Comments on: My $23,750 Mistake at Olive 8 http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/ Taking your startup to the next level Sat, 04 Feb 2012 04:53:31 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Ноутбуки Acer http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-2/#comment-14011 Ноутбуки Acer Wed, 28 Dec 2011 18:09:28 +0000 http://www.inspiredstartup.com/?p=211#comment-14011 Awesome things here. I'm very happy to peer your article. Thanks a lot and I'm looking forward to touch you. Will you kindly drop me a mail? Awesome things here. I’m very happy to peer your article. Thanks a lot and I’m looking forward to touch you. Will you kindly drop me a mail?

]]> By: Mario http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-13599 Mario Sat, 03 Sep 2011 22:42:25 +0000 http://www.inspiredstartup.com/?p=211#comment-13599 Hi, i am looking to buy at olive 8 this week, do you think thath is a good price to buy, 385000 for one bed unit. Or isnt a good price now. I am a little bit concern Hope you can help me Hi, i am looking to buy at olive 8 this week, do you think thath is a good price to buy,
385000 for one bed unit.
Or isnt a good price now. I am a little bit concern

Hope you can help me

]]> By: Leah Drew http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-12844 Leah Drew Sat, 30 Oct 2010 21:46:28 +0000 http://www.inspiredstartup.com/?p=211#comment-12844 Andy Let’s consider both factors of your decision to buy, financial and consumption. On the financial side, the deposit is gone. If you bought at 500,000, and decide to keep the unit, you owe about 475,000. Considering prices on real estate are down a nice third, you are negative by about 160,000 off the bat (to reference your love of sports). Better down 25,000 then 185,000. Let the deposit go, as you said, lesson learned. However, there is a way to satisfy the consumption end. If you love the unit and building, take 25,000 loss, watch other units, and when the developer is forced to sell at market value (which he will be considering the market and simple inventory versus qualified buyers) put down another deposit with a brand new purchase price of roughly 340,000. Taking into account the lost original deposit and the new one, 50,000, plus 320,000, you still get the unit at 370,000 instead of 500,000. The only question is, are you comfortable paying 370,000 for that unit. If so congratulations, the market worked in your favor even though you fell into the real estate frenzy just like so many others. Have fun. I too am watching this fantastic building. Andy
Let’s consider both factors of your decision to buy, financial and consumption. On the financial side, the deposit is gone. If you bought at 500,000, and decide to keep the unit, you owe about 475,000. Considering prices on real estate are down a nice third, you are negative by about 160,000 off the bat (to reference your love of sports). Better down 25,000 then 185,000. Let the deposit go, as you said, lesson learned. However, there is a way to satisfy the consumption end. If you love the unit and building, take 25,000 loss, watch other units, and when the developer is forced to sell at market value (which he will be considering the market and simple inventory versus qualified buyers) put down another deposit with a brand new purchase price of roughly 340,000. Taking into account the lost original deposit and the new one, 50,000, plus 320,000, you still get the unit at 370,000 instead of 500,000. The only question is, are you comfortable paying 370,000 for that unit. If so congratulations, the market worked in your favor even though you fell into the real estate frenzy just like so many others. Have fun. I too am watching this fantastic building.

]]> By: clevey http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-12283 clevey Mon, 23 Nov 2009 18:48:09 +0000 http://www.inspiredstartup.com/?p=211#comment-12283 Of course there is no formula for success except perhaps an unconditional acceptance of life and what it brings. Of course there is no formula for success except perhaps an unconditional acceptance of life and what it brings.

]]> By: anthony k. gongora http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-12162 anthony k. gongora Sat, 31 Oct 2009 01:53:23 +0000 http://www.inspiredstartup.com/?p=211#comment-12162 Hi just thought i would let you know that i had a problem with this blog coming up frozen also. Might be monkeys in the system. Hi just thought i would let you know that i had a problem with this blog coming up frozen also. Might be monkeys in the system.

]]> By: Radiant Cut Diamond Rings http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-12132 Radiant Cut Diamond Rings Sun, 04 Oct 2009 19:49:53 +0000 http://www.inspiredstartup.com/?p=211#comment-12132 I always had trouble dealing with the gov't in King County. I always had trouble dealing with the gov’t in King County.

]]> By: Allan http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-11816 Allan Sun, 23 Aug 2009 23:41:40 +0000 http://www.inspiredstartup.com/?p=211#comment-11816 @Chris Two places to check on what units have closed at O8: http://www.olive8.blogspot.com/ or just search King Country Records yourself. Search for "Olive 8 LLC" http://www.kingcounty.gov/business/Recorders/RecordsSearch.aspx @Chris

Two places to check on what units have closed at O8:

http://www.olive8.blogspot.com/

or just search King Country Records yourself. Search for “Olive 8 LLC”

http://www.kingcounty.gov/business/Recorders/RecordsSearch.aspx

]]> By: Chris http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-11695 Chris Sun, 16 Aug 2009 20:32:03 +0000 http://www.inspiredstartup.com/?p=211#comment-11695 Andy, this is a great article. I've been over to Olive 8 a few times and am increasingly interested in it. This article is an eye opener though. As a first time home buyer, I'm a bit clueless as to where to learn more about % homes closed in a given property etc. Where can I see reports for a given area? :) Thanks! Andy, this is a great article. I’ve been over to Olive 8 a few times and am increasingly interested in it. This article is an eye opener though. As a first time home buyer, I’m a bit clueless as to where to learn more about % homes closed in a given property etc. Where can I see reports for a given area? :)
Thanks!

]]> By: Nuez http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-11686 Nuez Sat, 15 Aug 2009 04:17:13 +0000 http://www.inspiredstartup.com/?p=211#comment-11686 Hi Andi. The information is very precise. Great work! I'm going to get a book on the topic because it left me thinking. Thanks. Hi Andi. The information is very precise. Great work!
I’m going to get a book on the topic because it left me thinking. Thanks.

]]> By: dte23 http://www.inspiredstartup.com/my-23750-mistake-at-olive-8/comment-page-1/#comment-11525 dte23 Mon, 27 Jul 2009 22:54:48 +0000 http://www.inspiredstartup.com/?p=211#comment-11525 Before you state that these lawsuits are frivolous you should check your facts or just not comment at all. My situation had to due with obvious forgery on my contract and have been attempting to cancel my contract for several months now so my only recourse is to go after the Williams Marketing with in attorney in tow. You may have the disposable income to walk away from $20K but to others $20k can be a lot of money. Did you buy or walk awya from this deal? Before you state that these lawsuits are frivolous you should check your facts or just not comment at all. My situation had to due with obvious forgery on my contract and have been attempting to cancel my contract for several months now so my only recourse is to go after the Williams Marketing with in attorney in tow. You may have the disposable income to walk away from $20K but to others $20k can be a lot of money. Did you buy or walk awya from this deal?

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