Seattle Bubble

The following quote from yet another boring article about condos caught my attention due to its absurdity:
Prices range from about $219,000 for a studio up to just over $400,000 for a two-bedroom condo. Gamel touted Sapphire’s finishes and amenities, proximity to Green Lake and downtown, and Greenwood itself.…Sapphire’s price, the fact that it’s new, rather [...]

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I caught a press release this morning in my inbox for something called the Parade of Affordable Homes:
The Parade of Affordable Homes(SM) event is designed to be both fun and educational for those contemplating homeownership for the first time. This event is free and open to the public and organizers encourage you to visit http://www.affordablehomeparade.org/ [...]

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Much has been made of Seattle’s continued resilience in the face of the national downturn in housing prices. However, the bear comeback to this type of cheerleading is the argument that Seattle is simply late to the party and will eventually see declines of its own as well.
In order to test how well the [...]

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Maybe I’m just in a “mood” this morning, but this story in today’s Tacoma News Tribune really cracked me up.
A morning of housing pep talks greeted builders, real estate agents and government folks Thursday: Build green. Be brave. If Coeur d’Alene, Idaho, can go urban, so can you.Economist Glenn Crellin, director of the Washington Center [...]

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Since I am not willing to fork over $10 just to have a bunch of condo hucksters throw advertising pamphlets at me, and because I can think of much better ways to spend my time (especially on my birthday), I did not attend the Seattle Condo Expo over the weekend. However, from the sound [...]

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A few days ago I received an email from Steve Tytler, a name you may recognize as the occasional real estate columnist for the Everett Herald. Despite the fact that Mr. Tytler owns a local mortgage company, he has been the only voice in the local media to predict that for-sale inventory would increase [...]

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