Um . . . it's called capitalism? supply and demand? There's a recession?
N.B.: capitalism, a system in which first hipsters express envy at developers, as if their profits are unearned, and anyone can do it! Then in downtourns they express mocking joy, taking delight in the arrogance of the rich and those catering to them.
In the boom years, the payoff is feeling that although a developer is rich, they're not like us, because they're greedy assholes. And in the down years the payoff is they are like us ! Ha, ha they got their comeuppance, they're not better than us.
In all year's what's important is to not invest or risk your money yourself, because then you can't sit in the stadium chairs mocking those in the arena.
@1, don't be a tit. People with real money at stake are having a field day poking fun at idiots like the geniuses behind these late projects. See Beacon Capital's foolish portfolio, playing out at Columbia Cente,r for instance. The serious money's been expecting that punch line for years now.
I came to Seattle over 11 years ago for more down to earth living and something within that balance. I would like a condo, but these new ones are just not appealing and seem faux-luxurious to me. Seattle has great taste and class, but does it need a large amount of the painted extravagance of these condos? I can see a few of these buildings existing and they should. However, for my money I need it simple, tasteful with less pastiche. Regarding the design - where has all the beauty gone? The breathtaking beauty. Is that even a practical question in this day and age?
For a tiny studio, that's still pricey. I've seen more modest studios selling for half that amount in this economy. And few people can live in such a tiny apartment for long. Any buyer should count on not living there for more than a few years. Unless the real estate market is booming, a short-term condo purchase is a really bad investment.
N.B.: capitalism, a system in which first hipsters express envy at developers, as if their profits are unearned, and anyone can do it! Then in downtourns they express mocking joy, taking delight in the arrogance of the rich and those catering to them.
In the boom years, the payoff is feeling that although a developer is rich, they're not like us, because they're greedy assholes. And in the down years the payoff is they are like us ! Ha, ha they got their comeuppance, they're not better than us.
In all year's what's important is to not invest or risk your money yourself, because then you can't sit in the stadium chairs mocking those in the arena.
It's a lot better here than it is there.
For a tiny studio, that's still pricey. I've seen more modest studios selling for half that amount in this economy. And few people can live in such a tiny apartment for long. Any buyer should count on not living there for more than a few years. Unless the real estate market is booming, a short-term condo purchase is a really bad investment.
#6 ditto on 1521 2nd Avenue. I might have a tainted opinion of this building because it blocks the view from my office.