Friday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
Off-topic comment? Interesting link?
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Head over to the forums, or click here for open threads.
7 comments:
Complaint accuses Zillow of misleading consumers
Zillow.com, the real estate equivalent of e-trade, has landed in the hot seat over claims that its home-valuation tool is inaccurate.
Was it my imagination, or did neither of the Seattle papers run the "Home Price Drop Is Largest in 35 Years" story?
I love this little gem:
" I'm a 24-year-old aspiring real estate entrepreneur from Sacramento CA. After going to few seminars I bought 8 houses in 8 months across 4 states with no money down. I fixed and sold 2 and then ran out of cash. I am now facing foreclosure on 6 5 houses. I'm learning my lessons, finding solutions and blogging about it"
Maybe the agents were all still on vacation.
KB Home Receives Default Notice on Notes
Still no 10-Q finance report for Builder KB Home. Check for those pennies behind the leather sofa in the lobby, KB!
So, if growth is .9%, and the official inflation rate is 3%, and the inflation for those of us that eat, drive, heat our homes, and buy our homes is somewhere in the 6-8% range, just how much are we growing?
I get a negative number, with both the gov't inflation and the real inflation numbers.
Is this the great economy that Mike Medved, Rush Limbaugh, & Sean Hannity are touting?
I wonder if this is the reason that the general feeling of uneasiness about the economy doesn't square with the "official" numbers and government sponsored finanical illusions and prevarications. (DJIA 12K, $2.20 gas, high home prices, and low unemployment)
I'm bulking up so I don't jeopardize my health when I lose 20 pounds laughing my ass off when the financial markets start to crater in mid-November.
The Tim,
I tried to answer the "was it only August" question, but there are too many in escrow waiting to close on Monday or Tuesday for me to draw any conclusions.
Agent on vacation month of August affects September Closings. Agents back to work September affects October closings.
I look at what is selling, by the date someone decides to buy, which is the day it goes into escrow, not the day it closes. That is more significant to me.
For instance, Kirkland condo sales will spike in October if you look at close date. All of the Boulevard will close at once, but those closings were affected by a full year's worth of buying decisions.
How many of those people who bought in Februry of 06 that are closing this Tuesday, would make the same decision to purchase today?
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