A reader sent in this link to a Forbes story about the “Richest” cities in the US. In Forbes’ list of the 10 “richest” Seattle comes in at #8. However, I’m a bit suspicious of their methods though, since they list the Median Income of Seattle as $46,650, when the latest figures I’ve seen for…
Category: News
News, current events, etc.
Cashing Out On The Bubble
If you own property right now that you bought before the latest surge in prices, is now the time to cash out? That’s the question that this article tackles, starting with an example of a local couple who did just that. For Joan and Mike Whitney of Snohomish, Wash., outside Seattle, moving wasn’t in the…
Apartment Complex Sale Prices Soaring
As has been pointed out on this blog in the past, it isn’t just the personal residential real estate market that’s in bubble territory in Seattle. Huge corporations have been buying and selling entire apartment complexes at record rates, resulting in (of course) dramatically increasing prices: For anybody who’s lost a bidding war for a…
2,000 Acre "Mini-Cities" Debated In Snohomish
Snohomish County is considering a proposal to allow supposedly “self-contained” communities. The Everett Herald reports on a public hearing last night: The mini-cities – built as large housing and commercial developments – are called fully contained communities, and continue to suffer criticism for not being fully contained. Such developments would require at least 2,000 acres…
Bigger = Better?
When it comes to houses, it seems most people have the American sentiment of “bigger = better = I want” ingrained into their subconscious. The Seattle P-I takes a look at how this mentality is shaping the Seattle residential landscape: During the past 10 years, about 2,400 single-family homes have been razed to make way…