Posted on 02/08/2007 8:51:38 PM PST by Proud_USA_Republican
Why would I put a sarsacm tag about things booming in downtown Seattle?
Do you live there with a family?
Agreed. Everyone wants to pull the door shut after themselves.
Go to North Carolina, Florida or many of the growing western states. In all those places you will find a hatred toward the newcomers. People who are born in nice places seem to think they have a right to decide who gets to live there and who does not.
When I was a kid, my father moved our family from Michigan to Miami, Florida, where there were relatives on both sides of the family tree. I don't recall a hostile reception, but we were told that we "talked funny." ;)
When I was 19, I fled Florida for California. I don't recall any particular hostility, but again, some folks thought I "talked funny." It did take a while for me to find my first job, though!
I have a husband and we live in Belltown.
A lot of Coloradoans came to California to find jobs around that time. I'm pretty sure that most of them didn't face anywhere near the hostility I later faced occasionally in Fort Collins, at a time when many Californians were in reverse migration mode (when Colorado finally had more jobs).
Some of the hostile Coloradoans had themselves been immigrants in the not-too-distant past, including from California.
I also remember jokes about Oklahoma being the only trailer park that became a state.
And of course, Wyoming folks referred to Coloradoans as "greenies" due to the license plates.
It doesn't mean much, except maybe the sellers realized that the high end market was saturated and that this might not be the time to sell.
Oh, I forgot to add, The Seattle Post Intelligencer - Intelligent as a Post.
Doomed!
In my simple way of thinking, the mean is more meaningful (no pun intended) than the median, since more data are given significance. The median is just calculated from the high and the low, ignoring everything in between.
Would you raise kids there?
Why do I get the idea that this would be fatal in Texas? Squatter = burglar.
That's because people coming to new places should assimilate and they don't. Kinda like yankees lecturing Texans on how to barbeque. It's a very bad idea.
A house I worked on stood vacant for over six months and the contractor was in the process of going belly up. He hadn't visited the property in several months and when he got a water bill for over $2000.00 he figured there was a problem. The furnace quit working and two water pipes froze and burst. The resulting mold growth was incredible and the sheet rock on the first floor and basement along with all of the insulation and wiring, the water heater, air to air exchanger, and furnace had to be removed and replaced. The bank repossessed the house and had to sell it at auction so the next contractor could fix it up and try to sell it.
The real estate market in the Twin Cities has gone South also but such is life in the free market. This boom has been going since about 92' and when an average person cannot afford the mortgage to buy a house the market will naturally adjust itself.
I don't hate anybody, it is a waste of energy, I was merely commenting that some people may have a reason for not welcoming those who had such a superior attitude in the past. Actually, I hope you do well in Tennessee, it is a beautiful state and the home of some wonderful people. Just be careful where you look for those conservative values, they are becoming more and more rare. Also, please don't be one of those who moves South and spends the rest of life telling everyone who will listen how much better things were back home, you wouldn't believe how many of those there are. One of my inlaws has a son who married a woman from Michigan and moved her to Virginia Beach, she spent fifteen minutes telling me how there is absolutely nothing to do in Virginia, imagine that, whereas Michigan is a paradise. They are divorced now and she is back in Michigan the last I heard. Actually, she sort of reminded me of a young Airman at the old Myrtle Beach air base who wanted to transfer to Hawaii because he couldn't find a girl friend in Myrtle Beach in midsummer. A guy like that probably couldn't find a place to fish in Michigan.
Cheers,
Rip
>>"That's odd," Bob Melvey, assistant manager at Windermere Real Estate's Ballard office, said of the Seattle numbers. "My personal experience doesn't jibe with the stats."<<
All I can really say to that is... ;)
A buddy of mine REAKLLY wanted to buy this house in his neighborhood (within the Seattle city limits) late last winter. It was priced at $500k and out of his range.
It went into foreclosure and he closed a couple of weeks ago for $340k. He is completing some improvements now and will be moving in the end of the month.
It starts...
>>Seattle is "la la Liberal" land.....they deserve what they get.....people are probably starting to figure it out....PLUS the price of housing has been skyrocketing for so long, it's time for a correction!<<
I live here. I have rented ever since my divorce in '97. Meanwhile, in that time, I have moved a few times, improved my living conditions substantially and my rent has gone from $1,400 in the beginning, to a high of $1,750 to $1,600 now. And this is the nicest place I've been in. It is appraised at just a hair over $500k. I'm able to sock away aproximately $2,000 a month that would be going into house payments if I were to buy it. With a collapsing market, I'll continue to rent.
that is a HUGE DROP.
Wanna bet? But what has really happened I think is that it has been gradually happening but not reported, until this "lump sum" decline showed up.
I have lots of friends in the business. The agent quoted in the article notwithstanding, this is no surprise to me. I've lived here since 1966 and both my wife and I have been agents. We have watched this with great interest for a long time. It is not a good market, and that is being polite about it.
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