Seattle Bubble

This is your open thread for today. Please post random links and off-topic discussions here.

This is your open thread for the weekend. Please post random links and off-topic discussions here.

This is your open thread for today. Please post random links and off-topic discussions here.

Here’s a random little snippet of my own. Seen on the Craigslist forums last week:

Over the long weekend, one of the people I was camping with is an Escrow officer on the Eastside.

I asked her a few questions about how business has been - she’d been working 65 hrs a week lately. Then I posed a question about what percent of the loans were fixed rate, she chuckled and replied "ZERO! I haven’t seen one in months."

Granted, this is only one office but they deal exclusively with Seattle area properties.

The most popular loan? Option Arms with initial rates under 2%.

Apparently she’s seeing alot of Cali equity refugees buying up cash flow negative rental properties in this area. And in her opinion, the party is far from over.

Party on.

This is your open thread for today. Please post random links and off-topic discussions here.

After giving it some more thought, I think I may only post a new “open thread” once every few days, or after the comments reach 100 or something like that. Feel free to share your thoughts on the best frequency for open threads in this open thread.