Seattle has a very "hot" real estate market right now. In fact, one of the current trends is buying older homes, tearing them down and building new larger homes. For some this is a good thing. New inventory and expensive houses that are current and up to date. For many however this is a problem. The older homes are usually more affordable and in a city where the prices are increasing monthly this is a huge concern. Where are all the smaller starter homes going? It's been reported that developers are tearing down a house a day. What are the people with new jobs and young families going to do if they want to live in a house but not move to the suburbs. City living is getting to be an unattainable goal for these people. Many are left with few choices and have to more farther away from jobs so the commute is longer. I certainly have mixed feelings and always try to help my clients find the best possible value for the money they can spend. There is no easy solution.
And then developers are doing this.. would you want this home built in front of you?
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