Despite the fact that wages have basically been stagnant while daily expenses such as gasoline have been, shall we say, upwardly mobile, the state continues to rake in record revenue. Chang Mook Sohn, the state’s chief economist, said today that his outlook for tax collections for the 2007-09 biennium shows ever increasing revenues that lawmakers…
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.
Seattle Soft Landing: Do The Math
A while back, a commenter made the following claim: What history tells us will happen is that prices will level off, and appreciation rates will reflect your average inflation rates (on average) until wages catch up with home prices and the fundamentals start to match back up. As most of you know, this scenario is…
The Case For Condo Mania
In the interest of being even-handed, I present to you the case for downtown condo mania, courtesy of the Seattle Times. The more housing we build downtown, the more desirable downtown becomes for all — residents, workers, visitors and tourists. Many people who live downtown invest in downtown. They donate their time and resources to…
Local Real Estate Blog Talks Bubble
Over at the P-I’s Seattle Real Estate Professionals blog, Gregory Wharton (identified as an architect and developer) is in the middle of a very detailed series of posts tackling the subject of—you guessed it—a real estate bubble in Seattle. In the next series of posts on the subject, I’ll investigate Seattle housing prices and associated…
Seattle 2010 = Vancouver, BC 2.0?
Apologies for the lack of posting yesterday. I spent all day at the Art Institute downtown with my wife, at her “portfolio day,” which marks her completion of the “Residential Design” program. If you know someone that needs an interior designer for cheap (since she’s just getting started) shoot me an email. Moving on… If…