Mid-Week Open Thread (2010-11-03)

Here is your open thread for the mid-week on November 3rd, 2010. 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.


  1. 1
    Herman says:

    Here’s a nice paper. It’s entitled, “Housing in the New Millenium: A Home without Equity is Just a Rental with Debt”

    Written in 2001, it talks about the factors that would eventually inflate the RE bubble and destroy the world.


  2. 2
    Blurtman says:

    It’s a call option that is badly out of the money.

  3. 3

    The elections last night made me realize that we’re now over two years into a really crappy real estate market. Time flies when you’re having fun!

  4. 4
    Yerbolat says:

    RE: Kary L. Krismer @ 3 – It would be crappy regardless of elections outcome :)

  5. 5

    RE: Yerbolat @ 4

    I Agree

    IMO, it all went hay-wire when they laxed up on loan qualifications in the late 90s. Believe me, I blame Bush for a lot of outsourcing and overpopulation problems we have today too…but it was both parties fault IMO.

  6. 6

    RE: Yerbolat @ 4 – I wasn’t trying to imply anything other than the passage of time. It doesn’t seem like the most recent financial crisis started over two years ago.

  7. 7
    mukoh says:

    RE: Kary L. Krismer @ 3 – This market has been such a blast. Funny how a most of the profits that were made by masses at 5-10% a clip are now done by a few groups who were quick on the trigger and are making 30-40%.

  8. 8
    Cheap South says:

    Really depressing when even the foreclosed homes that banks are listing at 2003 prices seem way too high.

  9. 9
    Dirty_Renter says:

    RE: Herman @ 1
    He was on CNBC yesterday…a really smart guy.
    He was bearish on RE prices.

    Has Fraudclosuregate had it’s 15 minutes?
    Dirty Clown Renter

  10. 10
    David Losh says:

    RE: mukoh @ 7

    OK, you were right, I was wrong.

    Getting my license back this week.

  11. 11

    RE: mukoh @ 7

    If You’re Talking the Stimulus II Stock Market

    I agree, but if Stimulus I is in indicator of Stimulus II:

    The real estate market will flounder and unemployment will just keep getting worse anyway….albeit the banksters will see profits, until the $600B Stimulus II hay pile is burned up.

  12. 12
    One Eyed Man says:

    RE: softwarengineer @ 11

    “unemployment will just keep getting worse anyway”

    Pfft may have his faults, but he’s been right about one thing for months now, private sector unemployment has been improving for almost a year, not getting worse. And private sector employment growth is the only one that should matter if one is in favor of smaller government like the new house majority.

  13. 13
    Jillayne says:

    Where’s Pegasus?

    I just read Bill Black’s scathing column to send BOA into receivership.


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