caseshillerlittle.jpg
We're the red line!
Pink slips notwithstanding, economic downturns are all drab and glum . They can also be a bit hard to understand, what

"/>

Our Decline in Bright Colors

caseshillerlittle.jpg
We're the red line!
Pink slips notwithstanding, economic downturns are all drab and glum. They can also be a bit hard to understand, what with their collateralized debt obligations and credit default swaps.

That's why it's nice when someone USA Today's it for us. Enter the Case-Shiller charts, posted at Seattle Bubble and showing the many ways in which the Seattle housing market sucks (as compared to the sucking of other cities' markets, and also broken down by price tier within our own.) It's like a series of rainbow-striped roller coasters that are always going down.

What's more, the Shiller half of the index's founding team (one Robert J. Shiller, known for calling out the stock and housing bubbles before they burst) will be in Seattle this month for SPU's Downtown Business Breakfast, no doubt bearing good news. Previous guests for the affair have included a Greek Orthodox scholar, a C.S. Lewis scholar, and Bill Bennett, who once said beheading was a morally plausible punishment for drug dealing, so Shiller's got some tough acts to follow. At least he won't lack visual aids.

 
comments powered by Disqus