re: credit bubble vs house prices

quote:

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I live in Seattle area in Kirkland. Market seems to be extremely strong here and it’s relatively a bubble due to tech

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Yes, it's an extremely difficult market. I think some areas are actually more expensive than SF now.

MSFT doing what it's done the past 5 years really feels like it's put a new, much higher floor on the Eastside. Rates moving higher has barely done anything.

How far out can you go? Issaquah is expensive, but less so than Bellevue/Kirkland/MI. Snoqualmie Ridge is sort of less expensive - but the traffic at the interstate exit is crazy.

Lots of people doing North Bend now - and the municipality has been investing in infrastructure pretty nicely.

It's hard for me to imagine it going down much, but up 60% in the past year doesn't sound right. That was awhile back.