Is it a super market ?

Resolved: spend more time here.

I sometimes feel one more voice in the din of cynicism and SO many "experts" is of limited value. Perhaps all of the nonsense being promulgated requires balancing.

From here it appears:

King County is a potpourri of thousands of micro-markets. Other than buyers' overall sense of the economy's health, Mercer Island, Burien and Capitol Hill seem to have have very little in common when it comes to making any useful generalizations about what the heck is going on with their respective markets. Similarly the under $200,000 fixer market in Des Moines (which actually does exist with some pretty great properties now and then) is wholly separate from the 1950's Normandy Park suburban castle though they are a very short distance apart. In other words, though they are a comfort to weaker minds like mine, generalities are generally false---including that one.

So here's a generality or two:

The market for lower end properties (and real views under $600,000 or so) appears to be stable and may very well have hit bottom. Purchased properly, I cannot imagine either being a poor investment right now.
Is there an uneasiness in the air? A couple of years from now, I predict many more people will regret not taking advantage of the combination of low prices, low rates and tax credits available now than will regret having made a move. It seems a general truth of human behavior that we are far more motivated by potential loss than possible gain.

More soon.

Date: Thursday, August, 6th 2009 @ 11:54:29 AM
Views: 164

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