Bainbridge Island

[TJ_98370]

tsgrayson-
.
I forgot to add that Eleua of served in the active military. Maybe he has a little more credibility for you.

[tsgrayson]

Thanks for the websites...the only way I am going to buy now is with a very good deal...

[sniglet]

[tsgrayson]

Wow 50%...have they even started dropping yet? Does that mean in the next year or so we can expect to see the median price drop to 300K something on the island?

[SeattleMoose]

tsgrayson

I am not going to pull any punchs....don't buy now.

The Seattle area was "late to the party" and as such the Seattle "roller coaster" is just at the top of a long ride down (nosing over and gaining momentum). I think Sniglet's estimate of up to 50% off peak is VERY reasonable given the huge runups we saw.

We moved to Seattle from Texas in late 2005 when things were still going up and started wondering what the bleep was going on because I make a nice 6 figure income and could barely afford a shack in "da hood". But this blog and others saved me from making the biggest financial mistake of my life.

Now we rent...biding my time and REALLY glad that I did not buy into the mania.

Best of luck to you and your family......

[sniglet]

[tsgrayson]

So you think there will be 3-4 years of decline?

[cheapseats]

TS,

I am in a similar situation as you, except I have been looking here for about a year, I don't know if it will be 1 year or 5 until recovery, but personally I think that I will have a better idea at the end of 2009. I am comfortable that the risk of the market jumping up in that timeframe is low...

[tsgrayson]

Where can you find rental lists for Bainbridge?

[perfectfire]

[sniglet]

[tsgrayson]

I just wanted to say thank you for all the insight and help!

While not specifically looking for a home (we were looking for a place to rent), we found a great deal on the island at around $124/ sq foot. Not bank-owned...no issues!