Mid-Week Open Thread (2010-12-01)

Here is your open thread for the mid-week on December 1st, 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.

34 comments:

  1. 1
    D. in Ballard says:

    What do you think of this thread on redfin about “Seattle Bubble calling bottom.” I don’t think SB has done any such thing.

    http://forums.redfin.com/t5/Seattle/Seattle-Bubble-Calling-Bottom/td-p/151533

  2. 2
  3. 3
    Dirty_Renter says:

    RE: D. in Ballard @ 1
    As far as his claim that SB is racist….I could pretty much agree with any description of this blog, except racist.

  4. 4
    Scotsman says:

    RE: D. in Ballard @ 1

    Poor “Joe Seattle.” I think he’s scared, doesn’t like what he sees, and has reached deep down into his bag of liberal ammunition to come up with what used to be the “bunker buster” of discourse and credibility, but is now nothing more than a disemboweled joke- the “racist” tag. Put a fork in him- he’s done.

  5. 5
    doug says:

    RE: Scotsman @ 4

    Racially tinged. Huh. Yeah, that’s a new one.

    There’s nothing wrong with being ‘hyper-bearish’ if it’s based on evidence.
    Hell, lots of people have a problem with Paul Krugman’s politics (por exemplo) but if it’s based on evidence and history, who cares about politics?

    And be fair, ‘racist’ seems to be EVERYONE’s favorite insult nowadays.

  6. 6
    David S says:

    Corporate press release (from people who are a lot smarter on the subject than most of us): ,,,the economic recovery and an upturn in U.S. home sales are now projected for no earlier than 2012.

    On one hand, it is good to know this. On the other hand, this is not the best news for me and the rest of my countrymen.

  7. 7

    RE: Scotsman @ 4

    LOL Scotsman

    A melting pot of ethnic groups called the Tea Party has been called racist too in error [believe me, I don’t agree with all their politics, but just referencing the news]. But the new “Tequila Party” of mostly just Latino isn’t racist? LOL

    If I brought these topics up at my EEO meetings the ethnic groups and I would be rolling on the ground in laughter together.

  8. 8

    RE: David S @ 6

    Looks Like Seatlle Eats Cake

    As they aren’t mentioned as cities showing more consumer spending this Fall. Article in part:

    “…The U.S. economy improved this fall as factories produced more goods and shoppers spent more money.

    A new survey by the Federal Reserve finds that 10 of the Fed’s 12 regions reported economic growth picking up.

    Five regions — Boston, Cleveland, Atlanta, Dallas and San Francisco — said growth increased at a “slight to modest” pace. Another five — New York, Richmond, Chicago, Minneapolis and Kansas City — said economic activity was increasing at a “somewhat stronger” pace. Only two regions — Philadelphia and St. Louis — reported business conditions as mixed.

    All told, the new survey offered a marginally brighter picture of the economy over the past six weeks….”

    http://finance.yahoo.com/news/Fed-survey-Economic-growth-apf-48058712.html?x=0&sec=topStories&pos=2&asset=&ccode=

    LOL, us bubblebrains know its totally ludicrous to use month to month data to predict anything, its just erratic data sets. But the feds lack math knowledge in analysis?

    A blogger called rintincop said it for me:

    “…“But notice the rah rah cheerleade­rs don’t tell you how much spending fell after last years BF..compar­ed to the year before..

    And it’s people buying heavily discounted items, that are mostly made in China, using credit cards that charge 30% interest..

    Sooooo good for our economy, lol.

    Yes, it’s likely Black Friday will be spun as big positive and the stock markets will surge on the fantastic news.” …”

    http://www.huffingtonpost.com/social/rintincop/after-black-friday-sales-_n_372668_35326652.html

  9. 9
    Jillayne says:

    David S: “no earlier than 2012.”

    Which means 2014.

  10. 10
    Scotsman says:

    RE: Jillayne @ 9

    Yup, cleverly worded, wasn’t it? 2014 sounds good, has for a while now.

  11. 11
    Jillayne says:

    Scotsman, that was my bottom call in 2007 and I’m stickin’ with it.

  12. 12
    David Losh says:

    RE: D. in Ballard @ 1

    The redfin forums are always such a schill fest that it makes me think it’s some one’s job to make that carp up.

  13. 13
    Scotsman says:

    How about a 60% increase in property taxes to help government clean up past mistakes? Will that make home ownership more or less attractive? What percentage of PITI are taxes?

    “”The reality is that this change would mean a property tax increase of at least $550 million for Chicago property taxpayers — or a nearly 60 percent increase,”

    http://www.chicagotribune.com/news/local/ct-met-pension-reform-20101201-19,0,7723987.story

  14. 14
    Pegasus says:

    Sen Bernie Sanders Amazing Speech!

    http://www.youtube.com/watch?v=H5OtB298fHY

  15. 15
    Sleepwalker says:

    The tea party is overwhelmingly over 35, male, and white. I wouldn’t call that a “melting pot”

    By softwarengineer @ 7:

    RE: Scotsman @ 4

    LOL Scotsman

    A melting pot of ethnic groups called the Tea Party has been called racist too in error [believe me, I don’t agree with all their politics, but just referencing the news]. But the new “Tequila Party” of mostly just Latino isn’t racist? LOL

    If I brought these topics up at my EEO meetings the ethnic groups and I would be rolling on the ground in laughter together.

  16. 16

    RE: Scotsman @ 13 – That’s pretty much a local Chicago issue.

  17. 17

    Sleepwalker,
    I was going to say something to the same effect. The Tea party folks like to trot out the token black guy or Latino to show how diverse they are, but…
    Kind of reminds me of the old Dave Chapelle episode where the blind black guy who didn’t realize he was black joins the KKK, just spewing hateful racist things. Side splittingly funny.

  18. 18

    Rhonda Porter is currently on the top of the Seattle Time’s website. ;-)

    http://seattletimes.nwsource.com/html/home/index.html

  19. 19
    Scotsman says:

    RE: Kary L. Krismer @ 16

    Um, yeah, until Seattle discovers it has to do the same. It’s indicative of a trend- broke pension plans that over promised benefits based on continuous 8+% annual returns looking elsewhere for money. Trust me, this isn’t just a Chicago problem- we’ll see it here on state, county, and city levels soon enough. Unfunded pensions are the next 800 lb.gorilla.

  20. 20

    RE: Scotsman @ 19 – There is a constitutional limit to real property taxes in Washington, but that might just be the state’s portion–not sure. Schools, fire districts, etc. are exempt.

  21. 21
    Scotsman says:

    RE: Sleepwalker @ 15

    Actually, I think the female participation is higher. And hey, the majority of the country is white and over 35 so I’m not sure how significant that is. Don’t be a h8er.

  22. 22
    Scotsman says:

    RE: Kary L. Krismer @ 20

    Constitutional limits mean nothing in the new world. Don’t get me started on how many laws have already been broken in the name of expediency. Didn’t we just have a referendum, for the third time or something, on limits to raising taxes. . that the legislators keep finding ways around?

  23. 23

    RE: Scotsman @ 22 – Totally different. That was getting around an initiative that was itself probably unconstitutional, but in any case, one that could clearly be overturned with the vote take.

  24. 24
    Scotsman says:

    RE: Kary L. Krismer @ 23

    I think we’re pretty much done with the rule of law unless it serves the powers that be. This is the era of the ends justifying the means, and its only just begun.

  25. 25
    D. in Ballard says:

    RE: Ira Sacharoff @ 17 – And me too! But then I thought, where to start….

  26. 26
    sleepwalker says:

    The female participation is not higher. You’re wrong there. It’s also whiter than the US population so you’re wrong there. Age isn’t relevant to my solitary melting pot argument, so kudos. I went off topic.

    Admit it. The Tea Party is as much of a melting pot as the NRA is. Does it mean either group is bad. no. Ethnic makeup does not validate or invalidate a philosophy.

    Why am I arguing on the internet? Better question.

    By Scotsman @ 21:

    RE: Sleepwalker @ 15

    Actually, I think the female participation is higher. And hey, the majority of the country is white and over 35 so I’m not sure how significant that is. Don’t be a h8er.

  27. 27
    David Losh says:

    RE: Scotsman @ 13

    Let them rot. I am so tired of hearing about police and fire people and how much we need to pay them. Let them rot.

    Take those low life welfare recipients off the dole, and let’s privatize that. The rich can have their police and fire, and we’ll have a militia.

    Let them rot. I’m old and tired of hearing about police and fire. How much more can we do for them?

  28. 28
    Scotsman says:

    Looks like the deficit commissions recommendations won’t be making it to congress. Oh well.

    http://hotair.com/archives/2010/12/02/game-over-five-members-of-deficit-commission-will-vote-no-on-final-plan/

    The games will continue until the checks bounce.

  29. 29
    Scotsman says:

    RE: sleepwalker @ 26

    Hmmm- looks like you’re correct on the sex break down. I thought I read where it was more women, but maybe that was the leadership positions. It’s hard to find real data on most of it, just media reports. But MSM has to be better than the inter tubes, right?

  30. 30
    Macro Investor says:

    By Jillayne @ 9:

    David S: “no earlier than 2012.”

    Which means 2014.

    Save up to 50%! 0 percent qualifies.

  31. 31
    David Losh says:

    RE: Scotsman @ 28

    Lot’s of Hot Air there.

    You got to get out of the bunker and into the light. The Republican Party will never, ever, do anything to stop deficit spending. Republicans are drunken sailors who always complain about the poor, the minorities, illegal aliens, the government, the environment, the regulations, the people, the laws, and law makers.

    Republicans only ask how much we, the People, can give them to give to buddies they have in business.

    Ronald Reagan was a great President, but the Bushes, and Republicans in politics have leveraged that good will into gutting our economy.

    We voted them is so we can vote them out. That’s it. No American is listening to the Republicans. All the anti American rhetoric by Rush Limbaugh, Glenn Beck, and Shaun Hannity don’t change the fact the People of this great country want peace, and prosperity.

    We are tired of what’s wrong, and want a plan. We’re tired of Iraq, Afghanistan, Iran, the deficit, lack of concern for the poor, and our slide into poverty. We’re discussing on a web site where the middle class can’t catch a break because the banks, the banks, the banks we bailed out won’t do business in an honorable fashion.

    We’re not talking welfare, or SDI, or Social Security, or Medicaid, or even Medicare. We are talking about banks, that got tax dollars. Banks bucko.

    Now when the Republicans get over not being able to provide health care in this country because doctors have to make a million dollars, or it’s just not worth being a doctor? When the Republicans want to prosecute bankers for fraud, misrepresentation, and swindle by device then maybe we can listen to some sound bites about how they can’t do anything.

    Maybe.

  32. 32
    Haybaler says:

    RE: Pegasus @ 14

    Well, interesting…. Especially the part about the growth of the percentage of Total Income attributed to the top 1% over the last 40 years.

    But the reality is that we can’t tax the “rich” to solve the budget deficits without cutting spending too.

    I’ve seen television interviews with Bill Gates’ dad. He states that Bill and other super high income individuals are willing to pay higher taxes, but he also states that other super high income individuals are not willing to pay higher taxes preferring to keep the money available for reinvestment into productive activities to make more profits.

    Nobody trusts the Elected to handle increased tax revenues responsibly. Recent case at hand was the Washington State Income tax referendum where the stated goal was to tax the highest incomes only…. Here in Washington state, a liberal state, the idea didn’t sell…. Even the Washington state liberals don’t trust the lawmakers to limit spending when given more to spend. Nor do the liberal voters trust the lawmakers not to come back to take even more later, with out asking.

    How could this national government be any more trustworthy?

    It’s a sad state of affairs. Bernie Sanders is a great orator and he certainly beat the house members about the head with a 2×4 but we need 200 more like him to see any improvement in the status quo.

  33. 33
    pfft says:

    By Scotsman @ 28:

    The games will continue until the checks bounce.

    the US is having no problems paying it’s debts. interest rates are very low.

  34. 34
    Scotsman says:

    RE: pfft @ 33

    “the US is having no problems paying it’s debts. interest rates are very low.”

    Ya, sure, you betcha! And they always will be, right? Your unwillingness or inability to extrapolate current trends for even a few years and see where it ends up is, well, inspirational. It gives me hope that someday, I too, will find that one glowing patch of psilocybin boomers that will help me transcend reality and visit distant universes without ever having to risk crossing the street. God bless ya!

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