In the last real estate bubble, the north end of Seattle -- particularly the Crown Hill, Greenwood, and Loyal Heights neighborhoods, all north of Ballard -- had abandoned projects and vacant lots left in its wake. In the current stupid cycle, we now have one last wave of frantic development, a desperate effort to build as much bugman housing as possible while the going is still good.
I won't mince words. The developers and lenders for these projects-in-progress are going to be splendidly
fucked, all of them, as the bubble pops and demand evaporates overnight for this garbage. Did you not get the memo?
Amazon stopped hiring months ago. It's over. It's all over.
There are two houses on my block going on the market in the next few weeks, one from a smart friend of mine, a long-time owner, who I'm sure gets it, and the other from the worst sort of scum real-estate flipper.
So let's take a look at some of the chipboard sawdust nightmares about to flood the stagnating RRE market on the north end of Seattle.
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| progress in Ballard |
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| 85th Street NW |
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| A large sawdust development on 15th Ave NW ... |
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| ... so shitty and shoddy it's embarrassing ... |
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| ... I see ... black mold ... in your future |
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| 15th Ave NW |
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| future tenements |
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| someone please mortgage your future for this |
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| on my weekend walk, 15th & Dravus NW |
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| almost finished, ready for a bloated market |
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| Good luck, FIRE sector jerks |
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| more at Dravus & 15th. a Starbucks closed recently near here. |
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| Hurry up and finish these so you can discount the rents |
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| future tenements |
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| big project almost up on Market Street & 15th in Ballard ... |
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| ... I think that is actual concrete used in the structure, how about that! |
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| YUGE project going in northeast of the Ballard Bridge ... |
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| ... this will be a very special disaster for the developers |
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| they have broken ground and can't turn back |
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| once there was actual productive industry here |
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| loose credit, credulous tech bubble idiots ... |
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| ... and you get this shite on 15th Ave NW |
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| for fuck's sake, read the Austrians already |
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| dead Crown Hill Hardware ... so build more housing! |
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| finished product 85th & 80th NW, ugly as hell |
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| absolutely disgraceful, what they have done to our city |
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| dead shitty Mexican restaurant 15th Ave NW -> more housing! |
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| Crown Hill, replace the brick bungalow with some chipboard shit |
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| dead Radio Shack, re-zone this for condos? |
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| Restaurants gone, new housing coming, dead Pizza Hut |
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| who will blow up the Pizza Hut? for housing |
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| dead strip club, more housing coming |
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| who will demolish this dead sushi restaurant? 85th & 15th NW |
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| bugman housing going up behind Value Village |
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| I think I saw actual plywood used in this construction |
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| new plots just dug out at 85th & 12th NW, more garbage coming |
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| there were dead vacant lots left on 85th in 2009 |
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| black mold and rot ahead in Sunset Hill ... |
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| ... the garage has better bones than the house! |
Everyone get ready for the panic and crash cycle. Seattle is so over.
