Mid-Week Open Thread (2011-05-04)

Here is your open thread for the mid-week on May 4th, 2011. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known.

Be sure to also check out the forums, and get your word in the user-driven discussions there!

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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.

11 comments:

  1. 1
    jj says:

    RE: Scotsman
    last thread you mentioned a great piece of prime rib at a downtown seattle club… any chance you would let me know where i can get good prime rib? I have been somewhat disappointed with experiences at several of the better know steakhouses.

  2. 2
    jj says:

    RE: multiple bids

    My brother recently put his home up for sale, a nice but small Ballard home in the $350-500K range on a very quiet residential street. My brother wanted to sell fast. He had a ton of high quality work done in the last year getting it ready for sale, plus a bit of sweat equity. While there are newer and bigger homes on the market, this house was in perfect condition and was beautifully staged. Realtor put it on the market at a price 3% above comparables, and it received several bids within 3 days and a bidding war took the price 2% above list. After inspection, he spent ~1% on preventive maintenance requested by the buyer (item in question would have lasted maybe 10 more years). So in the end, he ended up selling about 4% above “market,” but had probably put in 6% to upgrades and improvements over the past year.

  3. 3

    RE: jj @ 2

    It Sounds Like He Wasn’t Underwater on His Loan?

    Otherwise, the approx 30% of Seattle home owners out there looking to sell would be forking out a lot more than a measly 4% loss…LOL

  4. 4

    RE: jj @ 1

    Scotsman May Know Some Better Places Than Me for Prime Rib

    *Black Diamond Bakery
    *The Bull Pit on Fridays in SEATAC [$13]
    *RiverRock Grill Renton [BOGO]
    *DraftChoice, Auburn

    *RiverRock Grill is the swankiest and cheapest with BOGO…all use restaurant.com $25 off a $35/50 purchase gift certificates….Fri/Sat’s only for dinner usually…

    Most only serve

  5. 5
    Scotsman says:

    RE: jj @ 1

    Hi JJ- it was at the Woman’s University Club of Seattle where I was a one time guest as one of my daughters was getting an award. I’ve never seen anything like it- I could cut it with the side of my fork. Perfect.

    I tried to replicate the experience Saturday at a local place- the Fall City Roadhouse. Good, but not even close. Sometimes the magic happens, most of the time we just eat, eh? Good luck!

  6. 6
    David Losh says:

    RE: jj @ 2

    We talk about what to do with a property for sale a lot with home sellers, and Real Estate agents. Usually the preparation is to get your property to stand out from the others on the market. There is, in some cases, a return that has to do with the property itself. High lighting special features, or replacing items that will add to the enjoyment.

    You have eloquently detailed what I think is typical.

  7. 7
    Pegasus says:

    Mortgage rates hit 5-month low

    Mortgage rates fell to a five-month low this past week as reports of an uptick in unemployment filings and higher gasoline prices cut into consumer spending, scaring investors into safe government bonds, Bankrate said Thursday.

    Freddie Mac also released its mortgage rate findings, which show the 30-year, fixed-rate mortgage dropping to 4.71% and the 15-year FRM hitting a new yearly low of 3.89%. The 30-year FRM remains below the 5% level recorded this time last year.

    http://www.housingwire.com/2011/05/05/mortgage-rates-hit-5-month-low

  8. 8

    RE: Pegasus @ 7

    But Pegasus, WooHoo!!!….Oil’s Down Below $100/bbl

    This 9% percentage slide down today should mean gas/diesel goes down like 40/50 cents a gallon, huh? Not.

    We’ll be lucky if it goes down a nickel this Summer, even if it plummets to $80/bbl….LOL

    Remember last time.

  9. 9
    Bingo says:

    RE: Scotsman @ 5 -With all due respect, the best steak house in the valley is Woodman Lodge in downtown Snoqualmie. The Roadhouse is a breakfast spot.

  10. 10
  11. 11

    RE: karl @ 10 – That looked like a good article until they got to the point of calling a certain court system a “kangaroo court.”

    I will say though that the particular judge can always have a big effect on any issue. Just as an example, back 10-15 years ago there was an excellent local judge that was simply very difficult to convince on issues involving predatory lending. I would also note that the differences in result that they note between states could very well be the result of differences in state law.

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