mike2
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Wow, $75K off and all I need to do is hook up with a cougar. Where do I sign up? On a side note, aren't Baby Boomers supposed to be picking up second and third homes left and right?
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Since pooling resources to buy is nothing new, it's unlikely to cause a boom unless the immigration rate goes up substantially. My guess is it's not the rate that has changed, but that it has become alot easier for these collectives to get financ…
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Justise wrote: Check out this one, it doesn't seem real almost. http://www.redfin.com/stingray/do/print ... -id=506481 Condo conversions often show up like that since the new parcel numbers haven't been assigned or show up properly in th…
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Thanks for the suggestion - I'm making some lists, but haven't compiled them yet.
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I agree there can be alot of other factors in foreclosure rate than just price appreciation - but price appreciation is the factor that determines whether recent buyers can borrow themselves out of a cash flow shortage. It IS mostly recent buyers…
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EastSider wrote: Wonder if today's strong results from Microsoft will have an impact on the local RE market. Yeah, all those guys worried about an emminent layoff are going to be psyched to buy now. Unless they were waiting for the stock…
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kpom wrote: If people have to put 20% down for a house, they will start saving again... I can't see this happening unless the US economy gets thrown into a deflationary recession. Current growth is so dependent on debt spending that a sudd…
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deejayoh wrote: um, confused here... How do you get a HELOC as a piggyback? That Home EQUITY Line of Credit should be kinda tough to get when you are financing with an 80/20 It's not hard at all, in fact it has been standard operating p…
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meshugy wrote: I wouldn't touch a heloc with a ten foot pole. What is your second loan if it's not a HELOC? Pretty much all piggyback loans issued in the last few years were HELOCS.
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I guess it depends on how you define stalemate - a 10% decerease in sales is certainly a slowdown. I'm not sure it's evidence of a stalemate though, since quite a few property types are still selling as quickly as last year. I'll consider it a st…
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Probably worth noting that in the markets that have seen 5%+ declines in median sales price, the inventory peaked then decreased slightly as the sales price dropped. Seattle is way behind on that curve. We haven't even reached the stalemate (y…
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As long as prices are increasing, the foreclosure rate isn't going to spike up. The majority of people having payment problems can refinance, take out equity and use that to pay the mortgage. It's not uncommon to see people in fast appreciating …
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The only time I bother looking at eastside prices is if I know the neighborhood - I only have a few friends over there so anything I've noticed in their particular neighborhoods isn't necessarily a representative sample. I havne't found any good s…
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AwaySooner wrote: I doubt any immigrants who just moved here has the credit/saving to buy $600k USD house, especially if they are from China. That's a valid consideration, but banks have been more willing lately to extend credit to non-citi…
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I did a drive-by on the Laurelhurst house. Looks nice, at least double the curb appeal of M's crap shack.
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And it's in Laurelhurst. Probably substandard and crawling with fratboys though. http://seattle.craigslist.org/see/apa/317392407.html
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Alan wrote: If prices are rising, doesn't that make it easier to turn a profit? Maybe the key word here is "investor" vs "speculator". I had to read that a few times before it made ANY sense.
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We'll see what happens once these new condo buildings get their COA's. Both Canal Station I and NoMa were supposed to be occupied by now. Both are empty. I'll bet the owners that plan on occupying the units themselves are going to be vacating som…
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I'd be freaking out too if I was 2 months away from needing to sell or re-fi and my house was listing for less than I paid.
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B wrote: Compare my out of pocket costs to say, having the furnace repairman stop by even once, on a ballard moldbox? Or having a leaky heating oil storage tank replaced/soil deconamination, Or removing asbestos siding. I can't believe peo…