tag:blogger.com,1999:blog-15223784.post115989820373679313..comments2023-10-08T06:24:07.089-07:00Comments on Seattle Bubble: "Prices plateau as incomes catch back up"The Timhttp://www.blogger.com/profile/14832570891451659976noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-15223784.post-1159915699320225902006-10-03T15:48:00.000-07:002006-10-03T15:48:00.000-07:00For some stories, the PI has a "Sound off" section...For some stories, the PI has a "Sound off" section that allows people to comment on the story.<BR/><BR/>The "Soundoff" for this story posed the question:<BR/><BR/>"What could or should be done about the increased gap between incomes and housing prices?"<BR/><BR/>Interesting responses.<BR/><BR/>http://tinyurl.com/jet5c<BR/><BR/>Like this one:<BR/><BR/>"I personally would love to see an out of state tax applied to ANYONE that has not lived here longer than 5 years..."<BR/><BR/>sigh...Nolaguyhttps://www.blogger.com/profile/10840937821204590350noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1159907872884726492006-10-03T13:37:00.000-07:002006-10-03T13:37:00.000-07:00Since the reporter didn't provide the source for t...Since the reporter didn't provide the source for this information, here's the <A HREF="http://www.census.gov/Press-Release/www/releases/archives/american_community_survey_acs/007577.html" REL="nofollow">U.S. Census news release</A> that prompted this story.<BR/><BR/>It's from the 2005 American Community Survey, which is actually a pretty good data set.<BR/><BR/>The American FactFinder site is slowed to a crawl today, but there's a map from it that may be of interest around here:<BR/><BR/>Percent of Mortgaged Owners Spending 30 Percent or More of Household Income on Selected Monthly Owner Costs: 2005.<BR/><BR/>This map can be displayed by State/County/Metropolitan Statistical Area. Should be pretty interesting if I can ever get things to load.SourMashhttps://www.blogger.com/profile/17048719626884169469noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1159906308189298862006-10-03T13:11:00.000-07:002006-10-03T13:11:00.000-07:00You would think that a university-affiliated "cent...<I>You would think that a university-affiliated "center" would have more intellectual integrity....<BR/> ---misterbubble</I><BR/><BR/>Why would you think that? I'm sure most of their funding comes from the RE industry, and academics are more desperate for funding than "industry" economists. As an old professor friend of mine used to say, "We fight harder for money because there is so little."<BR/><BR/>It makes you wonder, though: Who can you trust to correctly report data on RE? You can't trust banks, title companies, Realtors, appraisers, government, etc, as they all have a vested interest in either more transactions, or higher RE prices. What about mortgage insurance companies?plymsterhttps://www.blogger.com/profile/06736724521774848093noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1159905394754932802006-10-03T12:56:00.000-07:002006-10-03T12:56:00.000-07:00Does anyone remember how lofty NAZ stock prices ju...Does anyone remember how lofty NAZ stock prices just plateaued until earnings materialized and caught up?<BR/><BR/>Anyone?<BR/><BR/>Anyone at all?<BR/><BR/>Don't all raise your hands at once.Eleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1159904089261147972006-10-03T12:34:00.000-07:002006-10-03T12:34:00.000-07:00I wonder if it's the case that there's plenty of e...I wonder if it's the case that there's plenty of economists that don't use such off-the-wall assumptions, but they don't get quoted by a newspaper that has much of its advertising revenue from real estate.Shadowedhttps://www.blogger.com/profile/02275066426135302508noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1159903445217908522006-10-03T12:24:00.000-07:002006-10-03T12:24:00.000-07:00I'm continually amazed by the number of "economist...I'm continually amazed by the number of "economists" who don't think through their arguments. Tim, your analysis is straightforward and logical, and doesn't make use of any bizarre assumptions or strangely estimated rates of growth. Why can't "local economists" do the same thing?<BR/><BR/>You would think that a university-affiliated "center" would have more intellectual integrity....MisterBubblehttps://www.blogger.com/profile/01317437260649857132noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1159900367678182972006-10-03T11:32:00.000-07:002006-10-03T11:32:00.000-07:00"What I am expecting is prices are going to remain..."What I am expecting is prices are going to remain pretty much on a plateau for a period of time as incomes catch back up."<BR/><BR/>Well, there's a first time for everything, I guess.Comrade Chairman Greenspanhttps://www.blogger.com/profile/13532449270194604553noreply@blogger.com