With the real estate craze that we’ve been living through these past few years, I’m surprised someone hasn’t come along with this idea sooner—selling office space rather than renting it. When businesses are looking for space, they usually either lease it or buy a building. But two local developers are backing a different idea: the…
Year: 2006
Vulcan Plans Affordable Housing
Well, it seems that even if you’re the seventh-richest man on Earth your money can’t buy you a well-officiated Super Bowl. But can it make a dent in downtown Seattle’s affordability for the working class? Paul Allen’s Vulcan, Inc. intends to at least try. Vulcan Inc. unveiled plans Monday to build affordable housing in South…
Affordable Housing Just 3 Hours Away
Good news everyone! Affordable housing can be found with just a short three hour drive east of Seattle! Grant County sports housing that is truly affordable, in fact the “most affordable” of all the counties listed by NWMLS. Thanks to what a real estate research director calls surprisingly low median home prices, the county tops…
King County: Prices Up, Wages Down
Thanks to the reader that pointed out the story on CNN regarding the recently released statistics on wages. Real wages are not exactly going through the roof. For the 24-month period through the second quarter of 2005, the inflation-adjusted wages of an average American grew just 1 percent or so, according to statistics reported by…
Comic Relief From Sumner
It would be a bit of a stretch to try to relate this directly to a housing bubble, but I found it amusing enough to at least warrant a mention here. It’s a story about a subdivision that was intelligently placed directly underneath a high powered radio antenna. Sumner homeowners living close to a radio…