carlislematthew
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"Realtor? No, I work for a living. I'm a poor, stupid, ignorant slob. " From davidlosh.com "My wife and I operate a couple of business that specialize in preparing properties for sale. This is work I have done since high school in 1968. My wif…
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You might want to modify your subject line as it's misleading, if not plain false. 33% of brokered loans failed. The article says that a third of all loans are brokered. Therefore, the correct subject line (based on this article's information) …
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The Tim wrote: Actually, if you're referring to the readership, it's been increasing. See for yourself. Click "Weekly" then adjust the date range to the entire year, and hit "area graph." However, if you're referring to posting, well, I've ju…
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femto wrote: There was an aside in a comment on another blog I read that got me thinking about one possible source of median price inflation: when sales slow down, only the "best" houses are selling. This happened in San Diego in 2006 when …
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finance wrote: Koolaid - First of all Im not a troll, as Tim has defined it since I have been around for more than a few days. Second, my views have not changed and have been saying that the markets will soften and will slow, yet not be nearly as…
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top01cat01 wrote: Amazing that you be posting 2-3 years away from the time period of when to Pick Up a MORTGAGE.. ... Lets call it what it really is~!! Renting Money to hopefully pay the note off in the future. Im amazed at what terms that thro…
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149 jobs lost! WOW! This is SO HUGE... Uggggh.
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rose-colored-coolaid wrote: The first thing I would do is discard the notion that they switch from a 30 year (with 20 years remaining) into a 20 year mortgage. YES YES YES. This is exactly how it works. After all, you "save" money by pa…
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finance wrote: aldreth - Going out of your way to pay more for a product is called stupidity. Not always. For example, I'll often go to REI and spend more by buying it from them, rather than buy it online for a little less. REI is a loc…
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rose-colored-coolaid wrote: Probably just a reporting frequency artifact. If anyone in the chain of reporting only works Wed-Fri, they could stall for 4 days, then get to their inbox and take 3 days to work through it. This is just a guess of co…
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rose-colored-coolaid wrote: In Seattle, real estate season == 3rd week of June? Yes, but only if it's not raining (people stay at home) and it's not sunny (people don't like to buy houses on sunny days). Also, if it's too gray and overcast…
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I second this. I get daily listings from CBBain for the Issaquah/Sammamish area and am seeing lots of reductions. Perhaps one everyone couple of days or so. Usually in the 10 to 20K range. It seemed to start a couple of weeks ago...
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deejayoh wrote: unfortunately, risk premiums are rising faster than the risk-free rate is falling so your mortgage gets no cheaper. Are you sure that's true for GSE conforming "prime" loans?
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"If you are an authorized user on someone else's account and want to maintain the benefit, the best thing you can do is become a joint account holder. This is the only loophole that will be left once the FICO model changes. " After they make this…
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rose-colored-coolaid wrote: You should consider diversifying beyond Asian markets. BRIC includes Brazil and Russia for example. In fact, most of the world will probably meet or beat US performance over the next 5-10 years, so take your pick. …
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Eleua wrote: What if 5.25% is too low? Trust me on this. I'm right on this point. Is the implication here that you may be wrong on other points?
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deejayoh wrote: Re: Jumbo Run of the mill houses in Lake Hills are going for more than $417k. Hell, that includes the house i'm renting -- an average house in an average neighborhood (that sold for ~$250k a few years ago). Is $417k the …
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prusakolep wrote: Subprime = borrower with bad credit risk Personally I think IO loans make sense for prime borrowers if you put 20% down and have extra assets. It's OK not to be paying down the principal if that lets you conserve the cash you wo…
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Lake Hills Renter wrote: Re: Jumbo Run of the mill houses in Lake Hills are going for more than $417k. Hell, that includes the house i'm renting -- an average house in an average neighborhood (that sold for ~$250k a few years ago). The q…
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aldreth wrote: Will we break below 13k today? Impossible! Bush said the fundamentals are good!!
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Interest mortgage info, for those that are interested: http://www.billcara.com/CS%20Mar%2012%2 ... ousing.pdf So it looks like "Seattle" (not sure if they mean the city, or city and surrounding areas, like they usually do - Case Shiller, for e…
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sniglet wrote: carlislematthew wrote: I suppose it depends on how you define "dodgy". If you mean subprime, then I think you're right, there are relatively few subprime loans compared to other areas of the country. Or so I hear... Is …
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sniglet wrote: jillayne wrote: "100% LTV stated income/no doc loans are gone. This wipes out a huge segment of the population that previously had ONLY relied on these loan products." Really? Is this the case for Washington state in gene…
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meshugy wrote: biliruben wrote: If you simply supply the link where you can access the report early without being a member, I'll drop my accusation and apologize for accusing you of being a shill. Why would I do that? It's much more fun…
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jillayne wrote: sniglet, There are still many loan originators and Realtors in total denial that this will affect them here in Seattle. That's the funny thing about financing. While real estate may be local local LOCAL, financing is nat…
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I was just out near Rattlesnake Ledge at the weekend (I-90, exit 32) and noticed a lot of places for sale. It's been like that for a while, but seems to be getting "worse". Also, same with Granite Falls area, and Hood Canal too. There are quite…
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Mr Calculated Risk (on his blog) believes that we'll likely see the impact of the recent tightening in August or September numbers. I suppose that this means we'll really see the numbers reflect the recent reality in October. Justifications from…
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rose-colored-coolaid wrote: TJ, it's good to see that everybody who calls things after they happen and pretends they knew all along (Kramer, I'm looking at you) are now on top of the Alt A == Subprime development. It makes me wonder just long we'…
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TJ_98370 wrote: One factor that needs to be considered is the Iraq war. Financing that war has significantly increased the money supply. Within the last century, every major war brought about inflation to some degree. Maybe inflation is now inevit…
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Ubersalad wrote: somehow I doubt if the "bubble" bursts, most of you bubbleheads would still argue and wait for the lowest price point. then the price cycles back, and you're all back where you at right now. I see a vicious cycle. Most o…