This house in Seattle is $640,000

[jwonder]

fukk outta here. they got zombies out there off that fentanyl and shyt. lmao at your rationalization for getting ripped off.
my house is 2000 sq/ft for 190K / 3br 2 full baths, bathroom in the master bedroom, backyard and a in ground swimming pool, 2 car garage in a major city in a nice neighborhood

What major city do you speak about with that price?

 

[GnauzBookOfRhymes]

lmao what's so hard to understand? it's fukking seattle, housing is scarce and you have companies that pay high salaries. this spot is just down the street from the beach and even if it really is just going to be demoed, it's actually a decent sized lot. To give you a sense, it's more than twice the size of a standard Chicago lot and depending on what part of the city you're looking for, it's not difficult to find empty lots or homes that are teardowns for $600K and beyond. This is what living in a big city is like. It's crazy even for ppl that are here, let alone someone whose frame of reference is elsewhere. I'll defer to ppl who know that area and have said that it will most likely be torn down etc, but to be honest I could see someone putting in a hundred thousand or more as their starter home. That's how it is nowadays. Most of these young couples that do shyt like this already have money and their parents are probably helping them with the down payment etc. Or say you have a two income family and she's a lawyer and he's in tech, they could very easily be bringing in 500K in that part of the country.

 

[Neuromancer]

Where is this?

 

[Geek Nasty]

*waits for comparative McMansion in Biloxi, Mississippi that per coli wisdom any person with financial means should move to*

What that gets you in a one of the nicest KC munis.

 

[MrBillCollecta]

My son pays 3k for a one bedroom 2 blocks from the waterfront.

 

[The Coochie Assassin]

What that gets you in a one of the nicest KC munis.

Folks limit themselves to a handful of cities and KC ain’t on the list. I’d definitely live there if that’s what 600K gets you fukk the nightlife and “dimes” in other cities

 

[Professor Emeritus]

Fixed to reflect reality

More specifically rich white people. The house didn't change the neighborhood did.

Nah man, I was there last summer and it don't have much to do with White people. Practically all everyone in Seattle and Vancouver could talk about was how excess Chinese money was buying up all the property in those two cities and driving prices through the roof.

 

[ROFL_GUY]

Northwestern Cacs weirdest people in earth.. the vital d defficeny

 

[Eastside Get The Money]

Ima plug again.

Got a rap show on 9/26 at Columbia Coty theater. If you wanna come through let me know!

 

[iBrowse]

Smoke crack brehs

https://www.zillow.com/homedetails/3809-33rd-Ave-W-Seattle-WA-98199/49009403_zpid/?

Never moving to that bum ass place

 

[Gold]

My Starter home is over the twice the size with twice the lot and less than half the price.

I don think living in Seattle over Arlington TX is worth that kind of crazy premium

 

[Mr. Manhattan]

i believe thats the price for the land sir

 

[Prodyson]

No offense but I doubt the people who buy pricey homes are house poor.

Also most of the foreclosures in this country aren’t from people who live in pricey homes.

That’s an assumption based on what exactly? My assumption is based on the comparison of Salary to Cost of Living. Take into consideration that the amount of salary required to not be house poor isn’t as common on the “overpriced” homes, it’s very likely that plenty of people who have expensive houses are house poor. If you are paying $4000+ in mortgage payment, even a $200,000 combined gross salary isn’t necessarily gonna have you living comfortably if you still have to commute and have a family. Don’t let you car payments and student loan payments along with that.

Furthermore, you’re also making an assumption that house poor equals foreclosure. No, inconsistent income and lack of safety net equals foreclosure. You can be house poor but have a steady stream of income or just a enough in a savings account or a high limit credit card and never get foreclosed. People who get foreclosed on usually run into a situation that keeps them from being able to make payments, a much more common occurrence for people in lower middle class working jobs that are much less secure.

 

[BaileyPark31]

 

[Prodyson]

Starter homes further away from that place in the Seattle area are around 350-400k. The entire area is expensive for the same reasons San Fran is - the demand exceeds the supply. This is caused by well paying jobs in the area, specifically in tech, more specifically Microsoft and Amazon.

I was just in Seattle last month and the traffic was horrendous. I’m talking long lines 30 miles outside of downtown. My client out there also owns a few apartment buildings and is making a killing. They haven’t had occupancy issues in years.

That could all be true, but that doesn’t mean there isn’t a point where the demand drives prices beyond affordability resulting in the haves forcing the have-nots to either be inconvenienced by living further away or overpay for a home because they have little choice.

There’s obviously a demand, but demand doesn’t equal feasibility. And you know that’s the case when more and more lenders are advertising 100% financing... which is ludicrous to me.