Tim Ellis started writing the Seattle Bubble in 2005. He had been looking for a house and thought the pricing was high compared to his income. As it turns out he was right, but the price of housing kept going up. He is an electrical engineer with a good understanding of charts and graphs. His research has been impeccable, the way he presents the data is interesting, which makes it easy to grasp.
My first encounter with the Seattle Bubble was at another web log that was moderated by a local Real Estate agent here in Seattle, Marlow Harris. The web log is the Seattle Post Intelligencer which was, at that time, one of two daily news papers. The blog is Real Estate related and was getting some very hostile comments about Real Estate agents in general. There were some very heated debates.
One of the most assertive commenters was Eulea whose avatar linked back to the Seattle Bubble. It was bizarre reading that home prices would decline 80%. Others, like Eulea, predicted the collapse of the economy. Now remember this was in 2005 and 2006, by 2007 the comments became more assertive. Finally the housing market, along with the stock market had a massive correction that required government intervention.
Today there are many more important topics that need discussion other than just the price of housing. You need to read through more comments that make minor points, but there are great commenters with differing points of view. I started blogging because of that site and have learned a lot about the economy, housing, and politics.
Tim Ellis is now interviewed along with other Real Estate industry experts. He has a very level headed approach to his new found fame. It’s inspirational that a person can set their mind to something, follow through, and make a positive impact.
