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Robroy wrote: I love riding my bike through Capitol Hill 'cause the circus is always in town! Hi Robroy, What do you mean by that comment? Just curious, B
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Ye Gods Reason #999,995 that I won't be using an agent for my next transaction. What incredible arrogance, bad grammar, and general dipshittery. The feeling of impending irrelevance is palpable with these people.
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The big question to ask is, WHO benefits from this racket? It's a rhetorical question, no need to make the shameful answer explicit.
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Alan wrote: But you have to compare apples to apples. The properties have to be comparable and the prices have to include the same fees. Pricing 5% above a recent sale that includes closing costs and then expecting to tack closing costs on top of …
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I'm astonished by these so-called experts - particularly the lack of faith in markets to discover fair pricing. If a price is dropped, and the market is indeed supporting higher prices (in Seattle, since unlike anywhere else in the country, we ha…
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This guy sounds pretty well informed. The jabs have already landed squarely on the nose of the real estate market. The economy is starting to land body blows and a couple solid hooks. The fed's rate cut band-aid is not going to fix these wounds. …
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Alan wrote: I disagree with B. Certainly, much of the value a RE agent provides does come from the information asymmetry that full access to MLS services provides. But their is real value in knowing details of a specific market, having good neg…
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Disintermediation. http://en.wikipedia.org/wiki/Disintermediation It's a beautiful thing. I bet quite a few 'full service' travel agents pre-2000 thought it was a nice biz to be in, profiting from what is basically information asymmetry. Un…
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Don't forget the exclusive FlipperWatch(TM) feature....
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Perhaps the wiki/forum community-driven data collection would work. There are a lot of people out there doing a lot of driving/biking. I'm sure any new action would be noticed and posted within days. Wish I had more personal project time for idea…
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Just saw that. Pretty funny
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mike2 wrote: Back on topic: Unlike last year, it is now difficult to refinance and roll your 5-year auto loan into a 30 year mortgage or HELOC courtesy of "instant equity". Pre-credit crunch this guy would have not only rolled in the SUV but prob…
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Seriously, these jackass realtors have done more to turn me off from using a REAL-TOR(R) (is that a character from an 80's cartoon series?) than anything Redfin could ever do. I pledge to totally avoid using a full-service realtor for a real esta…
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moosejaw wrote: would love to see a steady 3-6% increase in values in Seattle proper over the next 5-10 years. While we're writing letters to Santa, I personally would love to see 18-25% increase in share prices of the stocks and bonds I'm …
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Why buy on sale when you can buy on clearance?
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What great advice from a Real Estate Professional. I'm glad her professional code of conduct ensures that she will give unbiased, ethical advice to investors. I hear that the "smart money" rushes into assets that are slumping and forecast to c…
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http://maps.google.com/help/maps/mymaps/create.html Something like this with a little descriptive blurb / photo might be cool for tracking purposes (quick and dirty - doesn't require programming)
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Of course if you are not new to the area, and have a bit of common sense and enough spare time to educate yourself on a very important financial transaction, you should not hire a buyer's agent. Many people have far better luck with a lawyer (who is…
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With price expectations set by most recent 'comps', I'm looking forward to a virtuous cycle in price competition between F'ed builders, F'ed buyers, people who must sell due to relocation/personal situation, and of course, flippers. I'm also look…
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"Rent now, or be trapped underwater forever!"
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Not a market timer, but this mess is too obvious to dive into. I have been technically in the "market" for a starter home for the past 3 years. Occasionally looked at a couple places. Shopped for loans, things like that. I was looking at the 'sta…
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Uh, If that was NOT sarcastic, it means Priced Out Forever... You got it, explorer Sorry to hear about your experience with landlords. Yes, they know the rent increase isn't for real, which is why they are so eager to lock in 12 months a…
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Cramer's a tool. Believe it.
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Nice find Synthetic, thanks for checking the RCG echo-chamber. However, there seems to be a P-O-F counterpoint in the post. She mentions the 1990 bubble, where she was 'priced out' and waited 5 years before purchasing a house. Is she saying that …
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http://redfin.com/stingray/do/printable ... -id=777839 I've jogged past this one several times over the past several months. I recall that it was initially listed well above $1M, has been continuously on the market, and has had at least one, mayb…
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Consider the prices in 2002-2003 (I was ready to buy in 2002, but didn't due to family circumstances) as reasonable, for the sake of this example. Consider that long-term, real estate prices grow at a rate just slightly higher than that of inflat…
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I for one appreciated the sort of depraved take on acquisitive suburban misery Sure, those stereotypes are as worn out as NAR talking points, but they're always good for one more go-round. Especially since the "Suzanne" commercial is steeped in …
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As someone who will probably be looking to pick up a modest house in 2010, I say "bring on the inventory explosion". Maybe I can buy one of the RCG posters' "investments" at $0.75 on the dollar in 2010 Meanwhile, I'm about to sign a new apart…
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... an official SeattleBubble "anti-open-house" afternoon at a pub. Why spend the nicest weekends of the year getting dragged around to crap-hole after, er, "investment" by Suzanne, when you could be out having a cold one and making jokes about r…
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While Christopher Hitchens isn't exactly always the barometer of all things logical, he is a master of the English language, and when he wants to wield a hatchet, he is masterful. Even when he went off the deep end re: supporting military invasio…