Smith Tower Foreclosed

In case you missed it Friday, the Smith Tower was sold (back to the bank) at foreclosure auction. Here’s KING 5’s report: Historic Smith Tower sold for $36.9 million That’s what happens when you make a big public announcement about intentions to convert to condos, scaring away all your good tenants, then fail to follow […]

Buyer’s Market? Seller’s Market? Neither, Really.

I had another brief appearance on KING 5 News tonight. Here’s the video: It’s a great time to be a seller… if you can afford to sell at today’s prices. And it’s a great time to be a buyer… if you can be really patient and are willing to tolerate being out-bid numerous times if […]

KUOW on Low Inventory and Over-the-Top Anecdotes

I spent some time over the last week working with KUOW’s Deborah Wang on a story about what’s going on right now in Seattle’s real estate market that aired yesterday morning: Seattle Home Buyers Beware: It’s a Seller’s Market Again http://seattlebubble.com/blog/wp-content/uploads/2012/03/KUOW-2012-03-15.mp3 If you’re looking for evidence of a real estate comeback, just check out any […]

Even More Delightful NAR Propaganda

An instant classic: This video brings up a number of questions: Who is this nebulous evil entity that is “threatening the dream of home ownership”? How does a moving van across the street mean that my grandkid won’t be able to buy a home? Wouldn’t it put many NAR members out of business if everyone […]

True-to-Life Housing Bubble Monopoly Remake

My brother-in-law pointed me toward this segment of The Colbert Report that aired back on August 3rd. I hadn’t seen it yet, and since I got a laugh out of it I thought was worth sharing here: *Video: colbert report – new monopoly You can watch the entire segment on the Colbert Nation site, but […]

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The Return of the Pink Pony!

So I’ve spent most of this weekend attending the Penny Arcade Expo (PAX) at the Washington State Convention Center downtown. Yesterday there was a sight on Pike street that was just too good not to share with you: The pink pony has returned to Seattle! I swear I had nothing to do with this. Turns […]