I almost fell out of my chair when she said that Biotech is one of the industries investing heavily in the area. Amgen laid-off people last year will more than likely lay-off more people in the future...they are the largest Biotech employer in the area. :x
Biotech is not labor intensive will not add the number of jobs that most people think it would. Also, most salaries in Biotech would not support the purchases of 500K and up homes.
I often wonder whether the people who make these statements really believe them or not.
Ira - if you read this, I would love to have your insight. Why does it appear that so few real estate agents are willing to make predictions with such strong consequences? Won't they feel guilty if they turn out to be wrong?
Ben,
I think a lot of real estate agents are counting on people's short memories. There are a few professions where wrong predictions have no consequences, such as stock market predictions and weather forecasting. You can be wrong all the time and it won't matter.
Most real estate agents have swallowed the Kool-Aid and it serves them well to swallow the NAR crap. If you make your living selling houses, and prices are going down and nobody knows when it'll stop, the safest policy is to just smile and say " It's a great time to buy!"
I think people are smarter than that. I'm not going to tell people " Don't buy!", after all, I'm a real estate agent, but I'm also not going to do that song and dance routine telling them they'd better buy now because prices are going to go up any day now.
About predictions: I love to make them and I'm usually wrong. I see a home price bottom around the fall of '09 and flatness till about 2012. In politics, I see Barack Obama getting elected President with Jim Webb as his running mate. Weather: we'll see sunshine forever!
Dude, I love you and all, but you either have a serious misunderstanding about the laws of thermodynamics or the meaning of the word 'forever'.
Tru dat! We (the earth) will see sunshine for perhaps another 5 billion years. Then the sun swallows our planet before collapsing in on itself. Forever? Whatever!
People are always talking about how at least the sun will come up tomorrow, but what they don't realize is that solar trends can last for billions of years or more. Sure, we may be in a hot environment now, but better start saving those joules because we have a cold future in store for us. Remember, they aren't making any more hydrogren.
Dude, I love you and all, but you either have a serious misunderstanding about the laws of thermodynamics or the meaning of the word 'forever'.
Tru dat! We (the earth) will see sunshine for perhaps another 5 billion years. Then the sun swallows our planet before collapsing in on itself. Forever? Whatever!
The funniest RE agent signage that I ever saw was in the central part of Mercer Island, with a sign header of "WATERFRONT" -- Huh? It's in the middle of the frickin' island!
Turns out there was a man-made lake (well, maybe low spot would be a better term), maybe a foot deep, that several houses were built around. But waterfront???
The funniest RE agent signage that I ever saw was in the central part of Mercer Island, with a sign header of "WATERFRONT" -- Huh? It's in the middle of the frickin' island!
Turns out there was a man-made lake (well, maybe low spot would be a better term), maybe a foot deep, that several houses were built around. But waterfront???
That was really common in Indiana. Developers would dig up some holes, use the dirt to level the subdivision, and then fill the holes with water. The properties would then be marketed as having a pond, which apparently was something people like and pay extra for.
Only after the house is built do they realize the water is gray water, and you can't do anything except look at it. Good breeding grounds for various insects, too.
Comments
... and how the hell is Bothell "central", much less Issaquah/Sammamish? And popular? HAH!
Biotech is not labor intensive will not add the number of jobs that most people think it would. Also, most salaries in Biotech would not support the purchases of 500K and up homes.
But, but, but.....I saw it on TV!!!!
Unbelievable the deceit just to con someone into paying you a comission so you can keep paying on that Beamer.....
There is no shame...nor accountability.
Ira - if you read this, I would love to have your insight. Why does it appear that so few real estate agents are willing to make predictions with such strong consequences? Won't they feel guilty if they turn out to be wrong?
I think a lot of real estate agents are counting on people's short memories. There are a few professions where wrong predictions have no consequences, such as stock market predictions and weather forecasting. You can be wrong all the time and it won't matter.
Most real estate agents have swallowed the Kool-Aid and it serves them well to swallow the NAR crap. If you make your living selling houses, and prices are going down and nobody knows when it'll stop, the safest policy is to just smile and say " It's a great time to buy!"
I think people are smarter than that. I'm not going to tell people " Don't buy!", after all, I'm a real estate agent, but I'm also not going to do that song and dance routine telling them they'd better buy now because prices are going to go up any day now.
About predictions: I love to make them and I'm usually wrong. I see a home price bottom around the fall of '09 and flatness till about 2012. In politics, I see Barack Obama getting elected President with Jim Webb as his running mate. Weather: we'll see sunshine forever!
Dude, I love you and all, but you either have a serious misunderstanding about the laws of thermodynamics or the meaning of the word 'forever'.
Tru dat! We (the earth) will see sunshine for perhaps another 5 billion years. Then the sun swallows our planet before collapsing in on itself. Forever? Whatever!
Hydrogen always goes up?
When in a mixture of lighter elements/molecules it sure does. When drifting free in outerspace, who can tell which way is up?
I guess so, if you work in either Sammamish or Bothell.
Turns out there was a man-made lake (well, maybe low spot would be a better term), maybe a foot deep, that several houses were built around. But waterfront???
That was really common in Indiana. Developers would dig up some holes, use the dirt to level the subdivision, and then fill the holes with water. The properties would then be marketed as having a pond, which apparently was something people like and pay extra for.
Only after the house is built do they realize the water is gray water, and you can't do anything except look at it. Good breeding grounds for various insects, too.
http://blog.seattlepi.nwsource.com/real ... 139834.asp
Sure your house may be worth less than before, but so is the one you want... Probably...