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re: REO starting to punish Seattle real estate...
Posted on 10/7/09 at 4:41 pm to Poodlebrain
Posted on 10/7/09 at 4:41 pm to Poodlebrain
You guys made a market around the real price - $619K. Almost a 50% loss for the lienholder. $147 sq/ft. IMO, that is at or below replacement value while valuing the land at zero. If I wanted to live in that neighborhood, I'd be very happy about this transaction.
2
Posted on 10/7/09 at 4:51 pm to Tiger JJ
I'm good.
Posted on 10/7/09 at 5:22 pm to Tiger JJ
quote:
If I wanted to live in that neighborhood, I'd be very happy about this transaction.
The prices will go down even further once word gets out a the other homeowners kill themselves. 50% losses are unreal.
This post was edited on 10/7/09 at 5:25 pm
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