07-14-08 - 4

It seems like a good time to buy real estate in Seattle. I don't know if the prices have actually come down much, but there is a glut of availability. Even just with existing units, I'm seeing "for sale" signs everywhere. Tons of condos for sale, houses for sale, and tons of people renting out their condos or homes. All of Queen Anne seems to be on sale, it's a Queen Anne liquidation - everything must go! Then you add in the fact that there are still a ton of huge condo complexes under construction, presumably left over momentum from the housing boom, and they will be completed one by one over the next few years and even more units should push prices down.

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old rants