MrRational
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perfectfire wrote: Where is that? I've pulled up documents on the county website dozens of times and never does it give the terms of the mortgage. You can't see mortgage details or amounts via the King County website out of privacy concern…
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Generally the only types of remodels that will get you more money (or at least match or exceed what you put into them) are the ones that are structural in nature, like an extra bedroom or expanding the kitchen. The cosmetic updates will definatel…
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Alan wrote: It looks like the three month change. I don't think it's the 3 month change. September's level was 191.66. December's level was 184.88 for a roughly 3.5% decrease over these 3 months.
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Aldreth, Don't know where you're getting your data but when you go right to the source (http://www2.standardandpoors.com/spf/pd ... 022603.pdf) C/S is showing YTD change of 0.5% for Seattle. I have no idea where this -13.4% is coming from.
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sniglet wrote: Huh? They clearly aren't very worried about inflation since they are LOWERING rates. The Fed talks a lot about "risks" to the economy and financial sector. Just what might those risks they are concerned about be? Declining prices, o…
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perfectfire wrote: I'm firmly in the deflation camp, but would like to note that prices are influenced by scarcity (i.e. "They aren't making any more land!") in addition to money supply. So scenario of deflation with some rising commodity prices …
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sniglet wrote: I am getting quite used to being the lone voice on issues (just ask all my friends and family who thought I was batty for selling my Bellevue house in 2003), so I am happy to be the token deflationist on the SeattleBubble. F…
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sniglet wrote: In fact, I fully expect to see $50 a barrell oil by the end of 2009. Boy, someone sure is abusing our State's medical marijuana laws. Time to get some fresh air Sniglet. Perhaps you should mount up the training wheels and g…
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Ah yes... gotta love those benefits of renting. But wait, did your income go up over 10% YOY? I thought rents had to follow income growth because you can't take out a suicide loan to pay your rents. I remember about 5 years ago when I first mov…
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I have family that live up there and they love it. If you can do it without committing financial suicide then why not? Also, if the thought of losing some of your equity over the next few years would make you very worried then you should probably …
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"The percentage of income a typical family would have to pay for a typical home dropped from the low 20s in 1990 to the high teens through the early 2000s and has returned to the low- to mid-20s, according to Yun." Does anyone see how this is pos…
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deejayoh wrote: Case Shiller is based on closed sales for a 90 day average - so Oct-Dec = "November" Actually, you're a bit off on this. From page 6 of their methodology: "The index point for each reporting month is based on sales pairs fo…
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carlislematthew wrote: My gut wants to agree with you, but the median King County price is -10% down from July. Sure, we all know that median price is a bit whacky, but still, it does seem like King County is having a bad time of it too. I…
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deeplennon wrote: The 'you are now underwater' honor is now bestowed upon any Seattle area home buyer who purchased since April 2007. I'd be careful with that sort of statement. Keep in mind that when Shiller uses "Seattle" in his index it…
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AwaySooner wrote: I am not saying we are going to be like Japan, but take a look at 1990 to 2003. That's 13 years. Today we are at the 1987 level. http://chart.finance.yahoo.com/c/my/_/_n225 What happen to them? Banks holding bad debts and g…
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Phantoosh wrote: With real-estate being in soft-mode, do you suggest getting out of the contract at this time? The dilemma is coming from its hard to get 3 bedroom (1300 sq. ft.) house in that area for less than $500,000. How many homes are…
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Thanks Deejayoh...excellent analysis! You may want to make this the subject of a post off the main page, I bet a lot of people would find it interesting.
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TJ_98370 wrote: San Fransisco has a loan overdue rate of 2.29% (the third lowest) according to the link you provided in your post above. It appears that a significant downturn in real estate can be unrelated to "loan overdue rate". Seattle is look…
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If you get serious about a place you want to rent I would seriously encourage looking up when the place was purchased as well as how many DOT's are on the property. You can even go down the County Admin bulding and pull up the complete deeds and se…
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garth wrote: Is there a big national homebuilder that is active in this area other than Centex? DR Horton is pretty big around here.
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rose-colored-coolaid wrote: All of that was meant to point out that I think if 5% of homes built during that period turn out to be true money pits (I.E. falling apart, appliances fail, walls rot out), they could out-weigh all the good homes from a…
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I agree, there has been a lot of junk "constructed" in the past few years. But I also think it all comes down to the specific builder and in particular the supervisor who will be overseeing construction of your home. For instance, I've visited sev…
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pumpkin wrote: Why are prices *seemingly* dropping like rocks outside of Seattle, but we are still facing the same prices, prices per feet, etc in city? Is there any hope? In any downturn the outer areas will always go down first. The clo…
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It's already out: http://seattlepi.nwsource.com/local/334 ... ing06.html
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The Tim wrote: Ooohh, hey everybody. It's already PRICE REDUCED! Now just $16,700! Just curious here, but I'm sure that most people at work know about your blog by now. Don't they get a little pissed at you for basically making light …
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The Tim wrote: For the record, Seattle didn't make the list because it's not one of the cities that have housing futures traded on the Chicago Mercantile Exchange. Good point.
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rose-colored-coolaid wrote: Naming yourself MrRational doesn't mean that you can make one-sided statements and that everyone else should just nod their head and agree. If that worked, I'd legally change my name to MrGod. Did I ever ask eve…
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rose-colored-coolaid wrote: Imminent Domain means you may be kicked out of your own home if it's convenient for the government. True, people are evicted for no fault of their own more often than their house is seized via imminent domain, but I'm …
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Lake Hills Renter wrote: Or lose your job, or get a divorce, or big medical bills, or... There are most definitely non-financial benefits to owning a home, but let's not pretend that once you are in a home you are somehow safe from losing it. …
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RedHotLama wrote: So is it all appreciation that people are banking on?????????????? People who buy now could be betting on appreciation but they could also be betting on the fact that housing may be fairly valued and rents may be undervalu…