I was looking through some old posts on here and came across one from November 2006 by Synthetik titled God Save the Queen. In it, he linked to an Aubrey Cohen piece about a developer converting two apartment buildings on lower Queen Anne to condos. Let’s check in and see how those conversions are doing,…
Category: Features
Simple Affordability Calculator
I’m in Texas for the weekend with limited access to the internet, so unfortunately I was unable to write a substantive post today. However, I did have some time on the airplane to create a javascript version of the basic affordability calculator I developed in Excel a few weeks ago. Given that home prices are…
Massive Condo Oversupply on the North End
In keeping with the old cliché that “all real estate is local,” let’s take a moment to look at one local market: Kenmore townhomes and condos. I selected Kenmore because it happens to be where I live, so I am pretty familiar with the area and what projects have been built over the last couple…
Seattle Times “$1.5M condo on 20K income” Story Full of Gaping Holes
Last Friday, the Seattle Times ran an interesting story about a “limousine driver, earning little more than minimum wage” being approved for a loan on a $1.5 million condo in Bellevue Towers. The story was also picked up by at least one of the local television news outlets, and has been making the rounds on…
John Talbott on Spotting the Bottom in Seattle Real Estate
In yesterday’s Bottom-Calling conclusion discussion, Sniglet asked: If Mr. Talbott’s predictions were to come true, and we reverted to 1997 prices, what would those be? What percentage of a decline would we be talking about for the Seattle area? I responded: Based on the January 1997 King County SFH Median of $179,500, and using the…