Weekly Twitter Digest (Link Roundup) for 2010-08-07

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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.

10 comments:

  1. 1
    ray pepper says:

    Say what???????????????????

    Giddy up!!!

    But what about the Goldman Sacs Call of a 20% + drop????????

    http://www.king5.com/news/consumer/Washington-State-Nations-Top-Home-Value-Rebounder-100163129.html

  2. 2
    CCG says:

    “A pause in the modest recovery feels like a quasi-recession.”

    I see he’s back to the usual b——-t. His masters must have gotten word to him that “natural causes” were going to catch up to him sooner rather than later if he kept mouthing off the way he had been.

  3. 3
    softwarengineer says:

    If It’s Going In That Direction on MSM

    It doesn’t matter to a majority of the MSM pundits if there’s no clear proof it’s correct, and trying to back into the direction it’s reported as correct anyway, is as scientific as agreeing with the “flatworlders”. But they don’t care.

    And God Forbid we use science or math in a pragmatic neutral manner to prove the corporist MSM direction is causing the economic problems in America….LOL

    After-all, the alleged extremists that defy the corporists’ MSM direction, i.e., scientists, are just over-paid Frankensteins to be ridiculed as subpar and replaced with lower waged insourced labor that invent nothing?

    God forbid we invent anything and replace the globalist manufacturing tooling too. It’s much safer to the corporists to educate old technology bookworms, than encourage and mentor domestic technical inventors and leaders that think out of the book. Yankee ingenuity.

  4. 4
    anonimaniac says:

    Is every other property on Redfin showing as a short sale? Seems like it. Giddy up, indeed.

  5. 5

    RE: anonimaniac @ 4 – Only roughly 15% of the SFR listings in King County are short sales, but there are some neighborhoods where it probably approaches 100%. Also, if you’re looking at pending listings, they would dominate, because they take so long to close, or never close.

  6. 6
    brainiac says:

    RE: ray pepper @ 1

    and aren’t Moody’s the same clowns that said the sub prime loans were solid gold? have our memories gotten that short?

    http://www.newsweek.com/2009/09/29/drop-moody-s-into-the-volcano.html

  7. 7
    ray pepper says:

    RE: brainiac @ 6

    Yes they were….So bank on Goldman Sacs and another 20% drop…We can’t all be Bears can we..??

    After seeing Nevada drop 70% in areas 40% down from Highs here in the NW seems very reasonable….But, it will take time to achieve this…

    Go Moodys!

  8. 8
    JJG says:

    Tim, I hope you have a larger post on this Moody’s forecast. Am I about to be priced out forever?

  9. 9
    The Tim says:

    RE: JJG @ 8 – That Moody’s “forecast” is so laughable that it’s not even worth giving the time of day.

  10. 10

    RE: The Tim @ 9 – You could do a poll.

    Which makes you think Seattle area real estate will decline further in price?

    A. Moody’s issuing a positive prediction.
    B. Cramer issuing a positive prediction.
    C. Real estate agent ________ issuing a positive prediction.
    D. Other.

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