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Seattle Home Prices On The Rise

Seattle Home Prices Going Up
There has been lots of news recently about home values increasing.  I know some have increased in my area.  The Seattle Times is reporting this as well.  According to the S&P/Case-Shiller 20-city home-price index, Seattle jumped 1.9% in July.  Of course very few mention that the market is down 18% from 2007.  I guess by not mentioning that it builds customer confidence.  Also according to S&P/Case-Shiller 20-city home-price index, there were only 3 large metro cities that made gains.  These were Seattle, Tampa Florida, and Washington DC.

If you read the Emerald City Journal, you probably know I’m not a fan of buying a home.  I just don’t understand how someone could pay $250K for a home and another $350K in just interests and think they are going to make a profit on that.  Add in the property taxes and it’s just ridiculous the amount you pay in the end.  The “American Dream” is alive and well I guess.  I’m happy people are still falling for this because these are suckers paying for all the roads, schools, and city expenses.  America needs you to believe.

 

Having lived in the Pacific Northwest his entire life, Jeff understands and delivers a different perspective about politics. Even though many may disagree with his language and writing style, you can't debate his passion for the Seattle area and his committment to a better society.

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