Weekly Open Thread (2015-07-27)

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Here is your open thread for the week of July 27th, 2015. 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.

Note: The comment limit in open threads is 25 comments per person.

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.


  1. 1

    Hey…..is China Ruining the US Stock Market With Its 9% Slide Today?

    The bottom line is how much general stock markets losses added up to this CY 2015. Growwwl…..goes the bear….

  2. 2

    Lies About the Price of Gasoline at $50/bbl Oil

    We all know it should be in the low $2/gal…..but its been propped up to $3. God forbid we get a break on gas and related food costs….

    And you phony environmentalists that blame car driving for all the carbon footprint, with moot point recycling similarly justifying overpopulation, has SWE rolling on the ground in laughter. Why doesn’t the rich elite tell us the truth?

  3. 3
    Blurtman says:

    Despite his life of crime, Floyd was viewed positively by the general public. When he robbed banks he would destroy mortgage documents, which freed many citizens of their debts. He was protected by citizens of Oklahoma, who referred to him as “Robin Hood of the Cookson Hills”.

    Pretty Boy Floyd
    Words and Music by Woody Guthrie

    If you’ll gather ’round me, children,
    A story I will tell
    ‘Bout Pretty Boy Floyd, an outlaw,
    Oklahoma knew him well.

    It was in the town of Shawnee,
    A Saturday afternoon,
    His wife beside him in his wagon
    As into town they rode.

    There a deputy sheriff approached him
    In a manner rather rude,
    Vulgar words of anger,
    An’ his wife she overheard.

    Pretty Boy grabbed a log chain,
    And the deputy grabbed his gun;
    In the fight that followed
    He laid that deputy down.

    Then he took to the trees and timber
    Along the river shore,
    Hiding on the river bottom
    And he never come back no more.

    Yes, he took to the trees and timber
    To live a life of shame;
    Every crime in Oklahoma
    Was added to his name.

    But a many a starvin’ farmer
    The same old story told
    How the outlaw paid their mortgage
    And saved their little homes.

    Others tell you ’bout a stranger
    That come to beg a meal,
    Underneath his napkin
    Left a thousand-dollar bill.

    It was in Oklahoma City,
    It was on a Christmas Day,
    There was a whole car load of groceries
    Come with a note to say:

    “Well, you say that I’m an outlaw,
    You say that I’m a thief.
    Here’s a Christmas dinner
    For the families on relief.”

    Yes, as through this world I’ve wandered
    I’ve seen lots of funny men;
    Some will rob you with a six-gun,
    And some with a fountain pen.

    And as through your life you travel,
    Yes, as through your life you roam,
    You won’t never see an outlaw
    Drive a family from their home.

  4. 4
  5. 5
    noisewater says:

    Based on my brief research, I don’t believe Seattle would accept a pre-built tiny home (~200 sq ft) as a DADU. They’re built on trailers usually, and I doubt they meet the standard city code to which cottages must be built. Do you think the city might be more flexible to certify something like this as a DADU in the near future, especially in LR1 zones like mine? There are a few of these thing around the city, but they fly under the official radar, usually by tiny home owners parking their units on a friend’s lot or something. Is it even worth thinking about working with the DPD for this option or should I just take my tiny hippie box down to Portland and forget about it?

  6. 6

    RE: noisewater @ 5

    Sounds Like a Lot of Changes to Current SFH Zoning

    Cardboard boxes and a sleeping bag, with a begging sign for extra money….sounds more plausible.

  7. 7

    RE: Kary L. Krismer @ 4

    Slam-dunk Case Kary

    The Plaintiff didn’t need much law interpretation…

  8. 8
    DrRick says:

    From David Stockman’s site. Current inflation is really higher than reported if housing costs accurately included. YMMV

    “Fed Is Not Just Behind The Curve, It’s Driving The Bus Over The Cliff

    So the Fed didn’t raise rates again. And the timing of the rate increase will be data dependent. Ho hum.

    There’s just one little problem. The inflation measures the Fed watches really don’t measure inflation. The Fed won’t see what its cronies in the government and economic establishment refuse to measure, which is that we’ve already long since passed the Fed’s 2% inflation target.

    Every 3 months the US Census Bureau releases the results of its quarterly housing survey. We now know that rents rose by 6.2% year over year in the second quarter. But the fictitious number that the BLS uses to account for housing costs in the CPI, called Owner’s Equivalent Rent (OER), is only up by +2.9% year over year. The difference of 3.3% is known by the technical term: fudge factor. In this case, the BLS is undercounting the housing component of CPI by more than half….”


    Fel Temp Reparatio

  9. 9

    RE: DrRick @ 8 – I think the reason they exclude or limit housing costs is it tends to be volatile and also is something that doesn’t affect everyone (e.g it hasn’t affected me or Tim).

    But let’s say there’s conflict in the middle east and two of the largest oil producers get knocked off-line, causing oil prices to skyrocket. Should the fed act to restrict the “inflation” which occurs as a result? Personally I think that would be incredibly stupid, but that’s what they did in the 70s.

  10. 10
    DrRick says:

    RE: Kary L. Krismer @ 9

    Agreed. We lose historic perspective so easily. Nobody really remembers that it was Nixon who instituted wage and price controls, a very socialist move by a “conservative” Republican. Or who instituted gas rationing, a very anti competitive move.
    Also, he (and Earl Butz) permanently altered food policy and the politics of food by fundamentally changing agricultural subsidies. Subsidies were no longer to maintain food supply and price stability for farmers, but changed to encourage industrial agricultural production of corn, soybeans, and rice to keep food prices down in the midst of the oil fueled inflation. Agri business loved the changes as it allowed profitable exports to the point where our low prices could put Nigerian farmers out of business. It kept food prices out of the political discussion for the next election which he won handily. FWIW, many people date the onset of the obesity epidemic to this more readily available high carb food structure.

    Fel Temp Reparatio

  11. 11

    By DrRick @ 10:

    RE: Kary L. Krismer @ 9

    Agreed. We lose historic perspective so easily.

    I think the average American’s memory of political and economic issues only goes back about six months. ;-)

  12. 12
    redmondjp says:

    By Kary L. Krismer @ 11:

    By DrRick @ 10:

    RE: Kary L. Krismer @ 9

    Agreed. We lose historic perspective so easily.

    I think the average American’s memory of political and economic issues only goes back about six months. ;-)

    With today’s Twitterites, I think it’s actually more like ten minutes . . .

  13. 13
    The Tim says:

    Note: This will be the last weekly open thread for the foreseeable future. Open threads are being replaced by the new and improved Seattle Bubble Forums.

    Read more in today’s post.

  14. 14
    DrRick says:

    Must still be some bugs, I don’t seem to be me or to have an email.

  15. 15
    The Tim says:

    RE: DrRick @ 14 – I’m not sure exactly what you’re referring to. If you’re talking about the forums, you won’t have an account automatically. You need to create one by clicking on the grey “Register” button on the upper-right of the forum page, fill out the form, then confirm your email by clicking the link in the message that will automatically send to you.

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