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.

17 responses to “I’d like to thank the academy…”

  1. johnnybigspenda

    Winning!

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  2. Angie

    winning!

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  3. Scotsman

    The Tim, where he belongs, running with the big dogs. . .

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  4. Ray Pepper

    I said it before you are THE KING. Heck you even made it in the PSBJ: http://www.bizjournals.com/seattle/blog/2011/05/seattle-area-housing-market-at-bottom.html?page=all

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  5. deejayoh

    RE: The Tim @ 2 – OMG. I am gonna laugh about that one for a while

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  6. Lo Ball Jones

    Like I was saying…Auburn

    http://www.redfin.com/WA/Auburn/223-16th-St-SE-98002/home/214310

    $94,900
    Auburn, WA 98002
    Beds: 2

    “Great commuter location. Close To freeways, bus, & Sounder. Spacious kitchen has been updated with new cabinets, countertops, Pergo floors, eating bar, and stainless steel appliances”

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  7. Kary L. Krismer

    RE: Lo Ball Jones @ 7
    By Lo Ball Jones @ 26:

    That house would sell for $90,000 in Auburn.

    Yep, that house and Tim’s house are exactly alike, except for the location. Well, location, size of house, number of bathrooms, number of bedrooms, size of lot, quality of kitchen, house style, quality of rest of the house, etc. Except for those things, it’s exactly alike.

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  8. Lo Ball Jones

    RE: Kary L. Krismer @ 8

    Ok. I hear you.

    But the real question is…would he or someone like him be just as happy?

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  9. Kary L. Krismer

    RE: Lo Ball Jones @ 9 – It depends on what they want. For example, Tim probably only needs the extra bathroom right now for resale considerations (that and the wild home warming party where he’s going make a Charlie Sheen party look mild). If it were me the kitchen wouldn’t be that important, but the exposed wood would be. Other people would be the reverse. Similarly, some people would prefer the one story style and some the two story style. If commuting by train were important, I’d much rather do it from the south, because the north gets shut down by mudslides too frequently.

    But the point is, that same house in Auburn wouldn’t sell for what you claimed. This is a closer comp, but still doesn’t have more than one bath, the same quality kitchen or the exposed wood (what I was referencing with quality of the other house), and it sold for $180,000 in March.

    http://www.redfin.com/WA/Auburn/312-F-St-SE-98002/home/218499

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  10. Rhonda Porter

    “location location location”

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  11. Jonness

    Now if we could just convince John L. Scott to use Tim as an example of how to buy a personal residence.

    1) Intensely study the housing market for a minimum of 5 years.
    2) Put a minimum of 20% down.
    3) Buy a home way beneath your means.
    4) Use a discount RE service to handle transaction.
    5) Expect future depreciation.
    6) Understand so much about the process by the time you buy that you can take your pick of any RE job in the industry. :)

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  12. Jonness

    And wouldn’t you just know it? Charlie listed his home at a bubble fantasy price. But don’t worry. If you can afford to pay $75K/yr in property taxes on a $5.8 million assessment, you can probably afford Charlie’s price.

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  13. Kary L. Krismer

    RE: Jonness @ 14 – But he’s leaving the drug and porn collection.

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  14. Peter Witting

    Of those three houses, Tim, I like yours far and away more than the others. Tim wins the internet!

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  15. Still Anonymous

    Tim, you deserve credit for putting your money where your mouth is…in this case, making your purchase publicly known for analysis. You stuck to your guns and educated us to boot. (Cue Sinatra’s “My Way.”)

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