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Saturday, September 13, 2008
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15 comments:
I was checking out the "biggest discount" listing on the right side of the blog. This one really cracks me up:
http://www.franklymls.com/PW6811727
Why would anyone in their right mind pay nearly $380k for that thing?
That place should be the poster child for the housing bubble.
That little trailer is a hoot.
What do you all think of this house? The location seems nice, but the house looks dated and doesn't have a basement.
http://franklymls.com/AR6866989
AR6866989: Great neighborhood, end of deadend street. Almost backs onto the GW parkway, easy commute downtown. Only problem for me is the $915,000 asking price, but there's probably a premium added for the location. I am not in love with the color coordination, but that looks like it can be changed.
My first impression is that if that was my best choice, I should seriously sit down and reconsider my career choice that has drawn me to this area. Life is too short to pay a million dollars to live in something that looks like that.
Greenspan
Greenspan says this is the worst economy he's ever seen
Quoting:
Former Federal Reserve Chairman Alan Greenspan offered a woeful outlook of America's economic situation on Sunday, saying the crisis with the country's financial institutions was as dire as he had ever seen in his long career, and predicting that one or more of those institutions would likely collapse in the near future.
"Oh, by far," Greenspan said, when asked if the situation was the worst he had seen in his career. "There's no question that this is in the process of outstripping anything I've seen and it still is not resolved and still has a way to go and, indeed, it will continue to be a corrosive force until the price of homes in the United States stabilizes. That will induce a series of events around the globe which will stabilize the system."
BETA TESTERS WANTED
Hey guys, I just launched an email alert system for your saved homes on FranklyMLS.com
So when you do a search, if you see a ♥ symbol, click on it and it will be saved with Cookies. Add your email and you will get alerts every 90 minutes if there is ANY change (price, photos, remarks, under contract)
Love it if you all could test it out and tell me about any bugs or features you would wish that it would have.
One thing that is unique is it does NOT require a password. I hate passwords.
Thanks!
Frank
""Oh, by far," Greenspan said, when asked if the situation was the worst he had seen in his career. "
Bah, it's a normal cycle... heh
DC Condo/Coop Market Snapshot. Interesting report. Bar charts give a quick overview. For instance, Washington DC settlements: 2000, 2676; 2005, 4225; 2007; 3825; projected this year, 2734. Prepared by Coldwell Banker Mid Atlantic. Median Price Sold: 2000, $139,000; 2005, $375,000; 2007, $350,000; 2008, $364,000.
For your reading enjoyment....
http://tinyurl.com/6ogwtm
Breaking News:
"Ten leading banks, in an extraordinary move aimed at shoring up Wall Street, pool $70 billion to lend to weakest players. More soon."
Via http://money.cnn.com
Fannie and Freddie in conservatorship (bonds, OK, stock is toast). Merrill Lynch taken over (let's not mince words) by BoA. Lehman bankrupt. AIG may live or die by Monday evening. This past week has been the worst I've *ever* heard of for US financials.
The financial firms are cracking up and anyone who thinks the damage isn't going to percolate down to us is fooling themselves IMO.
I had always thought things were bad -- but *this* bad?
"The financial firms are cracking up and anyone who thinks the damage isn't going to percolate down to us is fooling themselves IMO."
But joelandsonia, it's "different" here.
start a thread called
"find a Commenter a house (condo)"
start with me.
find me a house for 330K, metro accessible(1/2 walking distance), nice neighborhood (safe), nice restaurants within walking distance, grocery store nearby...
http://www.franklymls.com/PW6811727
Sorry, that's just a trailer. Not a rambler, a trailer...and not even for a good movie!
Wow, 380k for that POS in PW county!
Thats just barely less than I sold a beautiful 2400 square foot townhouse in Arlington in 2001!
Its so wrong that in less than 5 years you would have to move out to PWC and buy a total POS for that amount of money.
Im glad the prices out there in the boonies are getting back to reality.
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