WetCoaster
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Just to let you know. I did talk to these people and they said that if the house is advertised for 18% more than we are paying, we could argue that "it was not a reasonable effort to mitigate tenants losses" Also she pointed out that the dates on th…
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Thanks for tip! I didn't know there was such a thing. I will call them tomorrow. What bothers us the most is the fact that he has posted it for 8.5% more than 10 months ago, with the idea that he is going to get money regardless. Only one pers…
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Thanks for the info. Our house was listed for 8.5% more than it was advertised less than a year ago, and so far the ony people who came to see have seen 15 houses in the area in the last few days. As we suspected, it is likely too high and there …
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Puget Sounder wrote: After I graduated from college 3 years ago, I lived in Green Lake. Commuted to Redmond over 520 every day during "normal" work hours. In the evening, 520 sure takes longer than 20-30 minutes. 45 minutes was a "good" day fro…
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small_far_ugly wrote: Question: At what point will my fellow bubble watchers give up and move to, say, Denver? When the really big earthquake finally comes and the entire western seaboard falls in the ocean making Denver oceanfront prope…
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Do any of these articles take into account RE speculators/investors? It seems to me that the ebbs and flows of the RE market are not driven by owners upsizing or downsizing; but rather by people buying for investment. Like the stock market, there…
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Rents will go down as the available supply of rentals increases. If the RE market goes into a down cycle, less houses are sold which increases the number of rentals as people look for ways to cover loans/costs for houses they bought for 'investme…
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Immigration in Canada is very different from the US. There are no quotas and the emphasis is on educated younger people, and people to fill skilled worker jobs in fields of high demand. In the late eighties, and nineties many educated people immi…
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There was an article on buying foreclosure properties in the Sunday Times about a month or two ago.
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Since selling my house in 2003 my wife and I have twice been the victim of specuvestors with failing finances. One is still paying our down payment and court costs back to us after 2 years. Fun stuff. We rent from a corporate place now. By…
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The first two were quite quick; but the third was much slower. First cycle: Prices increased 119% from 1979 to 1981 and declined back to pre-boom level by 1985 (although the largest part of the drop occured by 1982) Second cycle: Prices rose 6…
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I have heard many say the same thing. I have also heard many others say 'this is a special zone' and it will never drop. I'm sure there were many that thought the same of the tech stocks they bought in 2000/2001
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We are one of those families with 2.5 kids who relocated (apparently out of season) late last year. We didn't relocate from any of the aforementioned higher priced areas, and neither did any of the many people we know who relocated here (and all wor…