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.

4 responses to “Weekly Twitter Digest (Link Roundup) for 2012-12-21”

  1. Kary L. Krismer

    Thank you for the piece exposing the Case-Shiller nonsense. I’ve always been skeptical of their long term charts.

    http://raincityguide.com/2008/02/02/pondering-the-2008-rmbs-vintage/

    Case-Shiller over time is just a joke. Purporting to go back to 1890 or whatever–the assumptions they make to do that detemines the results they get. Different assumptions, different graph. Not to mention that absent going into the house at each point of sale, they don’t know squat (even how many bathrooms the house really has). Case-Shiler over time is like Zillow.

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  2. Kary L. Krismer

    Harney piece on confusing/conflicting polling on changing the mortgage interest deduction.

    http://seattletimes.com/html/homesrealestate/2019930675_harney23xml.html

    Not that interesting, but he mentions that deducting real estate taxes is also on the table. I’d not been following that closely enough to notice that before, but that adds an interesting dynamic. In the past Washington has sometimes been screwed because state income taxes were deductible, but not state sales taxes. That change happened because only a few states rely primarily on sales tax, so it was easy to get through Congress.

    If they limit the deduction of real estate taxes, those states with high real estate taxes will be screwed, so it sets up yet another geographic element to the issue (the other geographic element being high priced areas like California, which get most the benefit of the deduction.) Perhaps that suggests that changing the MID might not be as difficult as some think, especially after several years of low interest rates.

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  3. AnonymousE

    What are the implications – good and bad – of an increasing share of investor-driven purchases of non-distressed properties?

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  4. whatsmyname

    By AnonymousE @ 3:

    What are the implications – good and bad – of an increasing share of investor-driven purchases of non-distressed properties?

    More houses for you to rent. Decreasing pressure on rents.
    Less houses for you to buy. Increasing pressure on prices.

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