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Walmart has significantly improved their health insurance program in the past 2 years since the issue was raised. Currently they are up to the industry avg of benefits and pay for each set position...so that argument is now invalid. At least thats…
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Its ironic that even though many of you dont shop at Walmart you still benefit from the companies policies. If Walmart lowers the price on an item then their competitors tend to lower their price about the same time, thus you enjoy the benefits of …
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DJO - Yes you are right about the Rent to Own Ratios, however the one that surprised me was that Seattle had a "% of Income Ratio" of only 29.3% of your income. Thats lower than the typical less than 1/3 of your income general statment that we hear…
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Yes I did realize it was sarcams DJO. Its just lately that I have been workng with morons that say things that appear to be sarcam but they were totally serious. As in they had to hire two people to take over my job where Im leaving and one guy do…
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DJO - Hope your being sarcastic, thats exactly 100% what I would have predicted would happen! Is it worse to have the dollar slightly weaken or the credit markets to sieze up totally...sometimes there are nessisary evils in what you do to stabili…
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Nude - You are correct that Hedge Funds cant borrow money from the discount window at the FED, however Hedge Funds can borrow money from Banks that borrow money from the discount window. Thus we can deduct that since the Cost of Capital for Banks b…
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This article is totally true...relative to the entire Real Estate industry Seattle is one of the stronger markets. Instead of declining 10% like the rest of the nation we might only decline by 5%, thus we are one of the stronger markets, lol. I …
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Koolaid - The article says that 1,100 people work in the Seattle area and not sure how that will impact these workers (as in not everyone will lose their jobs). A total of 2,600 company wide out of 20,000 employees...and mentions triming the fat, s…
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Nude - Yes it is true that afforability and people streched themselves thin. However the economic stability has a large impact on housing, as it is the foundation of the house of cards. Take Detroit for example, lets suppose that the US Auto ind…
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deejayoh - Yes I do remember you posting this graph, but what makes you think the unemployment rate is going to instantly skyrocket??? If you look on your graph you will see the last declining (or very low) unemployment rate lasted twice as long as…
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LHR - Of course you are correct, however if more people are moving to the area and jobs are being created it reduces the number of people with mortgages that are having a hard time paying due to job losses...one of the most common reasons for forclo…
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Jazen - Chicago isnt a state, yet Illinois has had jobs leaving since it is in the auto manufacturing region...might be a big reason. explorer - That was a good one, lol At least more people are moving to WA (the Seattle region) than moving aw…
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The Fed Funds rate is the rate (currently 5.25%) that the Fed charges banks to borrow from it and other banks charge eachother approx that rate as well. It is directly linked to the Prime rate (currently 8.25%) which is a main source in how mortgag…
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Alan - The DMV is who you pay taxes to when you get your car tabs every year. They charge vehicles over a certain weight higher taxes.
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Alan - In theory your idea would work, however having a new govt program would cost 10X more than any additional revenue received or benefit attained. How would you track gas consumption (create a black market)? How would this impact businesses …
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Nude - You are correct that a house is prefered over a condo, yet banks also charge slightly higher interest rates for condo buildings over 4 stories (considered high rise buildings). This makes homes marginally more affordable as they are a lower …
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Lake Hills Renter, I love the mountains and grew up in the small town of Pullman and get out in the wilderness as much as possible. However, allowing the city to become very dense creates the ability to reduce urban sprall and preserve the outlini…
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One of the main reasons the RE Mkt took off in 1997 was due to the new favorable tax treatments for Real Estate (tax interest deductions and the like). This caused the market to instantly adjust and allow any normal market price gain to be magnifie…
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Going to Manhattan was incredible and touring the NYSE, NASDAQ, and the FEDERAL RESERVE is amazing (recommend it to anyone)! I even got a picture with the famous Jim Cramer near the NYSE!!! [He wasnt in the picture type of mode, but made it quick, …
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The summer months tend to be the weakest in regards to stock market performance. As the saying goes "Sell in May, go away" means that you buy back stocks in the fall around Sept/Oct. The one thing still holding up the stock market is that the Ec…
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Not a bad idea, if I was in the process of moving anyways and had my stuff in storage then living somewhere very cheaply would be nice (as I look for another place to rent). It is a 4 br house, thus $900/mo is probably half price from what it would…
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rose-colored-coolaid - I think you sumed up the real estate situation nicely. If I receive a 1% real rate of return (or 1% ROA) after expenses and inflation on my property then with putting 20% down = 1% X 5 times = 5% ROE. If you put 10% down = …
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B - Lets just say that Real Estate prices typically increase by 4% per year. If you put 20% down your Leverage Ratio is 5X, which equals a 20% return per year (using the banks money). If you only put down 10%, then you have a 10X or 40% return per…
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Yes, of course Alt-A is going to be impacted, its going to be more like a slow bleed rather than a gushing wound like Subprime. Lets say that people with subprime loans are impacted by 25%, then people with Alt-A loans are impacted by 10% & P…
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DJ & TJ - Yes I do fully understand how CDO tranches work, I was just trying to simpilfy the explaination as to often times why AAA bonds increase in price at the same time that riskier bonds decrease in price...however I should have known bette…
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sniglet - Having AAA Rated debt prices rise (interest rates decline) is a typical result when lower rated debt (junk bonds, subprime loans) gets sold off (prices decline & interest rates rise). People have to put that money they just recieved s…
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I have actually seen businesses as busy as ever (just look at Bell Square). Washington just moved up from #12 to #5 as The Best States for Business! With all the commercial construction & extremely low vacancy rates, I wouldnt be surprised to …
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Our building was constructed in 2001 and converted in 2006 (originally built as condos...but the economy wasnt so hot in Oct/Nov of 2001, so they rented them as apts). I am currently the Treasurer and will have over $300,000 in reserves by the en…
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From what I have read Jumbo loans are typically Prime loans, however they are usually for larger more expensive houses (along with other misc non-conforming issues)...thus the name. A year ago I chose to get an IO Mortgage because it carried a lo…