tag:blogger.com,1999:blog-15223784.post114728266078441635..comments2023-10-08T06:24:07.089-07:00Comments on Seattle Bubble: Error-Ridden ReportingThe Timhttp://www.blogger.com/profile/14832570891451659976noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-15223784.post-1147362657163616252006-05-11T08:50:00.000-07:002006-05-11T08:50:00.000-07:00Hi Everyone...Here's an update on inventory:TodayK...Hi Everyone...<BR/><BR/>Here's an update on inventory:<BR/><BR/>Today<BR/><BR/>King County: 7,255<BR/><BR/>Seattle: 2,096<BR/><BR/>May 2005<BR/><BR/>King County: 6,782<BR/><BR/>Seattle: 1,827<BR/><BR/>May 2004<BR/><BR/>King County: 9,792<BR/><BR/>Seattle: 2,454<BR/><BR/>May 2003<BR/><BR/>King County: 12,422<BR/><BR/>Seattle: 3,169<BR/><BR/>So we now have slightly more inventory then last year. But far less the in previous years (2004 and 2003)<BR/><BR/>'mmeshugyhttps://www.blogger.com/profile/12332798876700147445noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147318706782648262006-05-10T20:38:00.000-07:002006-05-10T20:38:00.000-07:00It's the truth- the brutal truth- versus the spin....It's the truth- the brutal truth- versus the spin.<BR/><BR/>So Dukes, do you think that all those empty condos are listed in the NWMLS? Because it seems like condos are frequently sold thru the developer at first, aren't they?<BR/><BR/>The Sunday Times has so many adverts now for them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147316511530169662006-05-10T20:01:00.000-07:002006-05-10T20:01:00.000-07:00Thank God he pulled out of the Belltown condo deal...Thank God he pulled out of the Belltown condo deal!<BR/><BR/>That's going to be one major wreck for people wanting to flip. There are a LOT of new condos coming down the pike for downtown.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147315737127659182006-05-10T19:48:00.000-07:002006-05-10T19:48:00.000-07:00The thing that really kills me about him is that h...The thing that really kills me about him is that he just STARTED investing in RE when the market was peaking- last July or August I believe.<BR/><BR/>But most of the "RE Investor" blog people started last year. They're the "shoeshine boys" of the 20's.<BR/><BR/>On another topic (toxic loans) but an equally gripping read check out this brokers blog where they're discusing toxic loans and way-too-expensive RE in general.<BR/><BR/>I got it from the NNJ Bubble blog.<BR/><BR/>http://tinyurl.com/ho4kpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147309447355738492006-05-10T18:04:00.000-07:002006-05-10T18:04:00.000-07:00Looks like our "Seattle RE Investor" is spending t...Looks like our "Seattle RE Investor" is spending too much time listening to realtors and reading newspapers to pay attention to what's actually going on in the market.<BR/><BR/>In his new post he notes that the property he's interested in has been on the market for 95 days and says"that's unheard of in Seattle"... lol!<BR/><BR/>He needs a Zip Realty account.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147306260537046882006-05-10T17:11:00.000-07:002006-05-10T17:11:00.000-07:00Wow. that Bellevue number is HUGE- closed sales do...Wow. that Bellevue number is HUGE- closed sales down 40%?<BR/><BR/>that's one of the highest numbers I've seen for ANYWHERE in the US.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147297325179299942006-05-10T14:42:00.000-07:002006-05-10T14:42:00.000-07:00Those property "owners" who display frantic-ness o...Those property "owners" who display frantic-ness over the bubble burst, like Bubblerider and others on this list, deserve our compassion.<BR/><BR/>If they were trully in a secure finacial position, they would not even be paying attention to the bubble reports. <BR/><BR/>I mean really, if you bought your house to live in, and not for percieved "appreciation", why would you care when the market tanks?<BR/><BR/>If you bought your home at terms you can comfortably afford come what may, why would you care when the market tanks?<BR/><BR/>There are a lot of scared people out there. They know full well that they made a shaky financial decision.<BR/><BR/>People who bought a home responsibly could care less what happens to the housing market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147291312626601592006-05-10T13:01:00.000-07:002006-05-10T13:01:00.000-07:00Now that was just rude.But you're absolutely right...Now that was just rude.<BR/><BR/>But you're absolutely right, the bubble has made oh so many people oh so rich! Why, it's as if the money was just <I>sitting there</I> waiting for someone to snatch it! We sadsacks must seem like morons for not scoring a sweet ARM while the getting was good . . . boy do we <A HREF="http://news.google.com/news?hl=en&ned=us&ie=UTF-8&q=foreclosures&btnG=Search+News" REL="nofollow">regret</A> it :(Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147287850724758032006-05-10T12:04:00.000-07:002006-05-10T12:04:00.000-07:00I'm really curious about the part in that article ...I'm really curious about the part in that article that states that Seattle inventory is slightly less than last year due to fewer condos on the market.<BR/><BR/>Here's why: it looks as though many of the available condos (downtown at least) are NOT listed in the NWMLS.<BR/><BR/>So, if those condos were included, what would happen to the inventory numbers?Anonymousnoreply@blogger.com