I’d like to welcome Chad (aka synthetik) as the latest to join the Seattle Bubble team. He brings a unique perspective to the blog, and I’m looking forward to some of the posts he has in the works. Additionally, I’d like to announce that for at least the short-term future, I’m turning off anonymous commenting….
Category: Uncategorized
Friends Don’t Let Friends Buy Sub Prime
Have you ever wanted to ask a friend or co-worker, “So… how much did you pay for this baby?” Of course, it’s really none of your business, but inquiring minds want to know. That’s one of the great (or not so great) things about Zillow. You can pry into someone’s life and be as rude…
Global Insight: Seattle Overvalued By 33.8%
While Economy.com’s secret formula based on “an econometric model” forecasts Seattle home prices to increase 59% over the next 10 years, economic and financial research company Global Insight begs to differ. According to their own non-secret formula, Seattle home prices are overvalued by 33.8%, up from 22.3% overvalued at this time last year. Check out…
Update Zillow—Pay More Taxes?
With the crazy run-up in home prices of the last few years, homeowners (as a collective whole) have become somewhat two-faced when it comes to the value of their homes. On the one hand, they proudly tout how much value the granite countertops and other home upgrades have added to their home. They nestle all…
Foreclosure Scams Prey On Suicidal Loans
Thanks to a few commenters in today’s open thread for pointing out this article in today’s P-I about foreclosure scams. Most of the article is dedicated to telling the tales of local homeowners that were scammed out of their homes, but there are a few quotes that are of specific interest to the bubble subject….