explorer
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Summit Seeker's plan seems to have a major variable, that could be a fatal flaw, in the part about renting out the first condo. First, you have to assume someone is going to want to rent something like that for even $800 a month. If you can pass …
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HomeStreet avoided subprime lending and today is one of the leading home lenders in the Pacific Northwest. The bank originated $1 billion in home loans in the first four months of 2009. HomeStreet is the number one Fannie Mae mortgage lender headqua…
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BTW, reliance on regressive sales taxes also put a disproportionate burden on the poor to spend what they don't really have on those other necessities of life: clothing, health care items, and transportation.
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I strongly disagree that estate taxation is "double taxation." Especially when the estate tax threshold is so high, and there are also reasonable exemptions. So few, other than the very, very wealthy, are even subject to it. This taxes the UNEARNED …
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Besdies Singlet's points, you have to ultmately go to the Government regulators who allowed those CDO's and credit defalut swap's to operate outside of the regulations, and not to mark to market in the first place. They were fully aware of what was …
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I will qualify the tax credit comment by NOT including Tax credits for buying homes as a targeted area.
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So, Jon, why would a business use tax CUTS to create jobs when there is no DEMAND for what they produce to justify hiring in the first place. When they are struggling to survive, either in reality or in their own mind, what incentive do they have to…
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It really depends upon your situation. I will not give up my landline: Cheaper, better quality, reliable, and I can check for messages anytime and from anywhere. Not to mention that landlines are far superior to cell phones in emergencies. Cell line…
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...and when mortgages fall to close to the CURRENT rents (which will fall from the CURRENT rates), THEN, with CURRENT income, people will buy. That preserves mukoh's GET USED TO IT, about mortgage costs vs. rents, and makes it sustainable with cu…
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Is this comparison somewhat similar to measuring present value to future value? That's still from an investment, not a lifestyle view. I look at it much more simply (maybe too simplistic). 1. What are rents now for what you want/need AND can a…
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Don't step on the chalk outlines of the bodies in the living room and bedrooms, they are still not finished with the investigation yet. :shock:
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...Market regulation to promote stability would be a good and useful thing. I don't think we, as a society, know enough to do that. The financial system is incredibly complex and stability in complex systems is difficult. One might argue that the de…
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I never completely understood why new condo developments would have such high HOA dues in the first place. This is NEW construction, and any defects should be covered in the first year in this state, right? Maintainence should be minimal, insuran…
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Agree with Markor on this one. Remember that Insurance compainies and banks are exempt from anti-trust laws. Maybe it's time to repeal that early 20th century compromise. Maybe it's time to look at the usefulness of the Federal Reserve too. The f…
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Agreed that the house "value" may not be what it will actually sell for. Especially when you really have no previous history of the value to go on right now. We are in new territory in a lot of things. Past performance is not a guarantee of future r…
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You're right RCC. My bad. I wonder if Foreclosures will become like bankruptcies in Walk-Away cases in the same way. Do they not appear on credit reports? I wish I could remember the source, but I read something not long ago that some people i…
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That's correct Markor. So, this is not at all like most other cities have done it. Once you move in, rent increases are predictable, and dare I say FAIR. They are based upon the CPI for LA in the previous year. If the CPI is ever negative, rents…
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Well, Tim, if your aunt was thinking of renting from the any landlords who are members of the Rental Housing Association of PS, they usually don't rent to people who have a bankruptcy on their records for any reason. Even if it is only one of two or…
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Markor wrote: explorer wrote: The LA rent stabilization ordinance is NOT like a lottery. This is a pretty good overview: http://articles.latimes.com/2007/jan/14 ... e-tenant14 Thanks for the article. I don't see how it's much different th…
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Robroy: I won't get into a protracted ideological debate (but I sense more of an RAL-type hatefest will ensue), about the intent and meaning of the Constitution here. I will leave it to the Supreme Court, Consititutional Scholars, and what existed …
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I would like to see anyplace, outside of a section 8, that would be affordable in the HUD definition of no more than one-third gross pay, to someone making the minimum wage in Seattle. That would be about $430 a month (no utilities included). You wo…
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Well, I guess you two are fine with corporate and developer welfare, that gives tax breaks and zoning/code flexiblity to build high price/profit housing, and takes away the net number of affordable units in the process. Same result, different ben…
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Rentometer only gives a snapshot at a given point in time with rentals that are reported at that time. It should not be used as the only basis for information. Especially in Ballard, where rents in one section can vary wildly, but all on the high si…
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Based upon the $1 or so per sq. ft assumption, my rent was raised far above that mark. My triplex in Ballard was sold in May, and the new owners overpaid, so they raised my rent 45 percent. No doubt they counted on getting those ridiculous rents, s…
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I can't read all of the chart as posted, but the per capita income in Seattle was 36K and change in the most recent stats last I checked. I don't see how current rents are anywhere near following per capita income. The real paradigm shift I have …
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I dunno about those Seattle Metro stats. Those 2bd rents are from a year or two ago in Seattle. Tacoma could be skewing it low, although it seems they are catching up in the last year. Anecdote: I am seeing a lot more unsold condos and townhouses…
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mking: Sterling has been my main services bank for awhile too. Look up their annual report, and their 10K for their exposure to construction loans (some were in AZ!), and the huge "reserve" they took out of their dividends to cover just 10% if it. …
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They do not make them like that anymore-- Both the house and herself. Some things are more valuable than money. She was offered a penthouse condo with an outside garden, and turned it down. RIP Edith. I agree with one of the sound-offs that he…
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TJ_98370 wrote: explorer - Do food distributors ever withold product to increase demand / price? Not in a strict sense. They do favor one product/source over another for the right incentives, so they could play an indirect part in any sc…
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TJ_98370 wrote: . WestSideBilly - ...I also have the vision of speculators manipulating domestic food supply for profit. However, I think that would be a step too far. There would be a major reaction from the public and government should that ty…