Remember how when prices were going up, up, up, one of the reasons it was allegedly justified was “high construction costs”? See this post for a lengthy example of a local real estate professional making that argument. Well, luckily for us, it would seem that construction costs are dropping like a rock. Or, perhaps not…
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.
Two Years Too Late: Legislature to Address Condo Conversions
Here’s a follow-up to yesterday’s condo re-version story. Just in time for the condo conversion mania to switch directions, while supply and demand do that thing they do so well, here comes the State Legislature to “fix the problem.” Renters forced from their apartments to make way for condominiums would get more time to find…
Repartmenting Around Seattle
Looks like the repartment trend has picked up enough steam in Seattle to catch the attention of the press. Specifically, the Sunday Times yesterday featured an article titled “Re-apartments” blooming. The newest trend in the Seattle rental market is a “re-apartment” — an apartment that was converted to a condo and is now being converted…
Vote for Seattle Bubble?
Apparently Seattle Bubble is involved in some sort of contest over at Metroblogging Seattle. At the moment it looks like we’re getting trounced. [Update: Now we’re the ones doing the trouncing, thanks!] Maybe if you care about that sort of thing you could take a few seconds to go vote. Not that I have any…
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