EconE
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What is the "pre-bubble" purchase year. If it was 4% from a previous peak (90-91) then potentially not as good of a deal as if it were 4% from 96-97 purchase price. There are homes in Los Angeles that are listed for double their purchase price i…
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Every analyst that takes AltA loans from 2005/06/07 happens to miss the amount of them which have either already gone back/refinanced already. And that amount would be...?
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First paragraph reads like a 419 email.
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Deejayoh... Yeah...I understand what you're saying...but regardless...it looks like a builder that already figured out that they couldn't get it to pencil out (safely) in a declining market even at the 1.25MM purchase price so they're dumping it …
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All I can say is WOW to this land flip. @5 acres in Factoria purchased 08/08/07 for $1,255,000 now for sale for the low low price of $4,500,000 http://www.redfin.com/WA/Bellevue/12627 ... ome/417208 No greed here :roll:
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I'll comment. In fact, I'll comment on a comment made by Ron Henson in the comment section of his article. "The drop in the economy is nothing new, it happens every few years in October during a presidential election. Everyone gets in a uproar…
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I think they are a little late. Ok...very late. Why would they interview a "very, very minor" owner anyways?
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Unit 527 in Canal Station 1 sold originally for 499 and was resold this month for 375k. Interesting thing is that the person who took the 125k bath on the unit is selling a unit at 2200 currently listed at a loss from original purchase price. Th…
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GREAT post Tim. It was fun taking a walk down memory lane reading those threads. My favorite part however was the comments. Especially where Tai adamantly stated that "Vuecrest" wouldn't be affected as there is a line of people trying to get in…
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WOW...even a 2007 rollback there! Good thing they aren't asking for 2008 prices. Oh....wait...the peak was 2007 wasn't it? So I guess these sellers should be commended for lowering their price to "peak-ish" prices rather than "peak+" prices? …
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Northern Mexico (California) cracks me up. You've got that all wrong. The correct term is Mexifornia
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East coaster... Of course it's the way RE works...but show me a Realtor on the listing side or the buying side for Hollywood A-listers in Malibu (Chad Rogers neck of the woods) or other high end areas of L.A. such as the Platinum Triangle (Beverl…
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Well... Obama does rhyme with Osama. That is sure fire proof that he has a penchant for flying planes into buildings. And that middle name...Hussein....My God! He must be harboring WMD's in the basement of his home in Chicago.
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This has been a fascinating thread to follow...and I'm not even a "political" person. However...If RCC was on the ticket...I'd vote for him/her. You state that you are young RCC...I guess it shows that age is not a prerequisite for wisdom. …
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Chad Rogers is "connected" It's the way the entertainment industry works.
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Condo shilling...um...I mean Condo Marketing....plain and simple.
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Jillayne... I can understand where you might have thought that it wouldn't happen so fast as Seattle is your major point of reference. If you look down in Los Angeles at areas such as East LA, Compton, Watts, Highland Park etc. (using Redfin of …
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I remember that house. It's been discussed here on the bubble before. Well...I remember that idiotic shuffleboard picture that the owner actually thinks is a selling point.
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daswooshvy wrote: Thanks for the responses. You guys are good at answering questions about whether or NOT to buy, but if I'm already planning to buy, no one has answered Renton OR Bothell?? Hmmmm.... Renton or Bothell? Paper or Plast…
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Jim N... regarding that condo... The owners of that were profiled on the local news about a year ago as people who successfully rode the housing boom wave to a "Million Dollar Condo". They also own property in AZ. ooops.
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another one of those "one post posters" should I buy a house thread. NO. Just like LHR said you should buy Herbalife instead. I prefer Amway. Now where's the guy with the overly polite broken English, a strong buy recommendation and a li…
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You read my mind LHR.
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OP spam alert.
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Certain segments of the market have literally YEARS of inventory at certain price points....especially condos over 800k (or over 400K if they are a 1BR). Years. Many Many Years.
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Sounds like somebody is either a future Scientology candidate or a former member of Synanon. :roll:
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Well stated Jillayne. I think that people were given enough rope to hang themselves quite easily by the nature of many of the loans. It seems as if they are just trying to "loosen" the noose just enough so that the homeowner can barely breathe a…
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SPAM. set up by #1 for #4 to answer. too obvious.
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The builders (that actually are building out the lots) are sinking the existing TH owners underwater. I had a friend that paid 359k in '05 for one of those north of 85th Townhomes. 2BR+office 1.5 bath. For the same price now you can get 3BR 2.…