Seattle Bubble Forum Archive

I guess my point is that they could be another source of inflation. As they don't have to pay closing costs or get a discount or the realtor fees either. If they are bullish on the real estate market, then they just figure it's as good as a 10-20% investment for a year. I mean, look at Redfin, some of the houses around here, have gone up more that 50-60 percent in 2 years! That's outrageous.

1) Predictions for inventory in fall 2007? (and why?)

2) When does Seattle reach the magic turning point - 6 months supply +?

(condos + SFH)

Dunno, but it does seem like the seattle market is definitely behind the curve, houses ARE selling for asking price or just selling period (compared to the rest of the nation). So I think by winter actually will be the first real slowdown, right now inventory is building, yes, but houses are also selling as well, which is, to say the least, incredibly stupid. But, enclosed is a good article about the current stock market by Jim Jubak. I think similarities can be drawn between the stock market and housing, in the "people are greedy stupid pigs" sense, don't you?

Another one regarding cheap debt, sound familiar?