The Stranger: Waking Up to Bubble?

[Denny Retrograde]

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.

[The Tim]

Nice. I especially like the commenter that refers to me as a "non-industry blowhard." I should add that to my business card.

[Markor]

[SeattleMoose]

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.