melonleftcoast
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Anyone ever been to Mountain View CA? If I take a job with Microsoft, in theory I could transfer there someday. OMG, if you think real estate is overpriced in Seattle, just take a peak at what 500K will get you in Mountain View (small, old co…
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Here's are a couple excerpts from the article that are also good info (IMHO): "A real estate agent now himself, Mr. Bednar sees no shame in making a low offer on a property clearly priced well above the market. While even 5 percent below the aski…
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Here's a good read about low ball offers from the NYT: http://www.nytimes.com/2008/03/16/reale ... =permalink
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"Why in the world not?" You are right, prices MAY drop that much in the Seattle area (King County), but you are probably going to have to wait several years. Like uptown said, the farther you get from the work centers (Eastside and downtown), the…
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From my experience, and my friends' experience, in the Boston area, where they have posted real price declines, you still have sellers that are unrealistic and will pull their houses off the market before they even consider a 20% (or 10% or 5%) "low…
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Well, at least prices have already declined in the Boston area (where we'll be moving to this summer, not Seattle afterall). Therefore, the new "TCL" limits are less in Boston. According to an article in the Boston Globe, Boston's limits are: $52…
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Just my two cents: My husband and I turned our two-family house (duplex in PNW-speak) into condos (a VERY common practice in the Boston area). We had renters in the lower unit, and had a provision in our lease for showing the place to prospective…
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I'll have to look for the article(s) I've read on this, but I think I remember reading that one of the reasons that investors (buyers) of the CDOs do not want to restructure loans is that many of them insured their CDO investments in case they went …
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I'm also "tracking" rentals on the Eastside, but more specifically, 4BR in Bellevue at $2000 or less. I started tracking in about September, and there were roughly 25 listings. Now there are roughly 15 listings (I subtract the homes that are actu…
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I've been monitoring rental listings in Bellevue for 4 beds under $2000, and the inventory has been hovering between 20 and 25 listings for the past couple of months. This house was listed as recently as last week at $1795, and now it is listed a…
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Eastsider, Alan wrote: His asking rent is about $500 for every $100K of the price of the home. Isn't that *roughly* the cost of a low rate mortgage?
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In all my bubble-blog browsing, I've come across a handy exurb-suburb-urban deflating bubble depiction, but I cannot seem to find it! Has anyone else seen it? It shows how exurban houses far from the main city/employment center decrease in val…
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Currently, there are twenty 4 bedroom homes listed for rent in Bellevue for under $2000. That seems like a pretty good selection considering there is only a 3.8% vacancy rate. The fact that one could rent the same house for much less than of the …