RE: Kary L. Krismer @ 26 –
Kary, it probably could have an effect, much like the fresh baked cookies smell in a house. Creating positive reactions on a subliminal level. Of course, ephemeral aspects of a house should be ignored in a rational, logical purchasing decision, but most people aren’t rational or logical.

Well some of that shouldn’t be ignored. For example, my first condo I noticed the units were a lot warmer on the west side than the east side, so I bought on the east.

I am so entertained when I read this blog. Other than a handful of insightful contributors the vast majority are simply negative beyond belief and it just cracks me up. Of course the negative ones will say they are just being realistic. They say just facts and look at the graphs. Listen to so and so¦ Whatever

Then post a counter-point. Prove Tim wrong. Influence me with statistics that say Puget Sound housing prices are at normal levels. Put up or shut up, eh?

I’m not suggesting it would cause sales to decline, but instead that it would make certain properties (the hot ones) more difficult to sell, and others (shaded or with A/C) more likely to sell.

RE: NoMoreWork @ 3 –

Here’s my prediction:

“August’s pleasant weather in the mid 70’s was simply too “just right” for several showings and open houses, as brokers and agents said buyers and sellers postponed tours, saying they wanted to enjoy the nice weather while it lasted.”

I suppose, however in 102 degree weather it was even too hot to sit by the pool.

Here’s my prediction:

“August’s pleasant weather in the mid 70’s was simply too “just right” for several showings and open houses, as brokers and agents said buyers and sellers postponed tours, saying they wanted to enjoy the nice weather while it lasted.”

The reality- we are so screwed, already in a deep hole, and everyone just keeps digging, because that’s all they know how to do.

Scotty- beam me up. There is no intelligent life on this planet.

Not me, baby! The bottom is in! Let’s go buy a house, or three or four so we can have some rentals. Real estate doubles every 10 years, so in three years or so we should have some equity to buy a couple more, and in six years we can do it again. Ten years from now… retirement! We’ll be RICH!

You in? ……. Hello? Hey, where’d he go…? Hello? Sheesh.

Yeah that should be water locked.

The one I like about Seattle is that we are land locked so the prices are higher.

That must be a different definition of “land locked” than I am used to!

RE: Racket @ 13 –

Before you go spouting negative untruths, please look it up on Google first

/

In the middle of the desert?

Wow you really one upped me there.

Do a google map search of those places. Have you seen what they pay for water in those areas. Its rationed in most of those desert cities.

Also have you seen the price of goods in Australia vs. US.

Here’s a reality check for you. Home prices double every seven years, or is it ten, or is it that people move every three years, or is it seven. Real Estate is about supply and demand. The one I like about Seattle is that we are land locked so the prices are higher. Never mind the I5 corridor, or that we are the only metropolitan area I can think of the shuns development close to the air port. No we need a Light Rail Transit to the air port so people don’t need to live there. How about that interest rates are low so you can afford to spend more. My personal favorite is that Real Estate is worth what a buyer is willing to pay for it. Isn’t it? Isn’t it all true? Or is Real estate based on a highly rational, income based, formula?

Prices are too high.

It took a gosh darn kid, with an electrical engineering degree, who doesn’t even own a house, to point that out.

Its just the opposite

Tim’s trolls are the interesting ones to read….we don’t get them much anymore, I wonder why?

Its always interesting to hear their convoluted lack of common sense logic , lack of good data and/or shameless name calling [in hopelessness] Tim’s trolls hand out….it makes me smile :-)

Please come back trolls, the bubble heads need a laugh. LOL

Before you go spouting negative untruths, please look it up on Google first

Australia homes go as low as $50K each and prices include big land lots too :-)

See the proof:

http://www.propertyoptionsblog.com.au/tag/best-places-to-buy/

The last few years has pretty much been shooting fish in a barrel for us prudent bears. I’d say swinging at a softball connotes way too much effort.

Wellllll…..that would put a damper on Seattle RE prices and the short term price collapses would be chronic, most likely for years….but you need a rosy economy Obama smile on your face and think “change”. In the end, we’d recover like Australia and be immune from the recession. See the proof:

.

Wow a country of 10X smaller population wise of the USA that has much lower overhead it surviving the rescession?

Have you even looked at real estate prices in Sydney? $500k USD for a mediocre 2 bedroom condo, in a city of 4 million people. Roughly 1/2 the size of the Chicago metro area.

I am really not sure what your point is. Mortgages are harder to get, and everything is just as expensive.

I enjoy watching Tim tee up those negative softballs so his followers can hit em’ out of the park and offend a few people along the way. Even if there is a hint of positive news he likes to “ya-but” everything.

It is a bad soap opera, but man it is addictive! Keep the glass half empty boys…

Dr. Roubini mentioned today that Australia’s economy is weathering the recession well. How have they done it you ask?

Its called going back to “cash and carry” home financing….say, about 7% interest on a maximum 6 yr fixed loan…LOL

See the proof:

http://www.australianpropertyinvestor.com/public/121.cfm

Wellllll…..that would put a damper on Seattle RE prices and the short term price collapses would be chronic, most likely for years….but you need a rosy economy Obama smile on your face and think “change”. In the end, we’d recover like Australia and be immune from the recession. See the proof:

http://www.rgemonitor.com/roubini-monitor/257444/are_there_bright_spots_amid_the_global_recession

Annnnd…..just think of it bloggers, your 401K’s CD interest rate might actually be 5%!!!!

Hey, maybe even if the Health Reform Bill $500B butcher axe of Medicare actually occurred, the Boomers may actually even retire with the massive CD increases and open up some scarce job slots for the youth…LOL

P.S. I just heard about the $500B proposed butcher axe of Medicare due to the proposed Health Care Reform Bill by attending Congressman Reichart’s town meeting this afternoon….a very nice meeting too….informative.

Yeah we need another bunch of idiots crunching the numbers.

A Real Estate has income potential, mortgage, rental, or production, like trees, or alfalfa. Resale is speculative.

The Press Release from the North West Multiple Listing Service was sent out today to agents, so Brokers must have gotten them on Monday, or Tuesday.

I have no problem saying it is a load of carp.

It’s embarrassing.

This is where lying with statistics comes in.

Yes, it’s too bad, because those people would be able to explain to these journalists things like the interactions between changes in supply, demand, and prices. Then, instead of journalists spouting numbers they don’t understand to readers who also don’t understand them – we could have some articles which help to actually explain the significance (or lack thereof) of this quantitative data.

At the very least, we’d have some alternative quoted opinions to temper the unmitigated optimism of those who have an interest in the upward manipulation of perceptions and expectations.

In a news release accompanying the report, listing service members said July’s weather curtailed potential sales, because people found it too hot to look at homes.

Who are these people? Goldilocks? Last month was too hot to buy houses, next month is too cold, but this month is just right!