davidlosh@davidlosh.com
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I always like to ask how people figure we lost the Viet Nam war. As a historical fact there is no winning a ground war with the Chinese. There are just too many people in the service of that country to be able to win a war. We left a no win situa…
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The recessions followed. We do have better oil prices. Viet Nam opened up a new world for the United States. The French took a shot, and now we seem to be there all over the place.
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War! The Great Depression was an extension of the War effort in Europe. We mobilized man power inside of the country rather than directing it at a foriegn enemy. Reagan out spent the Russians militarially. It was very deliberate. Man power …
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You own the properties. I would be very, very nice to the tenents and improve the properties as time and money allow. I'd keep rents flat even if other people are raising thiers. It depends on where the properties are. If they are prime rental lo…
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The bottom call was a publicity stunt orchestrated over a period of days. I happened to see the set up when Tim Kane of Legacy Escrow made the bold move of posting an excerpt from Christopher Warren's "how it is possible" memo. I wish you would …
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I suspect this is credit card expenditure data. How else would they be able to keep track? When economists say that consumer spending is X amount of the economy they must mean credit spending. We have established wages have stagnated in the pa…
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He's Tom Layson, and he came and got you. He made a good point and followed it up with considered response. radfun is a huge corporate enterprise. You are schilling for Prudential, Coldwell Banker, or RE Max, when you start selling radfun. Big…
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Where to begin? Many corporations lose money. It's a function of the corporate system. They are supposed to "lose" money. The big problem I see with banks is that they can be larger than just providing banking functions. We allowed "banks" to …
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OK, That was unkind. You are obviously trying to figure some stuff out and I appluad you for that. I can see you call yourself rose colored glasses because that's how you see the world. . As much as many people may hope that our federal governmen…
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causalities Wow! Then throw in Las vegas as another red herring and you have an argument? What is the point?
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I just read the first page of this post today for the first time. This must have been the begining of the "flying monkeys" reference. Yes, in hind sight the post by Debra was miscalculated. This week after meeting some of the people who frequent …
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OK, Warren Buffet produces what? All factories are built on Real Estate. Ranch Land, Farms, Water Rights, Mining, Cell Phone Towers, Retai shops, and Wholesale outlets, are all Real Estate. The stock market however is based, today, on paper pr…
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In terms of Real Estate blogs this one is best. Another real estate agent suggested I blog for business. That's what it's called. So I read blogs from the west coast for a while before posting a comment on Rain City Guide. Ardell tore me up one s…
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The bottom line is Real Estate is supposed to be the "safe" investment. When Real Estate is in trouble the rest of it is built on sand. OK, there is no "nationalizing" the banks in the United States. It can happen in socialist countries or milita…
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Another reply that has no meaning? Yes Real Estate is owned. All land, in this country at least, has been claimed. Water rights are a very big deal going back to the time of the cattle men and farmers. Water rights are recorded then held in a wid…
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Real Estate has water right provisions. My home contains a wet land for the purpose of free water, for my toilets, should I need it. A client of mine owns a stream in Canyon Park. His neighbor bottles water and owns a water purification patent. You'…
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Instead, banks are paying to get these homes off their books in Michigan. Yes this has always been true even in very good times for the Real Estate market. You used to be able to buy homes, apartment buildings, and commercial buildings for $1 now…
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You've got to be kidding. Number one the lenders are not writing down the value of properties they own outright. On the books the value of the asset is as they say. They bundle the properties into land trusts. Murphy Favre Housing Managers, Inc.…
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The difference is that banks need to generate profits. Everything is predicated on profit. Amazon or Google didn't make profits and the stock price was going up. It made sense that banks could offer a wide variety of lending products to generate …
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Sorry, but what has gone on is perfectly legal. Claiming legislation from 1933 had a bearing today in the technology age is a feel good response to what has become the main problem in banking. Banks, in particular, have to answer to stock hold…
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The idea that regulators were turning a blind eye or got confused is a real stretch. Stock Holders were only too happy to believe in the paper profits of Consumer Credit, Auto Financing, Equipment Leasing, and all the other Financing schemes. Eve…
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Let's take credit. Consumer credit is allowed to charge 29% interest plus fees, and late fees. Over in mortgages you have fist position and second position. One at a lower rate, one at a higher rate. Then there is equipment leasing, small business l…
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In the financial markets the unexpected was having the World Trade Center attacked and ulitamtely destroyed by a group on Muslim extremists. The financial markets trade paper. They have very little exposure to the world outside of the numbers. It…
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I started thinking today that the risk models worked perfectly. My contention five years ago was that lenders, investors, and banks went on a shopping spree. They were buying property more than lending on it. My over all theory is long and involv…
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The Great Depression was sandwiched between two world wars. The prevailing thinking is that WWII ended the Great Depression. It also seems that the end of WWI may have started the Depression in the first place. World War One was the end of the Mo…
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There are good Real Estate agents that most people never hear about. Ric Wall, The Ravencrofts, and the DeMartinis come immediately to mind. The DeMartinis are more main stream, but Laurie Jorgenson or Bob Melvey are hard working agents that are mor…
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The biggest difference between the stock market and a house is that stocks can go away. Companies can go away. We are seeing governments around the world propping up companies that should just pass away. General Motors is a great example. Even those…
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This is really snotty to say, but there was a trend for a while that put Bellevue, Redmond, and Kirkland properties at Seattle prices. There was and still is a massive run up in pricing in the Bellevue area that stretched to Issaquah and North Bend.…
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The problem is that loans were made on an over inflated value. I have a short sale I'm working on now where the borrower purchased a home by Alderwood against my advice. They paid $270K for a new construction stand alone condo. It has no value as an…
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web 2.0, transparency are now real estate terms. of course real estate agents and real estate companies want you to shop on line. of course real estate companies want you to do the "leg" work. the search for properties on-line is a real estate in…