5,000-acre flopped development in Pierce made front-page news in the Tacoma News Tribune today: Chapter 11 for Cascadia http://is.gd/4oCjp # PSBJ: Mastro Properties is in worse financial condition than “many creditors imagined." http://is.gd/4oHFI # New Seattle web-based news outlet The SunBreak takes a look at Seattle's commercial real estate mess: http://is.gd/4oIvA # What the heck?…
Author: 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.
Weekend Open Thread (2009-10-23)
Here is your open thread for the weekend beginning Friday October 23rd, 2009. 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…
Where the Jobs Are (and Aren’t), September 2009
Here’s a quarterly check on the jobs situation around Seattle, courtesy of data from the Washington State Employment Security Department. The style of these charts are stolen from the excellent San Diego housing reporter Rich Toscano. First up, here’s a two-year chart (stolen from my subscription journal Sound Housing Quarterly) of the year-over-year change in…
Extension to Fraud-Laced $8k Homebuyer Tax Credit to Piggy-Back on Unemployment Bill?
Here’s a pair of somewhat conflicting stories about the push to extend and expand the inefficient, expensive, economically stupid $8,000 first-time homebuyer tax credit. From the real estate news source Inman News: Final push for tax credit Real estate industry trade groups are mounting a final push for an extension of the first-time homebuyer tax…
Mid-Week Open Thread (2009-10-21)
Here is your open thread for the mid-week on October 21st, 2009. 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…