wrog: (Default)
wrog ([personal profile] wrog) wrote in [personal profile] solarbird 2003-01-17 05:08 pm (UTC)

Re: Oh, and financially...

Actually, I think now is a really, really good time to be selling real estate, or at least, selling the spare real estate that you don't actually need for living in. The whole mortgage finance industry is apparently going to be the next bubble to pop. Yes, I know real-estate markets are very regional, but once the shit hits the fan and the easy credit evaporates, that's going to drop a nice 16-ton weight on housing prices everywhere. But I also suspect that the Seattle area is going to be particularly vulnerable because of its dependence on the moribund tech industry (the various non-Microsoft companies that aren't really doing that well), the departure of Boeing, and just the simple fact that housing here has just been going straight up without a let-up since the 70s...

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