The blog will focus on the South Sound, state and national housing and rental markets, as well as cool Web sites, weird real estate trends and warnings about scams.
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Open House is a forum to read about and discuss real estate issues. It is not a place to pitch your services. That means no direct solicitation, no phone numbers and no pushing readers to your Web site or place of business.
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Real estate and the housing bubble
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I’m working on a story about the $1 million condo club in downtown Tacoma. It is so far a rarefied collection, with only a handful of units for sale. Here’s what they all have in common: Big views, lots of square footage, their location in an emerging market. And the promise of urban living.
Is downtown Tacoma the kind of place where buyers will drop $1 million for a condominium? So far, a developer for 505 Broadway says deposits have been put down on two of the building’s five $1 million-plus units, with sales expected to close in the summer when construction wraps up.
If you had $1 million to spend on a home, is this where you’d put it? Here’s a sampling of what you’ll find: Elevator entrances, massive balconies, two-story windows, private wine rooms and multiple master bedrooms.
