Rumor has it that housing prices are falling, or at least stabilizing. Not so in Kirkland, WA. In the Kirkland Bubble (not all of Kirkland -- just west of 405, North of 520 and South of 116th) housing prices only go up, up, up. There are many reasons -- Kirkland (not Totem Lake, not Bridle Trails, not Juanita) a nice little town and many people want to live there. All the Microsofties pour over the hill and buy everything in sight. And everyone wants to buy here because the prices only go up and up and up. The Bubble distorts reality, and looking for real estate inside the bubble can cause suicidal ideation. But then, so does looking for real estate outside the bubble. The bubble is also metastisizing, creeping ever northward along the lake, so more and more neighborhoods North of the current bubble are being eaten by the bubble. Life inside the bubble is special and magical and also insidious and evil and soul-sucking.
That 900 square foot 1940 rambler with no roof West of Market just sold for 850K. Fuck the Kirkland Bubble, I am never going to be able to buy a house here. I am such a loser.