A common argument about housing prices that I’ve personally noticed popping up frequently in the last few weeks is that they are as high as they are here in King County thanks in very large part to the Growth Management Act (GMA). Specifically, the argument claims that the Urban Growth Boundary (UGB) has so limited…
Category: News
News, current events, etc.
Bubble Link Roundup
It’s time for another link roundup: a list of links that are worth posting, but not each as their own post. Some of these are Seattle-specific, some aren’t. Keith at Housing Panic provides a concise history of the housing bubble. Calculated Risk expects a recession in ’07 and explains what would change his mind. The…
"This is a great time to buy a home."
Check out this absolutely delightful paid advertisement masquerading as a “guest editorial” in today’s Seattle Times. It’s penned by Mr. Samuel L. Anderson, the executive officer of the Master Builders Association of King and Snohomish Counties. The media have been all abuzz over the past year about the softening in the housing market. … At…
Hello Again, Condo Anecdote
This is at least worth a brief mention. Another unit has come up for sale in the condo complex in my neighborhood that was the subject of my first anecdotal post. Actually, it’s not “another unit” but rather the same unit that sold just over a year ago. In December 2005 Unit #6 was bought…
If the MLS is an advertisement…
At the risk of beating a dead horse, I’d like to continue Friday’s conversation about the re-listed house on Avondale. Thanks to yet another reply by Ms. Reed as well as a series of replies from Ardell, it has finally gotten through my thick skull that “cancel and relist” is different from “let expire and…