mike2
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laxtosnoco wrote: http://www.redfin.com/stingray/do/printable-listing?listing-id=1181894 Sold a year ago for $470k Now listed for $350k 910 N 82nd St Seattle, WA 98103 The current owner is in foreclosure (surprise) and he also bough…
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ruisenor wrote: Here is a propety in Snoqualmie Ridge (Quadrant Home) listed well below (12%) its last sale price in June of 2006. I stopped by a new home development about a month ago and they had recently dropped their asking prices by 50K. …
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"Here's to you Mr. and Mrs. too much home buyer, because Ramen tastes so much better when eaten off a granite counter top" Damn, they didn't last long at all. By May 2007 they were already $15K behind on the mortgage. And this home is in the go…
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Like we're ever going to hear from that guy again.
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ayles wrote: Is someone smoking something in Ballard?? That Space Needle view must be from a ladder straddling the peek of roof with a telephoto lense. http://www.johnlscott.com/propertydetail.aspx?GroupID=56239407&ListingID=31060263&So…
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Where I'm at, townhomes are quite popular and there are thousands of them - some over 100 years old. It's not unusual to find newer ones built since 1990 that are over 3000 sq ft and selling at prices near $1M, at the peak, anyway. Before we mov…
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Which one of you will step up to this wise investment? According to the ad, it rents for a princely $825/month, and you can buy it for just $339,950. Look! Nearly 50% of your interest payment could be covered by the rent! This practically cash f…
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Markor wrote: That's a good point. Then again Microsoft's market shows no sign of slowing, and they're in something of an arms race against Google. The American Revolution would be a better analogy to the MS/Google conflict.
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Markor wrote: The room for 7,000 new employees isn't anecdotal. Nor is the fact that they have continuously increased staff in Puget Sound in the past. I think you're underestimating the effect the MS contractors have on the local demand fo…
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This isn't necessarily a flip but I think it provides an interesting reference point since it was built in 2000 and sold at a small loss in 2001 - at a point when the Puget Sound economy was reeling from the dot com collapse and unemployment was cli…
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Then there's this: new renters have gobbled up 360,000 rental units nationwide, including several thousand in our region. According to the Census Bureau there are 516,000 unsold new homes currently on the market. And of course, they're all em…
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While we have an oversupply of homes for sale currently, HERE it doesn't ever translate into an abundance of rentals, because the vacant homes are all being used as stables for the Pink Ponies. Unlike in other bubble markets where people start re…
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explorer wrote: Congrats, CreekFreak. You did not necessarily go against the general wisdom here, it seems to me. I am not assuming you took out one of the last remaining ARM's, you had a 20% down (or FHA), and you determined the payments, upkeep,…
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Just noticed this. The price has been cut again to $594,700. All that free advertising in the Times didn't seem to help. That's a total price drop of $135K, or 18.5%. http://www.redfin.com/stingray/do/print ... id=1261949
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I've been out of Seattle for a few months now, but can someone explain what the heck this is? http://www.redfin.com/stingray/do/print ... -id=883220 1133 N 84th St Seattle, WA 98103 Rather unremarkable 1700 sq ft home on a small lot in gre…
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This is the best visual explanation I've seen for why Seattle didn't boom as much as other markets. While other areas spent the early part of the decade building up equity, people here were still collecting unemployment (literally and figurativel…
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the 15 year average takes into account the current run up, so 1) it's overstated and 2) since it's an average, it doesn't necessarily apply to any one house in particular. Price to rent ratios are, over the course of a cycle very different betwee…
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I think what you're forgetting is other banks saw what was going on and invested in other areas or continued to use prudent standards while others decided to have a death match by choice. What will likely come from this is a revelation that both …
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deejayoh wrote: I'd lay money that it's pre-foreclosure. "as is, no warranty". they want a fast sale with a quick escrow. Out of curiousity, I checked and it appears to be bank owned. Previous owner that paid $560K last year lost a lawsu…
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There's got to be something wrong with this place. It looks fairly nice. Price: $479,950 602 NW 87th St Seattle, WA 98117 Sales History Date Price Appreciation 04/12/2007 $494,481 -9.9%/yr 01/31/2006 $560,000 105.1%/yr 05/17/2005 $33…
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Gee, one of my highschool friends lived in Cherry Boone's house. It was pretty funny. People actually referred to it as THE Cherry Boone house. Pretty prestigious, huh? http://en.wikipedia.org/wiki/Cherry_Boone
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RCC, somehow I think the "old testament" may be more appropriate for Seattle... http://en.wikipedia.org/wiki/Invisible_Pink_Unicorn
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Regardless of what happens, it doesn't seem possible for lenders to make across the board forgiveness. The writedowns would be huge and immediate making a huge # of financial institutions insolvent overnight. Secondly, and I think this is more i…
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I write with a team of real estate professionals on a local newpaper real estate blog. It is evident by some that hang out there and comment, they feel priced out of the real estate market. As I discovered how much home you can buy in West Indian…
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deejayoh wrote: and as incredible as it may seem, I'm reasonably certain they resold those lots last year - or at least tried to... caveat emptor Those lots were listed forever with big price cuts, but the only deed transfer I saw was a fo…
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If you would like to see exactly how it is done I'll give you a link in the king county records to someone that has been refinancing every 3-6 months for the past 3 years, and just bought a new $700K house this march that she's already refinanced on…
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Temporary increase in rental demand, but it's unlikely these people will qualify for another mortgage when the equity in their primary residence literally went up in smoke. Different natural disaster, but do you remember those 6 townhomes on Lake…
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you missed the point. CW's foreclosure list briefly showed a substantial excess inventory of REO's earlier today. I was able to access it on the REO site for a very short period of time however they were removed later in the day. What these hom…
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Given that these decisions are being made by people that were giving 100% LTV loans in Detroit up until a few months ago I'm not sure this means much going forward. From the included charts, some of the markets seeing substantial price declines thi…
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jillayne wrote: Mike 2 says: I don't think we're talking a generation gap. People of all age ranges nationwide are facing foreclosure, not just Gen X and Gen Y. ... But they'll go up in relation to financial distress. I'm with sniglet, I t…