About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.


  1. 1
    T,V & Mr.B says:

    Job increases will keep Seattle immune. Look at the examples Arizona, Nevada, Utah are having great job growth exceeding 3% and California and Florida are the two states adding the most jobs in 2007. Just look at their housing market…booming!

  2. 2
    Grivetti says:

    Well, it looks like I’ve found the reason for the lack of ‘Shug comments as of late… zillow’s bringin’ the pain to his little slice of paradise there in Ballard…

    12/06 503K
    1/07 496K

    Around a ~7K haircut in little under a month. That’s gotta hurt.

  3. 3
    T,V & Mr.B says:

    Man, I sure am curious as to what was said on those comments that are deleted.

  4. 4
    Grivetti says:

    If you must know t,v & mr.b…

    After parusing ‘Seattlest’ condo blurb, I came across TheTim’s protest comment, and as courtesy deleted my comment that referenced said article..

  5. 5
    T,V & Mr.B says:

    Darn, I thought it was something demeaning from shug directed at you. thank

  6. 6
    The Tim says:


    I wouldn’t call it a “protest comment.” I was just pointing out the interesting similarities between the two posts. I’m assuming that it was just a coincidence, and Michael came up with the same ideas as me independently.

    Here’s the link.

  7. 7
    Nolaguy says:

    I saw a post on RCG, where the author stated that one of her favorite things about Seattle was the great weather from April/May to October.

    IMO, the weather doesn’t really get consistently good here until late June. It sometimes can last until October, but that isn’t the norm.

    A few stats I found about Seattle:

    # of Cloudy days a year: 226
    # of Partly cloudy dats: 82
    # of Sunny days: 58

    If the “good weather” does last from April to October, and also includes all 58 days of annual sunshine, then that would be an average of 8.28 days of sunshine per month during that time period.




  8. 8
    T,V & Mr.B says:

    I am ashamed to say, but I got caught up in watching American Idol last night due to it having been here in Seattle. I was bummed that there were a couple of sunny days shown, but was happy to see the torrential downpours during most of the filming. OK America, it’s like the first part of the show ALL THE TIME.

  9. 9
    Lake Hills Renter says:

    I’m seeing a new trend locally and am wondering how prevaelent this has become. There are now three different houses (3-4 bedrooms) on my street that are being occupied by at least 3 people. I don’t mean families, I mean roommates. Two of them I believe are being rented, and one was apparently bought by 3-4 people together to live in. To add to this, I myself and living in half a SFH that was converted into a duplex. So that’s at least four houses on my street of ~30 that are now multi-occupant. It might have something to do with the houses being almost twice as expensive as they were 3-4 years ago.

  10. 10
    Richard says:

    Lake Hills Renter

    I wouldn’t say that’s a new trend. Unless you’re talking about people over age 30. How old are these people?

  11. 11
    Richard says:

    Here’s an article that mentions the average rent increase in seattle was 8.3% in 2006!

    Interesting though that the rent increases in California were offset by decreased occupancy rates. They must have moved up here.

  12. 12
    Wanderer says:

    As a single man at the age of 33, I find myself reluctantly renting. With a 5% rent hike (5% 1.5 years ago as well) I left my nice Fremont Apartment. Instead of paying 1040/mo, I am paing 533/mo… but it is in a 4 bedroom 3-floor house. And yes, that includes a decently finished basement that is fairly well lit. I don’t know if I should pat myself on the back for saving a ton of money every month, or punch myself in the gut for being 33 and having 4 roommates. For now I actually quite enjoy living with some good friends, but we shall see.
    I am able to put money down and buy a house the “right way”, but why now? So I can take a huge risk and have the fun of fixing a place up every weekend on my own?

    Does anyone know how old the wacky tenants were in Three’s Company? It’s the closest I can come to tying the Amarican Dream into my current situation.

  13. 13
    Lake Hills Renter says:

    Richard, I’d say they are all under 35 at least. Some of them are students at BCC, I believe. Which renting out a SFH to multiple tenants isn’t a new idea, it does seem strange to me that three different houses on the same street decided to do it in just the last year. One of them only after sitting for sale for 5-6 months.

  14. 14
    Alan says:


    The Odd Couple was about a couple of middle aged guys who room together.

    I’ve heard the model for young professionals in the area is to buy a housee they can’t afford and rent out extra rooms to roommates.

    It is more difficult to follow that model when you are married.

  15. 15
    Richard says:

    it does seem strange to me that three different houses on the same street decided to do it in just the last year. One of them only after sitting for sale for 5-6 months.

    That is the probable outcome of rent increases. People choose to live with roommates. Considering you can rent a new or remodeled SFH for under $1 sq ft/month it’s a viable alternative. (gotta love granite counters!)

    It IS interesting to see owner-occupied neighborhoods go rental at this point. Usually that’s a sign a market turn.

  16. 16
    uptown says:

    Well the Jan 18 real estate for sale listings on Craigslist tell a story:

    1) lots of riverfront land for sale

    2) Plenty of – reduced, reduction, pre-foreclosure, lease option, and investor.

  17. 17
    synthetik says:

    Latest F&*ked Borrowers on Craigslist

    “We own multiple corner townhomes in the development. We will consider all reasonable rent offers.”

    They don’t even offer a price for the rental. Let’s make a deal!

  18. 18
    synthetik says:

    Here’s another one of Paul Allen’s beautes up for sale.

    “Hurry on this one. If this unit is not sold then owner will hold on as Rental and make the equity himself.”

    ROFL! … and association fees are only $462/mo!

    “and with the new towers coming up next year, the 1BR units without the bonus area will start selling in the 500’s, meaning, this unit could be worth approx 15-25% more than it is now in just 1 year.”

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