tag:blogger.com,1999:blog-15223784.post113355122120182220..comments2023-10-08T06:24:07.089-07:00Comments on Seattle Bubble: "Bubble? The only answer right now is no."The Timhttp://www.blogger.com/profile/14832570891451659976noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-15223784.post-1134100401347499632005-12-08T19:53:00.000-08:002005-12-08T19:53:00.000-08:00The 20% number is bogus. Unless you have some ref...<I>The 20% number is bogus.</I> <BR/> <BR/>Unless you have some reference that backs up that claim, I'm going to believe the 20% number, and I stand by my assessment.The Timhttps://www.blogger.com/profile/14832570891451659976noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1134094683926213402005-12-08T18:18:00.000-08:002005-12-08T18:18:00.000-08:00When a job sector that usually represents 6% of jo...When a job sector that usually represents 6% of jobs accounts for 20% of the job growth, I'd say that is a large portion. I didn't say it was the driving force, or the majority, just a large portion. If you think that's "ridiculous," then oh well I guess. <BR/>___________________________<BR/>The 20% number is bogus.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1133932542374827292005-12-06T21:15:00.000-08:002005-12-06T21:15:00.000-08:00Quoting from the article: While construction jobs...Quoting from the article: <BR/> <BR/><I>While construction jobs represent a relatively modest 6 percent of all state jobs, they accounted for 20 percent of the payroll growth during the last year, he said.</I> <BR/> <BR/>When a job sector that usually represents 6% of jobs accounts for 20% of the job growth, I'd say that is a large portion. I didn't say it was the driving force, or the majority, just a large portion. If you think that's "ridiculous," then oh well I guess.The Timhttps://www.blogger.com/profile/14832570891451659976noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1133931748701738112005-12-06T21:02:00.000-08:002005-12-06T21:02:00.000-08:00Pardon my ignorance, but which part of what I said...Pardon my ignorance, but which part of what I said do you consider to be ridiculous? <BR/>_________________________________<BR/><BR/>Your claim that large portion of WA economy boom is from real estate boom. There is certainly some of that, but the driver is high-tech industry in Seattle.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1133665045560783502005-12-03T18:57:00.000-08:002005-12-03T18:57:00.000-08:00The only answer right now is no.Or, in other words...<I>The only answer right now is no.</I><BR/><BR/>Or, in other words: "truth be damned; full speed ahead!"<BR/>The govt. is prolonging the delusion because they're enjoying spending those taxes. Later, when deficits hit, they'll simply tell the public there was no way to predict a downturn.<BR/><BR/>People support bubbles when they think it helps their bottom line, but have the calculated the long-term fallout?marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1133591854135969492005-12-02T22:37:00.000-08:002005-12-02T22:37:00.000-08:00Pardon my ignorance, but which part of what I said...Pardon my ignorance, but which part of what I said do you consider to be ridiculous?The Timhttps://www.blogger.com/profile/14832570891451659976noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1133591712709883382005-12-02T22:35:00.000-08:002005-12-02T22:35:00.000-08:00Common, Tim. There are probably 3-4 dozen high-tec...Common, Tim. There are probably 3-4 dozen high-tech companies in Seattle with high-paying jobs. I understand there are points to be made in favor of real estate bubble, but don't be ridiculous.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1133565707050244712005-12-02T15:21:00.000-08:002005-12-02T15:21:00.000-08:00Based on what's been posted on ben jones' blog fro...Based on what's been posted on ben jones' blog from various sources, it appears that in many markets there has been significant runups in inventory nationwide but some of that is coming off ( due to holiday and waiting til Spring I suppose). As for our neck of the woods, I would say we are still going to lag the country in feeling any downward pressure in housing price appreciationAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1133565353191137792005-12-02T15:15:00.000-08:002005-12-02T15:15:00.000-08:00Well bubble or not...Statewide housing inventory h...Well bubble or not...<BR/>Statewide housing inventory has been dropping since I started watching it last month. (not long I know)<BR/>NWMLS listings for WA have gone from 49073 on the 8th of Nov, to 47,114 today (2nd). (checked via http://www.windermere.com/index.cfm?fuseaction=listing.SearchPropertyMapv2&st=wa)<BR/><BR/>Now I know that a month is too short of a period to tell you anything. But if the bubble was bursting, (or deflating, de-foaming etc) wouldn’t we be seeing these inventories going up?Anonymousnoreply@blogger.com