44% of Seattle condos built in last 5 years listed

Nell Plotts

So says "Portland Spaces" magazine.

http://www.portlandrealestateblog.com/r ... paces.html

23% in Portland I can believe.. but :roll: 44% in Seattle is hard to swallow.

rose-colored-coolaid

Nell Plotts wrote:

So says "Portland Spaces" magazine.

http://www.portlandrealestateblog.com/r ... paces.html

23% in Portland I can believe.. but :roll: 44% in Seattle is hard to swallow.

That's what she said.

I mean, you're right, and we will likely choke on all that excess inventory. This is reason #1 why condos are not smart long term investments in the same way SFHs are; they don't sit on any land.