Comments like this one crack me up: I am not sure what I have stumbled in on. This is the first time I’ve seen this blog. It seems as though this site is a place where people are trying to convince themselves that the Seattle real estate market is going to fail and that it…
Category: Features
On Luxury Cars and World Class Cities
My car is so great. It has a built-in CD player, a driver’s seat with four independent adjustments, a tasteful spoiler, a spacious trunk, climate control, a powered sunroof, and gets over 30 miles to the gallon. It’s comfortable, good-looking, and fun to drive. My car is comparable to a BMW or a Lexus, and…
Seattle Bubble Concedes Defeat
Well everyone, it’s been a fun couple of years, but the time has finally come for Seattle Bubble to throw in the towel. Paul Campbell, Some rights reserved. We’ve analyzed the local market from every conceivable direction, explained all the logical reasons why today’s Seattle home prices are not sustainable, watched the national housing market…
Get on the equity escalator and trade up later!
I am hoping someone here will be able to clear this one up for me. One of the frequently-repeated arguments that real estate salesmen use to try to convince the renter-serfs to buy a home is that once you buy a home, your costs are fixed. While that’s not entirely true (taxes, insurance, and maintenance…
Rent vs Purchase: A Comparison
Also posted at Priced Out Forever. Buy If You Must. Why Must You Buy? by guest poster Eleua (with contributions and spreadsheets by Tim) Click here to download the Excel Spreadsheet that the numbers below are based on. I need to take a step back and insert a personal note. While I disagree with the…