Hi Bubbleheads, doom ‘n gloomers and market enthusiasts …. Good Reading: Via Jessica Swesey at Inman News blog gives us a glimpse into the mechanics of the bubble. She cites a paper released last week by Dean Baker of the Center for Economic & Policy Research asks:(PDF document & very easy reading with excellent analysis)…
Tag: Economy
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…
“We don’t want to panic. We need to be brave.”
Maybe I’m just in a “mood” this morning, but this story in today’s Tacoma News Tribune really cracked me up. A morning of housing pep talks greeted builders, real estate agents and government folks Thursday: Build green. Be brave. If Coeur d’Alene, Idaho, can go urban, so can you.Economist Glenn Crellin, director of the Washington…
Misdirection Master Strikes Again
In what is becoming a bit of a regular occurrence, Seattle’s #1 real estate cheerleader yet again wields her powers of misdirection in response to a probing reader question. Q: There is an entire group of people today who’ve never gone through a major recession. How will home prices be affected if we do have…
Mortgage Mess Difficult to Ignore
Take a look at the front page of the Seattle Times website this morning: Click to enlarge That’s Coalition warns of “mortgage tsunami”, followed by Accounting, executives at lender New Century investigated, Fraud charges at Metropolitan Mortgage & Securities settled, and of course Mess unlikely to break economy. First off, I don’t think the term…