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Man, that is some hilarious sh*t. I wonder if they'll ever realize how desperate and crazed they make themselves out to be. It's like they don't understand a "market". Supply *and* demand create pricing. There seems to be some unspoken attitude t…
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Of course what I wrote above was tongue-in-cheek. I would never equate "success" with "renting from the bank"
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Seems like hardly any of the people who keep things running, e.g. teachers, firefighters, policemen, mail carriers, etc, could afford to live here! Guess they haven't figured out that the only path to success is to be a lawyer, marry a lawyer, st…
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So does the common practice of hiding closing costs in the final sales price get rolled into the statistics for "ever increasing" prices that are reported? I would assume they are factored out somehow, otherwise the stat would be total BS. It's a…
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U.S. Credit Perspectives - Still Renting
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JD, sorry for the combative tone in my earlier post. But a lot of the talking points regurgitated here are frustrating and not based on anything but blind assertions, and that gets frustrating. I wasn't able to keep up with the thread, but I want…
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I've had enough of slimeball realtors slamming anything that seems to counterpoint the "buy now or be priced out forever" mental virus that still seems to float around in some circles (indeed, things always seem to boil down to that old, tired, disp…
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Bring on the inventory, I say. It's going to be interesting watching these morons race against the clock to churn out these units.
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walking through Cap Hill, I'm a little shocked by all the condo conversions going on (still). The last couple years were pretty good times if you had an old building to unload - but what astounds me is that some people seem to have just heard abo…
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A realtor(R) acquaintance(R) of mine recently told me that builders, especially some of the smaller ones who are overly sensitive to one regional/coastal market, are getting pretty motivated about moving inventory lately *in the city*. As long as…
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Bloated prices are a product of one thing -- and it ain't soaring wages. Interest rates down, lax lending standards, and the mentality mentioned already in this thread create an environment where people have taken advantage of a unique economic s…
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As far as I've seen, people can lie and not pay PMI, if they get a second loan to help come up with the remaining 20%. I'm not sure if this is the norm, but I would be very nervous doing so.
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Those who have substantial means and intend to buy are still buying, and getting more for their buck. As corroborated by other data sources (and personal acquaintances of mine), nothing is moving at the low end, most especially condo sales are sl…
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I think what I'm supposed to be reading here is: Other regions, even coastal, are not immune. They are not Special. They do not have industry. People do not want to live there. Most certainly, SF is not special. Seattle is the most specialest …
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How long is this going to continue for? It's only fair to assume, "forever" Meshugy, how many properties should I run out and buy this weekend?
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If this statistic is accurate... the additional cost over the course of a year is.... Let's count. If it's gone up from $850 to $950, no small rent hike, that costs... an additional $1200 a year. Inflation is a bitch. That is a pretty good per…
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There's a problem with the logic that a lot of the used house saleschicks use, especially as I see it on RCG, Seattle Times/PI, and other booster sites. It's either explicitly or implicitly thrown out there that housing is a fabulous investment i…