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

    Had he said 20%, I’d have believed it and not even blinked. 97%? Not even possible, and makes one wonder how wrong everything else he wrote in the article is.

  2. 2
    The Tim says:

    RE: Ira Sacharoff @ 1 – Exactly. I got to that part and it was so ridiculous I just assumed most of the rest of the article was made up.

  3. 3
    Jonness says:

    Here’s a followup up comment by the author.

    “The 97% number was meant to be an intentional exaggeration to drive home the seriousness of the current foreclosure market, not an actual statistic. I apologize for any confusion.”

    As long as we are talking about homes being overvalued, why not take a look at Fitch’ belief that homes are currently priced about 10% too high. Of interest, they think inflation over time will offset most of the potential price drops though.


  4. 4
    wreckingbull says:

    RE: Jonness @ 3 – That reply is worse than the original error. He now admits that he has license to make up numbers to make points? WTF? Another example of the fall of Forbes. I tried to read an issue last week. Short one-page puff pieces and “lifestyles of the rich and famous” featurettes. No thanks.

  5. 5

    RE: wreckingbull @ 4 – Interesting you mention Forbes. I found this piece earlier today:


    The idiot doesn’t understand the difference between Internet Explorer on a desktop and Internet Explorer on a mobile phone OS that has only a tiny percentage of the market.

Leave a Reply

Use your email address to sign up with Gravatar for a custom avatar.
Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Please read the rules before posting a comment.