Timber

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Timber
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  • EastSider wrote: Medina home Sold in Apr/1989 for $1.6m Currently listed for $1.49m (7% drop from 1989) -- fixer upper ZEstimate is $947k http://www.redfin.com/WA/Medina/7712-Ov ... ome/251319 $1,500 a square foot what kind of jok…
  • I think sellers are starting to hold their breathe and are waiting to see whats next. No one seems to be buying and sellers don't want to lower prices tens of thousands of dollars because maybe some miracle happens and the bailout fixes everything. …
  • WaMu finally is gone so now its time for everyone to find a new target. Seems like Wachovia has gotten a lot of press and will be the next to go.
  • WM still going down. They are below $2 for the day. The bailout has just been finished and the market is up big and yet WaMu is down over 20% for the day. May have something to do with the FDIC asking for $150 billion for future bank failures. …
  • rose-colored-coolaid wrote: So, for the ultra low price of $1 trillion we can keep banks afloat. That raises the question, "what would it cost to keep housing prices from falling?" Hyperinflation
  • "Federal regulators gauging other banks interests in purchasing Washington Mutual NEW YORK (AP) -- The U.S. government has been reaching out to large banks in an effort to organize a buyout of the beleaguered Washington Mutual Inc., according to …
  • WaMu is now junk bond status. "NEW YORK (Reuters) - Standard & Poor's on Monday cut its ratings on Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz) into junk territory, citing exposures the bank has to bad mortgage debt and …
  • Rent now buy later. Unless of course you don't mind the possibility of taking catastrophic losses in the event the whole housing market really goes down the toilet. The market isn't going to turn around anytime soon and when it does prices will not …
  • Alan wrote: Is this the bottom? http://www.redfin.com/WA/Renton/3905-NE ... ome/241442 3905 NE 6 St Renton, WA 98056 Sq. Ft.: 2,440 Price: $269,000 $/Sq. Ft.: $110 Pre-foreclosure! Open floor plan featuring 5bd/2ba, large living room, …