In what is becoming a bit of a regular occurrence, Seattle’s #1 real estate cheerleader yet again wields her powers of misdirection in response to a probing reader question. Q: There is an entire group of people today who’ve never gone through a major recession. How will home prices be affected if we do have…
Vulcan Ridiculous @ 2200
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…