This is pretty big news (to put it lightly), so I don’t want to ignore it even though I try to focus on Seattle-specific news here usually. On Friday news came out that Fannie Mae and Freddie Mac will basically be taken over by the US Government this week. I don’t see any point in…
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.
Ron Sims: Realtor Mouthpiece?
I think this deserves its own (very brief) post: By early next year, many will come to regret their decision to delay buying a home. – King County Executive Ron Sims, September 4, 2008 Spotted by commenter “K” on Twitter. Well golly, if Ron Sims “tweeted” it, it must be true!
DIY Solution for Affordable Housing
I expect August stats from the NWMLS to be posted either today or tomorrow, but here’s something from the lighter side to kill some time until then. Mark Zimmerman (zim) had a problem that many have been faced with thanks to the housing bubble: A few years back, I got tired of living the American…
Has Greed Ruined Seattle’s Livability?
I received the following in an email from a reader: About the condo—comment article… the real issue is not the really cheap/ugly/tasteless and likely unlivable condos (apartments). Nor is it the equally horrible “townhouses.” It is about greed and lack of public (government) oversight and control. The developers wanted the money, the government wanted the…
RE Bust Leads to 16% Capital Fund Deficit in Tacoma
The Tacoma News Tribune reports on a $7.2 million shortfall in the city budget, thanks to a 36% drop in expected real estate taxes: The City of Tacoma may have to delay or slow construction on some projects in order to patch a projected $7.2 million shortfall from real estate taxes this budget cycle. The…