Capitalism is. I’m not saying there’s a better system for supplying homes, owned or rented, to everyone who needs them. Nobody in America wants to live in Soviet housing. Rather, I’m reacting to an NPR article (here) which, like many journalistic endeavors, begins with an anecdote:[...]
Posts Tagged ‘Housing Market’
What’s with sky-high home prices?
Young adults starting out can’t buy houses in Washington (or in a lot of other places). A Seattle Times article (here) of May 12, 2024, says two-thirds of Washington’s under-35 adults are renting, and in King County three-fourths are, many because they can’t afford starter homes. T[...]
“Wall Street should not be any family’s landlord”
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[...]
January 25th, 2019 - 1:08 am § in The Ave Scene
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[...]
January 16th, 2019 - 6:29 pm § in The Ave Scene
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 [...]
September 19th, 2017 - 12:27 pm § in The Ave Scene
What happens when you build, and build, and build.
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September 17th, 2017 - 1:56 am § in The Ave Scene
Hong Kong offers the future of housing in Seattle
IS THIS SEATTLE”S FUTURE?[...]
July 7th, 2017 - 12:12 am § in The Ave Scene
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[...]
June 20th, 2017 - 9:45 am § in The Ave Scene
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[...]
June 20th, 2017 - 1:22 am § in Misc.
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[...]