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Seattle Bubble - News & discussion about real estate & the housing bubble in the Seattle area.
 
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 Homebuilder Optimism Shattered 
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Bubble Blogging Buffoon

Joined: Sat Feb 17, 2007 6:02 pm
Posts: 790
Location: Kenmore, WA
Post Homebuilder Optimism Shattered
I've seen this billboard on southbound I-5 through Tacoma all year, and finally made sure to photograph it as we drove down to my parents' for Thanksgiving last weekend:

Image

Looks like Soundbuilt Homes was overly optimistic in their sales projections going into 2008 (by a longshot). Late November and they were nowhere near breaking out that fourth digit in the year-long "Dreams Happening" installation.

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Mon Dec 01, 2008 4:22 pm
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Bubble Banter Boss

Joined: Sun Feb 18, 2007 9:13 pm
Posts: 550
Location: Bellevue
Post Re: Homebuilder Optimism Shattered
They need an additional counter for how many of those 558 are now underwater.


Mon Dec 01, 2008 4:28 pm
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Bubble Watcher

Joined: Sat Jun 23, 2007 9:09 am
Posts: 28
Location: Seattle
Post Re: Homebuilder Optimism Shattered
Maybe that fourth slot is for a minus sign?


Tue Dec 02, 2008 12:36 pm
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Bubble Bloviator

Joined: Tue May 01, 2007 2:02 pm
Posts: 199
Location: Redmond, WA
Post Re: Homebuilder Optimism Shattered
Gee whiz you guys! It says dreams happening, NOT that they are becoming reality. And besides, it's a nominal fee to make a tiny '9' to update the year.

If they wanted to re-purpose that sign, they could use it to post the cheapest gas price at the next exit! :D

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Fighting off Affluenza on the Eastside since 1995


Tue Dec 02, 2008 10:34 pm
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Bubble Banter Boss

Joined: Sun May 20, 2007 11:40 pm
Posts: 523
Location: Bellevue
Post Re: Homebuilder Optimism Shattered
redmondjp wrote:
Gee whiz you guys! It says dreams happening, NOT that they are becoming reality.


:lol: Good point! Only 558 people in the region are dreaming of buying a new home. For everyone else, buying a new home is their nightmare.

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Tue Dec 02, 2008 10:55 pm
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Bubble Blogging Buffoon

Joined: Sat Feb 17, 2007 6:02 pm
Posts: 790
Location: Kenmore, WA
Post Re: Homebuilder Optimism Shattered
Drove by the sign again today, probably for the last time this year. The counter was up to 563.

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Mon Dec 15, 2008 5:40 pm
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