Buy Property in Seattle

[Mike Toole]

Hello All,

I'm planning to buy a property (most likely a townhouse) in Seattle area but the house price has been discouraging for me. The market has cooled down quite a bit due to the interest rate and big tech layoffs, but it still makes me wonder if it's still a good idea to invest a property here in Seattle, or save the down payment to buy a property somewhere else.

I currently own a SFH in eastern WA and it's been generating amazing cash flow for me. Right now I'm living in my cousin's place in Seattle and able to save up for my down payment by next year.

My thought is buying a property in Seattle next year, and refinance whenever the interest rate drops. But my question is:

1. Generally speaking, is investing RE in the Seattle area a bad idea given how saturated the market is?

I could possibly have used the down payment that I have saved and buy a cheaper property somewhere else, but then it definitely will require more effort to remotely manage the property.

Any opinions would be much appreciated.