Comments on: God Save the Queen http://seattlebubble.com/blog/2006/11/14/god-save-the-queen/ local real estate news, statistics, and commentary without the sales spin. Mon, 22 Mar 2010 05:23:57 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Queen Anne Condo Conversion Checkup: 2 Years Later | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.http://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-68465 Queen Anne Condo Conversion Checkup: 2 Years Later | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area. Tue, 17 Mar 2009 16:13:50 +0000 http://seattlebubble.com/blog/?p=442#comment-68465 [...] looking through some old posts on here and came across one from November 2006 by Synthetik titled God Save the Queen. In it, he linked to an Aubrey Cohen piece about a developer converting two apartment buildings on [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('68465','Queen Anne Condo Conversion Checkup: 2 Years Later | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('68465','Queen Anne Condo Conversion Checkup: 2 Years Later | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.','[...] looking through some old posts on here and came across one from November 2006 by Synthetik titled God Save the Queen. In it, he linked to an Aubrey Cohen piece about a developer converting two apartment buildings on [...]',''); return false;">Quote</a></div> [...] looking through some old posts on here and came across one from November 2006 by Synthetik titled God Save the Queen. In it, he linked to an Aubrey Cohen piece about a developer converting two apartment buildings on [...]
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]]> By: trackbikehttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9506 trackbike Wed, 15 Nov 2006 03:59:01 +0000 http://seattlebubble.com/blog/?p=442#comment-9506 <i>Of course, when your blog is named "Seattle Bubble" you're kind of backed into a corner in terms of how you view any development news.</i><br/><br/>LOL -- they got that right!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9506','trackbike',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9506','trackbike','<i>Of course, when your blog is named \"Seattle Bubble\" you\'re kind of backed into a corner in terms of how you view any development news.<\/i><br\/><br\/>LOL -- they got that right!',''); return false;">Quote</a></div> Of course, when your blog is named “Seattle Bubble” you’re kind of backed into a corner in terms of how you view any development news.

LOL — they got that right!

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]]> By: synthetikhttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9490 synthetik Tue, 14 Nov 2006 20:29:22 +0000 http://seattlebubble.com/blog/?p=442#comment-9490 Here is the <a HREF="http://www.seattlest.com/archives/2006/11/14/from_apartment_to_condo_and_back_again.php" REL="nofollow">link</a>.<br/><br/>"third or fourth horseman of the apocalyspe"<br/><br/>LOL.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9490','synthetik',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9490','synthetik','Here is the <a HREF=\"http:\/\/www.seattlest.com\/archives\/2006\/11\/14\/from_apartment_to_condo_and_back_again.php\" REL=\"nofollow\">link<\/a>.<br\/><br\/>\"third or fourth horseman of the apocalyspe\"<br\/><br\/>LOL.',''); return false;">Quote</a></div> Here is the link.

“third or fourth horseman of the apocalyspe”

LOL.

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]]> By: deeplennonhttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9488 deeplennon Tue, 14 Nov 2006 19:55:08 +0000 http://seattlebubble.com/blog/?p=442#comment-9488 Seattlest has taken notice..<br/><br/>http://www.seattlest.com/archives/2006/11/14/from_apartment_to_condo_and_back_again.php<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9488','deeplennon',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9488','deeplennon','Seattlest has taken notice..<br\/><br\/>http:\/\/www.seattlest.com\/archives\/2006\/11\/14\/from_apartment_to_condo_and_back_again.php',''); return false;">Quote</a></div> Seattlest has taken notice..

http://www.seattlest.com/archives/2006/11/14/from_apartment_to_condo_and_back_again.php

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]]> By: Anonymoushttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9484 Anonymous Tue, 14 Nov 2006 16:52:31 +0000 http://seattlebubble.com/blog/?p=442#comment-9484 I was just forced out of one of these historic buildings they are 'saving.' The building was kept up beautifully and was in better condition than most newer apartments in belltown/lower queen anne. Most of the units remodeled before Pioneer arrived are nicer than the designer upgrade.<br/><br/>As for being afordable: my unit was a 550 square foot studio with a view for under $700 a month. They wanted me to buy it for $269000 and a new building across the street will be blocking the view.<br/><br/>I can understand why they were showing the reporter the Pittsburg instead, it needed some work.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9484','Anonymous',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9484','Anonymous','I was just forced out of one of these historic buildings they are \'saving.\' The building was kept up beautifully and was in better condition than most newer apartments in belltown\/lower queen anne. Most of the units remodeled before Pioneer arrived are nicer than the designer upgrade.<br\/><br\/>As for being afordable: my unit was a 550 square foot studio with a view for under $700 a month. They wanted me to buy it for $269000 and a new building across the street will be blocking the view.<br\/><br\/>I can understand why they were showing the reporter the Pittsburg instead, it needed some work.',''); return false;">Quote</a></div> I was just forced out of one of these historic buildings they are ’saving.’ The building was kept up beautifully and was in better condition than most newer apartments in belltown/lower queen anne. Most of the units remodeled before Pioneer arrived are nicer than the designer upgrade.

As for being afordable: my unit was a 550 square foot studio with a view for under $700 a month. They wanted me to buy it for $269000 and a new building across the street will be blocking the view.

I can understand why they were showing the reporter the Pittsburg instead, it needed some work.

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]]> By: PugetHousehttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9483 PugetHouse Tue, 14 Nov 2006 16:41:26 +0000 http://seattlebubble.com/blog/?p=442#comment-9483 I don't think Mother Teresa's potential clients are necessarily worried about P/E ratios. MT is merely making room for deserving new owner/residents.<br/><br/>deserving = having a better job than the person being kicked out on the street and thrown a gold coin<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9483','PugetHouse',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9483','PugetHouse','I don\'t think Mother Teresa\'s potential clients are necessarily worried about P\/E ratios. MT is merely making room for deserving new owner\/residents.<br\/><br\/>deserving = having a better job than the person being kicked out on the street and thrown a gold coin',''); return false;">Quote</a></div> I don’t think Mother Teresa’s potential clients are necessarily worried about P/E ratios. MT is merely making room for deserving new owner/residents.

deserving = having a better job than the person being kicked out on the street and thrown a gold coin

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]]> By: Grivettihttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9482 Grivetti Tue, 14 Nov 2006 16:15:01 +0000 http://seattlebubble.com/blog/?p=442#comment-9482 <i>The condos range from 430 to 750 square feet, costing $239,000 to $370,000. The Pittsburgh will have four small condos selling for about $150,000. That's inexpensive by Seattle standards, but not within the reach of most of the building's renters.</i><br/><br/>Yo, Pioneer Property Group, or as you'd like to be known "the Mother Teresa of Condo Developers", I gotta give you mad props... right here in a cheerleaders article you basically scam-the-sell right in front of the prospective buyers eyes!<br/><br/>Economics 101 people, if you're buying a unit that can no longer be rented out to cover mortgage costs of prospective renters because you're too deep with your financing, you have a NEGATIVE P/E ratio!!! <br/><br/>[demon voice] GET OUT NOW!! [/demon voice]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9482','Grivetti',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9482','Grivetti','<i>The condos range from 430 to 750 square feet, costing $239,000 to $370,000. The Pittsburgh will have four small condos selling for about $150,000. That\'s inexpensive by Seattle standards, but not within the reach of most of the building\'s renters.<\/i><br\/><br\/>Yo, Pioneer Property Group, or as you\'d like to be known \"the Mother Teresa of Condo Developers\", I gotta give you mad props... right here in a cheerleaders article you basically scam-the-sell right in front of the prospective buyers eyes!<br\/><br\/>Economics 101 people, if you\'re buying a unit that can no longer be rented out to cover mortgage costs of prospective renters because you\'re too deep with your financing, you have a NEGATIVE P\/E ratio!!! <br\/><br\/>[demon voice] GET OUT NOW!! [\/demon voice]',''); return false;">Quote</a></div> The condos range from 430 to 750 square feet, costing $239,000 to $370,000. The Pittsburgh will have four small condos selling for about $150,000. That’s inexpensive by Seattle standards, but not within the reach of most of the building’s renters.

Yo, Pioneer Property Group, or as you’d like to be known “the Mother Teresa of Condo Developers”, I gotta give you mad props… right here in a cheerleaders article you basically scam-the-sell right in front of the prospective buyers eyes!

Economics 101 people, if you’re buying a unit that can no longer be rented out to cover mortgage costs of prospective renters because you’re too deep with your financing, you have a NEGATIVE P/E ratio!!!

[demon voice] GET OUT NOW!! [/demon voice]

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]]> By: stephenhttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9480 stephen Tue, 14 Nov 2006 15:50:16 +0000 http://seattlebubble.com/blog/?p=442#comment-9480 "The trouble with many of these old buildings is it just doesn't pay to keep them up when you've got them as apartments," <br/><br/>Are ya kidding me? <br/><br/>Can you imagine the steady stream of assessments on these? Poof they're condos so it now pays to keep them up. <br/><br/>I pity the poor bastards that buy into this line of BS. Affordable is code for "we are tired of pumping money into these old buildings so you get a coat of paint and best of luck to you.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9480','stephen',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9480','stephen','\"The trouble with many of these old buildings is it just doesn\'t pay to keep them up when you\'ve got them as apartments,\" <br\/><br\/>Are ya kidding me? <br\/><br\/>Can you imagine the steady stream of assessments on these? Poof they\'re condos so it now pays to keep them up. <br\/><br\/>I pity the poor bastards that buy into this line of BS. Affordable is code for \"we are tired of pumping money into these old buildings so you get a coat of paint and best of luck to you.',''); return false;">Quote</a></div> “The trouble with many of these old buildings is it just doesn’t pay to keep them up when you’ve got them as apartments,”

Are ya kidding me?

Can you imagine the steady stream of assessments on these? Poof they’re condos so it now pays to keep them up.

I pity the poor bastards that buy into this line of BS. Affordable is code for “we are tired of pumping money into these old buildings so you get a coat of paint and best of luck to you.

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]]> By: SeattleMoosehttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9477 SeattleMoose Tue, 14 Nov 2006 11:17:12 +0000 http://seattlebubble.com/blog/?p=442#comment-9477 Bad timing is everything....<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9477','SeattleMoose',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9477','SeattleMoose','Bad timing is everything....',''); return false;">Quote</a></div> Bad timing is everything….
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]]> By: synthetikhttp://seattlebubble.com/blog/2006/11/14/god-save-the-queen/#comment-9476 synthetik Tue, 14 Nov 2006 10:13:18 +0000 http://seattlebubble.com/blog/?p=442#comment-9476 More <a HREF="http://seattlepi.nwsource.com/local/292245_buildings14.html" REL="nofollow">Seattle PI rah rah</a> about why condo conversions and gentrification are good for Seattle's "soul".<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('9476','synthetik',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('9476','synthetik','More <a HREF=\"http:\/\/seattlepi.nwsource.com\/local\/292245_buildings14.html\" REL=\"nofollow\">Seattle PI rah rah<\/a> about why condo conversions and gentrification are good for Seattle\'s \"soul\".',''); return false;">Quote</a></div> More Seattle PI rah rah about why condo conversions and gentrification are good for Seattle’s “soul”.
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