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Old 11-11-2009, 10:07 PM
 
44 posts, read 165,675 times
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I'm quite a few years away from wanting to buy my own home...but things already seem to be approaching "will never afford" status
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Old 11-11-2009, 10:21 PM
 
Location: WA
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What do you want? Houses are already a lot cheaper than they were in 2007.
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Old 11-11-2009, 11:10 PM
 
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The median home in the Seattle are has fallen about 22% since it's price peak of July 2007. Some people feel that factors like household income to home price ratio and rent to home price ratio indicate that prices will continue to fall, and I agree with them in that I don't think we've seen the bottom yet. But I don't think we're going to see major declines from here on, but I also don't think prices are going to rise in the next couple of years.
Also, there are places within half an hour of Seattle that are a lot less expensive than Seattle itself.
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