a different kind of underwater homephoto by Flickr user nosha I received the following request from a local reporter who is interested in hearing from Seattle Bubble readers: I would like to speak to individuals who are underwater or facing foreclosure, and are finding ways to cope—whether it be by strategically defaulting, hanging out in…
Category: Features
Cheapest Homes: March 2012 Edition
Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This…
The Sordid Price History of a Local Mega-Flop
Behold the sordid tale of a home I’ve been keeping my eye on for quite a while. It’s a spec-built home in Woodinville (just a 37-minute + $3.50 toll drive to downtown Seattle)—7,216 square feet on 14 acres. This one’s got the Avondale Albatross beat by a longshot, both in the sheer audacity of the…
Buy vs. Rent: A Real Life Pre-Peak Example
I thought it might be interesting to dig into a real life example of just how much money a bubble-believing home buyer would have lost by purchasing a home during the insanity of the housing bubble in Seattle. What better example to use than our favorite Ballard home that just sold? Wherever possible I’ll be…
Guess the Price Round 3: We Have a Winner!
Recall the price-guessing contest posted to these pages on November 8th: Guess the Price Round 3: A Familiar Ballard Home Today’s “Guess the Price” guest star is 7310 19th Ave NW in Seattle. With a current asking price of $437,000, this home has been on the market for 10 days, and is neither bank-owned nor…