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| Kevin - congratulations! You have been in your condo for six years as of June 30! Just closed on a unit in the other stack for less than you paid. Crazy market! Did the building next door take away your view? Hope all is well. Congrats! Roger. |
In 2014, I celebrated six years in my condominium in the
Belltown neighborhood of Seattle. I
purchased my condo in June 2008 for $327,000, not long after the US entered a severe recession
due
to the bursting of the housing bubble in mid-2007. At the time, I thought it was an ideal time
to buy since housing prices had already started plummeting and the US government
offered a first time home buyer credit, which would make the purchase price more affordable. Although housing prices had started to decline, I knew that historically inflation adjusted housing prices had climbed steadily since at least 1970 and housing seemed like a safe investment. I also figured that rents were only slightly less than a monthly mortgage payment, so I would be better off buying.
