Ferrari Mailing List: Re: You'll never guess what's happening in my 'hood...

[Dave Handa (dave]

Paul,
At a valuation of $663,000 that is very likely the cheapest house in
Kirkland.  Home prices are way more in the Seattle area than Portland, OR,
(which is much higher than other parts of Oregon).

The housing market is still quite robust in the Seattle area, with median
prices just approaching $500k.  

Over in Kirkland/Bellevue area you are lucky to find anything much below
$750k that is in a half way desirable neighborhood.  You don't have to like
it, it is what it is...(hell that house probably looks like a $104k house to
someone in a remote part of Eastern WA or Eastern, OR.

Dave



-----Original Message-----
From: Paul Bennett [mailto:pbennett [at] macnet.com] 
Sent: Friday, September 28, 2007 5:50 PM
To: dave [at] davehanda.com
Cc: The FerrariList
Subject: Re: [Ferrari] You'll never guess what's happening in my 'hood...

NFC 'hood
Many questions arise for me

1)  The picture on zillow from MSVirtualEarth is NOT the same as GoogleEarth
off by 4 houses to the south.  Neither show a little yellow house with a
detached 
garage.   Clearly the curb marker is 10203.  In any case, that house looks
like 
a $183k house to me.    ( could they have hit the wrong 'hood? )

2) Only in America...would you demolish a $700k house as a 'make work'
project
for Hollywood.   How does advertising income for one program foot the bill?

3) That house is now $322/sq ft, over double the comp quality values in
Oregon. 
What's going on?  Is it too late to buy gold?


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