NWMLS: Listings surge as sales and prices soften a bit

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June market stats were published by the NWMLS last week. Here’s a quick look at the home salesperson spin via their press release:

Brokers seeing “simple economic recipe for a softening housing market”

Home buyers around many parts of Washington state had more choices and less competition during June, prompting some industry leaders to comment on “a feeling of change in the market.”

“Inventory is up and demand has dropped,” reported Robert Wasser, an officer with the board of directors at Northwest Multiple Listing Service. That combination is “a pretty simple economic recipe for a softening market,” he added in commenting on the latest MLS statistics.

“Although still a quick response market, with more new listings coming on the market during the summer months, we experienced dispersed buyer energy due to the greater availability and selection,” stated J. Lennox Scott, chairman and CEO of John L. Scott Real Estate.

No need for alarm! It’s just a “simple economic recipe”!

Anyway, let’s look at the actual numbers.

CAUTION

NWMLS monthly reports include an undisclosed and varying number of
sales from previous months in their pending and closed sales statistics.

Here’s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is favorable or unfavorable news for buyers and sellers (green = favorable, red = unfavorable):

June 2018 Number MOM YOY Buyers Sellers
Active Listings 3,718 +27.7% +42.9%
Closed Sales 2,758 +11.5% -4.6%
SAAS (?) 1.46 -8.5% +6.8%
Pending Sales 2,977 -10.1% -12.2%
Months of Supply 1.35 +14.5% +49.8%
Median Price* $715,000 -1.6% +9.5%

The big news in this month’s numbers is yet again the big bump in total on-market inventory. That said, prices look like they’re beginning to soften as well, which is unusual for what is normally the hottest time of year for price gains.

Here’s the graph of inventory with each year overlaid on the same chart.

King County SFH Inventory

Inventory rose twenty-eight percent from May to June, and was up forty-three percent from last year. We’re definitely forming an interesting trend now. This year has seen listings building up a lot faster than any recent year. Meanwhile, sales are softening, too…

Here’s the chart of new listings:

King County SFH New Listings

New listings were up two percent from a year ago, but dipped slightly from the record high level posted in May.

Here’s your closed sales yearly comparison chart:

King County SFH Closed Sales

Closed sales rose eleven percent between May and June. Last year over the same period closed sales were up about the same. Year-over-year closed sales were down five percent.

King County SFH Pending Sales

Pending sales were down ten percent from May to June, and were down twelve percent year-over-year.

Here’s the supply/demand YOY graph. “Demand” in this chart is represented by closed sales, which have had a consistent definition throughout the decade (unlike pending sales from NWMLS).

King County Supply vs Demand % Change YOY

The recent surge in listings is extremely evident in the above chart. June saw the largest year-over-year listings increase since April 2008.

Here’s the median home price YOY change graph:

King County SFH YOY Price Change

Year-over-year home price movement dipped back below ten percent again.

And lastly, here is the chart comparing King County SFH prices each month for every year back to 1994 (not adjusted for inflation).

King County SFH Prices

It’s interesting to me that we’ve been flat to slightly down since April. That’s a pretty big deviation from normal years. Between 2000 and 2017, April to June has seen an average gain of 3.5 percent. Over the last six years the lowest gain we’ve seen over those months was 4.2 percent. This year prices fell 1.4 percent. Very curious.

May 2018: $715,000
July 2007: $481,000 (previous cycle high)

Here’s the article from the Seattle Times: Market shift? Big spike in Seattle-area homes for sale slows price growth

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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.

610 comments:

  1. 501
    Sfrz says:

    RE: pedaltothemetal @ 498 – or 30k foundation isdue. Never. Ever. Waive home inspection.
    One instance: new homeowner, excitedly pulling up carpet, partially fell through floor due to termite infestation. (East coast)

  2. 502
    pfft says:

    By Sfrz @ 500:

    RE: pedaltothemetal @ 498 – or 30k foundation isdue. Never. Ever. Waive home inspection.
    One instance: new homeowner, excitedly pulling up carpet, partially fell through floor due to termite infestation. (East coast)

    from watching those flipper shows you will probably need a new roof, a new electric wiring or a beam because the roof should have collapsed. if you have a pool you’ll definitely need to replace the pump. it’s old.

  3. 503
    whatsmyname says:

    By Kary L. Krismer @ 469:

    BTW, I’m not sure if an Atlantic City casino is one of the Trump bankruptcies, but if so that would actually qualify more as a poor investment rather than “running a business into the ground.” Gambling in that city has suffered greatly, I’m presuming due to other competition.

    https://philly.curbed.com/2016/8/4/12376514/trump-taj-mahal-closed-atlantic-city-casinos

    We’re working the parsing thing pretty hard here, Kary. Developing these things is his business. Siting, scaling, meeting a demand. What do you think RE development is? This was first in, and it had troubles early on. And you’d like to represent it as some kind of passive investment? Quit denying your Trump love. Just say MAGA!

  4. 504
    pfft says:

    By Kary L. Krismer @ 499:

    RE: pfft @ 497 – You need to distinguish between being a nationalist and a racist–unless your goal is propoganda.

    no they are the same. remember the first day he said mexican’s were racist and some, he thought, we’re probably good people?

    he hates brown people so bad he jailed kids to stop people from crossing the border. probably the lowest racial point since the civil rights movement. why are you defending him kary?

    nobody better give me crap about how trump likes legal immigration. first of all you can illegally cross the border if you are going to claim asylum. trump has no idea when someone crosses the border if they are illegal or not. that’s what due process and courts are for.

    second of all he wants to cut LEGAL immigration in half. he wishes more Norwegians would immigrate..

  5. 505
    pfft says:

    By whatsmyname @ 502:

    By Kary L. Krismer @ 469:

    BTW, I’m not sure if an Atlantic City casino is one of the Trump bankruptcies, but if so that would actually qualify more as a poor investment rather than “running a business into the ground.” Gambling in that city has suffered greatly, I’m presuming due to other competition.

    https://philly.curbed.com/2016/8/4/12376514/trump-taj-mahal-closed-atlantic-city-casinos

    We’re working the parsing thing pretty hard here, Kary. Developing these things is his business. Siting, scaling, meeting a demand. What do you think RE development is? This was first in, and it had troubles early on. And you’d like to represent it as some kind of passive investment? Quit denying your Trump love. Just say MAGA!

    If kary doesn’t know about Trump’s AC casino debacle he has no business commenting on whether Trump is a good businessman. it’s exhibit A of why trump is a terrible business person, and a terrible person in general.

  6. 506

    By pfft @ 504:

    If kary doesn’t know about Trump’s AC casino debacle he has no business commenting on whether Trump is a good businessman.

    If what I say is too complex for you to understand, then you probably should quit commenting about what I write. It just confirms to others your lack of intelligence and education. I’m sorry, but even someone with a 10th grade education could have understood what I wrote. Did PTTM’s use of the word “parsing” go over your head? Pathetic.

    And not only did you not get the distinction I was raising between investing in a business and running a business, you somehow seem to think I was claiming Trump was a good business person. Also pathetic.

  7. 507
    whatsmyname says:

    By Kary L. Krismer @ 468:

    The idea that Trump cannot borrow money is ironically part of the “Trump Derangement Syndrome” or what I call Anti-Trump Hysteria. And one of the sources of that idea is none other than Anthony Weiner!

    https://www.politifact.com/punditfact/statements/2016/aug/08/anthony-weiner/anthony-weiner-lacks-collateral-claim-about-donald/

    I agree with pfft that Trump though is hardly a great business person and that a lot of his “success” is related to family wealth.

    This whole period of time reminds me a lot of Reagan’s years, when I suffered from anti-Reagan hysteria. Either I’m older and wiser now or I realize I lived through that I can make it through this too.

    Great Politifact. He criticized Wiener for a claim without detail, then claims that Trump does borrow American – but without detail.

    He does admit that no big American banks lend to him – you know the kind of banks that can do a $400 million transaction. But he’s Caesar’s wife as to why. Leaving us to wonder what do the little banks do? Certainly hotels and casinos are big cash holders. That’s a very profitable business for banks. Also, you can lend against deposits – not a lot of character or trust needed there. Is that what’s missing? Don’t know, but that’s more context than you’ll get from Politifact.

    He does list a few former Soviet Trump financiers, but tries to poo poo that on the fact that they are not “public” banks, or that structured finance is not the lowest denominator of debt. But mostly, he has no idea where the money comes from. It’s kind of a I don’t know, but hey, forest for the trees, and plus I don’t know. Therefore: the charge is false. Does that sound familiar to you?

  8. 508
    pfft says:

    By Kary L. Krismer @ 505:

    By pfft @ 504:

    If kary doesn’t know about Trump’s AC casino debacle he has no business commenting on whether Trump is a good businessman.

    If what I say is too complex for you to understand, then you probably should quit commenting about what I write. It just confirms to others your lack of intelligence and education. I’m sorry, but even someone with a 10th grade education could have understood what I wrote. Pathetic.

    And not only did you not get the distinction I was raising between investing in a business and running a business, you somehow seem to think I was claiming Trump was a good business person. Also pathetic.

    no I just said you have no business talking about trump being a business person if you don’t know about his AC dealings.

  9. 509
    pfft says:

    By uwp @ 473:

    By Kary L. Krismer @ 471:

    And our other favorite topic–health care! Bernie with his usual gusto takes a good idea and stretches it so far that he makes it bad. Medicare for all isn’t a bad idea, but it is with zero co-pays.

    But in his defense, I don’t think these cost estimates take into account the reduction of spending on medical insurance. So money that is now going to insurance companies and then to providers will instead go to the government and then providers. You need to account for the insurance savings to determine the net cost.

    Yes, government spending on health-care would go up, that is the whole point. You have to distinguish between “National Health Expenditures” and “Federal Health Expenditures.”

    If you actually read the study (which comes from a Koch funded “think-tank”) you would see that the plan saves money over current total health care spending.

    Look beyond the headlines.

    Here is an article that doesn’t come from Fox News.
    Even Libertarians Admit Medicare for All Would Save Billions
    Blahous finds that health expenditures would be lower for every year during the first decade of implementation. The net change across the whole ten-year period is a savings of $303 billion.
    ...
    But even if you take the report’s headline figures at face value, the picture it paints is that of an enormous bargain. We get to insure every single person in the country, virtually eliminate cost-sharing, and save everyone from the hell of constantly changing health insurance all while saving money.

    and nobody will lose their life or their home due to lack of insurance.

  10. 510
    pfft says:

    I figured trump was out of AC by now and was right. he was out in 2009. AC is challenging but trump added his own new next level of fail to AC.

    this is a very very good read.

    How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions
    https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html

    take what you can, give nothing back.

    the perfect president for the new gilded age/extraction economy. we didn’t get here by accident.

  11. 511

    By pfft @ 507:

    no I just said you have no business talking about trump being a business person if you don’t know about his AC dealings.

    Then please be specific what I said that gave you that idea. My comment was basically investing in AC gambling was a bad move–that his operations there didn’t go out of business due to poor operations, as evidenced by the fact that four other casinos went out of business.

    Your analysis is probably closer to Joy Bahar’s analysis–that no one ever goes out of business in the gambling industry.

  12. 512

    By pfft @ 509:

    I figured trump was out of AC by now and was right. he was out in 2009. AC is challenging but trump added his own new next level of fail to AC.

    this is a very very good read.

    How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions
    https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html

    take what you can, give nothing back.

    the perfect president for the new gilded age/extraction economy. we didn’t get here by accident.

    Well first, the prior article I linked said he sold his final stake in 2016. But only someone naive and ignorant would think that article is a “good read.” Not everyone does poorly in a bankruptcy situation, and often times it’s the owners or prior owners that do very well.

    I remember one case where I represented a prior owner who was unwilling to concede a dime. The debtor’s attorney initially threatened me with CR 11 for sanctions, but eventually gave us 100% of what we were asking. Getting 100% by agreement doesn’t happen too often.

    As to Trump getting money out of an operating bankruptcy where the business is using his name, that seemingly would be a hard position for Trump to lose. Maybe if he hired Rudy G.

  13. 513
    pfft says:

    By Kary L. Krismer @ 511:

    By pfft @ 509:

    I figured trump was out of AC by now and was right. he was out in 2009. AC is challenging but trump added his own new next level of fail to AC.

    this is a very very good read.

    How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions
    https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html

    take what you can, give nothing back.

    the perfect president for the new gilded age/extraction economy. we didn’t get here by accident.

    Well first, the prior article I linked said he sold his final stake in 2016. But only someone naive and ignorant would think that article is a “good read.” Not everyone does poorly in a bankruptcy situation, and often times it’s the owners or prior owners that do very well.

    I remember one case where I represented a prior owner who was unwilling to concede a dime. The debtor’s attorney initially threatened me with CR 11 for sanctions, but eventually gave us 100% of what we were asking. Getting 100% by agreement doesn’t happen too often.

    As to Trump getting money out of an operating bankruptcy where the business is using his name, that seemingly would be a hard position for Trump to lose. Maybe if he hired Rudy G.

    you really are unbelievable. in 10 years I have never seen you do anything other than be the biggest apologist for corporate greed and the extraction economy. you think this is ok but the min wage will take down the economy? LOL and SWE says. get a clue kary. you cut trump nothing but slack for the tariffs and attacking amazon/bezos yet you flip out about every little thing the city council does. you think you are unbiased but you are the most biased person here. you are 100% republican but you probably don’t want to admit it to yourself.

    is there anything a corporation will do that you will criticize or have criticized.

    lastly, READ THE ARTICLE. you learned the wrong things from them.

  14. 514

    RE: Sfrz @ 500

    On the East Coast, where termites are generally more prevalent, the regular Home Inspector does not usually do the termite inspection. There is a separate Pest Inspector and the Lender requires a clean termite report to fund the loan.

    Was it also a cash sale? Did they find a Lender who waived the clean Termite Report Requirement?

  15. 515

    RE: pfft @ 512 – I just understand how the world works, and don’t really care if one business person makes a better deal than another business person. They’re grown ups and they make their own decisions. And that is what makes it entirely different than a business taking advantage of a consumer. I certainly woudn’t read an article that naively describes that having happened and then describe it as a “very good read” thinking it exposed something no one knew about. You do realize, don’t you, that reporters are not generally experts on the topics they report about, right?

    There have certainly been other worse deals than anything that ever happened in Atlantic City. My personal favorites are Microsoft selling off its business which packaged and shipped floppy disc versions of their product, and at number two Qwest (now Centurylink) selling off its Yellow Pages business. Those inside the industry may see the writing on the wall early. I remember a high up in a legal research company tell me that their product would move entirely on-line back when CD-Rom devices were only 2x speed devices.

    As to minimum wage, I thought we’d made some progress on that issue, but you’ve apparently forgotten. Shocking that you don’t remember something. /sarc

  16. 516

    By ARDELL DellaLoggia @ 513:

    RE: Sfrz @ 500

    On the East Coast, where termites are generally more prevalent, the regular Home Inspector does not usually do the termite inspection. There is a separate Pest Inspector and the Lender requires a clean termite report to fund the loan.

    In Washington regular home inspectors do not do pest inspections–they need a separate licenses to do a pest inspection. Home inspectors are licensed by DOL and pest by Agriculture ( https://agr.wa.gov/PestFert/LicensingEd/Search/ ). There was a time when many home inspectors were also pest inspectors, but that’s become more difficult somehow (maybe the separate licensing was created?) and many/most don’t find it worth the effort to maintain both licenses.

  17. 517
    Sfrz says:

    RE: ARDELL DellaLoggia @ 513 – no. Young military family that used all their money on down payment. Had to sue to get their money back. The termite inspector was new in training. The company allowed him to do the inspection with this result. Lawsuit and family in hotel.
    I waived my own inspection-1 fateful time. On a golf course style open airy rancher. Custom built. 8 yrs old. Bubble in the foundation on the slope side. When assessing the problem, the builders knew it and covered up creatively with the motar. 15k in the ground for foundation repairs.

  18. 518
    Anonymous Coward says:

    By Sfrz @ 516:

    RE: ARDELL DellaLoggia @ 513 – Young military family that used all their money on down payment. Had to sue to get their money back. The termite inspector was new in training. The company allowed him to do the inspection with this result…

    Story: buyer pays for professional inspection, but inspector misses the obvious and a simple transaction turns into an epic legal battle. Moral of the story: Hire a professional inspector so you don’t miss the obvious. I must be missing something here…

  19. 519

    RE: Sfrz @ 516 – Well another benefit of the increasing inventory is buyers are less likely to waive inspections.

  20. 520

    By Anonymous Coward @ 517:

    By Sfrz @ 516:

    RE: ARDELL DellaLoggia @ 513 – Young military family that used all their money on down payment. Had to sue to get their money back. The termite inspector was new in training. The company allowed him to do the inspection with this result…

    Story: buyer pays for professional inspection, but inspector misses the obvious and a simple transaction turns into an epic legal battle. Moral of the story: Hire a professional inspector so you don’t miss the obvious. I must be missing something here…

    Is there a link to the actual facts here that I’m missing?

    I think what you’re missing is the fact that different human beings have differing abilities to do their jobs properly. Home inspectors are probably a great example of that (although lately for me it’s been escrow agents and loan originators). Some are lazy, some don’t know what they’re doing, and some think that if they point out bad things that the real estate agent will never refer them again! All sorts of bad things can happen in any of those situations.

    We’ve dropped inspectors who get lazy and asked others to not bring trainees with them on our inspections. And now tell our clients to not accept a substitute inspector without consulting us, although that said one of the best inspectors we have was such a substitute at one time.

    But the bottom line is not all inspectors are created equal.

    BTW, on the trainee issue there was one inspection where I didn’t learn until I saw the report that there was problem with an outlet in a bedroom. That didn’t get mentioned during the summary at the end of the inspection. I had a pretty good idea what the issue was, but it required going back out to the property to verify. The outlet was controlled by a switch! How much training do you think that guy will need before he becomes a good inspector? ;-)

  21. 521
    Millennial Engineer says:

    I’ve made the decision to leave Seattle and move to Snohomish County. Already have a good offer in Everett and there’s not much reason to stay in Seattle. So my question is this:

    With the market softening, are the far-out areas (with respect to Seattle) more likely to see faster and more appreciable price corrections? I figure if people that were priced out of North Seattle and the East Side were moving north for housing and settling in for long commutes, a modorate correction in the Seattle area will allow those buyers to move back closer to Seattle. That means those far-out areas lose value as the wider market softens and then further softens due to decreased demand from people priced out of Seattle.

    We currently rent in Seattle and with the reverse commute I can drive to Everett in the same length of time as my previous bus commute downtown, so we’ll stay put until we find the right place in Snohomish County. I’d prefer to move sooner than later, but if the market is going to correct and/or inventory rise noticeably I’m content to wait for seveal months and watch.

  22. 522
    Doug says:

    Seattle crushes the rest of the country again in May with a monthly gain of 2.23%. No one else even close.

    Who are all these morons willing to spend so much to live in such a horrible place? I’ve read on SeattleBubble.com that this city sucks.

  23. 523

    RE: Kary L. Krismer @ 519
    Inspections Sound Good on Paper

    But my home inspection was also a waste of money….they missed an obvious big game changer in 1999, the Riches Stove was installed without a permit making the selling contract void. A metal placard is mounted on my house when this stove is State inspected and gets a permit….I had to get the inspection done after I bought the house and could have sued for damages too. The contractor faced a $1000 fine too…the State was mad as hornets too…

  24. 524

    RE: Millenial Engineer @ 520 – Generally yes, the further out areas go up later and may come down earlier. But the issue is when will that occur.

    If you’re willing to do the commute I’d probably just start looking at a leisurely pace trying to find a place you really like rather than trying to time the market. Depending on what you’re looking for you’ll probably find more variety up there than down in King County.

  25. 525
    sfrz says:

    RE: Millenial Engineer @ 520RE: Millenial Engineer @ 520 – Having a discussion in the check out line with a recent transplant to the East side. She had lived in Seattle for 10 years, recently moving to Snoqualmie. Said that it was an hour commute to work via downtown bus while living in Seattle. And- it is an hour commute from Snoqualmie via bus. BUT- she states has land, grass and trees and a peaceful quiet evenings.

  26. 526

    RE: Doug @ 521
    Its Mental Illness Doug

    Its called the “Trump Derangement Syndrome” and the psychosis/neurosis symptoms drives victims out of their minds, so the don’t think right…LOL

  27. 527

    By Doug @ 521:

    Seattle crushes the rest of the country again in May with a monthly gain of 2.23%. No one else even close.

    Who are all these morons willing to spend so much to live in such a horrible place? I’ve read on SeattleBubble.com that this city sucks.

    You do realize that Seattle is only a small part of the C-S area covered, right? It wouldn’t surprise me if the Seattle numbers part of the C-S data is actually a drag on the rest of the data, at least in certain price ranges.

  28. 528

    RE: sfrz @ 524
    Let’s See Now

    Approximately 3-4 hours waiting for a late bus, working later flex hours and 3-4 hours in parking lot freeways or standing at a bus stop in the cold and rain to get home….when is it light or time enough to enjoy the new Snoqualmie home? LOL

  29. 529
    OA says:

    RE: pfft @ 504

    Cry me a river.

  30. 530
    Doug says:

    RE: Kary L. Krismer @ 526 – oh yeah, I guess I was just making the broader point that the PNW is an incredible place and specifically Washington.

  31. 531
    Justme says:

    RE: Sfrz @ 516

    Could you please explain the term “bubble in the foundation”? I googled it and was none the wiser. A link perhaps? Thanks.

  32. 532
    uwp says:

    By Kary L. Krismer @ 526:

    You do realize that Seattle is only a small part of the C-S area covered, right? It wouldn’t surprise me if the Seattle numbers part of the C-S data is actually a drag on the rest of the data, at least in certain price ranges.

    Also the lag in the CS numbers. Probably will start to turn in a couple months.

  33. 533
    Minnie says:

    RE: Millennial Engineer @ 520

    “With the market softening, are the far-out areas (with respect to Seattle) more likely to see faster and more appreciable price corrections? ”

    The short answer is yes. But it also depends on what house you buy. There’s some real pieces of sh*t being sold in Seattle right now that if a downturn happened, they may really tank.

    My advice would be to find a place you like and can afford and can see yourself living in for quite awhile. Resist the temptation to see it as an investment vehicle because that will drive you crazy.

    We had a home in Seattle but I discovered living in town just wasn’t my thing. We moved further out but our (downtown) commute is actually faster both driving and busing. The metro bus system in Seattle is such a joke. But that is a topic for another day.

    Enjoy house shopping in a less stressful environment!

  34. 534
    N says:

    Vancouver Condo Bubble Takes New Hit: Murky Condo Flippers Targeted in Pre-Sale Tax Hunt

    https://wolfstreet.com/2018/07/30/vancouver-condo-bubble-takes-new-hit-murky-condo-flippers-targeted-in-pre-sale-tax-hunt/

    The changes pose real threats to the highly speculative pre-sale condo market.

    In recent years, pre-sale buyers have made out like bandits, securing pre-sale contracts with no proof of funds, financing, and in many cases no intention of closing upon completion — ultimately flipping the contract to another buyer for windfall profits, with most of the gains earned on the leverage of price inflation.

    These profits are largely tax-free as flippers choose not to self-report capital gains to Canada Revenue Agency (CRA, equivalent of the IRS in the US). Because there is no title registration through BC land titles, the best CRA can do is take the developer to court in order to obtain the list of pre-sale buyers who have flipped their contract.

    The move by the BC government to crack down on tax evasion by requiring developers to collect and report information on pre-sale condo assignments to ensure buyers are paying the appropriate taxes may, according to real estate consultant and architect Michael Geller, “take investors out of the market, especially those whose primary motivation was to flip the agreement before they closed.” The result may be that projects will be “put on the back burner because they can’t achieve their pre-sale targets demanded by the bank

  35. 535
    Justme says:

    RE: Doug @ 521

    >>Seattle crushes the rest of the country again in May with a monthly gain of 2.23%. No one else even close.

    You are referring to the Seattle Case-Shiller Mar-Apr-May data which came out today. That was before the sellers started listing in elevated quantities and the buyers started getting cold feet. We all know what happened in June with the NWMLS median price sold, dropping 1.6% mo-mo (it is after all on the top of this very thread). C-S will track that downdraft in due time.

  36. 536
    pedaltothemetal says:

    Bubble buyers. Please keep the bubble up! Fight the other buyers!!

    It’s the same old moss pit, but with your collective actions you can all pay a new high price.

    It’s you vs all the other buyers! You’re like the highlander conquering that moss pit.
    There can only be ONE!
    But there can be MANY who collectively have overpaid.

    Do your duty to keep this bubble up!!!!

  37. 537
    sfrz says:

    RE: Justme @ 530 – There was a “bowing” of the foundation. The investigator called it a bubble. If you looked through his tool, you could see it looked like a bubble as it was rounded and not straight. Talk about a sickening feeling, as you look through the tool and see that red line disappear instead of being a straight, crisp line.

  38. 538
    pfft says:

    By softwarengineer @ 525:

    RE: Doug @ 521
    Its Mental Illness Doug

    Its called the “Trump Derangement Syndrome” and the psychosis/neurosis symptoms drives victims out of their minds, so the don’t think right…LOL

    Trump jails kids and has them represent themselves in court. Someone is deranged and it isn’t us. Trump has a Trump problem. Plus he is Putin’s puppet. Hillary was right during the debates. Putin plays him like a complete fool. He gave away a trillion in tax cuts to the rich and republicans even admit they can’t run on that in their districts. plus Trump will tweet something really stupid and distract from what republicans want to talk about. Trump will probably be impeached and his whole crew will probably go to jail for collaborating with the russians.

    His favorability rating is 42%, one of the worst all-time at this point in a presidency. the people aren’t deranged, they are paying attention.

  39. 539
    pfft says:

    By OA @ 528:

    RE: pfft @ 504

    Cry me a river.

    Everything Trump touches turns to crap. Sell the MAGA hat while you can.

    Trump ran a fraudulent university and his charity got shut down. He couldn’t even run a charity. Things were so bad at his charity there might be criminal charges.

    Experts: AG suit builds towards possible criminal case against Trump
    https://www.cityandstateny.com/articles/policy/criminal-justice/donald-trump-criminal-case-new-york

  40. 540
    pedaltothemetal says:

    Bing! Bring out your tear down! Bing! Bring out your tear down!

    https://www.youtube.com/watch?v=grbSQ6O6kbs

  41. 541
    pedaltothemetal says:

    I, me, my, moss pit.

  42. 542
    pfft says:

    By pedaltothemetal @ 540:

    I, me, my, moss pit.

    you’re funny.

  43. 543
    David says:

    Amazon employee house buying killing the market in Seattle? Seems to correlate well with the reduction in demand. Wait til current employees start selling or don’t buy for years in anticipation of moving East.

    Amazon hiring spree appears to be over

    https://www.zerohedge.com/news/2018-07-28/amazons-hiring-spree-appears-be-over

  44. 544
    pedaltothemetal says:

    Do Amazon employees whistle while they shine the bezos balls?

    Or is it mostly pissing in bottles and jumping out of windows?

    That moss pit is surely worth it.

  45. 545
    David says:

    What the hell are you talking about? Inane jibberish.

    By pedaltothemetal @ 543:

    Do Amazon employees whistle while they shine the bezos balls?

    Or is it mostly pissing in bottles and jumping out of windows?

    That moss pit is surely worth it.

  46. 546
    pfft says:

    By David @ 544:

    What the hell are you talking about? Inane jibberish.

    By pedaltothemetal @ 543:

    Do Amazon employees whistle while they shine the bezos balls?

    Or is it mostly pissing in bottles and jumping out of windows?

    That moss pit is surely worth it.

    the guy who posts a zero hedge link calls out someone for inane gibberish? classic. what is the matter info wars breitbart didn’t have a link or you didn’t read them yet?

  47. 547
    David says:

    Like the Roadrunner, someone mentions ‘balls’, and pfft shows up. ‘boyoingoing!’

  48. 548
    whatsmyname says:

    re·cal·ci·trant
    rəˈkalsətrənt
    adjective

    having an obstinately uncooperative attitude toward authority or discipline.
    “a class of recalcitrant fifteen-year-olds”
    synonyms: uncooperative, intractable, obstreperous, truculent, insubordinate, defiant, rebellious, willful, wayward, headstrong, self-willed, contrary, perverse, difficult; More
    antonyms: amenable

    Recalcitrant sellers: It is already too late. Sell me your houses. I will tell you the price, and it is much less than you think. Now, Obey!!! And don’t be so willful.

    Also, don’t think you can just hold it through the cycle again, and have it be worth way more than now, like last time. It will be different this time. Notice how houses are becoming a shrinking proportion of the housing market. Soon they will just seem weird, and no one will even rent one from you. I have read in the paper that more people are “choosing” multi-family.

    Do remember that crowded exits is a way less exciting metaphor than inventory tsunami. And do what you like with that.

  49. 549
    whatsmyname says:

    By David @ 542:

    Amazon hiring spree appears to be over/blockquote>

    What if you’re right? With hundreds of millions in long termSeattle lease obligations, HQ2 would look a bit unnecessary. An expensive cluster, if you will – unless you think they can unload that space on others who need 50,000 Seattle employees. Either way, lot of people needing housing.

  50. 550
    David says:

    RE: whatsmyname @ 547 – Go ahead and buy that first floor condo! See what you think. You will be the first down and the last up!

  51. 551
    pfft says:

    By David @ 546:

    Like the Roadrunner, someone mentions ‘balls’, and pfft shows up. ‘boyoingoing!’

    it’s always cute when dirty david’s middle schooler uses his computer.

    BE BEST!

  52. 552
    whatsmyname says:

    By David @ 546:

    Like the Roadrunner, someone mentions ‘balls’, and pfft shows up. ‘boyoingoing!’

    From a technical standpoint, it could be argued that Pfft responded to your term, “insane gibberish”, or that he responded to your posting of a zerohedge link.

    But it was clearly you that responded to the post that mentioned “balls”. And in less than 22 minutes.

  53. 553
    pfft says:

    By whatsmyname @ 551:

    By David @ 546:

    Like the Roadrunner, someone mentions ‘balls’, and pfft shows up. ‘boyoingoing!’

    From a technical standpoint, it could be argued that Pfft responded to your term, “insane gibberish”, or that he responded to your posting of a zerohedge link.

    But it was clearly you that responded to the post that mentioned “balls”. And in less than 22 minutes.

    it took him that long to think of a comeback. at least he even had one given that he’s a MAGA hatter. david what are you going to do when trump is impeached?

  54. 554
    whatsmyname says:

    RE: David @ 549 – I very much agree. I don’t do condo’s. But then again, if you will obey my pricing commands, it could happen. Why be recalcitrant?

  55. 555
    Notme says:

    RE: pedaltothemetal @ 540

    >> I, me, my, moss pit.

    Me, Myself, My Mosspit

    https://www.youtube.com/watch?v=mBRNfWGxBp8

    Mosspits are great for shining Bezo-balls. Everyone knows that.

  56. 556
    Notme says:

    RE: David @ 544

    >>What the hell are you talking about? Inane jibberish.
    By pedaltothemetal @ 543:
    (performance art)

    Great artists are never recognized in their time. Mostly they are dismissed a gibberish. Everyone knows that.

  57. 557
    Notme says:

    There is nothing like a grand Haiku poetry contest to stimulate a bubble that has lost it’s shine. Everyone knows that. To get the balls rolling, I humbly submit

    Mist honourable
    A hairy bezo-balls shine
    despite the moss-pit

  58. 558
    Notme says:

    Dark cascadia
    A large, evil inventory
    enjoying das REIC

    Now I can’t stop. Everyone knows that.

  59. 559
    whatsmyname says:

    H Q 2 is done
    We’ve all the space that we need,
    thanks for applying

    Hey, I like it.

  60. 560
    Paulie says:

    By pedaltothemetal @ 543:

    Do Amazon employees whistle while they shine the bezos balls?

    Or is it mostly pissing in bottles and jumping out of windows?

    That moss pit is surely worth it.

    RE: pedaltothemetal @ 543

    You are a highly advanced comedian and I find your witticisms to be, if I dare say, revolutionary. You should write a book of jokes about Bezos balls. You kind of already have, spread out through the comments section of seattlebubble.com

  61. 561
    pedaltothemetal says:

    baby boom or baby bust?

    https://www.washingtonpost.com/realestate/housing-values-may-fall-as-baby-boomers-die-off-or-sell-off-two-studies-say/2018/07/17/35b0dbf0-890c-11e8-8aea-86e88ae760d8_story.html

    http://www.fanniemae.com/resources/file/research/pdf/housing-insights-homeowner-exodus-071118.pdf

    “These projections indicate that the Baby Boom generation’s massive size, when combined with its aging into the stage of the life cycle when homeownership attrition rises sharply, is likely to cause a jump in the number of older adults departing homeownership. The coming wave of aging-related homeownership departures is projected to be substantially larger than anything experienced to date”

  62. 562
    wreckingbull says:

    I give today’s SB trolling a D+. It might even be worse than the epoch when every comment was corndogs calling people stupid, and his “yeah boss!” sidekick Erik piling on.

  63. 563

    SWE’s MOM Investors Report for June 2018

    Jun 0.24% (0.10%) 0.61% 0.86% (1.20%)
    YTD 1.37% (1.56%) 2.63% 6.17% (2.44%)
    Last 12 mo 2.53% (0.27%) 14.34% 16.85% 7.25%

    Long-term CDs, Long-term Bonds, American Stocks, Foreign Stocks, Foreign Stocks

    Trending for 2018 the long-term CDs have slowed down growth rate to 10% YOY for 2018 projecting the last 6 months of data. Stock Growth is slowed too similarly to a 5.3% YOY for 2018 projection. Where is this going? I have no idea. Some say slow [lower] and steady growth is real….big spurts up and down don’t mean anything. This is not my prediction, its what some of the financial advisors are saying.

  64. 564

    RE: pedaltothemetal @ 560
    Yes this Happens and is Predictable

    The problem is lack of Baby Boomer retirement income coupled with lack of Milenial Income creates the perfect storm in Seattle for single home co-habitation sharing and live-in care giver for the Baby Boomers….look for multiple cars in driveways…this phenomenon is slowing sales IMO.

  65. 565

    I just did a search of listings in a fairly wide area of Fairwood (Renton) for just over 7 days.

    Of the 30 active listings, there are only 2 with between 10 and 20 days on market. 11 are over 20 days, so the vast majority have been on the market less the 10 days. Of the ones over 20 days, all but one has had a price reduction.

    There were 3 properties canceled, with at least 30 days on market.

    There were 5 properties that went pending inspection, two of which had been on the market less than a week, 3 between 29 and 53 days. Those three had all had price reductions.

    There were 12 pending properties, 5 of which were 8 or fewer DOM. Of the remaining 7, only 2 had not had a price reduction.

    There were 13 properties which closed (sold). Of those, 8 had been on the market 10 or fewer days. Only one sold below the original list price. Of the remaining 5, 2 had price reductions and 3 sold below original list, two sold at original list.

    This is evidence of my suspicions that the increased inventory is resulting from sellers and/or their agents overpricing the properties. To the extent that’s true, it’s not so great for buyers, except that they can try to negotiate with those sellers that have been on the market, or try to time an offer to be made right before a price reduction.

    Numbers from NWMLS sources, but not compiled by or guaranteed by the NWMLS.

  66. 566
    redmondjp says:

    2-lot short-plat (approved but not yet recorded) with approved civil site plan, with existing SFH teardown, just sold for $1.06M in my neighborhood near Microsoft. It was last sold in 2015 for $525K.

  67. 567

    By redmondjp @ 565:

    2-lot short-plat (approved but not yet recorded) with approved civil site plan, with existing SFH teardown, just sold for $1.06M in my neighborhood near Microsoft. It was last sold in 2015 for $525K.

    So one lot sold for $525k in 2015 and two lots sold for $503k each in 2018? The market is crashing! ;-)

    Seriously, that somehow reminds me of a recent KOMO piece where they referred to rising RE prices as a reason to increase your home’s insurance. They did have some language in the piece that actually addressed the right information, but it clearly started out wrong.

    And on the topic of insurance, there were two houses in our neighborhood that went up in flames on July 4, 2017. The lesser damaged house looks like it’s almost ready for occupancy–over a year later. I wonder if the pace of new construction delayed those houses being repaired.

  68. 568
    David B. says:

    By pfft @ 552:

    david what are you going to do when trump is impeached?

    I am not the David you are addressing, but that is far from certain. The Democrats are an astoundingly incompetent party, and the system as a whole has proven astoundingly incapable of holding the evil and powerful responsible in any serious way (banksters got bailed out in a sweet deal funded with my tax money, nobody suffered any serious consequences for the war of lies in Iraq, and Nixon walked away scot-free with a pardon).

    Even if the impeachment train leaves the station, Trump could render it moot by resigning or committing suicide (or both). If it’s just a resignation, then President Pence will almost certainly sign a pardon.

    The system is probably too fundamentally rotten to self-correct in any serious way. It exists to serve power, and only the relatively powerless tend to go to jail for their crimes. I’ll actually be very happy if proven wrong on that, but unfortunately that’s the way I see it.

  69. 569
    uwp says:

    Not sure how Trump gets impeached.
    Decent odds Dems take the House in 2018, and maybe 50/50 they take the Senate. But they need 2/3 of the Senate.

    I just don’t see 15 Republicans joining that vote even if Mueller finds the P Tape.

  70. 570
    Matt P says:

    RE: uwp @ 568 – House impechaes and only needs majority for that. Conviction and removal from presidency takes 2/3 of the Senate.

  71. 571
    Deerhawke says:

    I sold a house last fall to a middle manager at Facebook. I ran into him yesterday and we talked about the company’s plans. He said FB is energetically hiring in Seattle and is expanding all kinds of programs to bring people here for training, internships, etc. He said hiring in Seattle is much cheaper than Silicon Valley and so the thought is that there really is no budgetary constraint on hiring here. He expects job listings to double this year and double again next year. That may not mean that hiring will double and double again since the problem really is finding the kind of people they want. Those people are also in demand at Amazon, Google, Microsoft, etc. etc. When I asked him what he thought about Amazon slowing down on hiring in Seattle, he said that was “some kind of PR or just pure BS” and said they were fighting for every qualified candidate.

    He sees any real estate slowdown here as a good thing because it helps them with hiring. But he also wonders how it can continue because they and other tech companies are going to continue hiring here.

    Maybe it is a slowdown, or maybe just a pause while the Puget Sound real estate market gets its skis back under it.

  72. 572
    uwp says:

    RE: Deerhawke @ 570 – No Deerhawke. You don’t understand. This market is over. You don’t have your ear to the ground like the commenters here do.

    David hasn’t seen any Amazon employees buying houses for weeks! Because I guess he goes to open houses and looks for their work badges or something?

    We are only days away from Amazon shutting down operations here and moving 50,000 employees to HQ2. Clearly Microsoft, Facebook, Tableau (etc etc) will be going with them.

    We had a good run everyone.

  73. 573
    Deerhawke says:

    RE: uwp @ 568

    Agreed. And it would not be easy to get him out even if Putin released the pee tape and Trump’s tax returns and evidence that Trump and/or family members were engaged in a conspiracy.

    Why? Here is a fascinating view into the alternate reality (with its own alternate facts) that motivates David, Software Engineer and their ilk.

    https://www.washingtonpost.com/news/morning-mix/wp/2018/08/01/we-are-q-a-deranged-conspiracy-cult-leaps-from-the-internet-to-the-crowd-at-trumps-maga-tour/?utm_term=.6afc4fec8df7&wpisrc=nl_most&wpmm=1

  74. 574
    Notme says:

    Amazon freeze jobs
    deerhawke waxing eloquent
    facebook the rescue

    –a bubble Haiku

  75. 575
    Notme says:

    Facebook stock fell hard
    seattle holding moldy breath
    Zuckerberg or bust

    –a bubble Haiku

  76. 576
    Deerhawke says:

    RE: uwp @ 571

    I appreciate the sarcasm and share the sentiment.

    Another thought about tech hiring and the real estate market in Seattle and on the East Side.

    A family member is at Microsoft. We had a glass of wine this past week and he talked at length about his new assignment and some related projects. I won’t go into a lot of details but I will have to say that I think Microsoft under Satya Nadella is a completely different company than under Balmer. I even said to him, “Wow, this is not Steve Balmer’s Oldsmobile,” and got a good laugh out of him.

    The drive, the sense of momentum, the fun of creating new technologies is on its way back– along with the belief that they can win.

    I am a long-time Apple guy (I had a 128K Mac and everything since then) and never thought I would say anything nice about Microsoft. It always amazed me how they could throw billions at crappy companies and dead technologies. It always amazed me that they could buy good companies and technologies and turn them into dust.

    But this is turning into a really different company. They are actually turning the corner to embracing innovation.

    Yeah, there is probably a lot of dead-wood fighting the change at Microsoft. But if any of what he talked about happens, then Microsoft is going to be hiring a lot of people in the area going forward. Just another reason I am an optimist about real estate values in the area over the long term.

  77. 577
    uwp says:

    ocean mountains lakes
    buy now. priced out forever
    you cannot build land

    –a bubble Haiku

  78. 578
    David says:

    Trump’s going to be Prez all the way through. Nothing Deerhawke fantasizes about is going to happen. Trump was not a politician. The powers that Edward Snowden talked about and outed are real more than it seemed though. Chuck Schumer said that the Intelligence Community has ways of getting at someone they don’t like before Trump took office. And he said it as a direct threat to Trump.

    So Trump and Trump alone is the only one telling the truth. Well, Schumer told the truth that one time.

    If Trump were removed, the economy would crash.

    By Deerhawke @ 572:

    RE: uwp @ 568

    Agreed. And it would not be easy to get him out even if Putin released the pee tape and Trump’s tax returns and evidence that Trump and/or family members were engaged in a conspiracy.

    Why? Here is a fascinating view into the alternate reality (with its own alternate facts) that motivates David, Software Engineer and their ilk.

    https://www.washingtonpost.com/news/morning-mix/wp/2018/08/01/we-are-q-a-deranged-conspiracy-cult-leaps-from-the-internet-to-the-crowd-at-trumps-maga-tour/?utm_term=.6afc4fec8df7&wpisrc=nl_most&wpmm=1

  79. 579
    David says:

    By Deerhawke @ 570:

    Maybe it is a slowdown, or maybe just a pause while the Puget Sound real estate market gets its skis back under it.

    I hope this is true. But I have not seen anything indicating FB or MSFT are hiring at the level AMZN has been.

    ZeroHedge is a short-sellers type of website, so they have to be read with that in mind. Short-sellers seem to always be obstinate contrarian a-holes. Who are sometimes very right.

    See MiMedx for a VERY recent example.

  80. 580
    uwp says:

    RE: David @ 578
    Zerohedge has been negative since it was founded (2009). And it’s been wrong the entire time.

  81. 581
    pedaltothemetal says:

    Yes! Ballmer liked the indentured labor, but Nadella likes it even more! Solid history with the cast system.

    Make Seattle Hyderabad again!!

  82. 582
    uwp says:

    RE: pedaltothemetal @ 580
    I dedicate this one to pedaltothemetal:

    it’s cloudy today
    no blinding glare off the balls
    perfect time to shine

    –a bubble Haiku

  83. 583
    David says:

    By uwp @ 579:

    RE: David @ 578
    Zerohedge has been negative since it was founded (2009). And it’s been wrong the entire time.

    Wrong

  84. 584
    David says:

    By pedaltothemetal @ 580:

    Yes! Ballmer liked the indentured labor, but Nadella likes it even more! Solid history with the cast system.

    Make Seattle Hyderabad again!!

    Correct!

  85. 585
    pfft says:

    By David @ 577:

    Trump’s going to be Prez all the way through. Nothing Deerhawke fantasizes about is going to happen. Trump was not a politician. The powers that Edward Snowden talked about and outed are real more than it seemed though. Chuck Schumer said that the Intelligence Community has ways of getting at someone they don’t like before Trump took office. And he said it as a direct threat to Trump.

    So Trump and Trump alone is the only one telling the truth. Well, Schumer told the truth that one time.

    If Trump were removed, the economy would crash.

    By Deerhawke @ 572:

    RE: uwp @ 568

    Agreed. And it would not be easy to get him out even if Putin released the pee tape and Trump’s tax returns and evidence that Trump and/or family members were engaged in a conspiracy.

    Why? Here is a fascinating view into the alternate reality (with its own alternate facts) that motivates David, Software Engineer and their ilk.

    https://www.washingtonpost.com/news/morning-mix/wp/2018/08/01/we-are-q-a-deranged-conspiracy-cult-leaps-from-the-internet-to-the-crowd-at-trumps-maga-tour/?utm_term=.6afc4fec8df7&wpisrc=nl_most&wpmm=1

    Trump lies on an industrial scale. probably nobody in history has lied more than donal trump. he’s up to almost 5,000 lies. He’s at 16 lies per day.

    https://www.washingtonpost.com/news/fact-checker/wp/2018/08/01/president-trump-has-made-4229-false-or-misleading-claims-in-558-days/?noredirect=on&utm_term=.cf34a0523167

    If you don’t believe the WP I have a canadian source ready.

    Last night he said you can’t buy groceries w/o an ID. groceries! He doesn’t know anything about nothing.

    I buy alcohol and scratch-offs all the time w/o ID. I see people buy cigarettes all the time w/o ID. Showing ID is for new hires.

    “Chuck Schumer said that the Intelligence Community has ways of getting at someone they don’t like before Trump took office. And he said it as a direct threat to Trump.”

    Mueller has Rick Gates and Mike Flynn singing so we will know what happened. We also don’t know what audio evidence the intel community has. An Eastern European intel agency was one of the first to warn our government.

    “If Trump were removed, the economy would crash.”

    LOL.

  86. 586
  87. 587
    pedaltothemetal says:

    Amazon… the ideal shopping experience for the delicate Seattlite who always wanted to shop at WalMart but were afraid of what their friends might say.

    How is that sausage made?
    http://digg.com/2018/amazon-workers-pee
    https://www.theatlantic.com/business/archive/2018/08/the-problem-with-bezos-billions/566552/

    Now take the kiddos out to the park for a game of needles and bezos!

  88. 588
    redmondjp says:

    RE: pedaltothemetal @ 585 – I went to a Walmart in Eastern WA a couple of weekends ago. It was spotless inside! And they had every type of motor oil imaginable on the shelf (unlike the local stores here) and for better prices than here as well. I bought a few gallons of motor oil and transmission fluid since I can never find them on the shelf locally.

  89. 589
    David says:

    Wow, pfft, you actually put something useful on here. Here’s a carrot for you. Please put it in your mouth.

    By pfft @ 584:

    Real House Prices and Price-to-Rent Ratio in May
    https://www.calculatedriskblog.com/2018/07/real-house-prices-and-price-to-rent.html

  90. 590
    Anonymous Coward says:

    By David @ 578:

    ZeroHedge is a short-sellers type of website, so they have to be read with that in mind.

    ZeroHedge is a Russian propaganda website, so they have to be read with that in mind.

  91. 591
    Paulie says:

    http://mynorthwest.com/1066489/woman-stalked-squatters-seattle-house/amp/

    Interesting new approach to acquiring a home in Seattle…

  92. 592

    By David @ 582:

    By uwp @ 579:

    RE: David @ 578
    Zerohedge has been negative since it was founded (2009). And it’s been wrong the entire time.

    Wrong

    Well, they probably have been right about one or two things–broken clock. But citing to Zero Hedge on an economic matter is like citing to BGR on a tech matter. Or to this article on financing:

    https://www.realtor.com/advice/finance/fha-loan-what-i-wish-known/

    Seriously, this person is claiming to be some sort of a reporter on financial issues–shockingly bad article. Not really clear when she did her purchase transaction, but it was within the past 5 years because that’s how long it’s been since FHA changed their policies. So not a lot of depth there (but it gets picked up by Realtor Magazine /rolleyes).

  93. 593

    By redmondjp @ 586:

    RE: pedaltothemetal @ 585 – I went to a Walmart in Eastern WA a couple of weekends ago. It was spotless inside! And they had every type of motor oil imaginable on the shelf (unlike the local stores here) and for better prices than here as well. I bought a few gallons of motor oil and transmission fluid since I can never find them on the shelf locally.

    Walmart is great for motor oil. The local auto parts stores are more interested in selling crappy audio equipment and such than actually stocking oil. And the price difference is significant if you get the 5 quart size (which the auto parts place doesn’t carry).

    And 2-3 years ago a Walmart in Idaho was the first place I ran into that used the chipped credit card readers. I can’t wait for them to implement their “Amazon Go” type technology locally so I don’t have to deal with their lines.

  94. 594

    For some reason my response to David on Zerohedge (a/k/a Zerothought) got caught up in moderation. So here’s the portion that dealt with an bad article on financing (the connection being a poor source of information.

    https://www.realtor.com/advice/finance/fha-loan-what-i-wish-known/

    Seriously, this person is claiming to be some sort of a reporter on financial issues–shockingly bad article. Not really clear when she did her purchase transaction, but it was within the past 5 years because that’s how long it’s been since FHA changed their policies. So not a lot of depth there (but it gets picked up by Realtor Magazine /rolleyes).

  95. 595

    I Miss the Good Old Days

    When Walter Cronkite gave real news we believed on CBS….LOL….almost everything linked with the MSM now is all partisan brainwashing, when did this happen? Ya see why I go where no man went before for raw data and do my own journalism now?

  96. 596

    Before the Trump Derangement Syndrome Neurosis

    We could put party support bumper stickers and such on our Seattle cars…now, Trump supporters face liberal Fascism destroying their car if they display a Trump Support Sticker. You don’t see bumper stickers for far left Socialist Democrats either, but that’s because we all mostly hate these open border types anyway….

    http://www.capecodtimes.com/news/20180731/woman-accused-of-hitting-car-in-hyannis-after-confrontation-over-bumper-sticker

    This is not a good partisan climate for selling real estate IMO….it makes our Sanctuary City look undesirable.

  97. 597

    By softwarengineer @ 595:

    I Miss the Good Old Days

    When Walter Cronkite gave real news we believed on CBS….LOL….almost everything linked with the MSM now is all partisan brainwashing, when did this happen? Ya see why I go where no man went before for raw data and do my own journalism now?

    I sort of wonder if it was better back then or if we were just more naive. Personally I suspect that journalists did try to be more impartial and unbiased, but I’m not certain of that by any means. About the only thing I have to point to is the press reportedly being aware of some of JFK’s womanizing without any of that leaking out. Back then news may have been more about news that ratings/advertising/eyeballs.

  98. 598

    They Replaced the Bachelors of Science in Math With a Bachelors of Arts in Math in Seattle Public Schools

    Its a complete joke, but by gosh, there’s money for English as a second language in our Seattle public Schools:

    https://www.charlotteobserver.com/news/local/education/article215848065.html

  99. 599

    RE: pfft @ 508
    Trump Fails At Business

    That’s why he is so rich….LOL

    Name one successful individual or business in America, including yourself Pffft, that is perfect. We all make mistakes in investments, Hades Buffet lost his shirt in the stock market recently, etc, etc, etc…

    Somehow Trump is suppose to be perfect? LOL

    Ideally, even SWE pulled out of stocks too early, I miss calculated the Trump economic stock 401K boom…I’m human, so is everyone Pffft…

  100. 600
    pfft says:

    By softwarengineer @ 599:

    RE: pfft @ 508
    Trump Fails At Business

    That’s why he is so rich….LOL

    Name one successful individual or business in America, including yourself Pffft, that is perfect. We all make mistakes in investments, Hades Buffet lost his shirt in the stock market recently, etc, etc, etc…

    Somehow Trump is suppose to be perfect? LOL

    Ideally, even SWE pulled out of stocks too early, I miss calculated the Trump economic stock 401K boom…I’m human, so is everyone Pffft…

    remember that time he paid the state of NY $20 million because he ran a fake university? Remember that time the state of NY shut down his charity because it was run so poorly.

    Trump inherited $40 million dollars when his father died, worth some $150 million in todays dollars. If he put it in the bank and got out of real estate he’d probably have more money.

    He is brilliant at one thing, he made his name into a brand. he deserves credit for that. not everyone thinks the Trump brand is luxury but a lot do.

  101. 601
    Justme says:

    RE: softwarengineer @ 595

    >>I Miss the Good Old Days
    >>When Walter Cronkite gave real news we believed on CBS….

    Even Saint Walter was not able to prevent or STOP the almost unimaginable atrocity that was the Vietnam War. Cronkite may have been better than most TV newsmen, but there was no viable alternative media when Cronkite started anchoring the news around 1962.

    Then again, in 2002-2003 it was widely reported by alternative news media (yes, blogs and such, even UN reports) that Iraq and Saddam Hussein possessed no Weapons of Mass Destruction (WMD). But the Bush/Cheney/Rumsfeld/Wolfowitz/Abrams/Perle/Bremer (etc) neocon WND propaganda was much stronger and the end result was a horrible and illegal war, AGAIN.

    The more things change, the more they remain the same. Propaganda adapts to the circumstances. Those with the most money to spend on propaganda often win. Fight back!

    …also just saw what Kary wrote along the same lines. Yes, I think people were more naive in 1950s-1960s. All you had to do was to scream “The Communists are Coming”, and they would agree to just about any atrocity. Wait a minute. That’s just like now. Just scream “The Muslims are coming”, and people will turn a blind eye to endless war and atrocities still. Especially because there is no mandatory military service. Regular boys getting killed in Vietnam is the only reason Americans started caring about that war. Pentagon learned its lesson. No draft. Just hire professional soldiers from poor and immigrant families. Give their families a gold star. No problem.

    And now “The Russians are coming!!”. Again. When will the American public learn to see through the propaganda?

  102. 602
    David says:

    I don’t really care about ZeroHedge. But I do care that no one commented on my carrot joke.

    Also, Walmart is necessary for the USA to operate and survive. Amazon is not necessary, but a luxury item.

  103. 603
    wreckingbull says:

    RE: David @ 602 – I guess I am a special hardcore survivalist, because I have only been to a Walmart once, to buy Chevron Delo oil. The experience was not worth the slight cost savings, and now I just get it at my local NAPA.

    If AWS went away today, you would see a major disruption, across all industries – energy, finance, retail, government, and more.

    https://www.cnbc.com/2018/02/03/aws-is-the-fifth-biggest-business-software-company-in-the-world.html

  104. 604
    David says:

    Yes, you are right. You really do see America for what it really is at Walmart. I was at the Renton store last month and a guy walks in with a pitbull that stops to urinate on some drinks to mark his territory. I protested to management and they wiped it up but never removed the drinks. I even protested about that and they just shrugged it off. Astonishing.

    I sent a letter to corporate and THEN they did something about it. They put up “No Dog” signs unless a legit service animal.

    I could care less if it is a service animal. Dogs don’t wear pants – sort of like pfft.

    By wreckingbull @ 603:

    RE: David @ 602 – I guess I am a special hardcore survivalist, because I have only been to a Walmart once, to buy Chevron Delo oil. The experience was not worth the slight cost savings, and now I just get it at my local NAPA.

    If AWS went away today, you would see a major disruption, across all industries – energy, finance, retail, government, and more.

    https://www.cnbc.com/2018/02/03/aws-is-the-fifth-biggest-business-software-company-in-the-world.html

  105. 605
    Deerhawke says:

    RE: Paulie @ 591

    Builders deal with the squatter problem all the time. Buy a house and wait months for permits. In the meantime, your place shows up on a secret squatter website. If they see lights on during the daytime, that is a sign to them. But if you have a permit in process, that is a dead give-away.

    I had a project in Eastlake where the neighbor called to tell me there were squatters. It seemed unlikely because the front yard was immaculate and I never saw any lights on when I drove by in the evening. But a quick look from the alley showed a path worn in the grass to a side door. When I looked in a window, I realized I couldn’t see anything because the squatters had taped up black plastic in every window.

    I called the police and they told me not to go in. They said to wait for a call from them and they would meet me there. A week passed and I called to tell them I was going in — and was armed ( a fib to see if it got a response). They told me to hold off because they would be there in 20 minutes– and they were.

    Impressive entry like on TV with guns and flashlights drawn shouting “Clear” after each room and closet. Two homeless guys scooted out that side door with a big pitbull on a rope. They had their backpacks packed and ready to go. What they left behind was all stuff stolen from homes, cars or stores in the area. Lots of empty prescription bottles and cell phones.

    If you spend any time in my job, you realize that there is a hard core of the homeless who are unlike the other homeless and very hard to sympathize with. They are not so much homeless as lawless– and want to stay that way.

  106. 606
    David says:

    Pit Bulls are natures way of telling you the owner is a little small of testicle and even smaller in IQ or temperament.

  107. 607
    redmondjp says:

    RE: Deerhawke @ 605 – I’ve been checking the teardown near me almost daily for any signs of squatters. Even here in Redmond they can be a problem – maybe the house got on one of those websites last year, as we had the police come over a few times to deal with people trying to do so.

  108. 608
    OA says:

    By pfft @ 539:

    By OA @ 528:

    RE: pfft @ 504

    Cry me a river.

    Everything Trump touches turns to crap. Sell the MAGA hat while you can.

    Trump ran a fraudulent university and his charity got shut down. He couldn’t even run a charity. Things were so bad at his charity there might be criminal charges.

    Experts: AG suit builds towards possible criminal case against Trump
    https://www.cityandstateny.com/articles/policy/criminal-justice/donald-trump-criminal-case-new-york

    I grew up in an apolitical family, it was never something we cared about. People have brains and should be able to have their opinions. I’m not a Trump fanatic and find alot of the things he says abhorrent. But he’s an elected official, deal with it. However, I also despise the delusional speech that comes from many of his critics/haters. It’s likely what got him elected in the first place.

  109. 609
    pfft says:

    By OA @ 608:

    By pfft @ 539:

    By OA @ 528:

    RE: pfft @ 504

    Cry me a river.

    Everything Trump touches turns to crap. Sell the MAGA hat while you can.

    Trump ran a fraudulent university and his charity got shut down. He couldn’t even run a charity. Things were so bad at his charity there might be criminal charges.

    Experts: AG suit builds towards possible criminal case against Trump
    https://www.cityandstateny.com/articles/policy/criminal-justice/donald-trump-criminal-case-new-york

    I grew up in an apolitical family, it was never something we cared about. People have brains and should be able to have their opinions. I’m not a Trump fanatic and find alot of the things he says abhorrent. But he’s an elected official, deal with it. However, I also despise the delusional speech that comes from many of his critics/haters. It’s likely what got him elected in the first place.

    So what you believe to be abhorrent is not crazy but some of us are delusional? Ok.

    1. Trump has a very low approval rating. Historic even.

    2. He jailed kids because he doesn’t want brown people coming into the country.

    3. He probably collaborated with the Russians. They went from no meetings(mike pence said why would they meet with the russians?) to Rudy’s collusion is magic! magical mystery tour.

    We probably aren’t paranoid enough. Trumps middle east and China dealings look sketchy.

  110. 610
    OA says:

    By pfft @ 609:

    By OA @ 608:

    By pfft @ 539:

    By OA @ 528:

    RE: pfft @ 504

    Cry me a river.

    Everything Trump touches turns to crap. Sell the MAGA hat while you can.

    Trump ran a fraudulent university and his charity got shut down. He couldn’t even run a charity. Things were so bad at his charity there might be criminal charges.

    Experts: AG suit builds towards possible criminal case against Trump
    https://www.cityandstateny.com/articles/policy/criminal-justice/donald-trump-criminal-case-new-york

    I grew up in an apolitical family, it was never something we cared about. People have brains and should be able to have their opinions. I’m not a Trump fanatic and find alot of the things he says abhorrent. But he’s an elected official, deal with it. However, I also despise the delusional speech that comes from many of his critics/haters. It’s likely what got him elected in the first place.

    So what you believe to be abhorrent is not crazy but some of us are delusional? Ok.

    1. Trump has a very low approval rating. Historic even.

    2. He jailed kids because he doesn’t want brown people coming into the country.

    3. He probably collaborated with the Russians. They went from no meetings(mike pence said why would they meet with the russians?) to Rudy’s collusion is magic! magical mystery tour.

    We probably aren’t paranoid enough. Trumps middle east and China dealings look sketchy.

    Ummmm, yes, I believe that Trump says crazy nonsense and I also believe that plenty of his critics are delusional. These aren’t mutually exclusive, do i have to take one side only?

    as to your 3 points above:

    1) sure, and if this holds true then he won’t get re-elected in 2020. Also, I remember going into election day most news networks were giving Hillary a 90+% of winning…and you know how that went.

    2) here you’re just trolling, I’m not biting on this one

    3) Maybe he did, maybe he didn’t. If he did, then let’s hope we get some concrete evidence sooner than later and impeach him. If he didn’t, then this is a waste of everyone’s time (more likely scenario).

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