Mid-Week Open Thread (2009-04-22)

Here is your open thread for the mid-week on April 22nd, 2009. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known.

Be sure to also check out the forums, and get your word in the user-driven discussions there!

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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.

11 comments:

  1. 1
    David McManus says:

    Acting Freddie Mac CFO commits suicide:

    http://www.wtopnews.com/?sid=1657033&nid=25

  2. 2
    S-Crow says:

    Good to meet several people at the meet up last evening.

    In other news: Seattle Times reports Freddie Mac CFO found dead in apparent suicide yesterday morning.

  3. 3
    NoMoreWork says:

    A couple from Bothell is featured in a new puff piece on msnbc:

    http://www.msnbc.msn.com/id/30351355/

    What the article fails to mention is the posibility of further price declines… Then “do the math”

  4. 4
    Plastic Bags says:

    @ NoMoreWork
    What a joke- no surprise from msnbc. I’m tired of this mentality that you are somehow saving x number of dollars because the value has declined since 2007. Even the language of the article makes it seem shady, with agents having to “lure in” the buyers with their “professional” advice. Buyers can recognize a good deal. They are few and far between and they don’t stay on the market very long.

  5. 5
    Civil Servant says:

    Says the PI: “Seattle-area house values continue to fall faster on an annual basis, but monthly declines are slowing, according to a new report.”

    http://www.seattlepi.com/local/405462_housing23.html

    Is this joker really basing his “monthly declines are slowing” on a single data point?

  6. 6
    David Losh says:

    RE: Plastic Bags @ 4

    Buyers very rarely recognize a good deal. Buyers traditionally make bad choices.

    Now you all can get up on your high pink ponies and tell me you know what you are doing, but…

    Buyers buy towering trees and babbling brooks. Buyers buy the house they grew up in. Buyers buy a third bedroom for a second child. Buyers buy schools, shopping, and Green Lake.

    Buyers, left to thier own devises, very rarely recognize a good deal.

  7. 7
    Plastic Bags says:

    RE: David Losh @ 6

    You are probably right but I wish you weren’t. I’d like to think we learned something from the past two years.

  8. 8
    WestSideBilly says:

    RE: David Losh @ 6

    If viewed from an investor’s perspective, you’re correct. Individuals buying their home are more worried about the things that actually impact how they use the home – sufficient bedrooms, bathrooms, garage, storage space, etc. Maybe they pay $350k when they could have gotten a similar home for $300k, but the average home shopper won’t lose a lot of sleep over that. Just whether it meets their needs and they can pay the bills.

    An investor doesn’t care if the 2nd bedroom is too small to get a full size bed in, only that the rent covers the costs and generates a profit. Two different perspectives.

  9. 9
    Hugh Dominic says:

    Um, this cant be good for East Side real estate….

    Microsoft Profit Falls for First Time in 23 Years
    http://www.nytimes.com/2009/04/24/technology/companies/24microsoft.html

  10. 10
    Kary L. Krismer says:

    I haven’t read that, but I suspect it’s Microsoft revenue fell for the first time.

  11. 11

    You’re right, Kary. The headline reads ” Microsoft Profit Falls for the First Time in 23 Years”, but the article states that it’s year over year quarterly revenue that has declined for the first time in 23 years. Net income was down too, but likely they have seen that before.

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