Thurston County Continues Upward
Nothing shocking going on here, just more confirmation of local neighborhoods still on the rise. Specifically, this story is about Thurston County.
South Sound's booming housing market and recovering economy are contributing to record gains in Thurston County property values.Those lucky tax payers!
For the second year in a row, Thurston County set a record for gains in residential property tax assessments.
This year's overall 12 percent gain beat last year's 8 percent gain, which was a record dating back to at least 1999, according to Dennis Pulsipher, the county's chief deputy assessor. Such gains are reflected in 108,000 assessment notices scheduled to be mailed Wednesday to property tax payers.
(Jim Szymanski, The Olympian, 10.18.2005)
3 comments:
Tim, bad news. No posters, no bubble. Time to close the shop.
Tim, bad news. No posters, no bubble. Time to close the shop.
Well, really...have the investors ignored the Puget Sound area? I think not. My research indicates speculation-based pricing in Portland, Vancouver, and Seattle. People shouldn't bank on their paper gains too quickly. They need to do more research before smugly concluding nothing is possibly unstable with home vlaues.
And just because this blog doesn't have a huge following doesn't nullify what's happened in housing. Perhaps Tim is ahead of the curve on popular opinion, good for him!
Now that's gall.
Just the tip of the iceberg, in terms of what investors try to do. Someone near me bought a place last year for $885K, up for sale in August for $1.07M, since reduced to $1.05M. No improvements; a flipper got scared and decided to sell--fast.
Post a Comment