Location, Location, Location
Apr. 16th, 2007 11:10 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
In Seattle, $300,000 will now buy you:
(a) A 450 sq. ft. 1bd condo courtyard bungalow on First Hill
(b) A 840 sq. ft. 2bd Craftsman in the Rainier Valley
(c) A 900(?) sq. ft. 3bd townhouse in Lake City
(d) None of the above
Yah-huh, that would be (d).
No, in Seattle $300,000 appears to buy (maybe) either a fixer next to the freeway or a fixer directly under the flight path of Sea-Tac international. Or possibly a fixer with a view of Boeing field, but that one seemed a lot like the contractors were falling all over each other to see who could put a total of 3 new townhouses on the "oversize" lot.
In Everett, the same $300,000 will buy you 1500 sq. ft. of turn of the century Builder's Cottage in a cool, mostly well-maintained old neighborhood, with a view of the Sound.
So I'm now pondering whether I could endure a 30 mile commute and the death of social life as I know it. It's probably that or going condo, which I would mind less if the condo options looked better.
In other news, we saw a pair of bald eagles on Saturday, the mature bird trailed by a full-grown juvenile. Same day also spotted a nesting flicker, and a nesting osprey. Also a pair of nesting Canada geese harrassing a pedestrian. And the turtles have started coming out on Lake Washington.
Also, I am developing a deep and abiding hatred of vinyl siding.
(a) A 450 sq. ft. 1bd condo courtyard bungalow on First Hill
(b) A 840 sq. ft. 2bd Craftsman in the Rainier Valley
(c) A 900(?) sq. ft. 3bd townhouse in Lake City
(d) None of the above
Yah-huh, that would be (d).
No, in Seattle $300,000 appears to buy (maybe) either a fixer next to the freeway or a fixer directly under the flight path of Sea-Tac international. Or possibly a fixer with a view of Boeing field, but that one seemed a lot like the contractors were falling all over each other to see who could put a total of 3 new townhouses on the "oversize" lot.
In Everett, the same $300,000 will buy you 1500 sq. ft. of turn of the century Builder's Cottage in a cool, mostly well-maintained old neighborhood, with a view of the Sound.
So I'm now pondering whether I could endure a 30 mile commute and the death of social life as I know it. It's probably that or going condo, which I would mind less if the condo options looked better.
In other news, we saw a pair of bald eagles on Saturday, the mature bird trailed by a full-grown juvenile. Same day also spotted a nesting flicker, and a nesting osprey. Also a pair of nesting Canada geese harrassing a pedestrian. And the turtles have started coming out on Lake Washington.
Also, I am developing a deep and abiding hatred of vinyl siding.
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Date: 2007-04-16 07:17 pm (UTC)http://www.rightmove.co.uk/viewdetails-13510702.rsp
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Date: 2007-04-16 07:36 pm (UTC)Yes, I do understand it could be so much worse. My friends in the Bay Area are no doubt chuckling merrily over my picayune dilemma, ditto those in or near Manhattan." Or even Los Angeles. People commute for insane distances in all those places. Literal hundreds of miles in some cases.
But the fact remains that this is not London, or Manhattan, nor LA, nor San Francisco, and it still seems wrong to have to move into the next county to buy a house you actually want. And metro Puget Sound is still wrestling with its public transit growing pangs in ways that make "long" commutes less viable here than they might be in other places.
More than anything, though, it's that the local folks tend to think that a 30 minute drive is Very Far, and so if we were to move to Everett it would be even dodgier to expect to see our friends much.
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Date: 2007-04-16 07:27 pm (UTC)Yeah, people make fun of Pittsburgh. But we like it. When we spent $272,000 on a new house a year ago, we got:
3200 sq. ft. plus finished basement and two car garage
4 bedrooms (plus second floor loft)
finished basement (game room with kitchenette and another spare room)
big kitchen with island
5.5 baths
2 car garage
1/3rd of an acre of land, relatively private back yard
about 1/2 hour outside of Pittsburgh (at any time other than rush hour)
We've put about $13,000 into the house, mostly for a deck, but also for a ceiling fan in the master bedroom, getting some rooms repainted, a refrigerator for the downstairs kitchen and two storm doors.
http://www.dpsinfo.com/newhouse/ New House
http://216.92.255.170/blog/2007/04/deck-is-done-41007.html
New Deck
So much as we love to visit Boston, New York, Seattle and London, we like having a house that we can afford. We expect to have the house paid off in less than ten years, just about the time we hope Jim will be able to retire.
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Date: 2007-04-16 07:48 pm (UTC)no subject
Date: 2007-04-16 08:00 pm (UTC)I work contracts and free lance. I don't mind some amount of commuting, but am working to avoid it. I have a job interview in a few days where I'd have one ugly commute about one day a week and can work from home the rest of the time.
We lived for 13 years in a small house in a close-in suburb on a busy street. We couldn't take it anymore and just needed the space and the quiet.
The main thing Jim misses is walking for Yuppie-coffee---we do have to join the car culture to go anywhere.
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Date: 2007-04-16 11:12 pm (UTC)no subject
Date: 2007-04-17 12:32 am (UTC)no subject
Date: 2007-04-17 12:46 am (UTC)The last time we got more than a foot of snow from one storm was in January of 1994.
In the summer, it rarely gets above 90, either. Southwestern Pennsylvania is very temperate. My relatives in Massachusetts had a day or two over 100 last summer.
One thing I don't like about this house - I don't like houses/condos with cathedral ceilings. The master bedroom has one and it's the coldest room in the house. We got a space heater, but I think we're going to invest in an additional wall heater with a thermostat for that room.
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Date: 2007-04-17 12:42 am (UTC)I sighed.
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Date: 2007-04-17 12:48 am (UTC)Of course, there are some million dollar plus homes in those areas too, but they are quite rare compared to other places in the northeast.
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Date: 2007-04-16 08:05 pm (UTC)Real estate in Seattle is definitely a nightmare for new buyers. As someone who got in before prices really went through the roof, I of course have benefited from this. It will be interesting to see if building a bunch of condo towers downtown does anything to house prices. Also, I've heard that the bubble implosion hasn't really hit Seattle yet, so it could be that in six months things will look a little different. But maybe not enough different.
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Date: 2007-04-16 08:41 pm (UTC)That particular house is already 'subject-to-inspection' -- meaning that it's got an offer on it and is probably already in escrow, but it does give an idea of what sort of thing one can find in North Everett. The whole neighborhood is full of similar, older houses.
I'm not sure there really is a significant bubble in Seattle. My boss's husband is a realtor, and he doesn't seem to think there's any sign of a slow down. Maybe all that condo stock will help, but right now Seattle is a significant seller's market, so it's going to take a large influx of housing to get in parity with demand, unless the local job market just tanks.
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Date: 2007-04-16 09:29 pm (UTC)no subject
Date: 2007-04-16 11:10 pm (UTC)no subject
Date: 2007-04-16 11:15 pm (UTC)Times
Date: 2007-04-16 09:48 pm (UTC)I was doing some comparative distances today. Right now, it's 17 driving miles from our place to my job at the 3-way intersection Western/Denny/Queen Anne. One place we were looking at in Everett is 30 miles from here. A few of the places we've been mulling over in West Seattle or South Seattle/Columbia City/Rainier Beach are on the order of 9 miles.
But I scroll down and see Ulrika has already noted similar findings.
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Date: 2007-04-17 12:34 am (UTC)no subject
Date: 2007-04-16 08:39 pm (UTC)Are you sure that owning is something that makes sense for you and Hal? Owning isn't always the answer.
As for vinyl siding and old construction....our house was built in 1880. Someone along the way put up vinyl siding. I've had to get used to it.... We do have a picture from about 1920 and the house used to have these adorable shutters. That's on the to do list, put them back on.
I too have an aversion to cookie cutter homes. On the other hand, maybe something like that could be a "starter" home for you guys and in five years you could have enough equity to sell and buy something bigger or in an area you like.
ALSO, if you've never bought a home or haven't owned in the past three years you qualify for a first time home owners loan. Check into it. It worked for us brilliantly.
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Date: 2007-04-16 09:51 pm (UTC)By contrast, I grew up about another ten miles further west of that area. If my parents took us to Boston once a year, it was a lot...
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Date: 2007-04-16 11:08 pm (UTC)In the cookie cutter mode, we will probably continue to keep an eye on townhouses, because that's where the price break and location will likely be advantageous. The single family new construction is all either too far out, too expensive, or both. I mean, I would *love*love*love* to be able to buy into a Cottage Company development, but their current stock *starts* in the low 700s. And if I wanted to live out in North Bend or Renton, I'd rather buy something older, anyway.
Yep, already onto that first time homebuyer's loan. It'll certainly be among the options we consider when-and-if.
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Date: 2007-04-17 11:38 am (UTC)no subject
Date: 2007-04-17 08:00 pm (UTC)Perhaps I should play the Lotto.
In the meantime, you may be amused to know that we're probably going to give at least a semi-serious look at some stuff down in Kent. We were certainly thinking of you when we were tooling around Tukwila.
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Date: 2007-04-17 11:12 pm (UTC)You're looking down in Kent? Wow. That seems like a suck ass commute for both of you or has public transportation improved since I left?
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Date: 2007-04-18 12:24 am (UTC)no subject
Date: 2007-04-18 01:24 am (UTC)no subject
Date: 2007-04-18 05:03 pm (UTC)And as Hal points out, once the light rail comes through to Tukwila, there will be another fairly close commuter transit option. So, I dunno, but it all looks pretty promising to me.
Oh, and on our way home we decided to have dinner at The Keg. It's gotten more upscale than I remember -- I don't remember them doing a tempura pea pods and asparagus appetizer before -- but the food and the service were all pretty excellent, if pricy. You may, or may not, recall that the last time Hal & I were at the Keg was with you and a bunch of your FAA pals, in years of yore.
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Date: 2007-04-18 05:08 pm (UTC)no subject
Date: 2007-04-17 07:08 pm (UTC)no subject
Date: 2007-04-17 07:09 pm (UTC)no subject
Date: 2007-04-17 07:57 pm (UTC)