http://slog.thestranger.com/slog/archives/2008/12/13/the_new_condo_market Comments On: The New Condo Market by Dominic Holden en-us Copyright 2009 The Stranger. All rights reserved. This RSS file is offered to individuals, The Stranger readers, and non-commercial organizations only. Any commercial websites wishing to use this RSS file, please contact The Stranger. webmaster@thestranger.com (The Stranger Webmaster) Mon, 23 Nov 2009 00:00:01 -0800 Mon, 23 Nov 2009 04:30:00 -0800 Foundation http://blogs.law.harvard.edu/tech/rss Posted by Cash for homes]]> Tue, 02 Jun 2009 04:44:26 -0700 The Stranger Posted by lite]]> Thu, 18 Dec 2008 13:13:28 -0800 The Stranger
The red and white Gabbanna girl was hot
Posted by Eddie James]]> Mon, 15 Dec 2008 22:52:52 -0800 The Stranger Posted by Greg]]> Mon, 15 Dec 2008 08:50:02 -0800 The Stranger
buying only makes sense when you're not going to move, mortgage payments aren't much higher than rent, and prices of homes appreciate in the location you live.

and in many cases the last two are mutually exclusive.

I could go on but i dont think there is any point in speaking to people that believe the past 8 years in seattle are the new standard of home ownership.
Posted by E Thomas St.]]> Sun, 14 Dec 2008 21:35:10 -0800 The Stranger Posted by J.R.]]> Sun, 14 Dec 2008 16:49:34 -0800 The Stranger
If you continue renting, you will be vulnerable to rent increases every year, and at age 60 you will still have to come up with a fat rent payment every month.
Posted by Your Name Here]]> Sun, 14 Dec 2008 15:35:33 -0800 The Stranger
10 years ago after renting for most of my life I bought a low end house on Beacon Hill, not a chic place, but sitting on two lots. Incl. taxes and insurance my payment is just short of 1,000.00 per month, garden yard, dog, old but very OK two bedroom, giant living room-dining area. Nice front porch .... summer eating, cot for friends who come by and crash.

I could rent it for my payment if I needed to, even in this market it would sell for 400,000 for the lots. I owe about 100,00 now.

Where else would this working class guy pick up 300,000. for old age? You tell me. Plus stability and privacy and no fucking landlord.

I could have a roommate to keep costs down if needed. Nice location for buses, close shopping on the hill, fast to downtown or go I-90 to Mercer Island.

GREAT yard and garden if I want to work that hard in the summer.

Renting is money down the drain, buying the right place is your retirement..... and other benefits, like sex in the back yard on summer nights ...

Rudy
Posted by Rudy]]> Sun, 14 Dec 2008 14:41:17 -0800 The Stranger
Buying is still a great deal more expensive than renting an equivalent place. Take that monthly difference, stick it in a CD or other decent, guarenteed-return investment. You will be far ahead of the home debtor who is currently losing some 10%/year on his 'investment'.

AND when the shit really starts to hit the fan, you won't be strapped to all that debt, and you'll have access to cash if you need it.
Posted by happy renter]]> Sun, 14 Dec 2008 12:11:37 -0800 The Stranger
Press has been trying to get rid of these units for *years*. I think they first went on the market in 2006? Maybe earlier.

Point is, if they had actually tried lowering prices rather than simply churning the same tired MLS listings with small, generic photos they would have moved some units.
Posted by happy renter]]> Sun, 14 Dec 2008 12:07:21 -0800 The Stranger
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Posted by polarcontroller]]> Sun, 14 Dec 2008 00:03:26 -0800 The Stranger

Posted by Lola, Now in Iowa City, Iowa]]> Sat, 13 Dec 2008 19:40:01 -0800 The Stranger
They are well located, and had they cut prices a year ago and passed real savings to buyers then, they would be sold.

Don't forget, when you rent you get ZERO return -- in ten years these units will look good.

I have a friend who was in the SAME one bedroom on the hill for 25 years, the perfect tenant. Had she been paying on a condo or co-op, something to gain title, she would have paid for it.

New owners showed up, doubled rents, she moved and got llucky and found great unit for 750.00 per month ...
Posted by Adam]]> Sat, 13 Dec 2008 19:30:01 -0800 The Stranger
I can't help but think it was all the flipping that was helping to drive up a housing prices. Those motherfuckers were greedy, too - wanting something like a 200K profit from a 6-8 month turnaround. Hope they're stuck with a lot of shit they can't dump or rent because the payments are too high. It's only justice.
Posted by Bauhaus]]> Sat, 13 Dec 2008 17:27:11 -0800 The Stranger Posted by Trevor]]> Sat, 13 Dec 2008 17:27:05 -0800 The Stranger Posted by tomasyalba]]> Sat, 13 Dec 2008 17:25:30 -0800 The Stranger Posted by Jim Demetre]]> Sat, 13 Dec 2008 17:05:17 -0800 The Stranger Posted by Bill W.]]> Sat, 13 Dec 2008 16:15:07 -0800 The Stranger Anyone like Sun or sunlight? Yes, that's right, a 3 bedroom new house for $69K. Sixty-Nine Thousand...nothing in the 6th digit place...

http://www.zillow.com/homedetails/46129-…

46129 W Long Way Maricopa AZ 85239

3 beds, 2.0 baths, 1,350 sq ft
Close

For Sale: $69,900

Posted by John McCain's Real Estate Agent]]> Sat, 13 Dec 2008 15:45:31 -0800 The Stranger Posted by MadDog]]> Sat, 13 Dec 2008 15:36:40 -0800 The Stranger