro Investor @ 10 –

Toyota is in NASCAR

And Dodge, Chevy and Ford American engineers designed their “cheater” engine. Kick ‘em out of NASCAR, they don’t belong!
Reply – Macro Investor @ 10<\/a> - \r\n\r\nToyota is in NASCAR\r\n\r\nAnd Dodge, Chevy and Ford American engineers designed their \"cheater\" engine. Kick \'em out of NASCAR, they don\'t belong!',''); return false;">Quote

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Comment on Weekly Open Thread (2013-05-20) by softwarengineer

softwarengineer — Thu, 23 May 2013 14:29:25 +0000

RE: Macro Investor @ 10 –

Almost All Original Inventions We Use Today Came Out of America

From my dad’s generation gang. All the space electronics, space shuttle, etc, etc….even the Turbo Hydromatic Tranny from Chrysler that GM bought and sold them for Mercedes too.

Yes, we grabbed up Dr Werner Von Braun a rocket scientist from Germany after WWII, who is worth grabbing up from Germany today? Besides we killed NASA anyway, rocket scientists aren’t needed anymore in our overpopulated 3rd world country future….the past is behind us.

Overpopulation destroys hope and inventiveness throughout the world the last 40-50 years….all we do now is reverse engineer and miniaturize…even nano has no applications yet.

Today’s Germans invented what? A way into Americans’ pocket book IMO.

Without depopulation we’ll never see wages rise, home prices rise and lots of inventions by American engineers again.
Reply – Macro Investor @ 10<\/a> - \r\n\r\nAlmost All Original Inventions We Use Today Came Out of America\r\n\r\nFrom my dad\'s generation gang. All the space electronics, space shuttle, etc, etc....even the Turbo Hydromatic Tranny from Chrysler that GM bought and sold them for Mercedes too.\r\n\r\nYes, we grabbed up Dr Werner Von Braun a rocket scientist from Germany after WWII, who is worth grabbing up from Germany today? Besides we killed NASA anyway, rocket scientists aren\'t needed anymore in our overpopulated 3rd world country future....the past is behind us.\r\n\r\nOverpopulation destroys hope and inventiveness throughout the world the last 40-50 years....all we do now is reverse engineer and miniaturize...even nano has no applications yet.\r\n\r\nToday\'s Germans invented what? A way into Americans\' pocket book IMO.\r\n\r\nWithout depopulation we\'ll never see wages rise, home prices rise and lots of inventions by American engineers again.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by softwarengineer

softwarengineer — Thu, 23 May 2013 14:14:09 +0000

RE: Corndogs @ 17 –

Like Uneducated Kids Getting Lots of Inheretance?

Or GW Bush?
Reply – Corndogs @ 17<\/a> - \r\n\r\nLike Uneducated Kids Getting Lots of Inheretance?\r\n\r\nOr GW Bush?',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by Corndogs

Corndogs — Thu, 23 May 2013 12:51:24 +0000

RE: softwarengineer @ 4 – “the low inventory lately make predictions of future prices worse than guessing by tea leaves”.

Yeah SWE, some people think that when inventory gets crazy low that it leads to higher prices but that’s just stupid rich people.
Reply – softwarengineer @ 4<\/a> - \"the low inventory lately make predictions of future prices worse than guessing by tea leaves\".\r\n\r\nYeah SWE, some people think that when inventory gets crazy low that it leads to higher prices but that\'s just stupid rich people.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by Macro Investor

Macro Investor — Thu, 23 May 2013 07:39:37 +0000

RE: Erik @ 14 –

It is entertaining watching CornDog come off his meds and get wound up. If he wasn’t so pitiful, I’d say he needs someone to punch his face. But he’s probably 95 years old, 400 pounds with a face like Jabba The Hut, and living in a rat infested alley without a friend in the world. Poor miserable wretch.
Reply – Erik @ 14<\/a> - \r\n\r\nIt is entertaining watching CornDog come off his meds and get wound up. If he wasn\'t so pitiful, I\'d say he needs someone to punch his face. But he\'s probably 95 years old, 400 pounds with a face like Jabba The Hut, and living in a rat infested alley without a friend in the world. Poor miserable wretch.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by ARDELL

ARDELL — Thu, 23 May 2013 06:11:19 +0000

RE: erik @ 12 –

This weekend should be a bit slower than usual for me because of the Holiday. Juanita Village Starbucks works.

That book I told you to get explains why the raising dues approach is not recommended. But I can bring a yellow pad and pencil and give you the short version of why and how the math of it functions.

It would be helpful if you sent me a copy of your Annual Budget and the Summary Page from your Reserve Study in advance, or bring that with you.
Reply – erik @ 12<\/a> - \r\n\r\nThis weekend should be a bit slower than usual for me because of the Holiday. Juanita Village Starbucks works. \r\n\r\nThat book I told you to get explains why the raising dues approach is not recommended. But I can bring a yellow pad and pencil and give you the short version of why and how the math of it functions.\r\n\r\nIt would be helpful if you sent me a copy of your Annual Budget and the Summary Page from your Reserve Study in advance, or bring that with you.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by Erik

Erik — Thu, 23 May 2013 05:51:39 +0000

RE: Erik @ 13 –
I called out Corndogs because if he replies, I’m sure it will be entertaining, but my message is that I don’t want to end up as a conservative penny pinching old man. From what I have seen, conservative old rich men are not that happy. They got rich by pinching pennies and that’s all they know. I’m not willing to make that sacrifice. I want to get rich by having good ideas and taking care of myself.
Reply – Erik @ 13<\/a> - \r\nI called out Corndogs because if he replies, I\'m sure it will be entertaining, but my message is that I don\'t want to end up as a conservative penny pinching old man. From what I have seen, conservative old rich men are not that happy. They got rich by pinching pennies and that\'s all they know. I\'m not willing to make that sacrifice. I want to get rich by having good ideas and taking care of myself.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by Erik

Erik — Thu, 23 May 2013 05:41:22 +0000

RE: Macro Investor @ 8 –
If I lived my life by this code you have invented that is setup by people that have already formed a financial foundation, I would end up no better than Corndogs. You see how angry he is. I have lived in Pierce county and I can tell you, I have seen his type. He has beat others down in an “ethical” capitalistic manner his entire life. Now he’s finally wealthy, but at what cost?
My theory is this… He setup this ethical capitalistic standard in his head that you describe. He saw others not abiding by that standard and were succeeding faster than him. He toed the line and bottled up his anger. Now he takes his vent up aggression on others around him and here online. Now he comes on this website and beats down Losh and others repeatedly.
Reply – Macro Investor @ 8<\/a> - \r\nIf I lived my life by this code you have invented that is setup by people that have already formed a financial foundation, I would end up no better than Corndogs. You see how angry he is. I have lived in Pierce county and I can tell you, I have seen his type. He has beat others down in an \"ethical\" capitalistic manner his entire life. Now he\'s finally wealthy, but at what cost?\r\nMy theory is this... He setup this ethical capitalistic standard in his head that you describe. He saw others not abiding by that standard and were succeeding faster than him. He toed the line and bottled up his anger. Now he takes his vent up aggression on others around him and here online. Now he comes on this website and beats down Losh and others repeatedly.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by erik

erik — Thu, 23 May 2013 05:12:41 +0000

RE: ARDELL @ 6 –
I was the one that suggested raising dues to get out of our issues we are having. From what you are saying, that was the wrong approach. This is suppose to be temporary, so we intend to lower our dues in the future. Not sure if that is the same thing?
We can get coffee and talk more whenever you’d like. Text or call me and we can chat. Weekends are better cause I work then do yoga on the weekdays and get home late.
Reply – ARDELL @ 6<\/a> - \r\nI was the one that suggested raising dues to get out of our issues we are having. From what you are saying, that was the wrong approach. This is suppose to be temporary, so we intend to lower our dues in the future. Not sure if that is the same thing?\r\nWe can get coffee and talk more whenever you\'d like. Text or call me and we can chat. Weekends are better cause I work then do yoga on the weekdays and get home late.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by erik

erik — Thu, 23 May 2013 04:58:51 +0000

RE: Macro Investor @ 9 –
Whenever I do something that benefits me and provides me more security, I feel better. Things that keep me awake at night are always missed opportunities. Not like I am really hurting anyone. I Put in lots of free labor and I know how to keep things cheap. I know how to remodel and fix things, so I have saved this community lots of money. Dont worry, I will sleep more sound when I am not living paycheck to paycheck.
Reply – Macro Investor @ 9<\/a> - \nWhenever I do something that benefits me and provides me more security, I feel better. Things that keep me awake at night are always missed opportunities. Not like I am really hurting anyone. I Put in lots of free labor and I know how to keep things cheap. I know how to remodel and fix things, so I have saved this community lots of money. Dont worry, I will sleep more sound when I am not living paycheck to paycheck.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by CK

CK — Thu, 23 May 2013 04:46:53 +0000

Good ol’ days of multiple offers and bidding are back!
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Comment on Knife-Catcher: Year Two Recap of Tim’s Home Purchase by wreckingbull

wreckingbull — Thu, 23 May 2013 04:36:10 +0000

By corndogs @ 43:

Corndog remains anonymous, although he should rightfully have a parade in his honor..

You posted a link to your newly purchased home when you first stumbled across this blog, presumably in an attempt to impress. Oops.
Reply – corndogs @ 43<\/a>:
Corndog remains anonymous, although he should rightfully have a parade in his honor..<\/blockquote>\r\n\r\nYou posted a link to your newly purchased home when you first stumbled across this blog, presumably in an attempt to impress. Oops.',''); return false;">Quote

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Comment on Knife-Catcher: Year Two Recap of Tim’s Home Purchase by Jonness

Jonness — Thu, 23 May 2013 04:15:12 +0000

By Erik @ 11:

if they say it hasn’t lost anything because they haven’t sold yet, this is false logic.

I disagree. IMO, many investors tend to consider assessed value during periods in between the buy and sell points and feel elated or depressed depending on the number of the month. But this is false logic. What matters is the buy point, cash flow or loss along the way, equity taken out of or put into the home, and the sell point.

That being said, there is value in a personal residence that goes beyond the basic flop house vs. mansion cash outlay formula. You could live on the street for free but instead choose to pay money not to. If you put a tent near your place of employment, you wouldn’t need to waste all that money on a car that will eventually wear out and be worth nothing.

Unfortunately, life is way too short to live in a tent and walk everywhere you want to go until the day you die. At some point, you save up enough money to be able to afford to pay for a better lifestyle, and you pay a certain amount of money to live that way. If you’re smart, you don’t get in over your head and you you remain comfortable along the way.

Where people get tripped up is, they put all their eggs in one basket, lever into a huge mansion they can’t afford, and consider it their retirement account. This is simply foolish and breaks one of the cardinal rules of investing–diversify your portfolio.

So live in a house that makes you happy, but keep enough money aside to do some legitimate investing into your future. If you make a fortune off buying and selling your personal residence, then more power to you, but I wouldn’t hold my breath or cross my fingers in the meantime. It will most likely turn out to be a cash drain as opposed to a cash cow. But so will all those cars you drive along the way.

IMO, one should aim at living in a nice home while simultaneously building other investments. If you can’t afford to live this way, then live frugally and work hard until you can.
Reply – Erik @ 11<\/a>:
if they say it hasn\'t lost anything because they haven\'t sold yet, this is false logic.<\/blockquote>I disagree. IMO, many investors tend to consider assessed value during periods in between the buy and sell points and feel elated or depressed depending on the number of the month. But this is false logic. What matters is the buy point, cash flow or loss along the way, equity taken out of or put into the home, and the sell point. \r\n\r\nThat being said, there is value in a personal residence that goes beyond the basic flop house vs. mansion cash outlay formula. You could live on the street for free but instead choose to pay money not to. If you put a tent near your place of employment, you wouldn\'t need to waste all that money on a car that will eventually wear out and be worth nothing.\r\n\r\nUnfortunately, life is way too short to live in a tent and walk everywhere you want to go until the day you die. At some point, you save up enough money to be able to afford to pay for a better lifestyle, and you pay a certain amount of money to live that way. If you\'re smart, you don\'t get in over your head and you you remain comfortable along the way.\r\n\r\nWhere people get tripped up is, they put all their eggs in one basket, lever into a huge mansion they can\'t afford, and consider it their retirement account. This is simply foolish and breaks one of the cardinal rules of investing--diversify your portfolio. \r\n\r\nSo live in a house that makes you happy, but keep enough money aside to do some legitimate investing into your future. If you make a fortune off buying and selling your personal residence, then more power to you, but I wouldn\'t hold my breath or cross my fingers in the meantime. It will most likely turn out to be a cash drain as opposed to a cash cow. But so will all those cars you drive along the way. \r\n\r\nIMO, one should aim at living in a nice home while simultaneously building other investments. If you can\'t afford to live this way, then live frugally and work hard until you can.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by TK

TK — Thu, 23 May 2013 03:22:28 +0000

According to Redfin, Seattle is now the 5th most competitive real estate market—and I’ll believe it. Every house I have seen has multiple bidders on the day it is listed.
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Comment on Weekly Open Thread (2013-05-20) by pfft

pfft — Thu, 23 May 2013 03:08:18 +0000

Republicans in Congress are morons.

An IRS official, the Fifth Amendment and a Congress controversy
http://news.yahoo.com/irs-official-fifth-amendment-congress-controversy-133021953.html
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Comment on Knife-Catcher: Year Two Recap of Tim’s Home Purchase by Jonness

Jonness — Thu, 23 May 2013 02:20:19 +0000

By Jeffrey Chang @ 8:

Do you mind me asking where you got your original home loan from? I’m in the middle of shopping around for home loans at the moment. :)

Give William Doom of Columbia mortgage in Gig Harbor, WA a call. He went above and beyond and landed me the cheapest loan in the nation (I put 35% down and had an 800 FICO. I’m not sure how much that factored in). At any rate, he can take care of everything through fax, phone, and email so you don’t actually have to meet with him.

I’m guessing his current 30-year 0-point fixed is at 3.5%, seeing that rates have gone up about a half a point since I locked last November.

http://www.myequitypro.com/
Reply – Jeffrey Chang @ 8<\/a>:
Do you mind me asking where you got your original home loan from? I\'m in the middle of shopping around for home loans at the moment. :)<\/blockquote>\nGive William Doom of Columbia mortgage in Gig Harbor, WA a call. He went above and beyond and landed me the cheapest loan in the nation (I put 35% down and had an 800 FICO. I\'m not sure how much that factored in). At any rate, he can take care of everything through fax, phone, and email so you don\'t actually have to meet with him. \n\nI\'m guessing his current 30-year 0-point fixed is at 3.5%, seeing that rates have gone up about a half a point since I locked last November. \n\nhttp:\/\/www.myequitypro.com\/',''); return false;">Quote

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Comment on Real Actual Listing Photos: Interesting “Features” Edition by Jonness

Jonness — Thu, 23 May 2013 01:52:50 +0000

Those his and hers toilets are one of the worst things I’ve ever seen in a house (69 ass wiping?)

Note to seller: Both toilet paper holders are out of paper. But I’m guessing you never use any.

Note to listing agent: His and hers toilets are not a strong selling feature. You should be trying to downplay this to potential buyers as opposed to featuring it as bonus.
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Comment on Weekly Open Thread (2013-05-20) by Macro Investor

Macro Investor — Thu, 23 May 2013 01:47:03 +0000

RE: softwarengineer @ 7 –

“an automatic transmission is the most complicated assembly by far to develop. The rest of the world doesn’t have this degree of engineering ability….no, not even close. The unemployed American space engineers are top notch world class too”

Your patriotism is inspiring, but didn’t most advanced auto tech come from Germany? And now that you mention it, German space engineers completely built the US program from scratch.

I also find it pretty hard to believe that Toyota/Honda/etc couldn’t build an 8 gear transmission. They’ve run circles around the big 3 since the 70s. I wish it weren’t so, but it is.
Reply – softwarengineer @ 7<\/a> - \r\n\r\n\"an automatic transmission is the most complicated assembly by far to develop. The rest of the world doesnâ��t have this degree of engineering abilityâ�¦.no, not even close. The unemployed American space engineers are top notch world class too\"\r\n\r\nYour patriotism is inspiring, but didn\'t most advanced auto tech come from Germany? And now that you mention it, German space engineers completely built the US program from scratch. \r\n\r\nI also find it pretty hard to believe that Toyota\/Honda\/etc couldn\'t build an 8 gear transmission. They\'ve run circles around the big 3 since the 70s. I wish it weren\'t so, but it is.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by Macro Investor

Macro Investor — Thu, 23 May 2013 01:36:57 +0000

By 3rd Generation @ 7:

6. “ARDELL
May 22, 2013 at 3:57 pm | Permalink

No condo ass. in Puget Sound in going to get $ 400/mo out of me. Ever.

Me too, brother. I remember Ray saying a lot of condos aren’t worth taking for free because the taxes and HOA are so high. This sounds like just such a mess.
Reply – 3rd Generation @ 7<\/a>:
6. \"ARDELL\r\nMay 22, 2013 at 3:57 pm | Permalink\r\n\r\nNo condo ass. in Puget Sound in going to get $ 400\/mo out of me. Ever. <\/blockquote>\r\n\r\nMe too, brother. I remember Ray saying a lot of condos aren\'t worth taking for free because the taxes and HOA are so high. This sounds like just such a mess.',''); return false;">Quote

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Comment on Cheap South King Sales Gain More Share by Macro Investor

Macro Investor — Thu, 23 May 2013 01:33:36 +0000

Tim, why the emphasis on south king? I’ve heard that’s somewhere below I-90, so the junk’s not worth considering.

Eric, seems a little unethical to assess everyone a painting fee, just so you can get a better price for your unit. But, I guess if you can live with yourself.
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