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(KING 5 News)   Seattle area housing market shows signs of cooling down, which means there may be slightly less knife-fighting at the next open house   (king5.com) divider line
    More: Interesting, fair price, last couple of years, lot of people, little bit, home inspection, lot, last year, dice  
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869 clicks; posted to Main » on 14 Sep 2021 at 8:50 PM (8 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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View Voting Results: Smartest and Funniest
 
2021-09-14 8:53:46 PM  
Slow news day?
 
2021-09-14 8:55:45 PM  
thumbs.gfycat.comView Full Size
 
2021-09-14 8:59:01 PM  

jaivirtualcard: Slow news day?


house got listed 4 days ago and no bites yet. Supposedly 2 weeks ago it'd be gone in a day....

getting nervous
 
2021-09-14 8:59:20 PM  
We should have the fed bail out the housing market in Seattle.  Housing prices should always, and forever, go up.
 
2021-09-14 9:02:24 PM  

thehobbes: jaivirtualcard: Slow news day?

house got listed 4 days ago and no bites yet. Supposedly 2 weeks ago it'd be gone in a day....

getting nervous


I'm looking to sell my condo and knew it was smart to do it two months ago and procrastinated. It's cool, it'll still sell eventually
 
2021-09-14 9:03:37 PM  
THE BUBBLE'S BURSTING! RUN FOR THE HILLS! RUN ON THE BANKS! CATS AND DOGS LIVING TOGETHER! MASS HYSTERIA!
 
2021-09-14 9:06:25 PM  
The housing market near me is completely not logical right now.  Properties are selling way above asking price and in areas where no one lives and there isn't anything that will attract people to live here.  I don't get it.
 
2021-09-14 9:07:27 PM  
The Karens descended like a murder of crows into the open house while they grackled about the good school districts and the HOA amenities. Two of the loudest began circling each other while whipping their necks to emote their displeasure that their counterpart could win this roost.

They moved their fingers with oversized nails in a threatening display as each one called upon the dark god Manager, whose prays to it would be answered by the most willing.

Eventually one became frustrated with the standoff as neither one yielded. The impatient one emitted her death rattle and slapped her opponent in the face as a final act of desperation. The wounded Karen was cut deeply by her opponent's clause and messed the crisp linen white sofa that they had nearby.

As the wounded Karen crumbled into the sofa, she shrieked "250k over asking. Cash on hand". This drove the other Karens away to pick up their Brendans and Madeilines from the stoop where those had gathered to tell horror stories of what their mothers had done in the Safeway.

That is how property values were increased by 5% that day.
 
2021-09-14 9:09:36 PM  

Summoner101: [thumbs.gfycat.com image 500x200]


Slightly fewer knife-fighting?
 
2021-09-14 9:15:20 PM  
I bought my house in Seattle 17 years ago. I'm doing OK
 
2021-09-14 9:19:36 PM  
Wake me up when that happens here in Denver...the housing market here is still crazy.
 
2021-09-14 9:22:58 PM  
You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...
 
2021-09-14 9:24:57 PM  

Iniamyen: Summoner101: [thumbs.gfycat.com image 500x200]

Slightly fewer knife-fighting?


Sounds like we have another volunteer for sacrifice to R'hllor!
 
2021-09-14 9:27:40 PM  
Cool. Now bring it down 75% so that the younger generations can have a chance of owning something some day rather than just owning student debt.
 
2021-09-14 9:35:45 PM  

austerity101: Cool. Now bring it down 75% so that the younger generations can have a chance of owning something some day rather than just owning student debt.


Give it 10ish more years, tons of houses are going to open up as the Boomers shuffle off.
 
2021-09-14 9:37:57 PM  
i was expecting an article about wild fires....leaving disappointed.
 
2021-09-14 9:40:03 PM  

fragMasterFlash: You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...


Let me know where people are only paying 800k for a 3000 square foot home.
 
2021-09-14 9:57:04 PM  
Seattle has been on an absolute tear building apartments (that will become condos in a few years, but for construction flaw liability reasons they always start as apartments in this area). Supply and demand works, and Seattle let developers actually build. Even out where I live in the burbs, each house torn down is replaced with two on the same lot. More supply. Crappy, no-yard McMansion supply, but supply is supply. Not surprising the market is slowing down a bit. It's still insane - prices up 10-20% versus a year ago and houses on the market for an average of a week or less.
 
2021-09-14 10:10:05 PM  

fragMasterFlash: You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...


Hah!  Let me tell you about the three skinny houses recently slapped together on a single lot by a two-bit developer in my no-name north Seattle neighborhood.  The slightly larger house went for a million; sold before the "For Sale" sign even went up.  On 1/3 of what used to be a standard one-house corner lot.  The garage is squeezed into the back of the house, and requires two quick 90-degree turns to access.  The owners can't do it, so they just leave their cars in the driveway.

The other two houses were listed for $800k each.  The lots are about 2700 square feet each, and the homes are just over 1300 square feet.  One has sold, and the owners are already hiring contractors to fix broken items.  The unsold house has a big red "Do Not Occupy" sign on it, because the cheap-ass developer only put in one meter, to be shared between the two homes.

I am so angry about the developer for being rewarded almost $3 million for his shoddy work, for the buyers who have more money than brains, and for the City inspectors who signed off on this crap.
 
2021-09-14 10:15:13 PM  
If we didn't treat housing like a financial investment ...

As it is, I'm glad the people that don't really want to be in Seattle are finally thinking of not being in Seattle. I just wish they'd done it before wrecking the place.

I wonder if there's enough of disappearing Seattle left for it to recover. I'd like a few jazz haunts back, please.
 
2021-09-14 10:16:19 PM  

Samfucious: If we didn't treat housing like a financial investment ...


Kind of hard not to when it is largest purchase one will make in their life?
 
2021-09-14 10:26:23 PM  

Miss Stein: fragMasterFlash: You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...

Hah!  Let me tell you about the three skinny houses recently slapped together on a single lot by a two-bit developer in my no-name north Seattle neighborhood.  The slightly larger house went for a million; sold before the "For Sale" sign even went up.  On 1/3 of what used to be a standard one-house corner lot.  The garage is squeezed into the back of the house, and requires two quick 90-degree turns to access.  The owners can't do it, so they just leave their cars in the driveway.

The other two houses were listed for $800k each.  The lots are about 2700 square feet each, and the homes are just over 1300 square feet.  One has sold, and the owners are already hiring contractors to fix broken items.  The unsold house has a big red "Do Not Occupy" sign on it, because the cheap-ass developer only put in one meter, to be shared between the two homes.

I am so angry about the developer for being rewarded almost $3 million for his shoddy work, for the buyers who have more money than brains, and for the City inspectors who signed off on this crap.


There's a small house down the street from me in Renton that, according to the sign out front, is set to be replaced by six townhomes. I walk by it every day and look at the sketch and puzzle just how in the hell that's going to fit.
 
2021-09-14 10:30:43 PM  
So you're saying there's a chance I may be a homeowner again someday?

My one "gamble" in Vegas real estate paid off very well when I sold my house in April but then I moved to the Seattle area, LOL.
 
2021-09-14 10:36:17 PM  

sprgrss: The housing market near me is completely not logical right now.  Properties are selling way above asking price and in areas where no one lives and there isn't anything that will attract people to live here.  I don't get it.


How's the internet connection?
 
2021-09-14 10:43:00 PM  

Incontinent_dog_and_monkey_rodeo: austerity101: Cool. Now bring it down 75% so that the younger generations can have a chance of owning something some day rather than just owning student debt.

Give it 10ish more years, tons of houses are going to open up as the Boomers shuffle off.


Banks and investors will keep snapping them up to rent back to the kids for a profit.
 
2021-09-14 10:49:57 PM  

fragMasterFlash: You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...


You just described my house, except it can be sold for $1.4 m now. Stupid.
 
2021-09-14 11:01:02 PM  

powtard: sprgrss: The housing market near me is completely not logical right now.  Properties are selling way above asking price and in areas where no one lives and there isn't anything that will attract people to live here.  I don't get it.

How's the internet connection?


Pretty non-existent.
 
2021-09-14 11:06:26 PM  

SPARC Pile: The Karens descended like a murder of crows into the open house while they grackled about the good school districts and the HOA amenities. Two of the loudest began circling each other while whipping their necks to emote their displeasure that their counterpart could win this roost.

They moved their fingers with oversized nails in a threatening display as each one called upon the dark god Manager, whose prays to it would be answered by the most willing.

Eventually one became frustrated with the standoff as neither one yielded. The impatient one emitted her death rattle and slapped her opponent in the face as a final act of desperation. The wounded Karen was cut deeply by her opponent's clause and messed the crisp linen white sofa that they had nearby.

As the wounded Karen crumbled into the sofa, she shrieked "250k over asking. Cash on hand". This drove the other Karens away to pick up their Brendans and Madeilines from the stoop where those had gathered to tell horror stories of what their mothers had done in the Safeway.

That is how property values were increased by 5% that day.


Bravo!
 
2021-09-15 12:02:39 AM  

I should be in the kitchen: So you're saying there's a chance I may be a homeowner again someday?

My one "gamble" in Vegas real estate paid off very well when I sold my house in April but then I moved to the Seattle area, LOL.


You and 20k others this year.  Something tells me that ain't slowing down.
 
2021-09-15 12:14:16 AM  

sprgrss: The housing market near me is completely not logical right now.  Properties are selling way above asking price and in areas where no one lives and there isn't anything that will attract people to live here.  I don't get it.


Nobody lives there, it's too crowded.
 
2021-09-15 12:33:00 AM  

I should be in the kitchen: Miss Stein: fragMasterFlash: You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...



Hah!  Let me tell you about the three skinny houses recently slapped together on a single lot by a two-bit developer in my no-name north Seattle neighborhood.  The slightly larger house went for a million; sold before the "For Sale" sign even went up.  On 1/3 of what used to be a standard one-house corner lot.  The garage is squeezed into the back of the house, and requires two quick 90-degree turns to access.  The owners can't do it, so they just leave their cars in the driveway.


The other two houses were listed for $800k each.  The lots are about 2700 square feet each, and the homes are just over 1300 square feet.  One has sold, and the owners are already hiring contractors to fix broken items.  The unsold house has a big red "Do Not Occupy" sign on it, because the cheap-ass developer only put in one meter, to be shared between the two homes.


I am so angry about the developer for being rewarded almost $3 million for his shoddy work, for the buyers who have more money than brains, and for the City inspectors who signed off on this crap.


There's a small house down the street from me in Renton that, according to the sign out front, is set to be replaced by six townhomes. I walk by it every day and look at the sketch and puzzle just how in the hell that's going to fit.


Probably going to look something like this:



Fark user imageView Full Size



I'm telling you, the next temblor Seattle has over 5.0, and a good portion of newly-built real estate is going to collapse like a pile of balsawood and saran wrap.

 
2021-09-15 12:33:39 AM  

austerity101: Cool. Now bring it down 75% so that the younger generations can have a chance of owning something some day rather than just owning student debt.


Hey, kids! Want to own your grandparent's split level Tudor Federal ranch in West Suburbia Estates?

/It's got a satellite and a land line!
//It's all electric, no solar!
///Still smells like old people!
 
2021-09-15 12:37:33 AM  

mononymous: THE BUBBLE'S BURSTING! RUN FOR THE HILLS! RUN ON THE BANKS! CATS AND DOGS LIVING TOGETHER! MASS HYSTERIA!


biatch I Wish!!
 
2021-09-15 1:04:25 AM  

Miss Stein: I should be in the kitchen: Miss Stein: fragMasterFlash: You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...Hah!  Let me tell you about the three skinny houses recently slapped together on a single lot by a two-bit developer in my no-name north Seattle neighborhood.  The slightly larger house went for a million; sold before the "For Sale" sign even went up.  On 1/3 of what used to be a standard one-house corner lot.  The garage is squeezed into the back of the house, and requires two quick 90-degree turns to access.  The owners can't do it, so they just leave their cars in the driveway.
The other two houses were listed for $800k each.  The lots are about 2700 square feet each, and the homes are just over 1300 square feet.  One has sold, and the owners are already hiring contractors to fix broken items.  The unsold house has a big red "Do Not Occupy" sign on it, because the cheap-ass developer only put in one meter, to be shared between the two homes.
I am so angry about the developer for being rewarded almost $3 million for his shoddy work, for the buyers who have more money than brains, and for the City inspectors who signed off on this crap.
There's a small house down the street from me in Renton that, according to the sign out front, is set to be replaced by six townhomes. I walk by it every day and look at the sketch and puzzle just how in the hell that's going to fit.
Probably going to look something like this:

[Fark user image image 425x283]

I'm telling you, the next temblor Seattle has over 5.0, and a good portion of newly-built real estate is going to collapse like a pile of balsawood and saran wrap.


Probably, and I don't like it. While I have no real attachment to this city, after 18 years in Vegas it's nice to see homes with character, and all the ones on this street are over 100 years old.

Anyway, here's a terrible photo bc it's dark out and my asshole dogs wouldn't stop pulling on their leashes. No idea how six townhomes will fit on that lot (white house in the middle). I'm guessing it'll be a really skinny building with garage access where that red truck is.
Fark user imageView Full Size
 
2021-09-15 1:18:47 AM  

I should be in the kitchen: Miss Stein: I should be in the kitchen: Miss Stein: fragMasterFlash: You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...Hah!  Let me tell you about the three skinny houses recently slapped together on a single lot by a two-bit developer in my no-name north Seattle neighborhood.  The slightly larger house went for a million; sold before the "For Sale" sign even went up.  On 1/3 of what used to be a standard one-house corner lot.  The garage is squeezed into the back of the house, and requires two quick 90-degree turns to access.  The owners can't do it, so they just leave their cars in the driveway.
The other two houses were listed for $800k each.  The lots are about 2700 square feet each, and the homes are just over 1300 square feet.  One has sold, and the owners are already hiring contractors to fix broken items.  The unsold house has a big red "Do Not Occupy" sign on it, because the cheap-ass developer only put in one meter, to be shared between the two homes.
I am so angry about the developer for being rewarded almost $3 million for his shoddy work, for the buyers who have more money than brains, and for the City inspectors who signed off on this crap.
There's a small house down the street from me in Renton that, according to the sign out front, is set to be replaced by six townhomes. I walk by it every day and look at the sketch and puzzle just how in the hell that's going to fit.
Probably going to look something like this:

[Fark user image image 425x283]

I'm telling you, the next temblor Seattle has over 5.0, and a good portion of newly-built real estate is going to collapse like a pile of balsawood and saran wrap.

Probably, and I don't like it. While I have no real attachment to this city, after 18 years in Vegas it's nice to see homes with character, and all the ones on this street are over 100 years old.

Anyway, here's a terrible photo bc it's dark out and my asshole dogs wouldn ...


Oh that looks like one of those post-WWII starter homes.  Really sad to be pulling that down, for skinny mini townhomes that don't match the neighborhood aesthetic whatsoever.  My guess is there will be two rows of three townhomes side-by-side, facing each other, and a skinny path between them, with a one-car garage at each base that will hold approximately 1 mini-Cooper.
 
2021-09-15 1:39:16 AM  

Miss Stein: I should be in the kitchen: Miss Stein: I should be in the kitchen: Miss Stein: fragMasterFlash: You mean people are finally getting tired of spending $800k+ for a 3000 square foot home on a 2000 square foot lot? Go figure...Hah!  Let me tell you about the three skinny houses recently slapped together on a single lot by a two-bit developer in my no-name north Seattle neighborhood.  The slightly larger house went for a million; sold before the "For Sale" sign even went up.  On 1/3 of what used to be a standard one-house corner lot.  The garage is squeezed into the back of the house, and requires two quick 90-degree turns to access.  The owners can't do it, so they just leave their cars in the driveway.
The other two houses were listed for $800k each.  The lots are about 2700 square feet each, and the homes are just over 1300 square feet.  One has sold, and the owners are already hiring contractors to fix broken items.  The unsold house has a big red "Do Not Occupy" sign on it, because the cheap-ass developer only put in one meter, to be shared between the two homes.
I am so angry about the developer for being rewarded almost $3 million for his shoddy work, for the buyers who have more money than brains, and for the City inspectors who signed off on this crap.
There's a small house down the street from me in Renton that, according to the sign out front, is set to be replaced by six townhomes. I walk by it every day and look at the sketch and puzzle just how in the hell that's going to fit.
Probably going to look something like this:

[Fark user image image 425x283]

I'm telling you, the next temblor Seattle has over 5.0, and a good portion of newly-built real estate is going to collapse like a pile of balsawood and saran wrap.

Probably, and I don't like it. While I have no real attachment to this city, after 18 years in Vegas it's nice to see homes with character, and all the ones on this street are over 100 years old.

Anyway, here's a terrible photo bc it's dark out and my asshole dogs wouldn ...

Oh that looks like one of those post-WWII starter homes.  Really sad to be pulling that down, for skinny mini townhomes that don't match the neighborhood aesthetic whatsoever.  My guess is there will be two rows of three townhomes side-by-side, facing each other, and a skinny path between them, with a one-car garage at each base that will hold approximately 1 mini-Cooper.


Even sadder: I just did some Zillow snooping and it was built in 1910 😔
 
2021-09-15 1:55:39 AM  
My house sold back in May and resulted in an actual street fight between two realtors, so I'm getting a kick. Only 100k over ask though.
 
2021-09-15 2:41:11 AM  
I should be in the kitchen:

Even sadder: I just did some Zillow snooping and it was built in 1910 😔


That is really sad.  Renton was incorporated at the turn of the century.  That's one of the oldest houses in town.  It probably has some real history.  As you have the address, you can pull up a parcel viewer and look at the ownership background, see how far back it goes.
 
2021-09-15 7:41:50 AM  

felching pen: sprgrss: The housing market near me is completely not logical right now.  Properties are selling way above asking price and in areas where no one lives and there isn't anything that will attract people to live here.  I don't get it.

Nobody lives there, it's too crowded.


No, nobody lives here.  the vast bulk of the homes that are being bought are sitting vacant. Someone or something is paying well above market for houses and letting them sit dormant.
 
2021-09-15 11:47:17 AM  

sprgrss: Samfucious: If we didn't treat housing like a financial investment ...

Kind of hard not to when it is largest purchase one will make in their life?


Individual home buyers aren't the problem. Corporations buying up property to keep it off the market in order to control prices, air-bnb investments, house flippers ...
 
2021-09-15 12:09:55 PM  
Which means jack shiat.

Ain't no way you're buying a house in Seattle.
 
2021-09-15 3:03:15 PM  

Daer21: My house sold back in May and resulted in an actual street fight between two realtors, so I'm getting a kick. Only 100k over ask though.


If nobody won, round 2 should involve toasters vs. waffle irons.
 
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