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.

12 responses to “Reporting Roundup: Unique Greedy Frenzy Edition”

  1. softwarengineer

    Great Pragmatism Tim

    Yes…..its rainy outside, but that doesn’t always mean its not sunny.

    Conditions set the tone, but are not always the proper trend.

    After going through the bubble, we sometimes take everything for what it tends to say [like the stores are picked clean, so there's more high priced sales if you want anything], rather than the bubble we went through destroyed a HUGE CHUNK of the principle and now the price comparison or trend tracking is more ambiguous [lacks adequate trend analysis inventory data] in comparison.

    When you make the decision of a lifetime, its definitely not a good choice to follow the lemmings over the fiscal cliff. Be patient.

    Its very similar to the stock market, the worse time to sell is when it collapses [actually, that's the best time to buy or hold on to stocks, when their price is lowest]….hold on, in a couple years your losses will likely mitigate. Think longterm, like Buffet recommends.

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  2. Erik

    I like how Rolf gave us the worst logic of why inventory is down and then said… “It all kinds of adds up.”

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  3. whatsmyname

    “Hmm, here we go again, describing “the market” as “positive,” when really it’s only positive for sellers. I had hoped that we would leave this kind of language behind with the bursting of the bubble.”

    This is good, solid, out of the box thinking, but why stop with housing? Seems like there could be a widened conversation here, perhaps incorporating the interests and expertise of various posters.

    How about the residual positive employment market?… Ample supply of labor has done wonders for making the same affordable for employers these past 4 years.

    Maybe we could prevail upon Jonness to provide some background for the positive action in today’s stock market where a late afternoon buyer was able to benefit from the 55.44 point swing in today’s DJIA.

    There’s even room for SWE; could he opine on the recent positive developments regarding overpopulation in Connecticut and Colorado?

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  4. Kary L. Krismer

    RE: whatsmyname @ 3 – How about getting away from what’s good (bad) for sellers (buyers), and focus more on what’s good for everyone?

    In 2005-2007, local sellers (and homeowners generally) thought the rising prices were good, but that eventually lead to problems. In 2008-2011 local potential buyers thought that falling prices were good, but now they’re left with little to buy. The most apt comment here was something like: “The bottom isn’t as fun as we thought it would be.”

    Perhaps steady and predictable is better for everyone! Maintaining pace with inflation would take speculation out of the game, helping keep prices moderate, and prevent the extreme cycles which lock some people into their properties.

    But there is no magic bullet for those wanting to buy a house cheap. High population centers will have higher prices, absent extreme economic turmoil.

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  5. softwarengineer

    RE: whatsmyname @ 3

    OVERPOPULATION Education Is Now Officially Politically Correct in the Public Schools

    A seven year old remarked and she learned this in a public school:

    “every 2 seconds a baby is born, but every 8 seconds someone dies”

    I’d add this is true for the world, America has the HONOR to have a 1.7 depopulation birthrate the last 3 years [it doesn't apply to us]…..of course our foreign/corporate MSM would never give us kudos for it. Our public schools will now, its changed radically.

    BTW, irrespective of our “kudo” birthrate lately our population growth in America is at an all time high. This is hogwash, how can America teach the rest of the world how to do it right, when they ruin our track record with their problem?

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  6. ray pepper

    hey…………Where is David Losh? Don’t tell me you guys chased him away…If hes gone I’m outta here….Corn Dog and Losh are the ones keeping me coming back. I can’t live on Corn Dogs alone.

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  7. Erik

    RE: ray pepper @ 6
    Yeah, Losh kept things real.

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  8. Ira Sacharoff

    I miss him too. Sure, some of his posts are off the wall/incoherent. But some of his posts are incredibly insightful, and there’s just something likable about the guy.

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  9. Flounder

    But there is no magic bullet for those wanting to buy a house cheap. High population centers will have higher prices, absent extreme economic turmoil.RE: Kary L. Krismer @ 4 -

    Yes, houses are terribly expensive in Houston.

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  10. ARDELL

    I miss David a lot. He was tired of Kary’s abuse. I don’t blame him. I hope he changes his mind and comes back, but I understand if he doesn’t.

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  11. Kary L. Krismer

    By ARDELL @ 10:

    I miss David a lot. He was tired of Kary’s abuse. I don’t blame him. I hope he changes his mind and comes back, but I understand if he doesn’t.

    Cry me a river. He repeatedly insulted me and then couldn’t stand the response. If you attack me, I attack back. The difference is what I say back hurts, because it’s true and correct.

    I seldom, if ever, attack first. Pretty simple, but neither you nor he seem to get that.

    But hey, I can understand why you miss him. He was stupid enough to believe your BS. He practically worshiped you.

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  12. Tim McB

    RE: Flounder @ 9

    When you factor in property taxes (Texas has a VERY high property tax which makes owning property quite pricey), they actually do have pretty high prices.

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