Ah, the joys condodebtorship. When Jerry O’Leary, 54 and retired, put down over $100,000 dollars toward a new million-dollar condominium in February 2005, he thought he was buying his way into an innovative downtown lifestyle proposed by Vulcan Inc. Vulcan Real Estate’s $200 million 2200 project on two and a half acres at Westlake Avenue……
On Luxury Cars and World Class Cities
My car is so great. It has a built-in CD player, a driver’s seat with four independent adjustments, a tasteful spoiler, a spacious trunk, climate control, a powered sunroof, and gets over 30 miles to the gallon. It’s comfortable, good-looking, and fun to drive. My car is comparable to a BMW or a Lexus, and…
King County Foreclosures Up 27% YOY
Couched in the mind-numbing bubbly language of a press release from Default Research comes this tidbit of information: “Foreclosures increased by 27 percent in the Seattle area. That is an increase from this time last year,” said Serdar Bankaci, president/CEO of Default Research Inc. Cue the “but we’re coming off of historic lows!” nonsense in…
Bubble Link Roundup
There have been a lot of real estate articles in the local dead tree outlets the last few days. It’s time for another link roundup before I get too far behind and forget to mention some of them. First up, it’s Mark Trahant of the P-I with yet another thoughtful, well-reasoned take on Seattle’s housing…
March Reporting Roundup
Back from my busy week of travel and recharged over the Easter weekend, it’s time to post the March roundup. As usual, let’s kick things off with Seattle’s #1 real estate cheerleader, Ms. Rhodes, with her fawning article about all about how great and wonderful it is that median prices increased last month. After stalling…