deejayoh
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I don't personally believe we will face hyperinflation , for two reasons: 1) despite everything that has happened, the Dollar is actually in reasonably good shape compared to other international currencies/economies. The fear that drove it down …
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TJ_98370 wrote: DJO- . RV's are horrible with respect to maintaining resale value. I know this thru interested observation. If I wanted one, I personally would never buy a new one. Assuming that Mr. Gummersall (see link) knows what he is talking…
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TJ_98370 wrote: DJO – Apparently it is an RV with a king bed installed in it. . BEAVER MARQUIS (KING BED) - $380000 (TACOMA) . Well, then this has to be a joke. Someone is messing with this guy check out new cost on one of the afo…
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Wow. He seems to have taken on a real "live simply" ethos. But seriously, who put their name, phone number, and email in a CL ad? Isn't that the point of the anon reply feature? rolex RV Lexus What the hell is a "Beaver Marquis" bed?
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oooh - 25% off in Madison Park, in just 12 months!!! Sold for $1.35mm in 10/2007 Listed at $995k for 120 days (or for 54 days. Since it's listed twice...) zestimate is $1.242mm
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Another one on Queen Anne Sold for $1.8mm in 04/2007 Asking $1.7mm today, on the market 2 days zestimate is $1.75mm Edit: Sold For: $1,882,500 (02/20/2009) +5% off in ~18 months - great view Dropping values have definitely m…
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Here's a steep haircut on a really nice property on Queen Anne Sold for $1.23mm in 07/2007 Asking $1.11mm today, after being on the market 190 days zestimate is $1.138 +10% off in a year on a very centrally located property Edit: Sold For…
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I just like to yank your chain on that one One of these days I'm going to stop by your office and see if you really wear a tin foil hat :twisted:
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sniglet wrote: StackThatCheez wrote: You're talking about a complete collapse of the world economy and probably even civilization as we know it. I fail to see why an 80% or 90% drop in asset prices would constitute an "end to civilizati…
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mukoh wrote: DJ, I am not suggesting that apartments are, but land which previously was at $40 Sq Ft+ is now at $23 Sq Ft on fire sales through banking relationships. People who have those are banking that land for 5-10 year term. And this is up …
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mukoh wrote: anyone would be a fool not to buy when they are 60% off the peak. are you suggesting that apartment buildings in seattle are selling for 60% off peak?
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mukoh wrote: DJ, These are not builders that I was referring to, but holders of 10k+ rental units all along the coast. Me thinks for some reason they are able to gauge traffic/rent increases and demand throughout their properties owning that many …
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mukoh wrote: There is a pretty good shortage of good rentals, it hasn't slowed up at least from landlords perspectives in recent months. Will see what happens, there is however not a huge number of rentals being built either because of financing c…
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To add to Sniglet's comments 1) we are coming off of historically high ownership % - even in this region. Shortage of rental units is partially a reflection of supply imbalance between rentals and owned (or should I say "pwned"?) units. Think of …
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The Tim wrote: Seattle is such a "biotech hub!" Seattle Times: Merck will close 300-employee Seattle biotech site Merck said Wednesday it would close its Seattle research site by the end of next year as part of a global cost-cutting effort. …
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I think this one has been posted on the site before, but there was another price drop. Jul 12, 2006 $530,000 6.2%/yr Mar 15, 2007 $780,000 77.5%/yr On the market for $650,000 $130k haircut (17%) in 18 months. edit: Sold For: $6…
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rose-colored-coolaid wrote: I thought this article arguing that deflation is a bad thing was interesting. So, have you guys heard any suggestions that all economists believe deflation is bad? One of the most vibrant growth industries in the la…
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Sniglet had the call for $50 a bbl oil on this thread months ago Personally, I wouldn't call oil dropping back to a more demand-based price "deflation" at this point. Deflation = a reduction in the general level of prices sustained over severa…
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jon wrote: No thanks, I'm saving up my meds for Election Night. With the now nationalized banking industry, and soon health care industry, measures like the proposal from the Chairman of the House Energy and Commerce Committee, Rep. Rangel, to eli…
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I'm flattered anyone noticed! I think my model needs an * * may not be reliable in the event of major bank failures and general economic meltdown
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And as for the assertion that Fannie and Freddie went kaput because they had a portfolio full of bad loans, consider the following: As of April, Sanders said, the rate of serious delinquencies on loans held by Freddie Mac was 0.81 percent. Fanni…
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sniglet wrote: deejayoh wrote: how did they drive home prices up? Just ask yourself this: what would have happened to US house prices had the GSEs not existed in the first place? I think the answer is pretty simple: house prices woul…
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jon wrote: So given this, how did they drive home prices up? I don't understand your focus on prior to 2004. The composite CSI is now back to 2004 levels, which is when things started to get crazy at the FMs. At that time the private sec…
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By the way, how is it that the GSEs wound up with so much Alt-A and sub-prime paper (which was the chief cause of their balance sheet implosion) if they were strictly adhering to their own lending criterion? They were clearly buying mortgage securit…
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here are some historical stats I found http://www.villagevoice.com/content/printVersion/541234 Fannie had gone from $1.2 billion in subprime-mortgage and securities purchases in 2000 to $9.2 billion in 2001 and $15 billion in 2002. Freddie's nu…
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Two comments "CRA business" <> subprime. Fannie and Freddie were both restricted to "conforming" loans, and had less than 5% of their overall portfolio in ARMs, as recently as 2005. see pg 28 of this http://billcara.com/CS%20Mar%2012%20…
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sniglet wrote: The GSEs have been subsidizing mortgages, encouraging greater spending on homes. The government even encouraged the GSEs to lend to a greater number of people with poor credit in order to broaden the ranks of home-ownership. …
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tomtom wrote: See if you can spot the differences between the kitchens for the two listings above: a) b) Top one is from Home Depot. Bottom one from Lowes...
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It is a buyers market...If the people want to sell bad enough I am guessing they are getting precious few offers.... In my experience, that is far from a universal truth. I have been watching for a very specific type of house in a couple nei…
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Markor wrote: The Dow is now down to an average 4.4% annually since inception. (At 9127 now). Excludes dividends, but those are less common nowadays. CDs at 4+% are now way better than stocks historically. IIRC you have to pay a dividend to…