Hah! Builder "calculator" aims to "open the eyes of home shoppers to the 'dark side' of foreclosures" http://t.co/FjwOyURz via @SeattleTimes # False claim in that article: That buyers of foreclosures purchase "typically with no professional inspection." http://t.co/FjwOyURz # Random: "The Bronson Pinchot Project" a TV show where he restores old homes. (We share a birthday!)…
Buy vs. Rent: A Real Life Pre-Peak Example
I thought it might be interesting to dig into a real life example of just how much money a bubble-believing home buyer would have lost by purchasing a home during the insanity of the housing bubble in Seattle. What better example to use than our favorite Ballard home that just sold? Wherever possible I’ll be…
Guess the Price Round 3: We Have a Winner!
Recall the price-guessing contest posted to these pages on November 8th: Guess the Price Round 3: A Familiar Ballard Home Today’s “Guess the Price” guest star is 7310 19th Ave NW in Seattle. With a current asking price of $437,000, this home has been on the market for 10 days, and is neither bank-owned nor…
Bottom-Calling Checkup: Finally Almost There
Full disclosure: The Tim is employed by Redfin. It’s been quite a while since we checked in on the various bottom-calling methods I introduced way back in February 2009, so let’s take a look. First off, here’s the official forecast I made in my wrap-up post: So my personal bottom call for the Seattle real…
Here Comes the Gas Prices Discussion Again
I’ve been seeing more and more stories popping up all over various news outlets about high gas prices lately. Most have been about how the issue will effect the November presidential election, but it’s only a matter of time before the conversation moves to real estate again. Rather than re-writing all of my thoughts on…