synthetik
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- synthetik
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My advice: Keep renting. You can renegotiate your interest rate but NOT the purchase price of the house. Don't be stupid.
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Nice! Well, you're going to need 44% increases in your pay each year to pay for your depreciating asset (condo). Good luck with that. Sorry to be an ass, but I really think you should sell and buy back in during the dip. Remember, you can alw…
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I believe we're at or near a market top, that any further moves upward are the result of even more unsustainable mania and worldwide liquidity. Look at all the M&A activity - that's clearly a sign that the big whigs are trying to cash in one …
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Probably time to stop selling interest only mortgages finance....
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Rents will go down, it'll just take a while since we're 12 months behind the cycle. See post on San Diego. I don't see a flood of people moving to Seattle anytime soon. Moving out - sure. When places become unaffordable, people leave. San Die…
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Whaddaya talking about? What about all the wall street experts in 1999-March 2000? Experts are always to be believed!
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According to my favorite blogger http://market-ticker.denninger.net/ Is this your favorite blogger? he's fast becoming mine too!
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With the 10 year over 5%, now hitting 5.1% -- any hopes you might have had for a recovery are firmly dashed. http://biz.yahoo.com/ap/070607/wall_street.html?.v=33 Thanks for playing though...
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Excellent site, nice work!
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but I didn't want to put my life on hold. How are you putting your life on hold? It seems like we've been collectively sold this fake "American Dream" BS, which now evidently includes being in debt to a bank for your houses, cars, plasmas …
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Pass the popcorn!
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Seriously, who reads Forbes anymore anyway?
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Yeah, and those are MOM figures DURING spring selling season. Thank God we are getting some negative MOM numbers because they rarely publish YOY's which are absolutely horrifiying.
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That's the one... ...but... Suzanne researched this! God I love this...
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Glass for making meth pipes.
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I'm thinking of moving to Bremerton - I want to open a tattoo parlor... no way dudes, I'm talking METH lab all the way!
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Nope, we're way ahead of the rest of the country. We had our "crash" back in 2001, so we aren't do for another one until about 2012. Should be plenty of time for more double digit appreciation.
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Bullish real estate economist to step down omg, the media actually has it right. This guy is definately going to be "skewered" - and not just by bloggers. amazing!
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oh, that's just some remote suburb of seattle. That will never happen in Seattle, because we're _________. Btw, the blog idea is great.
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it's probably the only job he could get. What other industry wants a black stain on it? Hell, the NAR probably paid them to take him off their hands...
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I guess they didn't get the memo.....
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As I've said in some other threads, I am not expecting the Eastside real-estate market to crash until there is an all-out recession and the major Seattle employers (i.e. Microsoft and Boeing) start reporting declining earnings and revenues. H…
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Alan said don't think that is true. Companies could find the talent they want if they were willing to pay more. Even MS only pays in the 65th percentile of salaries for software developers (but they want the 90th percentile of talent). Google pays…
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Not high enough to support the outlandishly bloated home prices we have here. Wage growth hasn't even kept pace with inflation (real inflation), so how do you expect it to keep pace with the rediculous prices we've seen in this an other bubble ma…
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Rental rates only went up by about 3-4% in 2006 but the trend is up higher in 2007. Either way, this conversation is moot because rents will follow the trends of the other 100 markets and go down. Someone suggested that increasing rents signaled…
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Portland is nice, but if you want to live in a WORLD CLASS CITY, then you have to live in Seattle. We're special and we're world class.
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No, sorry, rents go down initially and later. Rents go down initially because, again, there is more SUPPLY, speculators attempting to rent out their condos and homes while they supposedly appreciate in value. This increases SUPPLY, thus lowering…
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I'm so glad you removed the "guru" after your name.
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Huh? Increase in average rent? Rents will go down when more inventory comes online, just what's happening in the rest of the country. That's been a major headline for the past week or so.
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Yeah, but you'd be living in Portland!