Buy dirt – they aren’t making any more of it.
Seriously, does anyone think buying real estate – commercial/industrial especially in the Puget Sound area is a bad idea? Please let me know why. I just don’t see it. We are expected to welcome an additional 1.7 million people to this area in the next 30 years. THE best article I have ever read about Seattle appears in September issue of the Smithsonian Magazine. Truly, you will understand the appeal of this corner of the world after reading it.
There is going to have to be some imaginative financing/seller financing/trades going on for awhile – but it really will be good to get back to old fashioned basics. There are tremendous values now – instead of “pie in the sky” value – real honest to goodness value here in the Pacific Northwest.
This whole mess with the financial institutions vaporizing and the trickle-down affect it will have, reminds me of a scene from Dr. Zhivago when Geraldine Chaplin’s character thought of her life of affluence and now how a dozen families were living in their former home she said: “It is much more fair”.
Get ready for a lot of “fair”.
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