redmondjp
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I just tried to go to the links in The Tim's post above and they seemed to have pulled that post off of their site--I wonder why? :?:
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Well, at least it's not in one of those faux-stucco buildings! I was talking to another Redmond resident a few nights ago who owns a condo in Redmond--right now, he can't go in for several months because the whole building is tented in while the …
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This is a bit OT, but I believe that these are offspring from the same Clise family that built what is now the Clise Mansion in Marymoor Park, originally built as a hunting lodge: http://www.seattlebride.com/clisehist.html It's impressive to m…
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I think you guys hit the nail on the head--there are many RE-related 'reality' shows on TV right now which pound this idea into people's minds that: a) You buy a POS fixer for $500K. b) You 'invest' $150K in new kitchen, master BR/bath addit…
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One thing that hasn't been mentioned explicitly yet are those long-time homeowners that have been using their house's rising equity as an ATM over the past several years. I know two people who have personally done this--one had to finally sell afte…
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And the tone of these articles (mostly coming from foreign news outlets) implies that somehow the US is responsible for the entire world's housing bubble. Sheesh! The global credit bubble created a global housing bubble which played out in most …
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Markor wrote: Agreed. But our gov't has run up debt during good times & bad, to the point where it is getting difficult to borrow more. I think from the standpoint of an investor thinking of buying US debt, the US is a bad risk and getting ris…
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And just north of MS where I live, prices/sales also appear to be at a standstill, although they are actively building 17 or 21 new homes just to the north of Grasslawn Park (on the other side of the Verizon central switching building from the park)…
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I'm with you on this one, RCC--anybody who buys a second home before selling their first home (and can't afford to hold both for some time, along with being unwilling to discount the first home in order to sell quickly) is an idiot. Whatever happ…
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As Dana Carvey said while playing Ross Perot on SNL: "World-class comedy"
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Ummmm, now where again does it say that one's house is the financial means by which one survives on after retirement? The way I remember it, the common wisdom was to have the existing house completely paid off well before one retires, such that o…
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That's a great thought, Sniglet, but how many of us really know the true financial health of any institution or business that we are putting our $ into, and how does Joe Consumer go about finding out the skinny? I'm sure that thousands of Enron e…
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I, too, grew up and lived for the first 30 years of my life (minus two years spent in MI/IN during college) in sunny eastern Washington (Richland, in the Tri-Cities). I moved to Redmond for work at Kenworth in January of 1995, and like you, rented …
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melonleftcoast wrote: . . . Also, be realistic. I don't expect to buy a (real) $1M property for $600K. . . . Why in the world not? I was watching My Home is Worth What? on HGTV a couple of nights ago, and was amazed at a young family that …
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Oh boy, here we go again! :roll: Tax reform is not going to fix anything. Period. In poor areas, there isn't enough money to go around for anything, be it schools or for road repair (see Flint, MI). From the gist of your post it appears tha…
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RCC, In my neighborhood (north of M$) I have seen immigrants (working in hi-tech) buy very expensive houses, but there is one difference from typical Americans--they have multiple extended family members living together so they are combining thei…
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Another desperate seller. Same thing as people who have a 'lottery' to buy their house (this was on 'Nightline' a few weeks back, somebody was doing this on the east coast). Who knows, this house could be in a place that nobody wants to live, or…
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Well heard their latest liar ad on KIRO this morning. Hayes has reworded his as to now say (as best as I can recall) "we are ONE of the only companies in the nation that can bring you these low rates . . ." Last week's ad said specifically as I …
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You may be right (I was listening to them talk about this on NPR this morning), BUT I still don't see how this doesn't amount to a bailout of mostly irresponsible buyers who bought more house(s) than they could afford. One thing brought up on NPR…
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LHR, You're 100% correct--local housing prices are so far out of whack from the median income that it's not even funny. I live 0.8mi from the Red West campus of MS, so I guess I am living in the Inner Circle, the Golden Triangle, Pink Pony Cen…
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Ummm, Boeing losing a $54B tanker order? (sorry, couldn't resist!)
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Wow! Yes, I listen to a variety of radio news during my morning and evening commute (KIRO 710am, KOMO 1000am, KPLU 88.5fm), and I have heard all of the ads mentioned above, and I have the exact same reaction to them. I believe that both KIRO and K…
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rose-colored-coolaid wrote: Markor wrote: Many tech companies can thrive in a downturn because well-executed IT improvements can save companies the money they need to survive the downturn. When companies look to cut costs, they often consider …
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Hey! That picture looks vaguely familiar . . . except that I seem to recall the house was going up in the other one, snatching invisible dollar signs out of thin air.
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WestSideBilly wrote: This has to be one of the weirder listings I've seen. Not even sure it's audacious. http://www.redfin.com/stingray/do/print ... id=1498493 Sold 3 times in the last 2 years, each time at a lower price, then listed for si…
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Hmmm, Hey Tim, how about (can't believe I'm actually suggesting this) a poll to see how many SB readers are concerned about being included in a layoff or are concerned about the stability/security of their job, in the next year. Just speaking …
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Wait - now hold the phone here. I live 0.8 miles from the Redmond West Campus of MS. I can walk there in less than 15 minutes. THAT is close to Microsoft. Now how exactly is Gig Harbor close to Microsoft? Do they have an office over there t…
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Yes, we're only in the bottom of the first inning in this game, so stay tuned, much more action to follow! This is going to take a long time to unwind. When you have politicians at all levels (city, state, national) proposing bailouts (which won…
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Oh, politicians (note: this is a non-partisan statement) make me sick! :x Seriously, 1.5M? That's enough to help bail out, what, maybe a half-dozen underwater homeowners on the Eastside? Nothing like political posturing to say "I care" with…
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Nothing to see here, move on please. I mean seriously, in any story on local real estate, have you ever seen the following in print: " . . . and our housing market will stay strong because we've got Boeing, Microsoft, Weyerhauser, and Macy's .…