Seattle Bubble

One of the arguments often discussed with respect to the housing bubble is the fact that the ratio of prices to rents has been fairly consistent on a historical basis, but that this ratio has been blown out in the past few years as home prices have shot up. Indeed, this can be seen [...]

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As the flying party that is the debt-fed US economy and the super-special Seattle housing market experience more and more turbulence, I feel that the following quote from Douglas Adams’ novel Life, The Universe, and Everything (third book of five in the must-read Hitchhiker’s Guide to the Galaxy trilogy) is even more pertinent than it [...]

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Since I was on KING 5 News last night and KOMO 1000 radio this morning*, I thought it would be good to write up a slightly more detailed post aimed at answering the question: “What is Seattle Bubble about?” So, here’s a summary of the important points.
The Bottom Line: Now is not a good [...]

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I ran across this very interesting analysis of the California real estate market by Goldman Sachs this weekend (PDF alert!). It is the author’s contention that in the past, changes real estate prices could be explained by two factors: disposable income and interest rates. They then go on to demonstrate, as [...]

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Rather than place a lengthy remark, I thought I’d place it as a post. Hope you don’t mind. I’m going to type as I think, so I get a free pass on typo’s.
Regarding the Steve Tytler’s Everett Herald piece:
Steve & fellow bubble believers,
In the spirit of your article, I don’t disagree with your [...]

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Forbes just loves to frame their articles around lists. You may recall Seattle showing up frequently on previous such real-estate-related lists, such as Best Places to Flip a Home (#1), Richest Cities In The U.S. (#8), Best Cities For Jobs (#34), and Most Overpriced Places In The U.S. 2005 (#1). Well, lucky us, [...]

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