RSS

Posts Tagged ‘Housing Market’

May 12th, 2024 - 5:03 pm § in America, Economics

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[...]

November 6th, 2022 - 9:12 am § in Business, Democrats, Economics, Politics, Republicans

“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 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[...]

April 16th, 2017 - 12:28 am § in The Ave Scene

SUNDAY REVELATIONS: Call Me Reverend

from David Preston at the Blog Quixotic A Leader of Seattle’s Homeless Industry The Bill Kirlin-Hackett Story Mr. Mild The first impression one gets of the Reverend Bill Kirlin-Hackett is of someone we’d expect to find singing kum-ba-ya around the campfire or handing out coffee and hugs at[...]