Thursday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
Off-topic comment? Interesting link?
Head over to the forums, or click here for open threads.
Head over to the forums, or click here for open threads.
9 comments:
I've been a regular bubble blog reader for about 7 months now.
In that time, I've seen many posts by home owners, renters, prospective buyers, agents and brokers.
But there is one group in the housing industry that I have not seen one post from in the bubble-sphere: appraisers.
Not one comment from an appraiser.
Why is that? Anyone have an idea?
Great article, msrelo. Moving in with the parents seems to jibe with Mish's coming deflation argument. Interesting how the savings thing is spawning a new thrift movement of sorts.
I agree, synthetik, Mish has some interesting arguments. Incedentally, I'm also a fan of The Mess That Greenspan Made, which had a recent piece on a couple that saves 50% of their ~$90K gross salary each year (Thrifty Couple).
I'm not a big, tree-hugging, whole-wheat-berry-eating thrift-nut, but I can certainly appreciate the whole "less is more" attitude, or at least living within one's means.
here my personal favorite blog
End of the World Blog
The idea of moving in with the parents just goes to further the point that real-estate demand is far more elastic than many industry pundits think. We keep hearing how population growth, in and of itself, drives real-estate. Hardly! Population is a relatively small factor in the real-estate market.
Heck, if a big population guaranteed a thriving market, then Cairo or Mexico real-estate should be the most profitable, and hard charging, in the world.
People will come up with all sorts of creative ways to cut housing costs if necessary. Aside from living with one's parents, I expect we will see it become far more prevalent to see multiple families living out of the same house. Many of today's McMansions will become nothing more than poorly designed appartment complexes.
Just look at all those old Victorian homes in Boston, and elsewhere, that wound up being split into multiple units.
I expect we will see it become far more prevalent to see multiple families living out of the same house.
The house that sold down the street back in May for way too much has a steady stream of cars coming and going, always a lot parked in front. From what I can tell, there's at least three young guys living there together, with a steady stream of friends. I wonder if that's the only way they could afford it. The all seem to have old beatup BMWs and Mercedes too, with out of state plates.
I saw "open thread" and "random link" so I thought I would unabashedly (sp?) post a link to my Seattle - Tacoma Real Estate Blog
On the random comment side of things... I am digging this blog so far - great info, great responses.
4%,
Welcome to Seattle Bubble. I hope you enjoy your stay.
What parts of the blog are you digging? It would seem strange that a Realtor would "dig" the comments on this blog.
Welcome 4 percent,
I've skimmed over your blog, and I like what I see. It's rare to find a realtor who actually seems concerned about his industry. I especially liked your posts on "Buyer's Bonus" and "Why are Realtors scared?".
Keep up the iconoclasm!
eleua & plymaster,
Thank you for your grand welcome! Here's my deal - I am all about reality. I don't care about being liked by the Real Estate Good ol boys who run most of the real estate brokerages in Seattle and Tacoma. I care about providing top notch real estate services and not ripping my clients off. As you can see by my username, I list homes for 4% commission. I believe in fair commissions and helping out the working class.
There it is - 4percentrealtor in a nutshell. Blessings, and hopefully many posts to come.
BTW: The Youtube video is one of the funniest things I have ever seen.
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