Here’s a follow-up to yesterday’s condo re-version story. Just in time for the condo conversion mania to switch directions, while supply and demand do that thing they do so well, here comes the State Legislature to “fix the problem.” Renters forced from their apartments to make way for condominiums would get more time to find…
Tag: condos
Everett Development Bit by Finance Fallout
The still-tightening market for financing real estate is not only taking a bite out of individuals’ ability to buy homes. It’s also starting to affect the ability of large new construction projects to get financing to even begin building. New projects like a waterfront condo complex in Everett. The start of condominium construction on the…
The Human Side of a Condo Conversion
This post is different from the usual fare here, but I think it’s worth taking some time on. I ran across this post in my news alerts. It’s a look at the human consequences that result when affordable apartments are converted into upscale condos. I was very surprised at the time that I first wrote…
Condo Projects Repartmenting, Rental Vacancy Increasing
It looks like the picture for renters may not be quite as bleak as we have been led to believe in recent articles. Turns out that new apartments are being built, and even some condo projects are becoming apartments instead. Apartments have been the poor stepchild to condominium towers over the past few years in…
The Amazing Disappearing Condo View
Granted, this is pretty much old news by now, but the issue of the disappearing condo views is at least worth mentioning. Benjamin Shanfelder signed up to buy a condominium on the west side of downtown Seattle’s Cosmopolitan building in 2005 because it was one of the first new downtown high-rises and was convenient to…