Is this the bottom?

[chines]

[rose-colored-coolaid]

[Alan]

Is this the bottom?

http://www.redfin.com/WA/Kirkland/12820 ... ome/279288

12820 95th Ave NE
Kirkland, WA 98034
Asking: $340k
Last Sold 5/2006 for $425k

That is an $85k haircut. It could also be described as a 20% drop.

[Alan]

That house is going up for foreclosure auction on this Friday (June 20th). There is no way he will be able to close by then. I think he hopes to get it under contract so that he can stall the foreclosure.

Also the owner is a mortgage broker who has had his fingers in six properties over the last three years.

[Markor]

It's STI.

[Alan]

The auction is in two days. I wonder if he can get it delayed.

[rose-colored-coolaid]

Let's see, June 19th...

This is definitely not the bottom. But here's a hint, the bottom will not be on a sunny day (I heard that from some trustworthy Realtors(R)).

[sid]

Buchan home - selling for 10% below nov 2005 price.

[rose-colored-coolaid]

It's been a couple weeks. But shockingly, the week of July 4th is not the bottom of the crash.

Check back in a couple weeks to learn if we've bottomed out yet.

[rose-colored-coolaid]

I've been slacking on this subject a little bit. But just so it's clear - with the government sponsored lenders running out of cash - this is definitely not the bottom.

[deejayoh]

[rose-colored-coolaid]

[JimN]

I walk past this every week. Actually has been for sale much longer than 135 days. Price started well over a million back then. Walk away candidate?

http://www.redfin.com/WA/Seattle/4422-B ... me/8188868

"Sell now or be priced in forever!"

[Ubersalad]

RCC, is it the bottom today?!

[Lake Hills Renter]