Profile picture for jeremy.b

Interesting opinion on home prices in Seattle

Do you buy it?

 

I can't refute the conclusion of the study but I don't know nearly as much about real estate as a good portion of you Zillowers on here.  Would love to know what people think since land use regulation is an issue in a fair number of cities around the nation. 

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008 - US
We think we've answered this question for you!
 
 

Replies (9)

Profile picture for cheapskate

Holy Smokes Seattle house prices went up by 200k wow. Yes sierra club is big here in seattle they have a lot of influence from politicians and people.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008
Profile picture for cheapskate

Care to comment Aldreth? This guy is a UW professor in economics lol

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008
Profile picture for cheapskate

Hey azrob, care to comment on this one? This guy is for real man! lol 

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008
Profile picture for cheapskate

Oh yeah Randy "claim" to be expert in finance and economy. Care to comment on this one bud? lol

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008

two comments:

1. I would never want to own real estate where prices are held up only by government interference. Tomorrow, seattle could begin approving more housing/condos/development, and poof, there goes the price support.

 

2. Unless rents have kept in line, I'm calling BS. Housing price increases due to supply demand issues, such as a lack of housing, result in rents climbing just as fast as prices, and hence price/rent ratio should remain relatively stable.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008

two comments:

1. I would never want to own real estate where prices are held up only by government interference. Tomorrow, seattle could begin approving more housing/condos/development, and poof, there goes the price support.

 

2. Unless rents have kept in line, I'm calling BS. Housing price increases due to supply demand issues, such as a lack of housing, result in rents climbing just as fast as prices, and hence price/rent ratio should remain relatively stable.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008
Profile picture for Aldreth

"Backed by studies showing that middle-class Seattle residents can no longer afford the city's middle-class homes, consensus is growing that prices are too darned high."

 

---Yep...

 

Last summer, King County's potential first-time buyers earning the median family income ($75,143) had just 37 percent of the financial wherewithal to buy the median-priced single-family house ($477,000) at the prevailing interest rate (6.47 percent).

Five years earlier, when King County's median-priced house cost $282,500, median-income, first-time buyers possessed 72 percent of the income needed.

 

---Yep...

 

Will Prices Fall?

<--- Yep...

 

 

 

 

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008

I see shipdip has been on in his multiple personalities, saying "helpfull" to all his posts, and unhelpfull to everyone else!!! how funny/sad...

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008
Profile picture for Aldreth

aye.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 14 2008
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
Scams and Fraud
Profile picture for Michael Emery
Latest reply by Michael Emery
October 14 2010 | 75 answers
  • Posted by Russ Hatfield Jr.
  • In Home Buying
  • March 17 2010
Can a buyer put multiple offers?
Profile picture for user4364299
Latest reply by user4364299
17 minutes ago | 8 answers
Are Manufactured Homes A Poor Choice in Housing?
Profile picture for Brandon Brown
Latest reply by Brandon Brown
49 minutes ago | 19 answers
section 8 people buying homes?
Profile picture for sharjake8
Latest reply by sharjake8
1 day ago | 20 answers
  • Posted by Steven Pacchiano
  • In Home Buying
  • October 09 2010
I recently filed for bankruptcy and am trying to get a loan on a new manufactured home in
Profile picture for Brandon Dinsbach
Latest reply by Brandon Dinsbach
1 day ago | 3 answers
  • Posted by bobbyd1944
  • In Moving
  • October 25 2013
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.