The question was asked on my number-crunching post last week of why I do not include condos in most of the statistics that I post here. Since that is a valid question that other people may be wondering as well, I thought I would post the answer where it will gain more visibility. I choose…
New Number Crunching: Price Breakdowns
With great thanks to Alan (aka PugetHouse), I have added a new weapon to Seattle Bubble’s statistical war chest: price breakdowns.* It is fairly common knowledge that although it is the most convenient indicator to discuss, the median sales price does not give a very complete picture of the changing housing market. Price breakdowns, i.e….
The Monthly Payment Buyer
The excellent personal finance blog Get Rich Slowly (highly recommended—one of my daily reads) posted a link yesterday that reminded me of a topic that I’ve been meaning to post on. As I read the story, titled “Cars affordability: Cheapest since 1980” I couldn’t help but think about the stark contrast between the price trends…
The Puget Sound "economic" levee: will it hold?
From Business Week: “St. Louis Fed president William Poole said, according to Bloomberg News. ‘As long as the housing problem remains confined to housing, there’s really nothing the Federal Reserve can or should do.’” Realistically, I don’t think this will be the case. From a business perspective, I’m watching cash flow more intensely than ever….
Spotlight: Condo Flipper in Greenwood
Found on Ziprealty.com: 633 NW 8th St, Ballard/Loyal Heights (98117) A developer from California has purchased a 1978 six unit apartment complex and began converting to condos in June. They’ve been working on a unit by unit basis and appear to be close to finishing unit #201, listed 3 days ago. There’s no image posted…