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Seattle Bubble Forum Archive • View topic - New homes go straight to auction outside the bay area.

New homes go straight to auction outside the bay area.

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

New homes go straight to auction outside the bay area.

Postby gettohomes » Mon Oct 08, 2007 12:59 pm

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Postby hamsterdeposit » Tue Oct 09, 2007 11:46 am

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Postby Ouch! » Tue Oct 16, 2007 3:58 pm

Here's the follow up story with the auction results:


"I'm feeling my worst fears right now," said Cantrell, who estimated that the auction devalued his neighbors' homes by roughly $200,000 each compared with what many of them paid a year ago. "I lost a quarter million dollars in value. I'm screwed."
Ouch!
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Postby redmondjp » Tue Oct 16, 2007 4:27 pm

If they were smart, they would take a copy of the article and run, RUN I say, down to their local assessor's office and demand, INSIST I say, that their assessed values be reduced.

Gotta make lemonade with those lemons, no? :?
Fighting off Affluenza on the Eastside since 1995
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Postby rose-colored-coolaid » Tue Oct 16, 2007 7:55 pm

So a 38% plummet in price in only a year according to the article. I know this is just one example, and hardly a trend. But...why is now the perfect time to buy again?
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Postby The Tim » Tue Oct 16, 2007 8:12 pm

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Postby Ubersalad » Wed Oct 17, 2007 8:19 am

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Postby perfectfire » Wed Oct 17, 2007 9:11 am

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Postby Ubersalad » Wed Oct 17, 2007 10:04 am

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Postby rose-colored-coolaid » Wed Oct 17, 2007 10:50 am

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Postby Lake Hills Renter » Wed Oct 17, 2007 11:47 am

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