I’ve got a strange schedule today so unfortunately I won’t be able to post anything of substance until later today, if at all. Consider this an open discussion thread. Feel free to post links to the most interesting bubble stories you’ve seen this week, discuss your personal purchase plans… whatever. If you want a distraction…
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.
Even Rent Unaffordable To Thousands
Here’s a delightful story for everyone out there that’s cheering on huge “price gains” in real estate and rooting for rents to climb. The King County Housing Authority, which recently reopened its waiting list for rental assistance for poor residents, received 11,778 applications in a two-week period — an all-time high for the agency. That…
Wont Last Long
Check out the listing description for a condo in Redmond, listed at $165,000: nice clean spacious condo w/territorial view, lots of storage, assigned parking in garage. located near public parking and shopping. gated community w/lots of amenities. new plumbing, new elevator. wont last long at this price. Setting aside the author’s apparent disdain for the…
More Banking Job Shrinkage
More mortgage job losses for Washington State: Washington Mutual Inc., the nation’s largest savings and loan, notified 1,400 workers in Washington and Florida on Tuesday that they will lose their jobs as part of the company’s cost-saving strategy. About 850 workers at the company’s call center in the Seattle suburb of Canyon Park were told…
Homeowners To Fund Road Repairs?
What’s the solution to Seattle’s traffic problems? Well, apparently if you ask the Mayor, the solution is a tax hike… on homeowners. Since 1998, voters have passed five levies: $117 million for education, $86 million for low-income housing, $72 million for the Seattle Center and community centers, $198 million for parks and $167 million for…