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Seattle Bubble Forum Archive • View topic - The Stranger: Waking Up to Bubble?

The Stranger: Waking Up to Bubble?

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

The Stranger: Waking Up to Bubble?

Postby Denny Retrograde » Thu Jan 17, 2008 9:45 am

A post by Dominic Holden on the Stranger's blog asks, "Is Seattle's Building Boom Over?" Holden links to Seattle Bubble to exemplify those who think hell yeah. He seems to say that of course developers should keep building since they'll make lots of money no matter what.

He goes to "revered" landlord Mike Mastro, who's planning to break ground on an apartment highrise on a First Hill lot he bought--last year. Mastro says some stuff about job growth being too strong to worry about a downturn, blah blah.

Reader comments are interesting.

Denny Retrograde
Bubble Watcher
 
Posts: 33
Joined: Fri Mar 23, 2007 3:46 pm
Location: Unreconstructed Pocket of Old Belltown

Postby The Tim » Thu Jan 17, 2008 4:17 pm

Nice. I especially like the commenter that refers to me as a "non-industry blowhard." I should add that to my business card.
The Tim
Bubble Blogging Buffoon
 
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Location: Kenmore, WA

Postby Markor » Thu Jan 17, 2008 8:13 pm

Markor
Bubble Banter Boss
 
Posts: 621
Joined: Sun Jun 17, 2007 11:04 pm

Good News

Postby SeattleMoose » Sun Jan 20, 2008 12:32 pm

The only "good news" the Seattle market could get if all of a sudden, prices matched incomes. AFFORDABILTY (using real loans, not the ones that are causing our financial system to melt down) is THE biggest factor in this whole mess. And since that is not gonna happen, we are just "e pluribus unum" with respect to the bubble and the inevitable outcome.
SeattleMoose
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