Posted by: Timothy Ellis (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.

16 responses to “Weekly Twitter Digest (Link Roundup) for 2009-09-26”

  1. softwarengineer

    Wash St is Better than S. Carolina says Forbes for Business

    Tim’s Twitter Boeing Article in part:

    “….While South Carolina was slightly ahead of Washington in business costs, Washington led in a variety of categories including the labor and regulatory environment, economic climate, growth prospects and quality of life….”

    Do you really think Boeing gives a “rat’s behind” about anything besides business costs? Forbes better put the pipe down.

    I cancelled my Forbes subsciption years ago….all it was was globalist tripe.

    Good News for Seattle: the 737 and 777 tooling is bolted to the factory floor and hopefully way too expensive to move….LOL

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  2. David Losh

    The NWMLS link back to Marlow’s site is a concern to me. I remember at the meet up when I asked Tim why he wasn’t a member of the NWMLS he said it may prohibit him from his activities. I think that would be very true now with these rule changes.
    I also noticed when Zillow left the NWMLS and now see that they were a focus of the rule change. I do think this will change things a lot for Real Estate in the State of Washington.

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  3. Kary L. Krismer

    I think the NWMLS rules open things up. As it was, agents couldn’t blog about any listings–or at the very least had to be careful what they said. Now the listing agent can choose to allow blogging. I’m not sure why anyone would do that, but it does give the listing agent the choice, rather than an absolute prohibition.

    Also, even with the rule change an agent would need to be very careful, creating a PDF of the agent detail report to prove that it said they could blog prior to blogging at all.

    Overall I really don’t see the point of this rule. I doubt it will change much of anything.

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  4. 3rd Generation

    What happened to the Luzon hisoric building this week (as linked here last week)?

    I unfortunately ‘live’ in Calif. and I couldn’t find anything on the net? Anyone heard? Thanks.

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  5. David Losh

    RE: Kary L. Krismer @ 3

    Marlow chose not to put in my comment and was certainly very formal with you Mr. Krismer. The change that was explained to me had to do with the IDX feeds.

    I have a site to launch called BuyingSeattle which is a companion to my fixerfixer blog. It would be a place where people can put a property that would be fixer material and a resource list to fix it.

    Now in order to have a discussion I would be monitoring the listings to check the paper work. It really kind of sucks, but I’m not sure how much.

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  6. Kary L. Krismer

    RE: David Losh @ 5 – How is what you’re doing any different than what Redfin did to get fined $25,000.00? (Other than perhaps yours is a much more specific purpose.)

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  7. David Losh

    RE: Kary L. Krismer @ 6

    As I understand it that wasn’t the nature of the fine. They were advertising other people’s listings without permission. When I think about it though this new rule wouldn’t apply as long as agents chose to include a listing. The real problem is the consumers who may find what they think is a deal and can not talk about the property, or as an agent I can’t let them talk about the property on my site. I can send back my license or sell the concept.

    Either way this rule will back fire the way many of the new rules have back fired. The market place needs equilibrium as well as stability. In my opinion the attack of the Multiple is on the transparency. Maybe it makes no difference, but it feels creepy.

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  8. Kary L. Krismer

    RE: David Losh @ 7 – Read comment 9 here, by Glenn: http://forums.redfin.com/rf/board/message?board.id=Seattle&message.id=2076

    Per that, it was blogging about open houses.

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  9. David Losh

    RE: Kary L. Krismer @ 8

    Glenn was less than forth coming as usual.

    On the open thread a consumer, I assume it’s a consumer because they are anonymous asked about a specific listing they found on redfin. i commented about the listing. Will I be in violation of the new rule? That’s the question I’ll be asking in the morning. In my opinion I should be able to express my opinions about a property both good or bad.

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  10. Kary L. Krismer

    RE: David Losh @ 9 – We had a thread a few month ago someone started here where someone was commenting on the price an agent listed a house at. I was very careful not to comment specifically about the house, but instead to comment on pricing in general.

    Saying things on public websites is a step removed from saying something in private to your client about a listing. Hosting the website where people are saying things about listings takes another step the wrong direction. It gets so close to advertising the listing that it’s indistinguishable from advertising the listing. I think that’s where Redfin might have been, but something this new rule opens up as to certain listings (although probably very few listings).

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  11. David Losh

    RE: Kary L. Krismer @ 10

    Well the problem is the transparency. I have never liked the term, but today there are some very specific issues with properties that in my opnion should be explored. There is no other way.

    On another Real Estate blog an agent is talking about having an informed client base and how much better that is. If we all keep talking in general, which we do, the public gets confused. If we don’t give concrete examples from today many points are lost.

    I am trying to decide if blogging and an internet based business is more profitable than having a Real Estate license. There again having access to the information and data provided by the NWMLS is a great thing.

    Either way this new rule changes how blogging will be done. Ultimately I think the consumer will be more influenced by hype. I hate to say this, but there are many agents who either don’t know or don’t care if the information they give about a listing is true. Some agents and a very few lie about listings.

    I think consumers and agents who chose to risk thier reputation, like myself, should be allowed to engage in open and fair discussions. In my opinion it’s beneficial to the public and the Real Estate community.

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  12. AMS

    RE: Kary L. Krismer @ 10 – This is at issue in the Open Thread. I don’t mind discussing something that is clearly very public, such as public records. I also don’t mind discussing properties that have been made very public or have public concern, such as the Luzon building. When it comes to discussing a specific property and trying to price it in a public forum, I’m out. When WaMu’s former President’s home went on the market, that’s such a large part of public concern that I don’t mind discussing pricing. In fact, I suggested he was very “optimistic” (unrealistic?) about his pricing.

    To be honest, I don’t think it’s good policy for an agent to discuss anything but the current asking price in a public forum, and as a sales agent, one should represent the seller.

    Part of what is at issue is the greater access to public data. Sure people could go down and get the information in the past, but structurally information was restricted. The rise of the Internet has changed that, and now we must struggle with these information issues.

    I will note, however, that price fixing is another problem.

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  13. AMS

    RE: David Losh @ 11 – I’ll get specific, since you made it public; I very much doubt that you have a business model that will make a significant sum of money blogging. I do not doubt, however, that the small amount of money is better than how much you would make in the real estate industry. Again, you have placed all of this in a public forum.

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  14. David Losh

    RE: AMS @ 13

    You’re right I always do.

    This blog is a great place to learn. Sniglet is a great example of an opinion that is extremely important to the Real Estate industry. Deflation as a theory that was completely foriegn to me before I began reading his comments and blog. There are some things there that I agree with.

    Any one commenting here for a long time will tell you my opinions have changed dramatically over the past two years. That’s what an exchange of information can do. On the other hand many sites want to sell me something. Many sites want to hype mortgages and Real Estate prices.

    We’ll see what the future will bring.

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  15. Kary L. Krismer

    RE: AMS @ 12 – And the thing is, there’s nothing that keeps Tim or other people here who are not agents from making such specific comments. The rules only apply to members of the NWMLS.

    I don’t have a big problem with it. As a lawyer I’m limited in what I can say about other lawyers or judges. It is a bit one-sided though, in that positive comments are unlikely to get you in trouble.

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  16. Can the NWMLS Control Online Conversations About Listings? | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.

    [...] linked this up last week on the Twitter account, but the story has been getting enough chit chat online in the last few days [...]

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