Alan
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The auction is in two days. I wonder if he can get it delayed.
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It isn't in Tim's records, but the same thing happened last year. Inventory will take off again at the beginning of September.
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That house is going up for foreclosure auction on this Friday (June 20th). There is no way he will be able to close by then. I think he hopes to get it under contract so that he can stall the foreclosure. Also the owner is a mortgage broker who h…
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Is this the bottom? http://www.redfin.com/WA/Kirkland/12820 ... ome/279288 12820 95th Ave NE Kirkland, WA 98034 Asking: $340k Last Sold 5/2006 for $425k That is an $85k haircut. It could also be described as a 20% drop.
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Suppose you traded in one of your vehicles for a hybrid that averaged 50 mpg and replaced 90% of miles in one car with the hybrid. You could reduce the gasoline cost from approximately $190/month to $60/month. That $130/month applied to a five year …
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Greg, Is he living in the property or is it sitting vacant? I've wondered how the people in this market feel about holding costs. If it takes you three years to sell but you make a few hundred thousand dollars for the trouble then maybe the juice…
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I guess that explains the lack of a picture. They can't afford the electrons.
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How many inventions seem to have the same importance as something like automobiles but don't turn out to have the same effect? I think the "easy predictability" is an illusion caused by survivor bias.
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Is this the bottom? http://www.redfin.com/WA/Lynnwood/1023- ... me/2705416 1023 180th St SW Lynnwood, WA 98037 Asking $320,000 Sq. Ft.: 2,944 $/Sq. Ft.: $109
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Before I moved here, I met someone in Texas who moved here and moved back because everyone was so unfriendly (at least compared to Texas). I feel like most of the workers in the grocery and retail stores are in a bad mood. Although I don't interact …
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I agree. That is the starting price for the auction though. I bet realtors would ignore that sale when calculating comps.
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Surely the dues are $700/year.
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I turned of signatures because of that thing.
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How do I distinguish a deal from a lemon from a GEM? Try licking it.
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I don't think it is desperation. I think he understands market theory and is trying to apply it in a rational and methodical way. It is certainly much better than the "price and pray" technique. He is holding a traditional dutch auction. Things h…
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That is the right attitude to have as a seller: find the market price by slowly dropping the price.
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From http://www.redfin.com/WA/Bothell/1222-2 ... me/2751933 Listing Agent has over 6 yrs experience negotiating short sales and a high % of success. Mike Garrett Phone: 425-883-1800 x222 Windermere Real Estate/East
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Investment homes are often recourse mortages while primary residences are often non-recourse mortgages. If they have any other assets (read other investment properties) the earlier defaultees can go after the remaining assets.
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I was assuming you already own the land. Land prices will not be immune to price declines. You will have to decide for yourself if you think prices will continue to fall.
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This might be a great time to build a home. If there is less demand for labor and supplies due to the housing slump. I don't really know if that is the case.
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Soylent Green. GM food = positive upside with a chance of a catestrophic downside. We really want to be doing lots things that have a small downside and a chance of a huge upside. That implies there is no single easy solution.
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Maybe they are implying that there is really a hidden positive black swan somewhere in there if you know how to spot GEMS.
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"White Swan" kind of implies that there are lots of similar options.
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The "they aren't making any more hydrogren" was an oblique reference to that short story.
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People are always talking about how at least the sun will come up tomorrow, but what they don't realize is that solar trends can last for billions of years or more. Sure, we may be in a hot environment now, but better start saving those joules becau…
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I haven't seen any GEMS to post about in the past few weeks. Maybe that really was the bottom a few weeks ago.
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Weather: we'll see sunshine forever! Dude, I love you and all, but you either have a serious misunderstanding about the laws of thermodynamics or the meaning of the word 'forever'.