There are stalled building projects all over Seattle....it’s amazing.
Builders who speculated in Seattle should’ve gambled somewhere else. There are states where building continues at a fast clip... see North Carolina.
Only Michigan has a higher unemployment rate than Oregon.
And if they’re not stalled they’re slow rolling. My organization is trying to build a hospital. They now say they’re going to complete the outside and not build out the inside, but I don’t see anything changing as I drive past every day.
There are stalled building projects all over Seattle....it’s amazing.
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
My wife and I own the place where we live debt free. For years we have talked about moving west either into the far western part of South Carolina or into Western North Carolina but mountain property had taken a big jump in price recently. I am wondering now if prices will fall to the point that we can buy that place in the hills and keep what we have. I don’t think we could possibly sell what we have for enough to be worth doing it. A house on a lot adjoining our property is supposed to be sold now with a closing date coming up on the 25th but it was on the market almost a year and is selling for little more than half what the owner originally expected to get. A nice 3 bed, 2 bath on a 2 acre lot adjoins our peoperty on the other side and it has just been foreclosed on and is back on the market.
The other side of the coin is will things get so bad we can’t afford to eat even if we do own our home debt free? I am very pessimistic about the future.