Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

6 responses

  1. Hey I’m First?!

    Ok, I know I have been sarcastic in the past but please humor me and tell what y’all think of this notion/myth:

    “Real Estate doubles every decade.” I say, NOT. Go ahead, take an RE price from 10 years ago and compound it 10 times at the rate of 1.04 (that is for 4% inflation, which is being very kind as inflation has usually been much lower than 4%). We seem to get both statesments: “RE doubles every….” and “RE appreciation correlates with inflation….” You can’t have both. As I say, being generous, using the 4% per year compounded over 10 years yields appreciation in the neighborhood of 33%. Thoughts? With prices in the Seattle area more than double of any previous 10 year period we are obviously still in the high bubble range.

  2. By the way, Thanks Estately! And you have a very nice site.

  3. What do the first three colums of the inventory data represent?

  4. We got a buyer from Estately…Or at least thats what I got on the referral point. We always ask how did you hear of us? Mostly word of mouth, Home Shows, Comcast commercials, listings, and of course The Bubble. Now, we add Estately. I will check the site out when I get home. Galen…. 3 referrals you earn THE NEW 500 Shirt! They don’t need to Buy from us. Only be educated! The new shirts are MUCH more APPARENT and can enhance anyones appearance 10 fold!

  5. Ray Pepper,

    What is wrong with you?

  6. Hmmmm. Great question. Lets see… So many ways to go with this. 10 years of being a nurse at Madigan led to my social unrest! Yes, thats it! Oh also my disdain in life for “dont ask dont tell” ” and the 3-6% insanity to sell a home” and a variety of other causes that must be stopped.

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