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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

November 11, 2011 at 10:00 AM

Vote: Are you bullish on Seattle real estate?

As the Seattle Times‘ Eric Pryne reports, King County housing is more affordable than any time in the past 17 years. It’s a great time to buy, if you can.

Therein lies the down side. Lower prices are necessary to make the market function in an ailing real-estate economy. They also represent de-facto deflation for house owners, and threaten to put more underwater, owning more on their mortgages than the house is worth. Many are saddled with debt and many can’t qualify for mortgages because lenders have tightened standards. Inventory in some areas outstrips demand.

Here’s the Friday poll:

My position on local real estate

This week’s links:

  • Paul Krugman explains the Eurozone crisis in one sentence || Business Insider
  • How Europe’s debt crisis will shake corporate America || Reuters
  • Technological change is displacing workers faster than the economy can find jobs for them || The Economist
  • What can we say about President Obama’s economic performance? || Rortybomb
  • The value of the safety net || CBPP
  • Economic upward mobility impaired || National Review
  • How the tax credit has wounded homebuyers who jumped in || Seattle Bubble/MarketWatch
  • Manufacturing is special || Vox
  • Corporations hate regulation, until they love it || Mother Jones
  • U.S. drought costs exceed $10 billion || USA Today
  • Bye-bye to cheap Chinese labor || Global Post
  • How the rich rig the system || Salon
  • Eight reasons why Italy is such a mess || Foreign Policy
  • Today’s Econ Haiku:

    State liquor workers

    Can get Costco interviews

    See, that’s the spirit

    Comments | More in Real estate

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