synthetik
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anyone who wouldn't touch a HELOC must not have too much faith in the future value of their home. Smart person they would be...
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Maybe I'm wrong about Vista, but I doubt it. I didn't read the report but maybe MS's profits are from overseas sales. I just don't see who is going to buy all of the massive oversupply of inventory during the recession... certainly not consumers…
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Don't forget: 1. The media is now running stories about housing on the decline here in PNW. Yes, they are spinning things like crazy, but they can't hide everything. Soon homeowners will be complaining "myah! damn media is killing my equity! my…
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Seattle is just behind the housing crash by about a year, that is nearly common knowledge by now. DOT Com Crash and 9/11 destroyed the economy here and it took people a bit longer to get in on the real estate ponzi scheme. We'll have our time, so…
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I doubt any immigrants who just moved here has the credit/saving to buy $600k USD house, especially if they are from China. I think you'll find that in a few years China will own more of this country than you could ever have imagined.
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From what I understand, we aren't bringing ENOUGH people over... Most company execs I've spoken with are desperate for good help, and they aren't finding it in the US. I'd say that due to the traffic situation, more people want to live closer to …
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he must be the guy that's buying up the NYSE right now...
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It's probably just pure speculation. I have a friend here who purchased a home at peak (late 2006), a 5 bedroom house in Ballard. He planned to rent out 4 of the 5 rooms to help cover the mortgage. He feels the home will go up in value (specu…
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let's hope wall street wakes up...
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The market will likely take care of itself regarding the mortgage mess. We're already seeing signs that Reators' days are numbered as well. http://www.redfin.com for example.. I'd rather see a mandatory high school class that would give kids a b…
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I really have no idea but I'm assuming there are a tremendous amount of people trying to cover short positions before expiration on April 21. I was really looking forward to this past week being a watershed event, but hopefully next week. The pa…
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Sorry, but buying a home right now at peak market is, well, stupid. The purchase price will never change, while interest rates are always fluid. You can refinance down the road when rates are low. You will NEVER be able to "repurchase" the hous…
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I see that Darwin is alive and well.
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This is true but I highly doubt it's going to take 10 years. When this unwinds, it'll probably happen quickly. Instead of doing something dumb like getting a home loan, invest in PM's, then convert them back into dollars after the crash and buy …
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Nice job!
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On a side note, RENTING has proven to be much more difficult than BUYING these last few years. In 2004 I was approved for an 80/20 no doc loan on a $500,000 condo in San Diego. Of course, thankfully I didn't do that insane deal. Two of the th…
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As they say over on HB, got popcorn? FYI, just got a GREAT new book "Crash Proof" by Peter D. Schiff. Explains this entire mess in a way that a laymen like myself can understand.
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Nice, although I suspect we're a way from the carnage that is evident in other Bubble areas. Although, with subprime all gone things are likely to escalate. You aren't seriously thinking of buying now are you? What took 10 years to build up w…
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Great link Catherine... too bad more people won't get to see it.
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Well Shug, I have to say at this point that you were wrong. Looks like plenty of us could afford to pay cash for a home. (although most of us probably wouldn't do that) We aren't just a bunch of cube-dwelling losers as you stated.
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That's great shug, but as The Tim and others have demonstrated on this blog time and time again, Employment rates and population gains have nothing to do with this current Real Estate Asset bubble - a direct result of the current credit/liquidity bu…
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Personally, I cannot think of a single reason for anyone to buy in this market. I don't even buy into the argument of "buy and hold" (at this time). Buying right now is probably the most speculative investment you could make other than possibly …
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Somebody purchases the debt at some price point, generally much less than they were orginally worth. A few days ago some hedge fund agreed to purchase all of FMT? (I think it was Fremont) loans and only got a 4% discount! Hello? Something is ver…
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Yep, he's pretty desperate. Posting links that are 14 months old n' such. Either way, we are feeding him like crazy. He must love the attention. Hummah!
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I think what's interesting about these blogs is that you get people from a wide range of social, political, age and ethnic backgrounds - all with one common purpose. In general, it would be nice if all aspects of life were like that. http://ww…
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if you understand that we've peaked recently, they why don't you sell? Shug, how about a wager? I'd wager $1,000 that your home will not be worth more than it is today by the end of the year. Whoever is wrong donates $1,000 to The Tim's blog.…
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The Seattle PI is always a good source for reliable, truthful information - what, with their own Real Estate blog and multimillion dollar Real Estate advertising campaigns.
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Does Job Growth = Home Buying Demand?
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It's been all up from there. How old are you? I suspect you're in your mid-late 20's. I think if you were to poll the most successful entrepreneurs in the US, virtually none of them would/could ever make a statement like that. I've learn…
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Fiscallly conservative = Republican Lots of people out there who believe in women's right to choose, legalization movement, gays marrying and stem cell research but believe the republicans will allow them to pay less in taxes.