Alan
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As we all learned from Frank Herbert, the true test of ownership is the ability to destroy.
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I'm with you on that one, Markor. Let that which does not matter truly slide. http://www.youtube.com/watch?v=boj75h3urLU
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Hard: Buying a lot without the price going up while you are buying. Selling a lot without the price going down while you are selling. Not so hard: Buying a lot and driving the price up. Selling a lot and driving the price down.
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The problem is that many life situations are a "winner take all" situation. #1 gets everything. #2 gets nothing. Being #1 can be vitally important for long term success and happiness.
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Identifying the areas that are not going to drop is a difficult problem. The same can be said for stocks that don't drop as much in a market crash.
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I'm not really interested in a foreclosure so I don't keep track of website that offer them. I am sure someone else here can provide that. (I track the NTS numbers mostly as a way of gauging change in distressed sellers). http://www.metrokc.gov/r…
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I don't know the answer to that one. I do know that there are people who make it their full-time job to find 'deals' in real estate. You are competing against them and if you aren't doing it full time you will probably lose to them. Personally…
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Notice of Trustee Sales. That is the first public indicator that a property is being foreclosed. It is what the bank files to announce a public auction three months in advance. The numbers I post each month for foreclosures are actually NTS counts. …
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Don't bother. The good properties are sold before the auction. Watch the NTS filings, find a house you like, and approach the owner to purchase it. Keep in mind that you will have a lot of competition. At the auction, you need to pay cash and you…
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Fascintating. Once someone asked if you could have any house in the Puget Sound area for free which one would it be. Most people picked normal houses. I picked a $30M house. But what if you had a rich uncle who would buy a house and let you li…
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I check every few days -- new listings only (since yesterday on redfin) below $350k, no condos. I would like to buy a house and I want to know what is out there. So far there is nothing I have seen that I can afford that I would be happy in long ter…
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Why doesn't he include the sqft in his listing? I hate it when that is omitted and don't even look at the listing.
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It's been seven or eight years since I've been in Raleigh.
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I've lived in Raleigh and Austin. While I agree that Austin is a great place for young people, Raleigh is not. Raleigh is a great place for older married people. As far as young people go, I'm going to say Austin > Seattle > Raleigh. As …
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I'm going to make a guess that they saw a bunch of comments coming from a single IP address and were not sophisticated enough to realize that it might be many people from a single private network instead of a single person spamming their comments.
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Why do people renovate just before they sell after living in a pit for years, only to get back <100% of the cost of the renovation? Maybe because that is what their real estate agent recommends. Why do real estate agents recommend peopl…
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Too funny. Thanks for pointing that out, Tim.
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They could also sell it to someone else for $600k. That person could take out a 100% LTV. The sellers could then rebate $100k back to the buyers. The buyers would then walk away. They could also go to jail for fraud. But it is another alternat…
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Is this the bottom? http://www.redfin.com/WA/Seattle/12611- ... ome/190169 12611 16th Ave S Seattle, WA 98168 1630 sqft Asking $201,900 Sold 10/2007 for around $250k. That house does like it has sunk below ground. That has to be the bot…
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Keep some in cash to protect against deflation. Put some in gold to protect against inflation.
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Good eye, Tim. I liked it until they changed it to a more "action oriented" show.
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How about a lottery? You buy a ticket by accepting money from the government. Winners are killed.
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There is nothing special about the wafers being green. They had soylent red, blue, yellow and many others. There was something special about soylent green, but it had nothing to do with the color. Soylent sounds like an imitation form of soy prot…
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There is a very famous phrase at the end of that movie. Everyone here should do their part not to spoil it until Cougar has watched the movie.
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Haven't you heard that orthogonal designs are this year's granite? Orthogonal designs are for squares.
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Leave the picture with the house on the condition that it always remain with the new owners whenever the house is sold.
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"Bubble bloggers" believe that housing prices are too high. That is an orthogonal concept to how much value real estate agents provide. Well, maybe not completely orthogonal but no less than 75 degrees.
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If you can get a bargain from a bad negotiator then you can make money after doing a renovation, but you would make more money by not doing the renovation.
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Note that this has never happened at Seattle Bubble. Then how in the world do you get off calling yourself a "real estate enthusiast"? Ha! Some blogger you are. Get with the program, Tim. Bowdlerization is the hot new ticket.