Investing 102

[GregWeld]

Originally Posted by Bucketlist2012

There are many more bailouts in the works... The Housing that they tried to SAY is ok, is not OK...More government aid is happening and will happen..

In my market -- and I'm trying to buy houses in Portland Oregon ($350K range) and Seattle Washington ($800K range) - the market is HOT...

Every house we've had interest in has gone pending before we can even think about making an offer. There are now BIDDING WARS going on with multiple offers and back up offers.

I have two friends here (Seattle) in the business. Art called yesterday to tell me about a house - and then said a house he just listed at 1.3 million - had FIVE full price offers and one offer at 1.4 million.

Remember that the list of LARGE companies that are doing well headquartered here in the Seattle area will blow your mind... it's just that people don't think about lowly Seattle as ANYONES headquarters for anything.... but it is. High pay - high quality jobs make high priced housing.

[Tony_SS]

Originally Posted by GregWeld

In my market -- and I'm trying to buy houses in Portland Oregon ($350K range) and Seattle Washington ($800K range) - the market is HOT...

Every house we've had interest in has gone pending before we can even think about making an offer. There are now BIDDING WARS going on with multiple offers and back up offers.

I have two friends here (Seattle) in the business. Art called yesterday to tell me about a house - and then said a house he just listed at 1.3 million - had FIVE full price offers and one offer at 1.4 million.

Remember that the list of LARGE companies that are doing well headquartered here in the Seattle area will blow your mind... it's just that people don't think about lowly Seattle as ANYONES headquarters for anything.... but it is. High pay - high quality jobs make high priced housing.

Beware! The same thing was going on everywhere before the bubble.. IMO, thats a sure sign of one, where people drive up values in a frenzy.. they end up overvalued and crash down.. the PNW is a fad right now I believe.. a year from now it will crash, IMO.

Here in the midwest we have been stable, but declining still. We have not seen the bottom in housing, no way. But that won't stop new bubbles from forming elsewhere with these ultra low rates the Fed is holding.

[Bucketlist2012]

They haven't let all the foreclosure even through the system yet..

And a new wave of Foreclosures is coming... Then the Student Loans ???


Look up how much money is going to be bailed out...They will, they have to..

Depending on who is in charge, they WANT to...

So there will be stimulus or aid, or loans, or whatever they want to name it...

But Americans will not go for Austerity and Cuts that are needed...They will revolt in some form or another..Spoiled children that won't take the small pill now..Well they are going to take the pill, now or later...

And I don't store ammo, or Gold. I am not buying commodities to live through the entire collapse of society..Haha..I have no time to think that way..

But they laughed at me when I added more Gold at 600. Then they really laughed when I bought at 800. They cried laughing at 1200. Then they thought I lost my mind adding at 1400.

But I do have enough Dividend payers monthly to not bank on Gold or commodities to be the answer. Just an add to my Blend..

Could it go either way ? Yes...But it won't break me..I still think we are in for a reset..

[Tony_SS]

Americans wont have a choice.. Banks dont want hyperinflation.. that's their loss, they'll put the loss on the productive class and steal investments, just like they did in 08.

There's going to come a time when the Fed will just stop buy govt debt and the markets will suffer... I wish I was wrong, but that's what signs are saying.

Anyway I don't hijack this thread with my doomsday prepper talk lol but there were a whole LOT of people blind to seeing what was coming in 08.. I wasn't one of them. Nothing has changed since then except they've pumped and inflated more, so there will more bubbles a'comin...

[GregWeld]

Originally Posted by Tony_SS

Beware! The same thing was going on everywhere before the bubble.. IMO, thats a sure sign of one, where people drive up values in a frenzy.. they end up overvalued and crash down.. the PNW is a fad right now I believe.. a year from now it will crash, IMO.

Here in the midwest we have been stable, but declining still. We have not seen the bottom in housing, no way. But that won't stop new bubbles from forming elsewhere with these ultra low rates the Fed is holding.

I don't think you understand the economy here. We NEVER had high unemployment -- nor do we have the foreclosure issues elsewhere in the country.

It's hard to look outside the box if you're not somewhere that is not having the same issues. Employment and job opportunities are what drive housing higher or lower. Think DETROIT.... low pay - not a lot of opportunity.... versus "Silcon Valley".... high job growth - high pay - high housing prices - maybe 1 or 2% unemployment. Ditto Seattle. If you're a housing framer - you suck... if you are in high tech sales or a software engineer or programmer - you have multiple job offers at 100+ K per year and all the benefits you want.

The government may be busy bailing out Louisiana - but they've got nothing to do around here.

[Tony_SS]

Originally Posted by GregWeld

I don't think you understand the economy here. We NEVER had high unemployment -- nor do we have the foreclosure issues elsewhere in the country.

It's hard to look outside the box if you're not somewhere that is not having the same issues. Employment and job opportunities are what drive housing higher or lower. Think DETROIT.... low pay - not a lot of opportunity.... versus "Silcon Valley".... high job growth - high pay - high housing prices - maybe 1 or 2% unemployment. Ditto Seattle. If you're a housing framer - you suck... if you are in high tech sales or a software engineer or programmer - you have multiple job offers at 100+ K per year and all the benefits you want.

The government may be busy bailing out Louisiana - but they've got nothing to do around here.

So building and construction is not booming up there? I would think it would be if that economy is thriving....

I just get cautious when bidding wars happen on property.. it tends to start to snow ball into hype and overvaluation...

[GregWeld]

Originally Posted by Tony_SS

So building and construction is not booming up there? I would think it would be if that economy is thriving....

I just get cautious when bidding wars happen on property.. it tends to start to snow ball into hype and overvaluation...

OVER BUILDING is not happening here -- and if you want to buy a million dollar condo - you probably have a choice of 1000 or more of them in the Seattle and Bellevue area.

[toy71camaro]

know any one looking to pay seattle wages for telecommuter for Tech support/software techie stuff? lol

[GregWeld]

Originally Posted by toy71camaro

know any one looking to pay seattle wages for telecommuter for Tech support/software techie stuff? lol

Too late! We sold Isilon Systems in 2010..... to EMC.


I know nothing about nothing now.

[Tony_SS]

Originally Posted by GregWeld

OVER BUILDING is not happening here -- and if you want to buy a million dollar condo - you probably have a choice of 1000 or more of them in the Seattle and Bellevue area.

Good to hear.. sounds like a case of short supply.. hopefully those sale values then are legitimate and not inflated.