{"id":1574,"date":"2008-02-23T11:42:10","date_gmt":"2008-02-23T19:42:10","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/2008\/02\/23\/those-darn-fundamentals\/"},"modified":"2010-01-23T14:20:52","modified_gmt":"2010-01-23T22:20:52","slug":"those-darn-fundamentals","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/02\/23\/those-darn-fundamentals\/","title":{"rendered":"Those Darn Fundamentals"},"content":{"rendered":"

This is a little redundant, but that’s why I’m posting it on a Saturday. It’s just a slightly different take on the economic fundamentals that allegedly drive the local housing market. Much of this data comes from the recently-released 2007 King County Annual Growth Report<\/a>. You can get all these charts and the data behind them in this spreadsheet<\/a>.<\/p>\n

Here’s a chart of local economic fundamentals from 2000 through 2006:<\/p>\n

\"King<\/a>
\nClick to enlarge<\/a><\/p>\n

And here\u2014on the same scale\u2014are some measures of the local housing market for the same time period:<\/p>\n

\"King<\/a>
\nClick to enlarge<\/a><\/p>\n

Here are the fundamentals and the housing market measures all on the same chart.<\/p>\n

\"King<\/a>
\nClick to enlarge<\/a><\/p>\n

I realize that posts like this are seen by some as beating a dead horse. The sad thing is that there are still people that believe that home prices are somehow supported by these fundamentals. I wonder if someone that believes this could be bothered to bring out the data that supports such a position.<\/p>\n

(King County, 2007 Annual Growth Report<\/a>, 2007<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"

This is a little redundant, but that’s why I’m posting it on a Saturday. It’s just a slightly different take on the economic fundamentals that allegedly drive the local housing market. Much of this data comes from the recently-released 2007 King County Annual Growth Report. You can get all these charts and the data behind…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[528,61,58],"coauthors":[],"class_list":["post-1574","post","type-post","status-publish","format-standard","hentry","category-stats","tag-dead-horse","tag-fundamentals","tag-king_county"],"yoast_head":"\nThose Darn Fundamentals \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/02\/23\/those-darn-fundamentals\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Those Darn Fundamentals \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"This is a little redundant, but that’s why I’m posting it on a Saturday. 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