The rest of the country is seeing the bubble deflate in very real terms. All across the country, the weird mortgages that people got in irrational exuberance are now producing record percentages of defaults. Here it Seattle, it is a little bit different. The pyramid scheme hasn’t collapsed, but it is definitely slowing down. Tear-downs [...]
The Seattle Times: Real Estate: Fewer can afford to buy a house in King County, report says Foreclosures up sharply in state, Seattle area I’ve been saying this for years. The median home price in Seattle has far eclipsed the median income. This means that it is becoming impossible for people working in the area [...]
There are some things I just don’t understand about the way people choose to live. So, we decided to get out of the city and check out some fall colors this weekend. Maybe go for a walk in the woods. This is metronatural Seattle after all. So we drive east and east past what was [...]
