Comments on: Seattle Condo Expo – recap http://seattlecondosandlofts.com/2007/05/seattle-condo-expo-recap Mon, 15 Mar 2010 23:47:58 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Ben_Kakimoto http://seattlecondosandlofts.com/2007/05/seattle-condo-expo-recap/comment-page-1#comment-9130 Ben_Kakimoto Tue, 22 May 2007 19:59:16 +0000 http://seattlecondosandlofts.com/2007/05/seattle-condo-expo-recap#comment-9130 Nick - That's an excellent point you bring up. Most of the new construction are catering to a small segment of society with higher than average income levels. And, it leaves out a significant number of potential homeowners from in-city living, including many of the people who work in the downtown core. One successful project, Moda, offered lower price points (smaller size units) and they nearly sold out their 250 during their first weekend of sales (note: price per square foot was about $500, on par with some of the higher-end condos). This is possibly the most realistic model for developers in order to accommodate the regular working class. Nick – That’s an excellent point you bring up. Most of the new construction are catering to a small segment of society with higher than average income levels. And, it leaves out a significant number of potential homeowners from in-city living, including many of the people who work in the downtown core.

One successful project, Moda, offered lower price points (smaller size units) and they nearly sold out their 250 during their first weekend of sales (note: price per square foot was about $500, on par with some of the higher-end condos). This is possibly the most realistic model for developers in order to accommodate the regular working class.

]]> By: Nick http://seattlecondosandlofts.com/2007/05/seattle-condo-expo-recap/comment-page-1#comment-9087 Nick Mon, 21 May 2007 23:46:00 +0000 http://seattlecondosandlofts.com/2007/05/seattle-condo-expo-recap#comment-9087 I understand the great benefits to dense city living. I am all for the idea of having 50 people above me and 10 below. My question is where do the people that make more than the limit for low income and less than comfortable wages for the 53 floor with a view? I'll tell you...No where in the city of Seattle unfortunately these monstorous skyscrapers are pushing the working poor out of the city. Too bad, I would have liked living in one of the projects going up I am sure. Anyone want to buy me one haha! I understand the great benefits to dense city living. I am all for the idea of having 50 people above me and 10 below. My question is where do the people that make more than the limit for low income and less than comfortable wages for the 53 floor with a view? I’ll tell you…No where in the city of Seattle unfortunately these monstorous skyscrapers are pushing the working poor out of the city. Too bad, I would have liked living in one of the projects going up I am sure. Anyone want to buy me one haha!

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