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Do not attempt to compete with Pinboard. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

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    Pinboard‏ @Pinboard Oct 14

    Something I learned recently is that in parts of the US, the main brake on the real estate bubble is the fact that title companies are backed up and it now takes four months or more to close a sale. Does anyone know more about this, anecdotally or real fancy-like with data?

    4:04 PM - 14 Oct 2021
    • 3 Retweets
    • 34 Likes
    • doitninetimes James Bradbury Hazel Gold 💉 Jakub G M.E. Aplet EternalMauve Robert Marchini Eli Courtwright серафими многоꙮчитїи
    11 replies 3 retweets 34 likes
      1. Pinboard‏ @Pinboard Oct 14

        (If you don't know American real estate, a title company is an intermediary that makes sure the title is clean, surveys the property, offers insurance against title drama, may offer financing on the sale, does escrow, and gives you a room with lawyers to sign final papers in)

        0 replies 2 retweets 14 likes
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      1. Tyson‏ @rad_fax Oct 14
        Replying to @Pinboard

        I just closed on a new house in Oregon and it was fine. Normal 30 day close, everything went smoothly, etc.

        0 replies 0 retweets 1 like
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      2. crankycatcoder‏ @crankycatcoder Oct 14
        Replying to @Pinboard

        I'm currently closing one in two weeks, so I really doubt this is true.

        1 reply 0 retweets 2 likes
      3. Pinboard‏ @Pinboard Oct 14
        Replying to @crankycatcoder

        It's true in my neck of the woods, but we live in a big country, hence the tweet asking about it.

        0 replies 0 retweets 4 likes
      4. End of conversation
      1. Pete Keen‏ @zrail Oct 14
        Replying to @Pinboard

        We closed in normal time about a year ago but it took many months for the sale to actually get recorded by the county.

        0 replies 0 retweets 0 likes
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      1. anton_s‏ @anton_s Oct 14
        Replying to @Pinboard

        CO in June was customary 30 days.

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      2. Dr. Molitor von Math, PhD‏ @amolitor99 Oct 14
        Replying to @Pinboard

        No idea, but it's pretty funny that the long pole in the tent is the useless grift part.

        1 reply 0 retweets 1 like
      3. Dr. Molitor von Math, PhD‏ @amolitor99 Oct 14
        Replying to @amolitor99 @Pinboard

        That said I think it took a week or two to get a title company slot for a recent refi out here in the great state of Washington.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Erik H‏ @microe Oct 14
        Replying to @Pinboard

        MT August/September, 27 days, no title problems.

        0 replies 0 retweets 0 likes
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      1. Joel Gratz‏ @JoelGratz Oct 14
        Replying to @Pinboard

        So the housing market where I live is quite hot and has been for about a year+. (Madison WI). No evidence that there are closing issues but big issue is low inventory so I think that’s constrained any closing issues.

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