SPDR S&P 500 (SPY)

[learningboutinv]

OT: Pacific NW RE

Thanks. That's what I was thinking. I looked at redfin. Great concept by the way. You get 2.5% buyers commission rebate put back in when you buy a house. They (www.redfin.com) take .5% buyers commission. IT's only in Seattle, San Fran, Wash DC and few big cities. But it's a good concept cause it'll pay for your closing costs.

Anyhow with redfin I have been monitoring new builds right now and prices are stagnant or have been reduced. Especially ones sitting for 45+ days. May be during the rainy season with less people going to look at homes they will slash even more. But the avg. home here is small and expensive and over 100years old. 2br/1 to 1.5baths 900-1000sqft for $500K! WTF? You also have to consider old homes with old plumbing and electrical wiring and lead paint issues. So I started looking at new build town homes at 1500-1800 sq ft for $400-475K with stainless steel appliances, solid wood floors the works and 3br and 2.5 to 3 baths. Land in seattle is a premium it seems. People are basically building on top of each other with all new single family homes being only 3-4 ft from each other. I'm hoping for a slump so I can get in at some point even though that's a horrible thing to say with people being forced out of homes and all.