Ubersalad
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I was referring to pre-2006.
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No one care, put up pictures!
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sniglet wrote: I have a fairly forgiving attitude towards the management of WaMu, and other financial institutions that are seeing trouble from mortgage finance. These managers didn't have much of a choice during the boom: either you play along an…
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Wasn't he a graduate of WSU business school? How much can he possibly know?
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By the way, WAMU stepped way up in 2006 and begin offering very competitive construction and alt-a program. I remember beating any other lender at 80% LTV and no-doc by almost 1%. Their construction lending was also practically giving away money... …
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Positive cash flow...if someone can walk me through how to create one in today's overpriced real estate market. $400k house rent for $1200...how the hell can you create positive cash flow.
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attention whore...
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I am stating the fact from general guideline of an appraisal, and you bring up your own supposedly exception case. What do you want me to say? You win, you can have the last word. You need attention or something?
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West Bellevue, perception is a trap.
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Notabull wrote: Ubersalad wrote: Appraiser essentially can write whatever, it's the lender UW that decide whether or not the report is acceptable. Your house could have simply slid by. I *suppose* that multiple appraisers over the years…
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not in Bellevue, it's holding. and those Kirkland houses 5 blocks away from the lake still being price at 1.5 million.
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There had been rumor about closing wholesale office in Bellevue since late last year, which I heard was pretty true at that time. This news goes in line with what I heard, so I am not surprised.
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Appraiser essentially can write whatever, it's the lender UW that decide whether or not the report is acceptable. Your house could have simply slid by.
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appraisal cannot include basement in their report. so to use it as total sq/ft, it is misleading.
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It is still a lie, but it is also the "norm".
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when is this being played, I want to watch it...the good ol' american rednecks.
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But sad thing is everyone else is doing it...if I don't, my house just seem much smaller!
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Alan wrote: Including the basement when others don't makes it difficult to compare the house to other properties. Exactly!
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Nevertheless, it doesn't count. It's like listing the finish attic with carpet as sq/ft.
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It's a tri-level, therefore the basement doesn't count...which explains the difference. It is very common to see these houses listed with the basement as part of sq/ft now, which they aren't.
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he/she owns the house!
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Tim has been padding them!!!
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There isn't any local routes left in Bellevue...every road is filled with you out-of-owners!
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We all need reasons to make ourselves feel worthy... I say give her a break.
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With all these news about bailouts...I personally would try to hold on for as long as I can. Eastside is rough, but still holding on.
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In simple term...live, eat, drink and die. Rest is beyond you and I.
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EconE wrote: I'd like to see a map that had all the "kinky" mortgages in general. Were there "prime" option ARMs, I/O, Stated income etc? I'd also like to break it down by year to see what the % of these types of loans were used for 2004-2007 …
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sniglet wrote: Ubersalad wrote: 2002-2003 was probably the last year that the house was still affordable. No, I don't think they were even affordable then. Affordability has been out of whack since the early '90s at least. Just look at …
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2002-2003 was probably the last year that the house was still affordable. People that were buying and selling just kept trading up, or use crazy finance and then trade up or cashout through rapid gain in equity. A while back I had a discussion th…
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Waiting on the doom and gloom March NWMLS data... http://seattlebubble.com/blog/2008/03/1 ... ry-update/ 520 is pretty rough right now...whoever said DT Bellevue is untouchable...good luck.