A List Seattle doesn’t want to be on…
Posted on July 30th, 2008 by Al Lorenz
Is the “Ten Most Overpriced Zip Codes in America.” But, at position number three for Seattle’s downtown it could signal that the market correction in such areas could be far from over. Until Seattle’s woes end, our market will continue to be unsettled.
The study was done comparing how much more it cost to own a home than to rent it. The areas that made the list typically cost 25 times more to own a home than to rent! While home ownership has its benefits, I can’t imagine that paying 25 times as much makes any sense!
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