Anonymous
04/19/2014 16:13
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.
Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."
And demand has been stoked by artificially lowered interest rates. Thanks for playing!
Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.
Lovely parting gifts for you at the door at all that. You've been schooled.
Btw, you realize you are saying that demand was stoked by lack of supply?! Have you been drinking?
Anonymous
04/19/2014 16:12
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.
Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."
And demand has been stoked by artificially lowered interest rates. Thanks for playing!
Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.
Lovely parting gifts for you at the door at all that. You've been schooled.
Seriously PP? Let me guess, you have an ARM mortgage and will have no problem making payments at 15%?
No arms go up to 15% there is a cap of a percent each year and a max rate of about 7 above initial. Go blow yourself cause that is the only person you can convince of your idiocy.
You are talking to multiple people BTW. But considering you aggression, I do expect you are foolishly overextended and deep down you know it. If prices don't keep rising, I guess you are looking at insolvency? We have no horse in this game, we own and can afford under almost all reasonable scenarios (layoffs, govt shutdown). Which is not how most people are operating and why this house of cards will fall.
It has nothing to do with migration. These prices hikes are happening across the nation and is a direct result of the Feds meddling. With the wars winding down, defense cuts, reduced BigLaw growth, why would people move here? This places only real attraction is stable jobs and free museums. And the stable jobs are waning.
Schooled? Who the freak uses this? Shouldn't you be in the Fifty and Over Forum?
Anonymous
04/19/2014 15:07
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.
Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."
And demand has been stoked by artificially lowered interest rates. Thanks for playing!
Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.
Lovely parting gifts for you at the door at all that. You've been schooled.
Seriously PP? Let me guess, you have an ARM mortgage and will have no problem making payments at 15%?
No arms go up to 15% there is a cap of a percent each year and a max rate of about 7 above initial. Go blow yourself cause that is the only person you can convince of your idiocy.
Anonymous
04/19/2014 14:46
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.
Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."
And demand has been stoked by artificially lowered interest rates. Thanks for playing!
Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.
Lovely parting gifts for you at the door at all that. You've been schooled.
Seriously PP? Let me guess, you have an ARM mortgage and will have no problem making payments at 15%?
Anonymous
04/19/2014 12:13
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.
Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."
And demand has been stoked by artificially lowered interest rates. Thanks for playing!
Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere.
Lovely parting gifts for you at the door at all that. You've been schooled.
Anonymous
04/19/2014 12:00
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.
Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."
And demand has been stoked by artificially lowered interest rates. Thanks for playing!
Anonymous
04/19/2014 10:40
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.
Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."
Anonymous
04/19/2014 09:45
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.
Anonymous
04/19/2014 09:44
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
And housing prices never go down! Yay, for false truisms. Got any more?
Anonymous
04/19/2014 09:37
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Next month it will cost 10% you snooze you lose
And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )
You seem to think housing prices are affected by interest rates. They're not.
Anonymous
04/19/2014 02:58
Subject: Seller counters above list price?
I offered asking price on a foreclosure two years ago. The bank came back and asked for my best and final offer. My best and final was the asking price. They accepted my offer. Everyone is greedy.
Anonymous
04/18/2014 22:31
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Location:
-Easy commute via I395 to D.C.; bus route-Metro, bike paths
-Close to schools, public or private
-Close to two new food stores, USPS, coffee shops (all walkable) and Pentagon Mall area for shopping
-Chinquapin Recreation within walking distance
House:
-Nice upgrades (kitchen, baths)
-Better than average maintenance: new well picked and done paint, adequate windows for light, HVAC
(minus one visible crack in driveway near door)
-3 BR, 2 1/2 B with nice master bedroom/bath
-Clean bright basement showing obvious care (well lit, clean and supported ducts (could be wrapped to insulate easily), floor and walls w/o cracks, single panel electric, heating unit not aged, but perhaps older hot water heater).
-Roof not visible to assess however
Yard:
Nice low maintenance lot with shrub evergreens but easy to work with landscape and gardening
Great starter home for couple or family with kids home, walkability, nice neighborhood, reasonable taxes, inside Beltway
Nice description of features but no explanation of showing how you arrived at price. Just pulling stuff out of air. Value is fluid, and how is 750k a reasonable starter home in a stagnating job market? Every other thread is how BigLaw model is broken or defense cuts.
This assessment was in response to the 21:03 question, not to the OP.
Anonymous
04/18/2014 22:28
Subject: Seller counters above list price?
Anonymous wrote:Anonymous wrote:Location:
-Easy commute via I395 to D.C.; bus route-Metro, bike paths
-Close to schools, public or private
-Close to two new food stores, USPS, coffee shops (all walkable) and Pentagon Mall area for shopping
-Chinquapin Recreation within walking distance
House:
-Nice upgrades (kitchen, baths)
-Better than average maintenance: new well picked and done paint, adequate windows for light, HVAC
(minus one visible crack in driveway near door)
-3 BR, 2 1/2 B with nice master bedroom/bath
-Clean bright basement showing obvious care (well lit, clean and supported ducts (could be wrapped to insulate easily), floor and walls w/o cracks, single panel electric, heating unit not aged, but perhaps older hot water heater).
-Roof not visible to assess however
Yard:
Nice low maintenance lot with shrub evergreens but easy to work with landscape and gardening
Great starter home for couple or family with kids home, walkability, nice neighborhood, reasonable taxes, inside Beltway
Are you the owner? That is a lot of info to get from a website.
No, I'm not the owner but I've owned homes in this area for thirty five years to allow reasonable observations.
Anonymous
04/18/2014 22:04
Subject: Seller counters above list price?
Anonymous wrote:Location:
-Easy commute via I395 to D.C.; bus route-Metro, bike paths
-Close to schools, public or private
-Close to two new food stores, USPS, coffee shops (all walkable) and Pentagon Mall area for shopping
-Chinquapin Recreation within walking distance
House:
-Nice upgrades (kitchen, baths)
-Better than average maintenance: new well picked and done paint, adequate windows for light, HVAC
(minus one visible crack in driveway near door)
-3 BR, 2 1/2 B with nice master bedroom/bath
-Clean bright basement showing obvious care (well lit, clean and supported ducts (could be wrapped to insulate easily), floor and walls w/o cracks, single panel electric, heating unit not aged, but perhaps older hot water heater).
-Roof not visible to assess however
Yard:
Nice low maintenance lot with shrub evergreens but easy to work with landscape and gardening
Great starter home for couple or family with kids home, walkability, nice neighborhood, reasonable taxes, inside Beltway
Are you the owner? That is a lot of info to get from a website.
Anonymous
04/18/2014 21:52
Subject: Seller counters above list price?
Anonymous wrote:Location:
-Easy commute via I395 to D.C.; bus route-Metro, bike paths
-Close to schools, public or private
-Close to two new food stores, USPS, coffee shops (all walkable) and Pentagon Mall area for shopping
-Chinquapin Recreation within walking distance
House:
-Nice upgrades (kitchen, baths)
-Better than average maintenance: new well picked and done paint, adequate windows for light, HVAC
(minus one visible crack in driveway near door)
-3 BR, 2 1/2 B with nice master bedroom/bath
-Clean bright basement showing obvious care (well lit, clean and supported ducts (could be wrapped to insulate easily), floor and walls w/o cracks, single panel electric, heating unit not aged, but perhaps older hot water heater).
-Roof not visible to assess however
Yard:
Nice low maintenance lot with shrub evergreens but easy to work with landscape and gardening
Great starter home for couple or family with kids home, walkability, nice neighborhood, reasonable taxes, inside Beltway
Nice description of features but no explanation of showing how you arrived at price. Just pulling stuff out of air. Value is fluid, and how is 750k a reasonable starter home in a stagnating job market? Every other thread is how BigLaw model is broken or defense cuts.