it's clear to me...

Hello.

I’m Ben McInnis.

I live in downtown Seattle.

I work at Microsoft.

I love the Internet.

I love economics.

I love art.

You can reach me at [first name] dot [last name] at gmail.com.

Also, the opinions expressed here are my own and don't reflect the views of my employer.
April 20
Gentrification at a small scale is just blind speculation. For example, this amazing Pb Elemental designed house, recently built in Seattle’s Central District, was initially listed for over $600,000. However, the Central District is “upcoming” at best. So, any potential point of comparison, although clearly apples-to-oranges, would suggest that, given it’s size and location, it should cost about $60,000. In fact, Zillow suggests that exactly. Clearly the $60,000 figure is automatically generated and anyone could see that this house was worth more than the houses next door, but obviously, at some point, the $600,000 figure came out of the air. So the issue is, as ever, one of location. Do you think any house is worth $600,000 if it comes with sweeping views of public housing and boarded up abandoned businesses?

Gentrification at a small scale is just blind speculation.

For example, this amazing Pb Elemental designed house, recently built in Seattle’s Central District, was initially listed for over $600,000. However, the Central District is “upcoming” at best. So, any potential point of comparison, although clearly apples-to-oranges, would suggest that, given it’s size and location, it should cost about $60,000. In fact, Zillow suggests that exactly.

Clearly the $60,000 figure is automatically generated and anyone could see that this house was worth more than the houses next door, but obviously, at some point, the $600,000 figure came out of the air.

So the issue is, as ever, one of location. Do you think any house is worth $600,000 if it comes with sweeping views of public housing and boarded up abandoned businesses?