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Seattle Bubble Forum Archive • View topic - Update: WaMu Pres. House Flip Attempt

Update: WaMu Pres. House Flip Attempt

Anything and everything relating to Seattle-area real estate.

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Update: WaMu Pres. House Flip Attempt

Postby The Tim » Sat Feb 07, 2009 12:46 pm

Former WaMu President Stephen Rotella purchased his home . Listed it .

February 4th: Price drop! Down a whopping $0.35 million

What a steal!
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Re: Update: WaMu Pres. House Flip Attempt

Postby The Tim » Thu Mar 05, 2009 5:52 am

March 4th: Price drop! Down another $0.65 million

Now $1 million off original list price. What a steal!
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Re: Update: WaMu Pres. House Flip Attempt

Postby tomtom » Thu Mar 05, 2009 8:16 am

Another WaMu exec is also doing his part:

Purchased in 2006 for $1,895,000
Listed Dec 21 for $2,250,000
Price Drop to

Play golf on the 22nd floor!

Image
Last edited by tomtom on Thu Mar 05, 2009 12:11 pm, edited 1 time in total.
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Re: Update: WaMu Pres. House Flip Attempt

Postby SeattleMoose » Thu Mar 05, 2009 11:36 am

And what exactly was this person's "worth" to society in comparison to say a teacher, nurse, or police officer.....to justify this obscenely lavish lifestyle?

It must be that while he was sitting in a swank office he made all sorts of "wise" business decisions that put WAMU on solid ground for the long haul.....ahem.

The "high performers require high pay" argument is more than a little threadbare at this point as monkeys could just as easily have run the corporations/big banks/big finance into the ground as "high performing" CEOs (who gave themselves HUGE bonus for doing such a great job...with our tax money).

The "elite financial class" in this country are little more than parasites.

NOBODY should make 20 to 50 times more than the "bread and butter" folks who are the solid foundation of society. There is NOTHING anyone can do to justify that disparity in pay...NOTHING!!! (well....maybe Tom Cruise)

I hope when the dust settles the banksters are put back in their place relative to others who actually provide services/products OF REAL VALUE to society.
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Re: Update: WaMu Pres. House Flip Attempt

Postby The Tim » Thu Mar 05, 2009 11:59 am

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Re: Update: WaMu Pres. House Flip Attempt

Postby EconE » Thu Mar 05, 2009 3:01 pm

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Re: Update: WaMu Pres. House Flip Attempt

Postby perfectfire » Thu Mar 05, 2009 4:22 pm

Remember, if you rent it's not a home, it's a hovel.
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Re: Update: WaMu Pres. House Flip Attempt

Postby rose-colored-coolaid » Thu Mar 05, 2009 4:45 pm

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Re: Update: WaMu Pres. House Flip Attempt

Postby tomtom » Mon Jun 22, 2009 1:53 pm

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Re: Update: WaMu Pres. House Flip Attempt

Postby WestSideBilly » Tue Jun 23, 2009 11:11 am

$1335/mo HOA dues? What the hell!
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Re: Update: WaMu Pres. House Flip Attempt

Postby tomtom » Wed Jul 01, 2009 5:27 pm

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Re: Update: WaMu Pres. House Flip Attempt

Postby rose-colored-coolaid » Thu Jul 02, 2009 10:10 am

What's a WaMu? Never heard of it.
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Re: Update: WaMu Pres. House Flip Attempt

Postby tomtom » Mon Sep 28, 2009 9:42 am

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