Wall Street profiteers crashed the housing market with subprime snake oil, then scooped up vast numbers of single-family homes (SFRs) at foreclosure prices, and now they’re gouging tenants with exorbitant rents. High shelter costs are a major component of the inflation now ravaging ordinary wo[...]
Posts Tagged ‘Housing Market’
WHY DOES A NEW UNIT COST $300,000?
Amidst the housing crisis I am told that new unit, a 2 bed room apartment, built today in public housing costs over $300,000! How can that be? The number excludes land costs and assumes no profit. Gad? Yes BUT … I am a boater. Go the the Seattle Boat Show. You can buy a rather [&hellip[...]
BREAKING NEWS: Microsoft to build houses!
The NY Times reports that Microsoft is investing $500 million to build affordable housing! The Times quotes Satya Nadella, the chief executive, and Brad Smith, its president of Microsoft, was a result of a concern that the housing initiative came out of concern about skyrocketing real estate [...]
What happens when you build, and build, and build.
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Hong Kong offers the future of housing in Seattle
IS THIS SEATTLE”S FUTURE?[...]
ONE MILLION DOLLARS: Median Price On Queen Anne
One million dollars……. The median price now for a Queen Anne home in Seattle. And the rocketing cost of housing doesn’t stop there. Our condo association offered a 4th floor unit with average views but a great downtown location at $450 thousand – it went to the highest bidder[...]
Seattle Real Estate
8737 1st Ave NW, Seattle, WA 98117 – 2 beds/1 bath (NWMLS) For Sale: 2 bed, 1 bath, 1210 sq. ft. house located at 8737 1st Ave NW, Seattle, WA 98117 on sale now for $448,000. MLS# 1106355. Huge potential for builders and investors! Located only a few minut… REDFIN.COM[...]
Who Writes Laws in Seattle?
June 5, 2017 What would you think if you discovered automobile executives had written a bill on auto safety and handed it to your senator to sponsor? And what if you learned those same executives had penned pro-industry letters to the editor for your senator to send to the local newspaper under his[...]
Why We Have A Homeless Problem
The Margin Dwellers From The Blog Quixotic A word of advice to aspiring reporters: Don’t ever volunteer for the poverty beat. It’ll tear the heart out of you. Meet Jennifer Allison (on the left). She’s the manager at the Georgian Motel on Aurora Ave N. in Seattle. She’s lived there for t[...]