RottedOak
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The Bravern in Bellevue just announced that they will be renting units that they wanted to sell. The Seattle Times article about it (http://seattletimes.nwsource.com/html/businesstechnology/2011710235_bravern27.html) says rents will start at $1100/…
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barista wrote: What do you folks think? Is the market picking up? I read through some of the comments and checked the stats Tim posted and this does seem like a natural spring phenomenon to me. Every spring produces this kind of talk in "bust…
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Lake Hills Renter wrote: Love the low-angle TP-roll view. It gets bonus points for having a sheet half torn off, suggesting the possibility of recent usage.
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Forget 1800, in 1950 the average home was only about 1,600 sq ft, and it held about 2 more people on average. If standard of living regresses 30 years and stays that way for a prolonged period, we probably have 25 years of supply in urban King Count…
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I don't see anything about apartments on their sign or website, plus they still have some units for sale on the MLS. I guess this is a stealth repartmenting. That's entirely possible. Where I live (not Riverstone, just to be clear), the owner c…
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Alan wrote: It also creates a default scenario where the rent is raised on renewal. You get the same price, but you don't get the same bonus. I'd say this is a big motivation for rental bonuses and rebates vs. just lowering the rent. People…
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rose-colored-coolaid wrote: It's been fairly well established on this (and other?) blog(s) that a group of pink ponies have been engaging in price fixing schemes to prop up real estate in the Seattle area. They have been spotted frequenting the M…
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Maybe that fourth slot is for a minus sign?
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Update on this situation: A few days ago, the seller dropped the price. It's now listed for the same amount that the seller originally derided as "super-lowball." Sometimes irony is the most delicious form of comedy. Or was that tragedy?
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mukoh wrote: What is going to end up happening is the person won't be paying mortgage to WaMU but to Federal Banking Center Inc, and the loan will be enough for the person to pay without going to repo. Maybe that will happen eventually, but…
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Robroy wrote: Although I concur that this sounds downright silly, it is possible that a mitigating factor may be that the guy has already dropped his asking price by a huge amount. From the information he gave to his seatmate and on the phone…
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If you default on the mortgage, you can still keep the SUV, TV, and other incentive goodies, since those are not used to secure the loan. Plus you can make off with any appliances, cabinets, plumbing, copper wires, roof tiles, trees, etc., that migh…
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To me, putting parquet on the walls is like putting wallpaper on the floor.
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redmondjp wrote: I think the flipping reality show concept is now officially dead. The desperate homeseller reality shows, on the other hand, will continue to flourish, I predict. "Property Ladder" has long combined the two genres by showcas…
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TJ_98370 wrote: Twenty-eight new condominiums on the Bremerton waterfront will go on the auction block next month — with the starting bid on the cheapest unit reduced in price by 58 percent..... .. I'd beware of any "auction deals" at this p…
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sniglet wrote: In the growing number of cases where the owner of a home's mortgage is unclear (because records were not properly kept as the mortgage note changed hands) what happens when the borrower actually wants to sell the place? I thoug…
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What I think is absolutely hilarious is the paper's ability to un-ironically quote the most stereotypical realtor comments possible: "From here, it's only going to go up." (Lee Avery) "It's a great time to buy." (Maureen Buckley) "We are starti…
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One implication of the reduction in the number of people in RE-related professions (in this case mortgage brokers, but the volume decline in RE affects others as well) is that it provides some extra context for anecdotal stories from individual prof…
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perfectfire wrote: garth wrote: Bears are only right once for a short period over a long period, and don't make any money, who are people suposed to look to? Anyone bearish right now has always been and will always be bearish. This is …
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I would be cautious about Port Townsend due to the accessibility issues. There are three routes out: 1) The most direct car route to Seattle is into Kitsap County via the Hood Canal bridge, which is scheduled for a temporary closure in 2009 for repa…
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... the Seattle group likes to look at communities in every direction but west, ... Agreed. Because of the inconvenience of relying on the ferry system for a daily commute, the western areas of Puget Sound tend to get discounted. Bainbridge Isl…
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"As is" is a standard disclaimer for bank-owned properties. As foreclosures increase in the area, you'll see this a lot more.
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carlislematthew wrote: If you don't believe prices will drop 80%, you're a troll! You must be a housing bull! By 2010, prices will have dropped at least 99.999%. House keys will be included as prizes in Crackerjack boxes. "Own to rent" pr…
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rose-colored-coolaid wrote: It's hard to change now, because we have 50 years of momentum, but eventually I'm sure we'll come around to a more European model of development. Again, I believe a much better model is to have small dense cities (po…
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wreckingbull wrote: My brother just took a $65K gut-punch, on a place that is probably worth $375K. Yikes! Special assessments of $40K or $65K for normal condos (not some retreat multi-millionaires) are outrageous. We've experienced several a…
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EconE, OK, I'll bite. What is your selling price and how much do you rent for?