First, I’d like to thank Tim Ellis for inviting me to discuss housing and escrow topics on this blog as a guest. Being that many readers of this blog want to demystify home ownership and aspire to become homeowners in a meaningful way, my hope is that our collective experience (wife and I) will be…
Yet Another Condo Conversion Article
Here’s yet another article in the Times focusing in on condo conversions: In the first six months of this year, 1,162 Seattle apartments have become condos or are headed for conversion, a pace that would far exceed last year’s total of 1,551 conversions. The trend is happening outside Seattle, as well. Last year saw about…
RE: There Is No Bubble In Seattle
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…