sourmash
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I have a passing interest in this one: http://www.zillow.com/HomeDetails.htm?zprop=48682153 This flipper bought this property from me for $420K May 4. (I now rent.) He's now asking $525K (FSBO) with no comps north of $470K in the area. Most…
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Cut the crap about renters living in some dank basement with a landlord beating them down every day. It's just not the case. Amen. I just sold our house and moved into a nice rental. It's a lifestyle upgrade (shorter commute, more light, bett…
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blueskitten wrote: So, do you all consider $1500-$2000 the going rate for a decent 2 BR rental in the Seattle-Tacoma metro area? Depends on where and what you mean by decent, I think. Here's a tale from the trenches: I am under contract …
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Oops, the real price index already adjusts for inflation. So 4%/year is too high a target for "normal" ... more like 1%/year. So, that would put us more squarely in the 35% overvalued neighborhood.
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It is lagging, but it's also clear that the slope is gentler. I like the indexed real price curves, those are instructive. If one assumed a typical 4%/yr rate of appreciation starting in 1998, we'd be at about 137 by now. If Seattle dropped…
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I'd buy a tear down on the west face of Phinney, tear it down, and have a prefab modern house built. Something like http://www.mkd-arc.com/whatwedo/breezehouse/index.cfm or http://www.rocioromero.com/LVSeries/LVL.htm would do the tric…