Seattle Bubble Forum Archive

Further, how many of this 55-70 year old retiring set are likely to be involved in condos at all? Most are neither buyers nor sellers of condos, because they own a home that was in the 'burbs in 1970, and is now sprawled into a real city.

Maybe they would be interested in my old apartment I was converted out of. Not in Belltown, but Greenwood. They converted and readied for sale in one month. Ugly and high-maintenance tiile throughout, right across the street from a bar, Nothing to interfere with the other building coversion across the street, as the line of sight is no longer blocked by a big old tree. Summer can be noisy. The buiding across the street provides a fine acoustical magnifer and echo chamber, and passers-by sound like they are standing in your room!

Note that over half the other units are still in process. Wait, it may not be so unlike Belltown.

Paraphrased from the Brouchure: 1BD/1BA. Listed for $250K, top floor, Lots of Light! Inflated size of 673 sq ft. (Traditional measurment 455 sq ft.) Thin walls, thin floors for no additional charge. HOA not yet determined. Unsecured garage parking space in a neighboorhood of car prowlers. Trim still the original retro-70's classic simulated wood grain.

So even with the posted footage you are paying $351 sq. ft. and unknown HOA. What retired people could resist?

/sarcasm off

Also note that the rent before conversion was $825, not including utilities or W/S/G. Not that bad a rental actually, but a sucky condo.