Alan
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but I don't vote in primaries because I don't want to be constrained to voting for that party in the general election Huh? I don't think that is the case.
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I am not following how homes can just come off the market without selling. Human psychology. I've read that it is much better to price your property slightly under market value instead of pricing it high and then dropping it. The high inti…
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There might be an explaination for rising sales in October. People with children want to move before August for the start of school. The survey of purchases I did in my old neighborhood had 3/4 owner-occupied purchases occuring in August. That…
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Siddah's ideas do hold a certain appeal for me, but they also sounds like conspiracy theories to me. Still, they echo in my head when I read posts like this: Off topic; of course the 3.9% is annualized, otherwise we would be a banana republic. I…
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The CA fires are going to drive construction material prices back up.
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Or maybe sales will really drop off. The last few months of residential sales are 2881, 2700, 2453, 2094, and 1541. Using linear interpolation (which I doubt is a valid model), October might have around 1200 pending sales. Last October there were…
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Last year, the drop from September to October was less than one percent. It had a similar drop this year. I think the YOY inventory percent change will stay the same at 40%. I have no idea about sales. Inventory is behaving the same. Are fewer pe…
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Phantoosh, Let us know how the negotiations work out. I always have room to learn in that space.
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The only thing I can think of is the builder is trying to stretch out the work to keep his best people on the payroll during a slow time. That would suggest the workmanship would actually be better than during a boom time. Interesting idea, j…
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Say what you will about the practice, but it got her free national publicity.
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I would not want a house built by someone who is trying to get out of building said house. If the builder feels like he is not making enough money then I expect corners will be cut. Maybe you could ask him for a cancellation fee. Say you are w…
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It is also available on a t-shirt. http://xkcd.com/store/ "Science: We finally figured out that you could separate fact from superstition by a completely radical method: observation. You can try things, measure them, and see how they work! Bit…
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You made a prediction of YOY changes based on a regression several months before that prediction. Do you know where that is and how well its accuracy is holding up? And in closing, I would like to add
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- the monthly payments (including taxes and maintenance as well as mortgage) must not be more than equivalent rent in the area I disagree with this. The difference between renting and owning should not be huge, but a small difference is okay.…
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Watch the months of sales. As long as it is above three months prices will go down. No one knows how quickly or for how long that will be.
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I have a conspiracy theory. We are in an economic cold war with China. The latest strategy by the US is to get the media to report on all of the product recalls from mistakes in Chinese manufacturing. At the same time, we are going to devalue our…
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Nah, he's only sleeping, see?
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I'm guessing that housing supply prices will rise and building company stocks will rise. Rents will likely skyrocket short term. How many people will leave the area and never return?
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I like the P/E approach. How much income will the land generate now? How much will it generate in the future? If you build housing on it, how much would it rent for? How much would that housing sell for (which ultimately is tied to rent). When will …
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What do you mean by "fair"?
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I used a buyers agent to buy my car. I paid $250 (to a non-profit organization) and bought a Honda Civic for around $1700 less than I was able to negotiate on my own. The buyers agent contacted the fleet sales of five local dealerships and got bindi…
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Markets with excess supply are precisely the place where you want a guide with expert local market knowledge. If an agent can guide you to a property that loses less (or gain more) than the rest of the area, then that could easily be worth a 3% comm…
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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 negotiation skill…
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His asking rent is about $500 for every $100K of the price of the home. I agree. That is too expensive. I'm renting a $350k condo for $1150. My previous rental was a $700k house for $1800.
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How about this one: http://seattle.craigslist.org/est/apa/452263604.html
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I watched Craigslist for two months before finding my 2/2 1200 sqft for $1150/month. http://seattle.craigslist.org/search/ap ... bedrooms=2
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"First they ignore you, then they laugh at you, then they fight you, then you win." -- M. Ghandi Keep them coming, dgeng265.
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Property taxes here are very low considering we have no state income tax. I bet the property tax rate doubles as housing prices fall.
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I think prices will drop as long as the months of supply (inventory / monthly sales) is above three. Be aware that this MOS can change rapidly though. From August to September the MOS for King County went from 4 to 7. It could flip back just as e…
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I think wealth is a desciption of the amount of utility one has. A person who allocations resources in a way that increases utility may be able take a portion of the increase in utility. That is what eBay does. My argument is that trading, or mor…