Golly, this housing slump sure isn’t much fun (for never-ending appreciation-believers and real estate agents), is it? But hey, at least it’s almost over, right? Wait, what’s that you say? It’s not going to get better soon? Pfft. You’re just some doom-and-gloom blogger, why should we listen to you? Except, that outlook isn’t coming from…
Tag: DeSilver
Subtle Headline / Photo Combo
From above the fold on today’s Seattle Times front page: Click to view pdf How soon do you suppose we can expect an article explicitly making the claim that is subtly implied by this headline / photo combo? Let’s play “predict the headline.” Here’s my guess: Soaring Loonie Strengthens Seattle Real Estate. Of course, the…
Gangbuster Job Growth, Lackluster Incomes
One of the most frequent arguments you’ll hear if you ask someone to try to justify Seattle’s high home prices is job growth. It usually sounds something like this: “We’ve got Boeing and Microsoft, and all these highly-paid, high-tech jobs are continually being added to our strong economy.” Well, as you all know, we’ve beat…
Bubble Link Roundup Extravaganza
The stories have been piling up in my inbox at a faster rate than I’ve been able to post them lately, so that means that it is time for another bubble link roundup. I’ve got a lot of ground to cover in this post, and I don’t want to totally clutter up the front page,…
2007 Optimism, Part III: Some Cracks Appear
This is the last post in this impromptu series. There were just so many articles out there full of “expert” quotes and predictions about the Puget Sound’s economic outlook for 2007. Here are three more articles that discuss the interaction of the local housing market with the greater local economic picture. Surprisingly, the housing affordability…