uptown
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re: Rent stabilization - the problem is usually short term, but the government tries to come up with a long term solution (so they don't have to think about it again). Of course that is true of most voter Initiatives/Propositions, too. Prop 13 in …
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If you haven't already, I would spend a weekend up here right now to see what you think of the weather in winter. Seattle is a long way north and days are very short Nov-Feb, but the long days during the summer make up for it. The rain doesn't sto…
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The only real deals are probably outside King County at this point - Kitsap or Pierce. Land might be a better bet inside King County. You can then take advantage of the downturn in building to build your dream home, so you don't have to buy someo…
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I went through a full service broker when I last changed my insurance. They did the work of getting the quotes (from all the well known companies) and I saved a ton of money by going with a local company (not that big one, the small one). Renter…
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Looking at the Silicon Valley market, I see that my old place is on the market for the same price it sold for in 2003; and yes, somebody is taking a haircut as it last sold in 2006 for a bunch more. But that 2003 price is still too high for my tast…
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Unfortunately, what I have seen in the past is that landlords that raise rents constantly have more turnover - therefore they have the most vacancies. Landlords who don't raise their rents have happy tenants and few if any vacancies. How about l…
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Just do a search for "renovated" or "renovation" on Craigslist (apts/housing for rent). On top of the 2300 listings, many seem to be for multiple units in buildings that have been renovated recently. I think we are starting to see the beginning of…
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Condos prices can be more volatile than houses as you don't own the land underneath, and other factors, such as too many renters in the building, can make it very hard too sell (buyers have to get investor loan). Condo prices have been known to dr…
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Have them try and get pre-approved for a mortgage, that should be fun.
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Politicians trying to get on the news, that's all this is. Freddie and Fannie have both stated earlier this year that they are interested in "cherry picking" existing investor held mortgages, but not much else. And $ 1 billion ain't going to g…
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Meshugy You can be assured that collectables like vintage instruments, classic cars, etc... willl take a dive once the housing ATM is closed. They have in the past when RE took a dive.
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"on par with New York's Rockefeller Center or London's Canary Wharf." What do the two have in common? Bankruptcy.
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phinneygirl - I know plenty of people who bought at the top of the last California boom. All managed to come out of it with large profits. The trick is none were heavily leveraged (20% down was the norm), and all bought in very good areas, but …
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Must have nice views of 520 as well; close enough to hear it all the time. They must have asked somebody how much to adjust the price because of the gutting, and they answered 370K; so they added that amount to the price. Of course they were sup…
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Well it looks they've managed to add a few more this afternoon - Windermere is now at 11,004 listings for King County. Seattle is 3,348, split 1,221 condos and 2,127 sfr. A 1% increase for Seattle, in less than a day? Ummm, bubblecious.
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Windermere shows 10,878 listings (house & condo) in King County as of today; up 8% from the beginning of May. Of course that doesn't include the condos flooding onto the market, including 2 conversions below me. Bubbles tend to burst - that'…
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Hey folks, don't pick on JD. If it weren't for suckers like him I'd never make any money. Honestly, why do speculators always think they are the chosen ones? Here he is planning on retiring in 10 years along with a few other baby boomers, and h…
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I reported a broken street sign post through Seattle's website the other week. First thing the next morning (before I had breakfast) they stopped by to check it out, the next day they had replaced the post and sign. --- A friend of mine used to co…
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When the big guys sell (Equity) it's time to move on. I used to have a broker (global) that would sell itself just before the stock market went down, and they had impeccable timing. 8)
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The reason people used to work for companies like MS and Google was the stock options. I have no idea why they would bother at this late date unless you believed there was still an upside to the stocks. Though in the case of Google, it looks they …
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I would get the best pictures I can on the MLS, make sure the outdoor ones are taken when the lighting is best (early or late in day). Create a simple website for the house showing many pics of the house, and linking to neighborhood related website…
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I'm sure there real winners.... So which is shugy? Houses in Ballard are great and worth more than half a million, or they aren't? -
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Maybe in Shoreline...in Ballard everything is gone within a week. Well, I just found over 40 houses (not condos) on Redfin that have been listed longer than 45 days. So much for Ballard.
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Inventory seems to still be building, Windermere now shows 9,989 listings for King County. Beginning of March it was 8,148, and they broke 9,000 by April 4th.
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Since rents went down after the dot com bust, why wouldn't they start to go up - inflation sure has. I've been in my current place for 4 years and no rent increase yet for me, and they dropped the price before I moved in. I'm sure they have been r…