Click to enlarge A number of readers pointed out these comments by Bainbridge Island portfolio manager and part-time prophet Carl Haefling (who I admit I’ve never heard of): It takes time for the housing market to fully unravel, we are in the early stages of stage 1. Stage 1 is where the market begins to…
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.
Big Boeing Bonus… Bubble Booster?
Given that the housing bubble is so closely tied to the economy, both on a national and a local scale, I feel compelled to mention the $346,500,000 stock infusion that will soon be distributed among 63,000 Puget Sound residents. If Boeing’s stock ends the day near Thursday’s closing price of $83 a share, employees will…
South King County: Affordable Slum
There may still be one part of King County that has affordable housing, but apparently only to the detriment of pretty much every other quality of living measurement: South King County residents have more problems with obesity, feel less safe from neighborhood crime, and are more likely not to have health insurance than those who…
Condo Demand To "Outstrip Supply"
With the talk of all the new condos that are allegedly on their way to downtown, we’ve been wondering where all the demand will come from to fill them. Here are three possible answers: Suddenly, a proliferation of new high-rise residential tower projects is on the books, in for permits, or under construction. In downtown…
New Construction Costs In Seattle
In a recent post in his continuing series on whether or not Seattle is in a bubble, Gregory Wharton took a look at the actual cost of producing new houses. After doing a bit of math on construction costs, he made the following claim: …the comparative value of new construction for the median Seattle home…