mike2
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Taking a look at housing tracker, last year inventory jumped by about 920 (~9%) between April and May. This year is jumped by 1630 (~11%). When the starting inventory number is larger, you'd expect the seasonal gain to be a smaller % than last yea…
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I went over to a brewery I used to frequent in college. We'd buy gallons of beer for $10. 7 years later? $16. That's 7%/yr. Still tastes the same. Even Target brand mouthwash is up 25% in the past 2 years. But on the bright side I picked…
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Anyone know how the effect of out of state investors and lending statndards set by national and international banks affect the assertion that "all real estate is local"? One could argue that there isn't a good measure of out of state investment d…
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Impressive. Those 500 empty condos in ballard are enough to increase condo inventory in city by 40%. This could get exciting.
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biliruben, it seems like the agents are unwilling to admit that the old system was set up with the agents in mind first, the sellers second, and buyers are just to be served by the agents. This might have made sense at one point but it doesn't me…
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You have to check out the tirade going on over this at rain city. It's almost painful to watch Ardell and the other agents dance around the real issues with their "we're protecting the consumer by hiding harmful information" mantra.
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I've been reading PIMCO's (specifically Bill Gross) montly updates for the past 2 years and they called the bubble quite some time ago. Their publications provide some very detailed analysis and insight. However, ultimately they're business depe…
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Probably Corain or an another polymer based material.
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Ouch. Roasted by an internet baller. That smarts.
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JD@Preview wrote: As a matter of fact I was around as I have been since '82. As for reliable sources, I experienced it firsthand. It's been reliable enough for me to profit from. I personally have no interest in changing your mind because when it…
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When the economy goes down people lower their expectations... people on the bottom get priced out. Sounds like a great time to raise rents. Worked well in 2001 from what I remember. But you weren't around here then were you? That's a great the…
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Puget Sounder wrote: Would be interesting to see where the buyers of the fancy new condos there on Phinney Ridge are employed...are they braving the 520 mess or working downtown? I suspect the former. Some people are just willing to put up with it…
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JD@Preview wrote: Did you adjust the rent increase up to compensate for lower appreciation? If the demand for purchased housing decreases it will not only flatten the appreciation but the pressure on the rental market goes up. Not if builders…
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By historical standards, Meshugys house is worth about $170K. Sale History 04/15/1997: $169,950 No other sale data is available
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Meshugy, it's been a few days, have you had time to copy and paste an article, any article, that supports your claim that unemployment is unlikely to be at record lows 12 months before a recession?
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JD, it sounds like your success rate is more dependent on picking quality clients and 5 years of consistent market gains. Not sure that supports the premise that using a rent vs buy calculator for 2002-07 will yield results in any way similar to…
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I tend to think that a "sold out" building with 26% of units listed for resale is not a strong sign. Over at the cosmo blog, the author commented that the building appears to be "half occupied". 2200 westlake is also "sold out" with 25% of unit…
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JD@Preview wrote: Granted, that's a bit higher than the average appreciation but the *fact* remains that every one of my clients made money from day one. With a track record like that I'm sure you'd be willing to make a written guarantee with…
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Get the Parcel Number off Zillow then go to the King County Records site and look up the docs on file.
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twistjusty wrote: She probably took out a HELOC so she could have a downpayment for the property she's buying. Not unheard of for "longterm" owners to do that. You're right about that - what is unusual is that it happened while the property…
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Instrument Number: 20070412001163 Sequence #: 0 Date Received: 04/12/2007 11:49:32 AM Document Type: DEED OF TRUST She re-fi'd it while it was listed on the market? I thought that was a no-no. Apparently she's running low on cash. Probabl…
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Jazen wrote: When it's foreclosed the lender is trying to recoup as much money as possible, so it's not up to the person who was foreclosed on. You missed the point. This guy was $32K behind in payments by the time he lost the house. It w…
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Here's odd one. Bought in 8/2005 for 410K, now pending at $454K. That's under 11% appreciation in 22 months. Is that even possible in 98103, even if you trash the place? The only thing I can figure is that during the feeding frenzy of 2005 p…
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Here's a great investment. $340K for a section-8 rental that generates a whopping $1300/month in income. Just interest and taxes on this unit would be $1900/month. Remodeled 2 years ago, and it's already listed as a "fixer". Safe to say that y…
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Those #'s from D+S seem to indicate we're going to be swimming in inventory for the next few years. Interesting times. Can't say I'm totally surprised. The recent residential building boom is beyond anything I've seen happen at one time around he…
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According to the article, in 6 years the Seattle area has added 37000 jobs. That's less than the total number of units issued building permits in King county in 2006 alone. Hmmm...
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I'm starting to understand why Meshugy says the market is stable. Either he's wrap-around insanely sarcastic to the point of being the embodiment of everything he doesn't believe, or he lacks a basic understanding of economics. Since he spends…
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"Medians are not prices" "No, medians are prices" rinse, repeat.
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Not everything is typical before a recession though. Who knows, unemployment could drop further still. In 5/1979 unemployment was at a cyclic low of 5.6, 1 year later it was up to 7.5. Same happened in 1990 to 1991 5.2 > 6.9, and again in 12…
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I'm curious why the Realtor is showing you the offers on these homes. Are most people offering less than asking? That's the only explanation I can imagine for why only one of the homes in your list sold for significantly more than asking price, …