Why we are behind the curve
I know we have gone over how Seattle is behind the national movement in real estate, and I pretty much agree. I was just wondering if someone had postulated some theories on why.
I seem to remember one theory was that it took us longer to recover from the tech bubble so we were slower to jump into housing. Were there any others, or a better breakdown then just the idea (you know how we loves stats around here).
Maybe The Tim had a post on it and I just need to be linked to it.
I seem to remember one theory was that it took us longer to recover from the tech bubble so we were slower to jump into housing. Were there any others, or a better breakdown then just the idea (you know how we loves stats around here).
Maybe The Tim had a post on it and I just need to be linked to it.
Comments
And also
http://seattlebubble.com/blog/category/ ... the-cycle/
http://seattlepi.nwsource.com/local/321 ... ing27.html
http://seattlebubble.com/blog/2006/12/1 ... time-warp/
http://seattlebubble.com/blog/2007/02/2 ... hs-behind/
Thanks.
The only post I can think of that looks into possible reasons is Deejayoh's "The Mythical Equity Locust," which explored the subject but didn't really resolve it.