The general purpose of this blog is to post only stories relating specifically to the Seattle real estate / housing bubble, but Ben Jones pointed out an article on Bankrate.com that was just too good to pass up. It highlights people who have sold their homes and are renting while they wait out the bubble….
Author: The Tim
Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.
Apartment Development Explosion
Here’s another anecdotal example of the explosion of new apartments and condos being built in Seattle: Already across the street from Deano’s they have brought an apartment building with a Safeway and Starbucks on the ground floor.…Another building across the street — the site of the former Oscar’s II nightclub across East Madison Street at…
Seattle Rents Creep Upward
Though not nearly at the break-neck speed of housing, it appears that the cost of renting is slowly creeping up in Seattle: As the regional economy picks up and people from outside the area arrive for jobs, the overall demand for rented housing is increasing. In the Seattle area, rental rates have climbed by as…
Forest Service Cashes Out At The Top
Okay so it might be a bit of a stretch, but it is rather “convenient” that they’re shedding this excess housing now, after a record five-year run up in housing values, wouldn’t you say? DARRINGTON — The U.S. Forest Service plans to sell 10 houses built about 50 years ago for employees near the Darrington…
Local Governments Budget for the Bubble
It seems that local governments have set themselves up for failure when the housing madness finally cools off, even if it’s just a slow cool down rather than a bursting bubble. New development in Tumwater is filling the city’s coffers with the revenue from building permits and one-time taxes on construction. But city officials fear…