06-09-2008, 12:53 AM
A friend is a boat broker. His business is doing fine too. Those that had money still have it.
The problem is that there is a huge divide happening. There was a lower, middle and upper middle class, but the middle is gone these days, and the lower middle, and upper middle is narrowing.
House values in Seattle aren't declining, but financing for beginning home owners is damn hard, if not impossible to find. But the houses are still selling eventually. I do see a number of houses in my neighborhood that sold a 1-3 years ago up for sale again, and I doubt they are moving up.......
The problem is that there is a huge divide happening. There was a lower, middle and upper middle class, but the middle is gone these days, and the lower middle, and upper middle is narrowing.
House values in Seattle aren't declining, but financing for beginning home owners is damn hard, if not impossible to find. But the houses are still selling eventually. I do see a number of houses in my neighborhood that sold a 1-3 years ago up for sale again, and I doubt they are moving up.......