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Messed Up Homebuyer Logic

Posted on May 31, 2007 by The Tim

The following quote from yet another boring article about condos caught my attention due to its absurdity:

Prices range from about $219,000 for a studio up to just over $400,000 for a two-bedroom condo. Gamel touted Sapphire’s finishes and amenities, proximity to Green Lake and downtown, and Greenwood itself.
…
Sapphire’s price, the fact that it’s new, rather than an apartment conversion, and its proximity to Green Lake attracted Steve Anderes, a 32-year-old scheduled to close on his condo in June.

“I moved over to Bellevue about six months ago just because it was closer to where I’m working,” he said. “But now, having the opportunity to get into a place to own, I can justify the commute.”

Wait, so you gave up a short commute so you could pay big bucks (plus HOA dues) for a space only marginally nicer than what you were renting?

That makes sense.

(Aubrey Cohen, Seattle P-I, 05.28.2007)

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