Monday Open Thread (2012-10-08)

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Here is your open thread for Monday October 8th, 2012. 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.

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NOTICE: If you have comments to make about politics or economics that do not somehow directly relate to Seattle-area real estate, they may be posted in the current Politics & Economics Open Thread. If you post such comments here, they will be moved 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.

7 comments:

  1. 1
    MS says:

    Off topic question. Is there something similar to Seattle bubble that tracks real estate in the bay area. I am moving to the SF bay area. If you know of good blogs that I could follow and learn about the real estate in that region, please let me know.

  2. 2
    The Tim says:

    RE: MS @ 1 – The only Bay Area site I really know of is Patrick.net, but the proprietor and the crowd over there are basically the definition of perma-bears. They seem less interested in analysis and hard data, and more interested in getting angry about perceived economic injustices.

    Bay Area real estate is really expensive even without a real estate bubble, which is a hard concept for some people to grasp.

  3. 3
    MS says:

    Thanks Tim. Would you be buying in south bay at current prices. Prices seem to be at 1.5 times Seattle prices.

  4. 4
    Natalia Orinko says:

    I just got back from visiting relatives is the Sacramento area. One of my cousins is a realtor and she said that she’s getting out of the business because there are so few houses to sell. She told me that there were just 12 houses for sale in her suburban zip code! That seems impossible but I looked on a map and it’s true.

  5. 5

    RE: Natalia Orinko @ 4

    I See the 2012 SF Bubble Has Pushed Homes Up $200K Each

    Probably due to inventory scarcity and a bad business model to buy into.

    Other escalating prices the last year are American [and foreign] stocks:

    Sep 0.10% 0.15% 2.57% 2.51% 2.96%
    YTD 1.12% 4.06% 16.54% 15.23% 10.42%
    Last 12 mo 1.56% 5.24% 30.34% 30.75% 15.52%

    The funds are 10 year CD, Longterm Bonds, American Stocks, the last two are foreign stocks…looks like the 30.34% interest rate return YOY in American stocks even makes the SF area bubble on limited inventory of homes not as good as investment….for now.

    This can all change in a blink of an eye, bubble prices and stocks.

  6. 6

    RE: softwarengineer @ 5

    I am Smiling Though

    WOWZA…..30%+ YOY return on my stock investments….time to break out the champaign :-)

    BTW, if you look at my blogs a year ago I was a bull predictor for stocks supported by Ben’s QEs.

  7. 7
    pfft says:

    didn’t see this here…

    CoreLogic: Existing Home Shadow Inventory declines 10% year-over-year
    Read more at http://www.calculatedriskblog.com/2012/10/corelogic-existing-home-shadow.html#EgKZ11XSIyrE5h6e.99

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