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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Asset who wrote (2270)	5/29/2014 12:38:58 AM
From: tejek	Read Replies (1) \| Respond to of 2722

Seattle's One-Percenter Real Estate Market Is Booming Wednesday, May 28, 2014, by Sean Keeley For 99% of us, 2014 home sales are lower so far than they were in 2013. For the other 1%, however, things are looking up. Via Redfin, sales of the priciest 1% of homes are up 21.1% so far this year, following a gain of 35.7% in 2013. Here in Seattle the difference is even more stark. Sales of local luxury properties are up 67.7% while sales are down 4.2% for the rest of us so far this year. So what kind of houses are we talking about? We're talking about Seattle-area homes that cost $1.65M or higher. According to Redfin, the three neighborhoods where these kind of homes are selling the most are Harrison/Denny Blaine, Downtown Bellevue and Laurelhurst. If you want to be able to afford a "one-percenter" house, such as this Laurelhurst 4-BR asking $1.75M, you better ask for a raise. It'll require a salary of roughly $282K/year.

To: Smart_Asset who wrote (2270)	6/10/2014 2:22:19 PM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

...my contention that the tech industry is driving our real estate market. A google search for signing bonus will return many reports of large signing bonus' in both Seattle and San Francisco and I would contend that a major dip in the stock prices of Google, Amazon, Microsoft and a few others would have a major negative impact on the real estate market in both cities. Wondering if this is a bigger driver than high end money fleeing high cost cities in China as well as Vancouver and San Francisco?