Seattle Real Estate
Comments
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Stonks only go up. It’ll probably be a while before the Seattle real estate market cools off, it’s still the fastest growing major city in the country, and the only one on the growth list that doesn’t have a high capacity for new suburban development sprawl.
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I bought my first condo in Seattle in December 2019, did a ton of research on the market at the time and felt good about it. And since then the Zillow value of the property has appreciated nearly 30%
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My POS Seattle starter house has increased $161,000 since we sold last July. Christ. I hated that fucking house.NEsnake12 said:I bought my first condo in Seattle in December 2019, did a ton of research on the market at the time and felt good about it. And since then the Zillow value of the property has appreciated nearly 30%
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I just looked up a dump we bought in Leschi in 08, plan was to gut / remodel and build an addition. Never got to the addition, it’s a 2 br 1 bath, with a borderline unlivable basement...bought for 400k. 1.2MM now, for a fucking remodeled shack. The good news is it greased the skids to get us the fuck out of there.
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NEsnake12 said:
Stonks only go up. It’ll probably be a while before the Seattle real estate market cools off, it’s still the fastest growing major city in the country, and the only one on the growth list that doesn’t have a high capacity for new suburban development sprawl.
Not so fast, my fren.
https://sundancecompanyblog.com/2021/05/11/the-fastest-growing-and-shrinking-cities-in-the-u-s/
Tejas is da spot in 2021.
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Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
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The key difference, like I mentioned, is that all those cities in TX and AZ have a shit ton of capacity for suburban expansion, whereas the Seattle metro area is largely developed out. It’s a lot easier to increase supply out therePurpleThrobber said:NEsnake12 said:Stonks only go up. It’ll probably be a while before the Seattle real estate market cools off, it’s still the fastest growing major city in the country, and the only one on the growth list that doesn’t have a high capacity for new suburban development sprawl.
Not so fast, my fren.
https://sundancecompanyblog.com/2021/05/11/the-fastest-growing-and-shrinking-cities-in-the-u-s/
Tejas is da spot in 2021. -
Buy low, sell high...the exact opposite strategy that I have apparently used for most of my “career” in RE...PostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
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Thanks but why didn't you comment on how wealthy I am for considering those locales?! Jerk me off buddy! I guess Id consider Broadmoor in Seattle too....Fishpo31 said:
Buy low, sell high...the exact opposite strategy that I have apparently used for most of my “career” in RE...PostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
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I hear there are lots of nice “summer homes” on Hood Canal...just what I’m hearingPostGameOrangeSlices said:
Thanks but why didn't you comment on how wealthy I am for considering those locales?! Jerk me off buddy! I guess Id consider Broadmoor in Seattle too....Fishpo31 said:
Buy low, sell high...the exact opposite strategy that I have apparently used for most of my “career” in RE...PostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
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Marysville and Kent are your options at this point, unless you change your attitude towards marriage @PostGameOrangeSlices .PostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
PM me if you want sugar mama advice. -
That's the way I look at my Seattle RE phase. Bought a C minus house that I was never going to like, but felt 2014 was our last chance to get on the appreciation train.Fishpo31 said:I just looked up a dump we bought in Leschi in 08, plan was to gut / remodel and build an addition. Never got to the addition, it’s a 2 br 1 bath, with a borderline unlivable basement...bought for 400k. 1.2MM now, for a fucking remodeled shack. The good news is it greased the skids to get us the fuck out of there.
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Why do you hate Gorst?YellowSnow said:
Marysville and Kent are your options at this point, unless you change your attitude towards marriage @PostGameOrangeSlices .PostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
PM me if you want sugar mama advice. -
@PostGameOrangeSlicesPostGameOrangeSlices said:Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
If you are being serious, this is my wheelhouse. Send me a PM. @YellowSnow @creepycoug
Also can get you dialed in on Kona and Aspen.
If you are being Sarktastic, Fuck Off.
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pawz said:
@PostGameOrangeSlicesPostGameOrangeSlices said:Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
If you are being serious, this is my wheelhouse. Send me a PM. @YellowSnow @creepycoug
Also can get you dialed in on Kona and Aspen.
If you are being Sarktastic, Fuck Off.
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I have some thoughts. Will follow up today.Sources said:Looking to buy a house in Seattle (or possibly Bainbridge) - anyone have an educated guess as to whether it's best to wait to buy? Some of the pricing on Zillow looks to be cooling off, but every article I find suggests that things are only continue to go up
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I laffedPostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
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Find more to the moon's that actually get there. HTHPostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
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ATOS is going to get there. I have thousands of shares and 15 contracts in this play.Baseman said:
Find more to the moon's that actually get there. HTHPostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
Either way, ya boy is living the life -
I shouldn’t have sold but i took my free trip to Cancun.PostGameOrangeSlices said:
ATOS is going to get there. I have thousands of shares and 15 contracts in this play.Baseman said:
Find more to the moon's that actually get there. HTHPostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
Either way, ya boy is living the life -
Seattle fared better the last crash than most of the nation. Took a haircut but as stated well past where it was.
Probably still a bubble now but if you're in for the long term Seattle will be Seattle. Limited room and limited housing keeps prices up generally
I'd probably wait until all this rent and foreclosure moratorium stuff plays out -
- The West is the Best.
Jim Morrison said so. -
Mail me some fish scalebackthepack said:
I shouldn’t have sold but i took my free trip to Cancun.PostGameOrangeSlices said:
ATOS is going to get there. I have thousands of shares and 15 contracts in this play.Baseman said:
Find more to the moon's that actually get there. HTHPostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
Either way, ya boy is living the life -
I will. Anything else?PostGameOrangeSlices said:
Mail me some fish scalebackthepack said:
I shouldn’t have sold but i took my free trip to Cancun.PostGameOrangeSlices said:
ATOS is going to get there. I have thousands of shares and 15 contracts in this play.Baseman said:
Find more to the moon's that actually get there. HTHPostGameOrangeSlices said:Looking to buy some properties in Medina, Yarrow Point, Kona, and maybe even Aspen. Any message board posters on a football forum have any advice for me?
Either way, ya boy is living the life -
@SourcesSources said:Looking to buy a house in Seattle (or possibly Bainbridge) - anyone have an educated guess as to whether it's best to wait to buy? Some of the pricing on Zillow looks to be cooling off, but every article I find suggests that things are only continue to go up
The first answer is it's tricky, and it depends. Not what you want to hear.
There is always some seasonal slowing going into the summer. One of the best times to buy is in August as there will be less competition as families are busy getting in their last vaca before school starts. We are also seeing the number of buyers per door go down because they are tired of getting kicked in the nuts over and over. But to be sure, they are still out there just - choosing not to compete.
Thing will continue to go up for the foreseeable future. The one element to this that makes it atypical to a bubble is the sheer amount of cash in the marketplace. Usually in bubbles it's because people are over-leveraged. Not here.
The wildcard to the previous statement is the forbearances and foreclosures stacking up at the banks. While the preliminary numbers sound extraordinarily high, we must remember these are localized to the areas of the working poor and won't necessarily impact the tech-centers.
Hopefully this helps. Please let me know any follow-up questions. -
Appreciate the input - this is helpful. Homes cost what they cost, I just don't want to throw a bunch of money into something and suddenly I'm 20% underwater. General consensus seems to suggest that Seattle is relatively immune from a major downturn, which gives me some comfort.pawz said:
@SourcesSources said:Looking to buy a house in Seattle (or possibly Bainbridge) - anyone have an educated guess as to whether it's best to wait to buy? Some of the pricing on Zillow looks to be cooling off, but every article I find suggests that things are only continue to go up
The first answer is it's tricky, and it depends. Not what you want to hear.
There is always some seasonal slowing going into the summer. One of the best times to buy is in August as there will be less competition as families are busy getting in their last vaca before school starts. We are also seeing the number of buyers per door go down because they are tired of getting kicked in the nuts over and over. But to be sure, they are still out there just - choosing not to compete.
Thing will continue to go up for the foreseeable future. The one element to this that makes it atypical to a bubble is the sheer amount of cash in the marketplace. Usually in bubbles it's because people are over-leveraged. Not here.
The wildcard to the previous statement is the forbearances and foreclosures stacking up at the banks. While the preliminary numbers sound extraordinarily high, we must remember these are localized to the areas of the working poor and won't necessarily impact the tech-centers.
Hopefully this helps. Please let me know any follow-up questions.
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It wasn't the Taj Mahal but it wasn't a POSYellowSnow said:
My POS Seattle starter house has increased $161,000 since we sold last July. Christ. I hated that fucking house.NEsnake12 said:I bought my first condo in Seattle in December 2019, did a ton of research on the market at the time and felt good about it. And since then the Zillow value of the property has appreciated nearly 30%
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Yes, some hyperbole on my part DJ. It was better than a lot of crummy old houses. But still it was never going to be a happy wife, happy life home.DerekJohnson said:
It wasn't the Taj Mahal but it wasn't a POSYellowSnow said:
My POS Seattle starter house has increased $161,000 since we sold last July. Christ. I hated that fucking house.NEsnake12 said:I bought my first condo in Seattle in December 2019, did a ton of research on the market at the time and felt good about it. And since then the Zillow value of the property has appreciated nearly 30%
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That data is a full year old.NEsnake12 said:Stonks only go up. It’ll probably be a while before the Seattle real estate market cools off, it’s still the fastest growing major city in the country, and the only one on the growth list that doesn’t have a high capacity for new suburban development sprawl.
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A great house though if you were a bachelorYellowSnow said:
Yes, some hyperbole on my part DJ. It was better than a lot of crummy old houses. But still it was never going to be a happy wife, happy life home.DerekJohnson said:
It wasn't the Taj Mahal but it wasn't a POSYellowSnow said:
My POS Seattle starter house has increased $161,000 since we sold last July. Christ. I hated that fucking house.NEsnake12 said:I bought my first condo in Seattle in December 2019, did a ton of research on the market at the time and felt good about it. And since then the Zillow value of the property has appreciated nearly 30%
