The Seattle School District, about to close the doors of a handful of schools has realized that now may be a good time to get in on the real estate action, before it’s too late. Evelyn Tapsak drives past the old Magnolia Elementary nearly every day, and what she sees confounds her — a big…
Signs Of What’s To Come?
Click to enlarge A number of readers pointed out these comments by Bainbridge Island portfolio manager and part-time prophet Carl Haefling (who I admit I’ve never heard of): It takes time for the housing market to fully unravel, we are in the early stages of stage 1. Stage 1 is where the market begins to…
Big Boeing Bonus… Bubble Booster?
Given that the housing bubble is so closely tied to the economy, both on a national and a local scale, I feel compelled to mention the $346,500,000 stock infusion that will soon be distributed among 63,000 Puget Sound residents. If Boeing’s stock ends the day near Thursday’s closing price of $83 a share, employees will…
South King County: Affordable Slum
There may still be one part of King County that has affordable housing, but apparently only to the detriment of pretty much every other quality of living measurement: South King County residents have more problems with obesity, feel less safe from neighborhood crime, and are more likely not to have health insurance than those who…
Condo Demand To "Outstrip Supply"
With the talk of all the new condos that are allegedly on their way to downtown, we’ve been wondering where all the demand will come from to fill them. Here are three possible answers: Suddenly, a proliferation of new high-rise residential tower projects is on the books, in for permits, or under construction. In downtown…