"Val" (RCG commenter) rips us a new one?

[The Tim]

[rose-colored-coolaid]

[redmondjp]

Darn it, where's meshugy when we need him?

OK, somebody else step up here and post an alternative opinion (bonus points if you include mention of Pink Ponies) so we can all go about rehashing yesterday's commentary again as we shout you down and decry the audacity of your differing opinion.

Tim, after reading Val's comments, I have become concerned as well, and maybe you should consider adding a disclaimer to your site such as the following such that nobody else may be led astray:

I am (The) Tim. This is my site where I express my opinion, although I don't always have one and when I do, it may not be valid. If any public good comes about from the information disseminated at this site, it is purely unintentional and I cannot be held responsible for it. I also like to live rent-free and play with Legos.

Signed,
Redmondjp
Proud member of the DToF, 13th Auxiliary

[TJ_98370]

..
As one of the right wing, devoted team of followers always ready to shout down dissenting opinion - I say way too funny redmondjp
..

[Lake Hills Renter]

[Eleua]

[rose-colored-coolaid]

I heard once that you can tell someone's political leanings by how large their house is.



Congratulations to all the right-wingers on the blog!

[upsciLLion]

[rose-colored-coolaid]

[neoCon]

Val is F-ing nuts!!

The last thing I would call this blog is "conservative or right wing"

The thing I like about this blog is that the contributors put a lot of time and research into their posts not like some other bloggers who feel they just have to get something posted. KUDOS for that.

I take the information I read on this site and try to understand what people are thinking and how in the hell they got themselves into the position they did. I feel real estate is long term if it is only a short term solution that is called speculating.

This is my take on what I have gotten from the contributors of this blog. Many have never owned a home and don't have the equity from a sale to use as a down payment. I also feel that the contributors are priced out of the Seattle market except maybe condo's (this is what im reading may not be true).

[rose-colored-coolaid]

neoCon,

First, I think many of the contributors have more equity than you'd think. I for one could live my current lifestyle for nearly 2 years, just from the equity I have built up by not buying a house during the last 3 years.

Second, anyone who lives in King County and doesn't already have a SFH is either priced out of SFHs or has a household income in excess of $150,000 a year.

Let's say you make $100,000 a year and have $50,000 in equity (from your condo). That's enough to get $350,000 in house using traditional calculations. Guess what! That's another condo.

[redmondjp]

In the interest of full disclosure, I do own a house.

But only because I was "lucky" enough to have purchased 10 years ago--even then, the house was 4x my annual income and it was a bit of a stretch. And prior to that I had lived with my parents for several years after college and rat-holed a lot of $$$ away, just so I could put 20% down on a house someday (no PMI for me).

At what I am currently making, even combined with what my wife makes, we can't afford to buy anything within a 30-mile radius of Seattle (well, we probably could afford a condo-partment, but there is no way I will pay $250K to "own" a beat-up former apartment). RCC is right about the salaries it takes to buy here (way above median incomes).

Since my PITI is well under what it would take to rent an equivalent house, it makes sense to stick it out and stay where I am at. But again, I really do consider myself lucky, although the ability to initially purchase did come about because I saved like a madman for several years.

[The Tim]

[redmondjp]

[Alan]