Comments on: "Seattle…likely not facing a housing bubble." http://seattlebubble.com/blog/2005/08/19/seattlelikely-not-facing-a-housing-bubble/ local real estate news, statistics, and commentary without the sales spin. Fri, 19 Mar 2010 18:47:50 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Anonymoushttp://seattlebubble.com/blog/2005/08/19/seattlelikely-not-facing-a-housing-bubble/#comment-25 Anonymous Sat, 20 Aug 2005 05:05:53 +0000 http://seattlebubble.com/blog/?p=19#comment-25 Well it is certainly true that California is just another "victim" of Greenspan's easy money. I was using it due to the size of its economy, proximity and ties with Washington and yes, its role as a trend setter.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('25','Anonymous',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('25','Anonymous','Well it is certainly true that California is just another \"victim\" of Greenspan\'s easy money. I was using it due to the size of its economy, proximity and ties with Washington and yes, its role as a trend setter.',''); return false;">Quote</a></div> Well it is certainly true that California is just another “victim” of Greenspan’s easy money. I was using it due to the size of its economy, proximity and ties with Washington and yes, its role as a trend setter.
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]]> By: marin_explorerhttp://seattlebubble.com/blog/2005/08/19/seattlelikely-not-facing-a-housing-bubble/#comment-24 marin_explorer Sat, 20 Aug 2005 04:30:30 +0000 http://seattlebubble.com/blog/?p=19#comment-24 <i>Will it be when California deflates and does damage to the US economy? </i><br/><br/>Say, let's not hang this problem on California. I know it's easy to do, but it's happening everywhere in the US--and CA investors are not only to blame. The causes are global, but we'll all feel it locally.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('24','marin_explorer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('24','marin_explorer','<i>Will it be when California deflates and does damage to the US economy? <\/i><br\/><br\/>Say, let\'s not hang this problem on California. I know it\'s easy to do, but it\'s happening everywhere in the US--and CA investors are not only to blame. The causes are global, but we\'ll all feel it locally.',''); return false;">Quote</a></div> Will it be when California deflates and does damage to the US economy?

Say, let’s not hang this problem on California. I know it’s easy to do, but it’s happening everywhere in the US–and CA investors are not only to blame. The causes are global, but we’ll all feel it locally.

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]]> By: Anonymoushttp://seattlebubble.com/blog/2005/08/19/seattlelikely-not-facing-a-housing-bubble/#comment-23 Anonymous Sat, 20 Aug 2005 02:03:52 +0000 http://seattlebubble.com/blog/?p=19#comment-23 It would appear from all indications that we are close to the edge. The question is what deflates the bubble in this region and how fast. <br/><br/>Will it be when California deflates and does damage to the US economy? The result of oil prices that keep rising? Slowdown in international shipping through the Puget Sound due to the rising Yuan? How about a sudden exogenous event-- AQ suicide bombers in shopping malls, a large earthquake, Mt. Rainier popping its cork. <br/><br/>When everything is going up, it's hard to remember that trees don't grow to the sky--even in paradise.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('23','Anonymous',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('23','Anonymous','It would appear from all indications that we are close to the edge. The question is what deflates the bubble in this region and how fast. <br\/><br\/>Will it be when California deflates and does damage to the US economy? The result of oil prices that keep rising? Slowdown in international shipping through the Puget Sound due to the rising Yuan? How about a sudden exogenous event-- AQ suicide bombers in shopping malls, a large earthquake, Mt. Rainier popping its cork. <br\/><br\/>When everything is going up, it\'s hard to remember that trees don\'t grow to the sky--even in paradise.',''); return false;">Quote</a></div> It would appear from all indications that we are close to the edge. The question is what deflates the bubble in this region and how fast.

Will it be when California deflates and does damage to the US economy? The result of oil prices that keep rising? Slowdown in international shipping through the Puget Sound due to the rising Yuan? How about a sudden exogenous event– AQ suicide bombers in shopping malls, a large earthquake, Mt. Rainier popping its cork.

When everything is going up, it’s hard to remember that trees don’t grow to the sky–even in paradise.

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]]> By: Marinitehttp://seattlebubble.com/blog/2005/08/19/seattlelikely-not-facing-a-housing-bubble/#comment-22 Marinite Fri, 19 Aug 2005 23:21:58 +0000 http://seattlebubble.com/blog/?p=19#comment-22 On the other hand, just to play Devil's advocate for a moment, Microsoft is hiring like mad recently. That should bolster demand, at least for a while<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('22','Marinite',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('22','Marinite','On the other hand, just to play Devil\'s advocate for a moment, Microsoft is hiring like mad recently. That should bolster demand, at least for a while',''); return false;">Quote</a></div> On the other hand, just to play Devil’s advocate for a moment, Microsoft is hiring like mad recently. That should bolster demand, at least for a while
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]]> By: marin_explorerhttp://seattlebubble.com/blog/2005/08/19/seattlelikely-not-facing-a-housing-bubble/#comment-20 marin_explorer Fri, 19 Aug 2005 15:34:47 +0000 http://seattlebubble.com/blog/?p=19#comment-20 I read the report, and found it to be a conservative assesment. What's hidden in the report is that distinct locations have most likely appreciated much higher. The same goes for housing segments with more investor activity. While I don't live in Seattle any more, I visited it recently, and it seems that certain areas are definitely affected. This "there is no bubble" nonsense is a common theme in areas that consider themselves "unique" to the market. Just take a look at how a Santa Barbara realtor sees her town, which incidentally is the named the most overvalued in that report: http://tinyurl.com/7ubtt<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('20','marin_explorer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('20','marin_explorer','I read the report, and found it to be a conservative assesment. What\'s hidden in the report is that distinct locations have most likely appreciated much higher. The same goes for housing segments with more investor activity. While I don\'t live in Seattle any more, I visited it recently, and it seems that certain areas are definitely affected. This \"there is no bubble\" nonsense is a common theme in areas that consider themselves \"unique\" to the market. Just take a look at how a Santa Barbara realtor sees her town, which incidentally is the named the most overvalued in that report: http:\/\/tinyurl.com\/7ubtt',''); return false;">Quote</a></div> I read the report, and found it to be a conservative assesment. What’s hidden in the report is that distinct locations have most likely appreciated much higher. The same goes for housing segments with more investor activity. While I don’t live in Seattle any more, I visited it recently, and it seems that certain areas are definitely affected. This “there is no bubble” nonsense is a common theme in areas that consider themselves “unique” to the market. Just take a look at how a Santa Barbara realtor sees her town, which incidentally is the named the most overvalued in that report: http://tinyurl.com/7ubtt
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