An answer is shaping up to the question of what is going to happen to all the extra revenue that the state has been raking in thanks to the real estate boom/bubble. If Representative Larry Springer has his way, a big chunk of the (presumably) continuing flow of cash from real estate taxes will be…
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.
Developers Fight Tall Condo Tax
Roughly two weeks ago, the city of Seattle released news of a plan to Tax condos for “Affordable Housing”. Today news breaks of the developers firing back: Downtown Seattle condominium developers punched holes Wednesday in a City Council-sponsored study suggesting that they could pay more for affordable housing and still reap big profits from taller…
Good News / Bad News For Seattle Condos
More news on downtown Seattle condos comes today via the Seattle P-I, and it’s a good news / bad news sort of thing. All signs point to go in the completion of downtown Seattle’s recovery from the last economic downturn — but if developers aren’t careful, they could overbuild and be left in the lurch….
Stale Listings Increasingly Cancelled/Relisted?
An anonymous reader sent me the following email: I have to stay anonymous with this. I just got an e-mail from an appraiser that sends in good information to me from time to time. It appears that agents are doing this old trick to manipulate exposure for their listings that are languishing. This means that…
Seattle Not Historically Immune To Price Drops
Here’s a blast from the past, courtesy of Tim from Snohomish Co. Real Estate. Source: Seattle Times. Dateline: January 10, 1991. Headline: Falling Home Prices Hit Eastside Hardest: Home prices on the Eastside have slid 12 percent since last summer and are expected to fall that much more before heading back up. The drop from…