Last week, Gregory Wharton posted the grand culmination of his 15-part Seattle real estate bubble extravaganza. I wanted to wait until he posted the last chapter, but it’s been over a week, and I think the points he made in his most recent posts should be addressed sooner rather than later. I said in my…
Rents Predicted To Rise… Still
A number of readers pointed out an article in yesterday’s Seattle Times about “multifamily housing” (apartments) that’s full of the usual pep-talk and rah-rah-speak claiming that prices have nowhere to go but up, up, up, and isn’t that just wonderful! With apartment vacancy rates declining and job growth increasing, real-estate investors are snapping up properties…
A More User Friendly Seattle Bubble
As I have mentioned before, each and every comment that is posted to Seattle Bubble arrives in my inbox. This is both a blessing and a curse. A blessing because I can read every single comment as it comes in, and a curse because I can read every single comment as it comes in. As…
Balanced June Reporting Outside Seattle
Let’s not forget that you only have to look a little ways outside of the immediate Seattle area to find rational and balanced reporting on the realities of today’s real estate market. “We’re seeing a consistent trend here, a flattening of the market,” he said. “It (the strong housing market) hasn’t come to an end…
The Ballard Conspiracy
Speaking of Ballard… cue the Twilight Zone music… it’s really quite eerie how every month the “angles” in local rags seem to be so in sync. Apparently this month all the clever reporters are focusing in on everyone’s favorite neighborhood: Ballard. Cynthia Creasey and Mack McCoy bought a four-bedroom house in Ballard in 1988 for…