jon
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That aerocivic looks awesome. What is sickening is the Google ad that came up on that web page: Trade in That Old Clunker Put your Cash for Clunkers rebate toward a new fuel efficient Mazda.
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Seems like the problem is not so much the bidding war but that appraisals will lag the market as prices revert to replacement cost, and so buyers without a lot of cash can't get in until prices stabilize.
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For some reason there are two listings for that $199K property. The other is $575K. http://www.redfin.com/WA/Seattle/3326-S ... s-29043009
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2005 Seattle Street of Dreams Winner of 16 of 20 awards Looks like the owner cleared out the gardens to add some RV parking or something. Nice of them to add back a single potted plant in the middle of the driveway. http://www.seattlestr…
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If you assume that he's paying a 0% down payment What does a 0% down have to do with it? If he parks his savings somewhere else, they would go down also when interest rates go up. Yes, if we make a bunch of absurd assumptions then you are…
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Absent increases in incomes, an interest rate increase will only drive down the price of homes as people will be able to afford less. If he doesn't plan on selling, that doesn't matter because his mortgage payments stay the same. And he can't…
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Buying a house presents one kind of risk, and not buying a house presents a different kind of risk. It is very risky if your cousin is thinking about selling in the near future, but if he is sure he wants to settle in, then the sale price is not rea…
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Even ignoring trying to predict the future of the housing market, there is the issue of how much you save if the house prices are stable. Do you calculations assume that both spouses will always be working? That is a risky assumption. If not, then r…
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That graph shows how big the banks were at the time of failure, but not the relative degree of failure. Some former WaMu owners are contending that it didn't actually fail, rather it was forced into receivership. It didn't seem to have cost the FDIC…
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I hit an old link in my browser of the Beaux Arts FSBO listing with three blurry pics http://www.zillow.com/homedetails/2705- ... 1568_zpid/ Sold for $1.6 MM. Congrats to seller and buyer, I suppose.
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The listing $/sq ft is going up because the inventory in lower priced areas has fallen while on the Eastside it continues to build.
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"Also, do you really need that many outlets / light switches in a kitchen? Yowzers." It combines the granite/stainless look and the dark/damp PNW look. But put me down for lots of outlets in the kitchen. They don't need to be white outlet covers …
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I think if you truly eliminated all the fat, we'd have official unemployment in excess of 30%. softwarengineer could trim that fat and get 0% overpopulation. :shock: I'm not a coffee drinker or scented candle sniffer, but there is more to …
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The execs getting the millions in bonuses are still just the hired help. They are hired and fired by the board, which is where the real money is. Those people can weather depressions just fine and are now looking for buying opportunities. The CFO of…
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The creepiest house I ever saw was a vary spacious one in Sammamish. There was a very nice master bath where it had a feature where there was a tv that you could watch while you were in the tub. I guess to prevent moisture damage to the tv, it was l…
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suddenly civilization is thrown back to the stone age and people have to "start over". There will be no electricity, no batteries, but thank God we have all these "how to" books on farming, building, teaching, etc Lead acid batteries are pret…
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I suspect the 1/3 figure has more to do with age than with income, and it is a preference for staying with the familiar that keeps them reading print. Beyond a certain age, a transition to online just isn't going to happen, but as people who have al…
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WSB, from your article: "The share of empty homes that are for sale rose to 2.9 percent, the most in data that goes back to 1956" "The vacancy rate was 3.5 percent in urban areas and 2.6 percent in suburbs, the report said." It won't take l…
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An wall mounted LCD TV has a much smaller footprint than an old console CRT TV. And that helps make room for the XBox and/or Wii and a place to put all the games and controllers. And even if you don't have a desktop computer anymore, you still have …
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We can agree to disagree on whether this is a temporary crisis that will revert back to more normal circumstances. If people are still bunking with roommates they find online in 2012 then we can assuredly wave Obama, Pelosi, and Reid good-bye and we…
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We probably won't have supply constraints for a decade. Only if we go back to 1800s-style of many people sleeping in the same bed. The US population goes up by 3 million per year, would would drop current inventory to below the usual level, a…
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This will put upward pressure on house prices, but the tail doesn't wag the dog--prices must fall before equilibrium is reached. We are a lot farther from equilibrium than falling house prices. Actually, house prices must rise from here to re…
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The markets didn't collapse because people bought financial assets from one another, but rather because they knew the government would always be there to print up enough money to make good on the debt. So they were willing to lend to people who had …
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Compared to the bright yellow of the interior walls, that railing is positively serene.
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I think one thing we can all agree on is that we do not need to spend tax dollars to build more houses right now. If they want to stimulate the local economy, they should focus on ways to keep the tax base low and friendly for businesses overall, no…
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June 3, 2008: Obama clinches the Democratic nomination.
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Great comments on that politico link. I especially like creating a position to oversee the fairness doctrine, to be called the Minister of Truth.
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So yeah, our oil prices are a hell of alot better than they were a year ago. But not better than when the war started and especially not for the last 6 years while the war has been going on. For all the comparison with historical values, ther…
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"Hey, sales are down 30%, we're losing money hand over fist, maybe we should hire some more people..." "No way, our FICA tax liability will increase 1% next year!" Sales will recover as they always do. Now people are hoarding cash, and when …