Beyond Real Estate

Is it just me, or does it seem like higher priced homes are selling faster than those in the median price range?

Up in my neck of the woods, we have several newer developments where homes are priced at or above $650,000 and several where homes are in the $300,000 range. Yet, it seems like those large, fancy ones are selling better.

I wonder if it’s because people are tired of living in sardine can neighborhoods? Or is it because those folks with enough money to be considered “well-off” aren’t having as much financial crunch as those average folks?

Any thoughts? I’d love to hear what you think.

~ Annie

I just read an interesting article in the Seattle PI about foam food boxes and such possibly being banned. While I do agree that helping protect the environment is a smart move, I’m not a fan of this proposal. The major reason I do not agree is, what about people who on food stamps?

As someone whose family used to have food stamps, I can’t see how this helps them. They already have meager finances and to have even .20 cents x how many bags of groceries they have added to the mix, it can mean make or break for them. What about those times between paydays when they’re down to their last few dollars and have to choose between putting gas in the car to get to work and putting food on the table? Will have to choose to provide less food for their families because they can’t afford $2 for grocery bags? Or is this a cost that will be allowed to be paid for with food stamps for these people?

I’m sorry but this just doesn’t sound productive to me. The gap between poverty and wealth keeps getting larger and moves like this are a part of that reason. And it seems like moves like are becoming more than just a part of the reason - it’s becoming the major factor.

Wrong and sad.

Here’s the article from the PI.

Sorry for the soap box rant. Have a great day!

~ Annie

After reading and hearing about the foreclosure issues facing lenders and homeowners alike lately, I’ve come to the conclusion that there are some misconceptions out there. I’d like to say a few words . . .

While it is true that many of those properties in foreclosure are owned by folks who bit off more than they could chew, there are a good number of properties owned by honest, hard working people that have hit hard times. I hate that some people think that *only* people who bought with zero down at high prices and bought more than they could truly afford are the ones in foreclosure. Simply not true.

Case in point: I have a friend I’ve known for literally most of my life who bought a house about 20 years ago and has until the past year, had an excellent job. She’s paid her mortgage faithfully for those 20 years and refinanced a couple of years ago to pay off her student loans.

Last year, she lost her job when she had to go back to school to update her degree. Her former employer promised to re-hire after she finished and to date, they have not.

Now, please don’t tell me it’s only dumb idiots who are facing foreclosure or that just because a person *is* facing foreclosure, they must be a dumb idiot who bought more than they could financially handle and they deserve to lose their home. That totally pisses me off, quite frankly.

Homeowners do deserve some form of help and I certainly hope they are allowed some.

~ Annie

For the past week, I’ve noticed on several local RE websites and blogs that people seem to be saying not much has changed around the Puget Sound area, that the economic crunch hasn’t really been felt yet. But I’ve seen evidence elsewhere that points directly to the opposite.

My husband works for a stone wholesaler (granite, marble, etc) and February and so far, March, have been very slow for them. This is a company who sells slabs and tile to builders and contractors and the fact that their business has slowed down, tells me that we are indeed seeing some of the crunch in Snohomish County.

I’m just not convinced everything is rosy here. I find it odd in some ways, because trends in many areas of the country are showing it’s actually cheaper to build your own home right now than it has been for at least a decade, if not longer. Yet building has slowed tremendously here and as I mentioned already, slabs and tile are not selling.

Additionally, there are a couple of homes in our neighborhood that have been for sale for going on 4 months or so now. In the past few years, homes like these would have sold within 45 days, tops. One of them is a spacious home on a corner lot, about a block from a prime elementary school and whose price has been reduced at least twice since it came on the market. It’s even vacant! Someone could move right in! But there it sits . . . And a block away from us, is a duplex that was built last summer. It is still sitting there with a for sale sign as well.

You might remember my post last week “Real Estate Local: Tanked” and this is why I’m still trying to justify all this information in my own mind. Statistics from various sources and the news from those same sources are in conflict with one another. It’s baffling.

Historically, the Pacific Northwest has been slow to feel an economic crunch and while we haven’t noticed the same effects as the rest of the country even now, I think we are catching up to the recession everyone else has been feeling for quite some time.

What have you noticed? How is real estate being affected in your neighborhood?

Until later,
Annie

This isn’t a political blog and generally, I don’t really share my views with anyone but perhaps my husband. However, I just watched an incredible video that I feel compelled to share especially given the topic of yesterday’s post.

You may have noticed a small icon above here in support of Ron Paul and this video also gives you a glimpse as to why I believe in Dr. Paul.

Here’s the video

I encourage to watch it, think about the current issues in the news and really try to understand just what the long term effects are if the current policies are not changed quickly. It’s imperative that every adult in America who is legally eligible to vote, do so.

Our country depends on it - Our future generations -

OUR CHILDREN AND GRANDCHILDREN

- depend on it.

Until next time,

~ Annie