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Taxing Condos For "Affordable Housing"

Local blogging star Stefan Sharkansky points out an interesting disconnect between the city of Seattle’s stated goal of “making housing more affordable” and their actions, which are apparently to give a little and take a lot: Seattle City Councilman Peter Steinbrueck wants to inspire more people to live downtown by “making housing more affordable“ How […]

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Seattle "Under-Condo’ed" – Not For Long

Clearly if you are able to read a local paper, you are aware of Seattle’s amazing immunity to real estate woes past, present, and future. Logically then, Seattle would be a great place to build more condos, which historically are the most in danger of losing value in a falling market. Lucky for us, more […]

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Buyers Being Priced Out of Homes, Into Condos

As the cost of real estate continues to soar in the Seattle area, far outpacing wage growth, many buyers are being priced out of single-family homes. This is causing a bit of a surge in the condo market: While single-family home sales in King County were flat last month, condominium sales soared by nearly 6 […]