Comments on: Who’s Buying Condos in Kirkland? http://seattlebubble.com/blog/2007/01/15/whos-buying-condos-in-kirkland/ local real estate news, statistics, and commentary without the sales spin. Mon, 22 Mar 2010 11:21:08 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: homeshttp://seattlebubble.com/blog/2007/01/15/whos-buying-condos-in-kirkland/#comment-11617 homes Sat, 10 Feb 2007 06:12:41 +0000 http://seattlebubble.com/blog/?p=617#comment-11617 From recent experience I can confirm the upper end condos being sought after by downsizing boomers. On the <a HREF="http://www.seattlerealestatenews.com/2007/02/08/kirkland-condos-under-300-000" REL="nofollow">lower end</a> there is slim pickin's...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('11617','homes',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('11617','homes','From recent experience I can confirm the upper end condos being sought after by downsizing boomers. On the <a HREF=\"http:\/\/www.seattlerealestatenews.com\/2007\/02\/08\/kirkland-condos-under-300-000\" REL=\"nofollow\">lower end<\/a> there is slim pickin\'s...',''); return false;">Quote</a></div> From recent experience I can confirm the upper end condos being sought after by downsizing boomers. On the lower end there is slim pickin’s…
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]]> By: jpsfrankshttp://seattlebubble.com/blog/2007/01/15/whos-buying-condos-in-kirkland/#comment-10698 jpsfranks Tue, 16 Jan 2007 06:14:48 +0000 http://seattlebubble.com/blog/?p=617#comment-10698 I have the reverse opinion, that downtown condos may fair worse than other regional RE. I'm generally bearish but if I had to predict I would say that SFHs will see stagnant prices for several years, whereas condos could see some significant short-term depreciation.<br /><br />It's hard to walk a block in downtown/Belltown/South Lake Union/Capitol Hill without stumbling on a new condo project. I simply don't see how all these units could possibly be absorbed.<br /><br /><a href="http://www.nytimes.com/2007/01/16/realestate/16rentals.html">Here's</a> an article from the NY Times today that focuses on the other Washington, but I think it may hold true for many cities.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10698','jpsfranks',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10698','jpsfranks','I have the reverse opinion, that downtown condos may fair worse than other regional RE. I\'m generally bearish but if I had to predict I would say that SFHs will see stagnant prices for several years, whereas condos could see some significant short-term depreciation.<br \/><br \/>It\'s hard to walk a block in downtown\/Belltown\/South Lake Union\/Capitol Hill without stumbling on a new condo project. I simply don\'t see how all these units could possibly be absorbed.<br \/><br \/><a href=\"http:\/\/www.nytimes.com\/2007\/01\/16\/realestate\/16rentals.html\">Here\'s<\/a> an article from the NY Times today that focuses on the other Washington, but I think it may hold true for many cities.',''); return false;">Quote</a></div> I have the reverse opinion, that downtown condos may fair worse than other regional RE. I’m generally bearish but if I had to predict I would say that SFHs will see stagnant prices for several years, whereas condos could see some significant short-term depreciation.

It’s hard to walk a block in downtown/Belltown/South Lake Union/Capitol Hill without stumbling on a new condo project. I simply don’t see how all these units could possibly be absorbed.

Here’s an article from the NY Times today that focuses on the other Washington, but I think it may hold true for many cities.

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]]> By: Doughttp://seattlebubble.com/blog/2007/01/15/whos-buying-condos-in-kirkland/#comment-10697 Doug Tue, 16 Jan 2007 04:28:54 +0000 http://seattlebubble.com/blog/?p=617#comment-10697 Interesting. A friend of mine (in Billings) who agrees with my bearish videos still insists that downtown condos are a good idea.<br /><br />Something about the "urban core" and young families needed to make the downtown thrive. Sounds like Kirkland has the same idea but isn't quite seeing it materialize.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('10697','Doug',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('10697','Doug','Interesting. A friend of mine (in Billings) who agrees with my bearish videos still insists that downtown condos are a good idea.<br \/><br \/>Something about the \"urban core\" and young families needed to make the downtown thrive. Sounds like Kirkland has the same idea but isn\'t quite seeing it materialize.',''); return false;">Quote</a></div> Interesting. A friend of mine (in Billings) who agrees with my bearish videos still insists that downtown condos are a good idea.

Something about the “urban core” and young families needed to make the downtown thrive. Sounds like Kirkland has the same idea but isn’t quite seeing it materialize.

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