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Seattle, WA
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In United States
Registered Oct 19, 2012

We have a residential house cleaning business, serving Seattle since 1999.

David Losh's most recent comments:

• On 23 May 2013 in Corelogic: home price appreciation to wane in 2013, David Losh said:

  donjumpsuit says
  

  And the funny thing is the price of housing will remain constant, while wages and commodity prices increase.

  That is nothing like what I read daily. Commodities are holding steady, wages are flat, and we still have an unemployment problem the Fed seems determined to fix.

  Most investors want returns. Real Estate may seem like big returns to you, but to me they don't add up.

  There are maybe ten Metropolitan areas with double digit appreciation off of sever lows, The Bay Area, Phoenix, and Las Vegas being three of them. That doesn't match the across the board double digit appreciation that happened before the last Real Estate crash.

  Real Estate did crash. That is recent history. The banking sector took a huge hit, but it looks like they have recovered.

  I just don't see inflation, let alone wage inflation. I see people looking for cheaper housing rather than maxing a budget to pay for a house.

  There are some determined buyers out there, but in my market place there are still some decent prices that can be had, both in city, but for sure in outlying areas.

  So, I don't see it. I don't see the price of housing going up. As a matter of discussion I see the areas of double digit appreciation receding. Maybe not in the Bay Area, because they have a wage base, but for sure in the areas of acute speculation.

• On 20 May 2013 in Is real estate bubble 2 showing some strain?, David Losh said:

  iwog says
  

  Lifestyle changes. I just rented my largest home to a family with four wage earners.

  You are an interesting person.

  I think, if that is a strategy, that Real Estate is done.

  I get that mom, dad, and the kids want a house to live in, but they have other expenses. If rents continue to rise you'll find fewer consumers for your home.

  Investors can find better returns in apartments, or scaled development than buying houses.

  I think most investors, if given a choice, would rather be in something managed well, than random rent increases that may not materialize.

  When we start seeing price appreciation slowing more investors will sell. I see it later this year, and the next.

• On 20 May 2013 in The housing bears are rightfully frustrated, David Losh said:

  robertoaribas says
  

  "everybodies getting paid" really? why did they sue you? why did the IRS file a tax lien against you?

  Geez, Bob, how many times am I going to answer your same questions.

  The IRS audited my sales of property, one of which was my personal residence. The IRS claims it was a rental. I got slapped with a huge fine, with penalties, and interest. It's on a plan Bob, secured by a tax lien.

  Now let me ask you this Bob, because you seem to know so much about me, what is my over all tax liability as a per cent of my income?

  Those that sued didn't like my terms of no interest. They got less by settling. Do you see a judgment in there Bob?

  No you don't.

  You see Bob, you are an ignorant Bubba who has played it safe, and just hasn't learned anything here.

  I came to Patrick.net as a true believer in Real Estate also Bob, but read, and learned, and have changed my outlook.

  You, on the other hand, are here filling in empty moments in your life?

  What's your point here Bob?

  You've asked me the same questions, over, and over, and over again, you get the same answers, then you seem to forget, then come back again.

  I'm happy to answer your questions because I'm getting to a point of no debt Bob. I'm even thinking of paying off my house, the one you have a hard time figuring out.

  I look at this economy as a great time, after the crash, to settle debt. I'm more than happy to do that because I have cash flow. I don't have a need for credit, but even if I did banks are always going to be looking for more business.

  I also don't need to carry any personal debt. Why should I Bob?

  You've asked me a bunch of questions, but you never answer mine. Why is that Bob?