Seattle is weird in that drive til you qualify is not a thing unless you start getting really far out. Some inner ring neighborhoods and suburbs are comparable or more expensive than the core.
If you want to head straight south or straight north you won’t have to go further out than 1 hour before rents and property values fall significantly from city center Seattle. Tacoma is 30 minutes away without traffic and has a median home price 40% less than Seattle. Drive till you qualify is real.
If you want to head east, you’re running into the real estate aftermath of Microsoft making tens of thousands of millionaires in the 90s and 00s. You won’t save much money there.
You make a tradeoff. You are still going to plop down $1 million for a home unless you live way out there, but instead of a 2000 foot SFH in Bothell or Lynwood, you make do with a 1250 foot townhome in Ballard (same price, less property taxes, more urban). Ballard isn't exactly Capitol Hill or Queen Anne either (we thought about Magnolia just across the locks, but it made me think that I would at least need an electric cargo bike to make most days work without a car).
Totally agree. I'm renting on the eastside at the moment, but places like Ballard and Magnolia are on my list of places to look to buy for the very reasons you mentioned. Having more space in these exurbs is "nice", but you pay the time tax every time you want to do something.
I remember coming here mid-pandemic and having white picket fences in my eyes as the company pointed me to a real estate agent. Thank god I didn't pull the trigger and buy because I would've been financially trapped (upside down) in some very unsafe urban area (e.g. south Seattle) or far-flung place (like Sultan).
bobthepanda|9 months ago
bitmasher9|9 months ago
If you want to head east, you’re running into the real estate aftermath of Microsoft making tens of thousands of millionaires in the 90s and 00s. You won’t save much money there.
seanmcdirmid|9 months ago
scuol|9 months ago
I remember coming here mid-pandemic and having white picket fences in my eyes as the company pointed me to a real estate agent. Thank god I didn't pull the trigger and buy because I would've been financially trapped (upside down) in some very unsafe urban area (e.g. south Seattle) or far-flung place (like Sultan).