Scotsman
About
- Username
- Scotsman
- Joined
- Visits
- 0
- Last Active
- Roles
- Members
Comments
-
Started at $328, then $300, then $285, now $275. http://www.johnlscott.com/propertydetai ... D=30827702 This is in the little town of Preston, which was pretty hot for some time- but not now. $250? Bought 2/06 for $257. Looks like he's go…
-
Can $350,000 be that far off? December 2008?
-
Looks like the first buyer just got out alive after transaction costs. The current owner is going to get hammered. Don't forget it costs about 9-10% of the sales price to unload your property. There's the 6-7% for the Realtor, 1-2% for excise t…
-
All cash here. It's a question of how much more could stocks earn in the coming year than just CD level interest if left in stocks. I think the additional upside potential is insignificant relative to the risk of losing many years of gains in a si…
-
You're probably right that we can't judge capitalism's moral and economic effectiveness because we've never really seen it in action. It's too bad that as we minimize some of it's past shortcomings, (for example the digital age and WWW have helped…
-
What I find sad, and yet fascinating, is how many people can argue that there is no bubble, there is no currency crisis, no debt, crisis, etc. and all the while, unknown to 99.9% of the population, the biggest melt-down financial markets have seen …
-
Oh Yeah!! That's how you make money in real estate- by recognizing that the parcel down the street isn't just an old house on a decent lot. No way! YOU have the wisdom to see that it's a future $9,000,000 estate (using the old rule of thumb where…
-
Yup. Now reduced to $1550/month. I'm starting to feel sorry for this guy. http://seattle.craigslist.org/est/apa/508110441.html
-
I know very little, if anything, about the different areas in Ca., but guessed from the price quoted- $300,00- that they might not be talking about Beverly Hills. What did catch my eye though was the mere fact that here was somebody acknowledging …
-
First tried to rent it for $2,000/mo. Now down to $1795/mo. Worth $1500/mo? http://seattle.craigslist.org/est/apa/488156726.html
-
I looked at it when it first came up for sale- it wasn't much more than a cabin at the end of a mud road. They guy has put a lot of effort, and I assume money, into this project. Unfortunately, it was poorly planned from the beginning. The front …
-
Guess they couldn't rent it- now on Craigslist for $429k! But, but, they made this "flipping" look so easy on HGTV!! (Originally $650,000) http://seattle.craigslist.org/est/rfs/488163543.html
-
I'm not exactly sure how this works, but in todays market that isn't a price drop or reduction, it's an opportunity for "instant equity!" And as we all know, "instant equity" is how you get rich in real estate. (sarcasm off.)
-
Let me help. $5,000/mo. moves you in, covers: p+i, taxes, lost income on the down, and 1% for maintenance. To spend that responsibly, i.e. housing costs equal to 1/3 of gross income, you'll need a household income of $180,000/yr. Can't do that? …
-
Wow- there's a lot of reality in that link if one is willing to open their eyes just a wee bit! Unfortunately, it mostly shows that many are completely oblivious to what is happening around them. While Mish has had it nailed for some time, it seem…
-
Having spent some time in the "work-out" department of a large commercial bank, I have to agree that the factors mentioned will act to speed foreclosures. While foreclosures are expensive for banks under more normal circumstances, at this time I t…
-
What blows me away is that for the same $600K+ that you'ld spend to buy either of the last two boxes you could get several acres close to town with a nice 3-4,000 square foot home- in Spokane. Hey, the sun shows up once in a while too! Skiing, boa…
-
"the only thing not abbreviated is the price." Keep checking back.....
-
"formidable white trimmings" WTH? :roll: Is it safe?
-
This is too funny- if you can't sell it for $450K, raise the price to $520K. Still not selling? Rent it for $2,000/month! http://seattle.craigslist.org/est/apa/476596029.html
-
Still for rent? Maybe it's overpriced? I moved in August '07, found acreage with 2700 square feet and a separate 500 foot studio space, all in decent shape for $1700, right at half what it would cost to buy. From what I've seen, $1400 would be …
-
This will be interesting. New house on the market, very high-end, brand new, $225 a square foot. http://www.johnlscott.com/propertydetai ... D=31105711 Meanwhile, my favorite has raised his price back up from $450 to $520!!! I looked in the …
-
The scary part is that up through last winter similar homes were selling for the higher asking prices. It really started to die out here in the Spring, with very few sales closing, and only then on a couple of properties that were relatively except…
-
They may also want out because they seek to build a smaller, simpler, or lower grade structure with the hope of still having a marketable product as prices fall.