Here’s another gem from Ms. Rhodes of the Times: Q: We bought our house in 1996 for the same price as the sellers who bought it in 1990. We’d like to buy another house, but are hesitating for fear we’re about to enter another zero-appreciation cycle. Are conditions right for that to happen? A: Let’s…
Tag: Rhodes
Seattle Bubble Notion "Put To Rest"
Sometimes I can’t help but wonder if the local real estate reporters are being paid to push the “buy now!!!” mentality around here. For example, today’s article which comes right out in the headline and urges us to act fast! As of March 1, 29 properties were available. Three more were added during the month….
Seattle Rents Predicted To Climb
Looks like at least some people are finally cluing in to the fact that jumping on the home ownership bandwagon might not be the best financial proposal out there and they’re better off renting. After several years of flat rents and high vacancies, the local apartment market is tightening, thanks to folks like Seattleite Matt…
Perplexing March Reporting
Let’s take a look at our friend Elizabeth Rhodes’ more lengthy article in today’s Seattle Times, where she paints a picture of a Seattle area real estate market that is still super-hot and doesn’t know the meaning of slowdown. I usually try to limit article quotes to just a few paragraphs but this one has…
Times’ Report Not Consistent With Figures
I could be missing something here, but yesterday’s blurb in the Seattle Times about the March sales figures seems to me to be blatantly misrepresenting the facts. Western Washington home prices continued to climb last month as 17 of 20 counties reported price increases of 20 percent or more compared with a year earlier. That’s…