What Is Going On In Seattle Market

Come on, Mr. Seattle, if you are breathing, you could get a $100K job in the Fab 7x7 with 401K and generous starting PTO!!! Only 6th???

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SF has become overvalued :face_with_hand_over_mouth:

That’s BS and you know it. Median household income isn’t even $100k.

https://www.point2homes.com/US/Neighborhood/CA/San-Francisco-Demographics.html

Rent control made SF a low income city. Without rent control, income could be much higher.

There’s no rent control in Seattle so Seattle income is real

Yes, Mid-Columbia…

Tri-cities is FAR. That’s not commutable. It’s like comparing Fresno to BA.

https://www.trulia.com/real_estate/Seattle-Washington/market-trends/

It looks like prices typically peak in spring or early summer and decline late in the year. The yr-yr trend is higher though. You can see in the table prices are lower vs. 3 months prior but higher yr-yr. People like @tomato will regret not buying when spring hits.

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PAst is not an indicator of the future, right? :slight_smile:

nah i am messing with you :slight_smile: it’s ok.

Clearly you think you’re better at predicting the future than everyone else. I doubt you’ll even be able to buy at prices lower than when you started looking. So even if you buy below a short-term peak, you’re still buying above where you could have.

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They need to get it together with light rail expansion. The projects are all behind schedule and already having budget problems. It’s a typical government run transportation project. It’s crazy to think of all the projects we’d have if we completed projects on time and on budget. We’d easily have 3x the number of projects without spending more money.

Good article on how building lots of apartments lowered rents. Go figure.

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Supply and Demand. Works, when you give it a chance…

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Seattling is looking at less restrictive ADU requirements

http://www.seattle.gov/council/adu-eis

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Making rules easier does not mean more units per se.
in SF they relaxed rules. 60 units built out of thousands of potentially. Not that many want strangers living in their backyard

Well, the problem with SF is that there are so many ADUs already online before the regs came. I am not so sure Seattle is the same.

https://www.mansionglobal.com/articles/seattle-s-madison-park-has-a-small-town-feel-and-strong-real-estate-market-113755

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