Seattle Bubble

Seriously. What the hell.
August 9, 2007 - Bush: No bailout for pinched homeowners
President Bush said Thursday concern should be shown those who’ve lost their homes but it’s not the federal government’s job to bail them out.
“Obviously anybody who loses their home is somebody with whom we must show an enormous empathy,” Bush said. Asked [...]

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By popular request, here is a version of yesterday’s graph that includes all 20 cities tracked by Case-Shiller, with no time-shifting monkey business going on. Click the image for a super-sized version.
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When I look at the graph, I see that Seattle and Portland—for whatever reason—seem to have arrived at the appreciation-spike party [...]

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As many of you have already noticed, the latest Case-Shiller data (June) has been released. Here’s an update of the graph I’ve been keeping of the west coast cities:
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For those that are into this sort of thing, here’s what Aubrey Cohen over at the Seattle P-I had to say about the latest [...]

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I’m weary of hearing that the sub-prime market is or was a small portion of the pie in the Puget Sound Region. Certainly, there are many prime conventional loans that were made. But the idea that the originations of sub-prime loans being reduced or eliminated will have a less than meaningful impact is [...]

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I won’t have a chance to make a substantial post today until later tonight. When I do, it will probably on the latest Case-Shiller data. But until then, enjoy this open thread.
FYI, a few people have been asking “I don’t get it, what’s the deal with pink ponies?” As an answer to [...]

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I just happen to look up at the ticker when I was in Times Square about a week or so ago (8/17) after a quick subway train ride up from Wall Street. Then shortly after, the following message in the picture below showed and I quickly took a shot of it. [...]

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