garth
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The mainstream media does not pick up much of what henry blodget says, as his credibility is pretty limited. Lucky for us singlet we have you to be wildly pessimistic
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Single family homes and condos are just not designed to be rental products, and being a landlord with one unit for rent is too risky and expensive for most people. Most speculators hanging on and renting are going to get hammered as they are not abl…
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In seattle currently there seems to be a lot more demand for one bedrooms and studios than larger apartments / rented condos / small houses. I have a neighbor who just rented a bunch of units and the $1200 one bed units are full, but only one of th…
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The "trust" jon spoke of is actually a company that acts as a trustee in foreclosures. Is this some kind of invesment group that is trying to bottom feed, buying foreclosed homes? Or is this some kind of paper shuffling game to allow the bank to…
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There are some good things too, old growth beams are often found in older houses which are much more resistant to rot and bugs and things have settled / water has flowed through the property over the years. Pretty much every basement in Seattle h…
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Another $20k off as of today, down to $769,000. Looks like maybe SR should read Greg Perry's post on their blog yesterday about chasing the market down. I'm going to guess that the price at which this will actually find a buyer will be somewhe…
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No 22 million here: http://www2.standardandpoors.com/spf/pd ... llapse.pdf
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Explorer, What does the rentometer tell you about the new price for the triplex? http://www.rentometer.com/
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I didn't look up the parcel, but I would guess divorce.
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The biggest one is the nature of the housing bubble itself and the drive until you quality philosophy. This David Stiff guy and his "Housing Bubbles Collapse Inward" article lays it out much better than I could: http://www2.standardandpoors.co…
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Jon, I don't think that has been true of the bellevue school district for quite some time. In most cases with cities of decent size the older the city and district are the lower their ranking goes as the population is more diverse and there is…
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I think capital hill is kind of an example of this, mansions turned into multi-family rental housing, now heading back the other way.
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Jon, That was a good read, I love this article http://www.cnn.com/2008/TECH/06/16/subu ... newssearch Mostly because I find this theory fascinating: But as the market catches up to the demand for more mixed use communities, the United Sta…
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Until banks have to carry loans on their balance sheets again, I don't see how things revert back to 1987 standards.
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That is a weird one Ira. The owner edited zestimate is awesome http://www.zillow.com/myestimator/Saved ... jbin_8fetj The $50,000 koi pond line item made me laugh out loud. The two prevalent types of fraud seem to be the straw buyer and th…
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There has been research in this vein regarding foreclosures, the hypnosis is that for every foreclosure within one mile of your home the value of your house goes down 1.4%.
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You can read the bill: http://www.speaker.gov/legislation?id=0235 Gives first-time homebuyers a refundable tax credit that works like an interest-free loan of up to $7,500 (to be paid back over 15 years) to spur home buying and stabilize the …
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Westsidebilly, Where would people in Manteca be commuting to?
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The city of San Francisco itself has a very high median (~800,000 from the census) and about 40% of housing units are owner occupied compared to about 50% in Seattle. It seems to me that public transportation has both helped and hurt in the bay …
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Poster child for flood insurance if you live by a river.
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It is at least as appropriate as a mass suicide at jonestown reference in you posting name
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Any money the credit union makes goes back to it's members in the form of lower rates. I have found it to be a better system. Instead of trying to sell me other crap, they answer my questions and are generally more conservative.
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If you can get a loan from a credit union, they work for you and they won't tell you your loan is not profitable for them.
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I think realistically, even at the peak, that house was worth ~ 350-400. I think a lot of people over payed for small houses on small lots because they had some desired feature like granite and they did not look too closely at the size of the lot…
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I drive from maple leaf to the ship canal by the ballard bridge. Most houses seem to be turning over, but one group of houses on 80th has been cracking me up. This house has a real estate sign up: http://www.redfin.com/WA/Seattle/729-N- ... ome…
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I read in the journal the other day that 40% of sales in Vegas and San Diego the last few months were foreclosures. The main number used as "foreclosure filings" in the press is the number of homowners 30 days behind on their mortgage. The % of t…
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I just can't understand why these landlords are so stubborn You have to remember that owning rental properties is often a part of a much bigger financial and tax portfolio. If you have room on your taxes this year for another $20,000 in rent…
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Since most of the bubbleheads are always negative, what do you expect people to think? Articles here are never positive (everything is not always bad!) and comments are generally even more bearish than the articles. I always laugh as commenters here…
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62% higher than almost nothing is still nothing. Double the current amount would be closer to normal.
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Seattle was the lowest in the country at 2.1% of mortgage holders 30 days or more past due according to the WSJ