Scotsman
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The question you need to answer is this- why will interest rates go up? If they go up primarily because of inflation and the expectation that the economy will be heating up then house prices will rise with interest rates. However, if rates rise …
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Sell the condo at a loss, now, before things get worse. Continue to rent in Ca. and wait for the second leg down in housing prices. This is far from over. Don't have the cash to cover the condo loss? What are you doing thinking of buying again…
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A fun exercise, but very dangerous in terms of yielding usable investment data. Any group of variables, divided by an increasing divisor will show a downward trend. But what have you shown in terms of relationships or causality? How many variable…
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Voodoo. Their 6.2% up is as good as my 8.7% down. If you can tell me what the government is going to do I'll give you a decent guess at the future. But I'm not convinced even the government knows what they'll be doing, and even if they have a pla…
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Kickbacks? Weekend Spiffs? Desperation? I have noticed a number of ads for agents and mortgage people. What I can't figure out is whether things are good in some areas, too many have quit, or they believe 12 X 0 is greater than 8 X 0, so more …
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What sucks even more than paying $2200 a month in rent is paying $2200 a month in interest plus taxes on an asset (property) that is falling $2200 a month in value. Now that's a party! When I was in banking the rule was to lend a doctor whateve…
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Are you serious about leaving the country in three years? If so, you need to do something now, as there will not be any recovery in prices within that time frame. The bank won't talk to you about anything if your payments are current. It's time…
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"OK, honey- what about this- if you'll agree we should hold off on the house purchase we can take some of the savings and go get you a Lexus just like Jills?" He shoots- he scores!
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Stolen from another site: Comparing the current market action to that of the 1929 Dow Crash, some interesting correlations may be playing out. The '29 to '32 collapse could be seen as an A-B-C. A(381-200) B(200-295) C(295-41). If you flip that…
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David, what the h@ll have you been drinking? I've never seen an analysis that managed to miss all of reality so succinctly. Saving is the entire basis of a healthy, functioning economy, the buffer between earnings and investment opportunity, the…
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Yup, I miss Eleua, and wish he'd come around more often. But at this point a lot of folks know how the story ends, they're just waiting for the inevitable to conclude so everybody can get on to the next phase.
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I'm thinking we rally in the next month or so on media hype and false hopes, then are back in decline by summer. All the international news is at least as bad as our national economy, and there really isn't any sense that things are turning around.…
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If I remember correctly, when you don't count the run-up over the last 20 years, the annualized return is closer to 1.7%. Maybe we're just working our way back to the long term trend line?
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Cramer smokes crack. There's a website that compares Cramer's stock picks with the random picks of a monkey, and the monkey has a better return over something like two years. I'm serious. I'll try to find it. His books are interesting, but w…
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Only a Britney Spears come-back album can save us now, breaking the grip of the moment on the masses, freeing them to seek new truths and realities. Or a short Pamela Anderson video.
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The saga of my favorite flip has come to an end. This is the home on 188th. The house sold, through a Realtor, for $380,000. Seller paid $300,000 for it in '06, completely redid the house inside and out, built a new free-standing 2 car garage, et…
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Better late than never. To her credit, Ardell has figured out that lots of changes are happening in the industry, everything from falling prices to new ways to list and sell homes, as well as how the agent will relate to both buyers and sellers in …
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I think a lot depends on what you can rent the one next door for.
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As the inequity of the bailouts grows, more will complain. And eventually, people will realize that the .gov doesn't have the money to bail out everyone, so it will stop. Afterall, if there isn't enough to give something to everyone, then nothing …
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Chris- i hope you didn't buy a lot of Bear Sterns Friday, 'cause it's gone now. Here's the real kicker guys- now EVERYBODY knows how much the CDO, etc. garbage is worth if it's on your books, and leveraged even a bit. The leverage, times the def…
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TJ- you paying attention? BS sold @$2.00/share max. World (Asian) markets tumble. Sh!t hits fan big time Monday, 3-17-08. BS provides the trigger, the beginning of the end. Oh boy....
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Mariegold- in addition to the $10,000 you have now to put down, make sure you can save an additional $100,000 over the next few years. You'll need it to buy your way out should you want to move after 4 or 5 years.
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"My chain smoking dog is small......." Thanks, I needed that after a stressful day, LOL!
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A loan, is a loan, is a loan. What banks need is capital. Real money that doesn't need to be paid back, and doesn't carry an interest cost with it. The current $200B "save" is a farce that will soon fade. It's a good opportunity for the insiders…
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http://www.tickerforum.org/cgi-ticker/a ... 719&page=1
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Yeah, i saw this, it's interesting. One has to respect Buffet for all that he's done, but I wonder if he's grabbed the tiger by the tail here, and doesn't realize it yet. He's clearly counting on the munis have a low default rate, and on being a…
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Wait. Seattle real estate prices, and the national economy as a whole, have just entered the first phase of what will be a several year downturn. Sure houses are still selling- not everyone is as informed and rational as you. But that doesn't mea…
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Price reduced again, $400K FSBO. http://seattle.craigslist.org/est/rfs/534694957.html
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I really don't understand how someone can decide that $50,000/year (PITI, after 20% or $150,000 down), to live in either of the two above examples is a good deal. Think about it- for $30,000/year LESS you could rent the same property, leave your $1…
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Both Dems and Repubs have been playing the same game- I don't think it serves much purpose to try and blame one or the other. Only a severe recession/depression will force a change of direction in the federal gov now. You've got to take away their…