And the understatement of the week goes to… Aubrey Cohen of the Seattle P-I, for his sub-headline gem: “As market slows, buyers may find they paid too much“. Moss blankets the house’s roof. The siding is rotting off. And mold has spread through the interior. But the home’s condition is “average,” according to an appraisal….
Credit Crunch to Determine Who Flinches First
More words of wisdom from the P-I’s Mark Trahant, who seems increasingly out of place in the stubborn, denial-prone local media. I’ve been on vacation and had a chance to travel around the West. In many of the places I visited, concerns about a real estate crisis are growing. People are starting to fear what…
Flipping in Seattle for Fun and Profit
Are prices in Seattle based on strong fundamentals or speculation? While we can certainly look at the data and draw conclusions for ourselves, there is little to no hard information out there about how many people are buying merely to turn a quick buck. There are those that treat the lack of hard data regarding…
Mortgage Woes “Not Happening in Seattle”
As the nation’s home lending situation continues to deteriorate before our eyes, you can count on the local press to keep pushing the “we’re completely immune here” line. (Emphasis mine) Nationwide, Americans are finding themselves unable to make their mortgage payments. Those folks share common traits: They’ve borrowed too much, they’ve lost their jobs or…
Seattle Bubble Needs a Logo
While I am fairly satisfied with the present design of Seattle Bubble’s website, I readily admit that there are aspects that need work. For example, it would be nice if the format of the forums matched the format of the blog. Also, I think it would help the be more engaging if I could incorporate…