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Median home price plummets by $40,000 (Seattle housing market starts to crack)
Seattle-PI ^ | 2/8/2007 | Aubrey Cohen

Posted on 02/08/2007 8:51:38 PM PST by Proud_USA_Republican

Seattle's median home price in January was the lowest it has been in a year, according to statistics released Wednesday.

The median price of $379,990 was down from $420,000 in December, according to the Northwest Multiple Listing Service.

A seasonal decline is consistent with recent years, but Seattle's January median home price also was lower than King County's median -- a first since at least 2001. King County's median home price in January was up 8 percent from a year earlier, while the median for all 19 counties in the Northwest MLS was up 10.6 percent.

"That's odd," Bob Melvey, assistant manager at Windermere Real Estate's Ballard office, said of the Seattle numbers. "My personal experience doesn't jibe with the stats."

(Excerpt) Read more at seattlepi.nwsource.com ...


TOPICS: Business/Economy; News/Current Events; US: Washington
KEYWORDS: housing; overpriced; overrated; realestate
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To: BurbankKarl
It's called "shutting the door behind 'em-ism".

Last one in's a rotten Californian, LOL.

21 posted on 02/08/2007 11:26:30 PM PST by 4woodenboats ("Show me what 100 hours brought that was new, and there you will find things only evil and inhuman")
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Comment #22 Removed by Moderator

Comment #23 Removed by Moderator

To: ex-Texan

True tale of squatters.

Guy I know found out squatters were occupying a house he was trying to sell, in No. Kalifornia.

It took several weeks to get an order evicting them.
The sheriff's deputies politely told them to get out, placed all their belongings on the side-walk in front of the house, and left.
Within fifteen minutes the squatters were back in the house!

When the owner tried to get them evicted again, he was told he would have to get a new court order.

He mentioned the problem to a friend, who is a member of the H.A. motorcycle club.
Some club members paid a visit to the squatters, and very impolitely told them to GET THE "F" OUT!
They then placed most of their belongings into a commercial wood chipper, explaining that a similar fate could happen to them if they returned to the house.

No more problem with squatters at that house.

Sometimes the most effective solution to a problem requires working outside the box.


24 posted on 02/08/2007 11:51:58 PM PST by Richard-SIA ("The natural progress of things is for government to gain ground and for liberty to yield" JEFFERSON)
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To: Richard-SIA
Sometimes the most effective solution to a problem requires working outside the box.

Sometimes the most effective solution to a problem requires working inside the chipper.

25 posted on 02/08/2007 11:54:44 PM PST by woofie
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To: pbmaltzman

You know what? I'm not going to disagree with a thing you said.

In the early 80's Colorado was considered a conservative state but that started to change sometime in the late 80's with the influx of out of staters with most of them being Californians. Yes there were Texans in with that crowd and for some unknown reason to me Texas is really disliked here. But I've lived in a number of states where a next door neighbor state was hated. E.g. Ilinois hates the Hoosiers.

The Wild West pioneering attitude is long gone except maybe in some of the eastern plain cities. Sure is dead in Denver. But then again we don't have many politicians who speak about gun control.






26 posted on 02/09/2007 12:23:24 AM PST by jwh_Denver ("Planet of the Apes" happened because people wouldn't proof read their posts.)
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To: ex-Texan

Once squatters move in and get established, it is very difficult to have them evicted.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I am curious, do these squatters live without electricity, etc.? In my area I don't think they would be able to have electricity turned on once the owner has stopped the service. I see some in the video carrying water in jugs.


27 posted on 02/09/2007 3:08:56 AM PST by RipSawyer (Does anybody still believe this is a free country?)
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To: confederatetrappedinmidwest

People who are born in nice places seem to think they have a right to decide who gets to live there and who does not.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Possibly because some of us are old enough to remember when the same people who want to move to our "nice place" looked down their nose and called us hicks and worse. I remember Navy boot camp in 62 when boys from such places as Detroit had a very superior attitude toward me when I said South Carolina. Funny how attitudes change, I don't think I have ever heard of anyone leaving here to move to Detroit.


28 posted on 02/09/2007 3:21:23 AM PST by RipSawyer (Does anybody still believe this is a free country?)
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To: IslandJeff

My place in northern Ohio is a 4BR 2500 sq. ft. place near the lake, 5 miles from downtown. Tax value 150k. I'm not selling.

Sure, it's only 6 degrees out right now. So what?


29 posted on 02/09/2007 3:42:33 AM PST by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: Proud_USA_Republican

Wait a minute - it is up by 8% over one year ago, how much increase does the media need to declare that Chicken Little was wrong?


30 posted on 02/09/2007 4:50:32 AM PST by q_an_a
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To: Proud_USA_Republican

Seattle has more dogs than children. Families with young children are leaving cities by the millions, looking for more space, less taxes and less expensive homes. And businesses are following these families because these families make up a stable, creative workforce.

I expect Seattle will become "Detroit by the Sea" within one decade. Enjoy.


31 posted on 02/09/2007 5:04:29 AM PST by sergeantdave (Consider that nearly half the people you pass on the street meet Lenin's definition of useful idiot)
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To: sergeantdave
As an old high school friend told my brother when paying only $100 for a Seahawk playoff ticket "You almost have to be bi to live in this city".

Seattle, the city I grew up in, the city of fishermen and loggers has become the city of homo's and coffee drinkers. What a shame.

32 posted on 02/09/2007 5:13:43 AM PST by normy (Don't hit at all if it is honorably possible to avoid hitting; but never hit soft.)
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To: ex-Texan

Doesn't the law in some states allow squatters to OWN a house once they live in it for a certain amount of time?

Sickening!


33 posted on 02/09/2007 5:24:38 AM PST by Muzzle_em (A proud warrior of the Pajamahadeen)
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To: Proud_USA_Republican

I know a few people who put most or all of their investments and retirement in Seattle real estate.

Prepare for them to start crying that the drop in value is Bush's fault (and not the insane meteoric rise because so many shallow liberals wanted to be able to say, "I live in Seattle, and we're getting a monorail.") and for the taxpayers to bail them out. That's the financial backup plan of liberals, "someone else should pay for my mistakes."


34 posted on 02/09/2007 5:34:59 AM PST by Ghost of Philip Marlowe (Liberals are blind. They are the dupes of Leftists who know exactly what they're doing.)
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To: Proud_USA_Republican
And they're doing it in Boise, ID and are trying to do it to Montana.

I hope the residents of those states show some very harsh and impolite prejudice to them.

Do NOT welcome them to your state. They'll kalifornicate your states just like they did CA.
35 posted on 02/09/2007 5:37:17 AM PST by Ghost of Philip Marlowe (Liberals are blind. They are the dupes of Leftists who know exactly what they're doing.)
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To: Ghost of Philip Marlowe

"and for the taxpayers to bail them out. "

Already happening in Michigan.

A liberal complained that his taxes on the land had gone through the roof and he might need to sell some portion to pay the state taxes. Then he complained that if Bush wasn't spending money on Iraq, he might be able to pay his taxes.

When I asked if he expected taxpayer money to pay his taxes, he said "yes." This fellow deserves to live under a bridge in a cardboard box.

In fact, our communist governor blames the state's economic tailspin on Bush, and the idiots in the state ate it up.


36 posted on 02/09/2007 6:08:43 AM PST by sergeantdave (Consider that nearly half the people you pass on the street meet Lenin's definition of useful idiot)
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To: Proud_USA_Republican

Downtown Seattle is still BOOMING!! More and more people of ALL ages want to live here in town.


37 posted on 02/09/2007 6:10:18 AM PST by Suzy Quzy
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To: confederatetrappedinmidwest

I've wondered the same thing.

Nobody ever seems to have an answer though.


38 posted on 02/09/2007 6:10:59 AM PST by RockinRight (What I want in '08: Gingrich's politics, Reagan's appeal, and Tancredo's immigration stance.)
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To: sergeantdave
Alexander Tytler was correct. All democracies are bound to fail. When the populace realizes they can vote themselves gifts from the public coffers, democracies will fall from within for economic reasons.

Our system, a democratic republic, seems only to stanch the hemorrhage of funds going to the greedy, selfish, stupid, and lazy. The future doesn't look good.
39 posted on 02/09/2007 8:02:28 AM PST by Ghost of Philip Marlowe (Liberals are blind. They are the dupes of Leftists who know exactly what they're doing.)
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To: Suzy Quzy

Did you forget your sarcasm tag?


40 posted on 02/09/2007 8:32:59 AM PST by goodnesswins (We need to cure Academentia)
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