The Seattle P-I Virtual Editorial Board highlighted an excellent comment to an editorial about the $1.6 billion tax package. A reader going by the handle "Face Reality" made the following insightful observations: Seattle has no coherent "tax plan": Or finance, revenue, fiscal or spending plans for that matter. It hasn’t for over 20 years. A…
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.
Conflicting Reports On Luxury Homes
Depending on who you want to listen to, the luxury home scene is either a stagnant buyers market or it is trending upward. The Seattle Times reports on the small number of buyers relative to million-dollar-plus listings. There are dozens of grand homes — daresay mansions — such as the Westwold in Snohomish County. Yet…
Shocking: Tax Assessments Continue Climb
I hope you’re sitting down, because you’re in for a shock. Get this… when "hot, hot, hot" home prices "soar" "sizzle" and make "huge gains," tax assessments that do the same aren’t far behind! I know—who would have thought! Linda Peterson’s 1,200-square-foot rambler in Monroe has the same avocado-colored sinks it had when she bought…
Wednesday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
Zillow Releases Market Report, P-I Swoons
Enjoy this puff piece from today’s Seattle P-I about the latest report from Zillow on Seattle’s “impressive” real estate market. A steady stream of potential buyers flowed through a big Craftsman house a couple of blocks from Green Lake on Sunday, apparently undeterred by its $695,000 asking price. The house went on the market Aug….