» The State of Seattle Sports and Seattle/Eastside Real Estate

The State of Seattle Sports and Seattle/Eastside Real Estate

My brother was not really trying to rub it in, but maybe a little, when he send me a link to an article from the New York Times, not about the state of real estate in the Pacific Northwest, but about the state of professional sports. He, of course, lives in the land of the New York Yankees and the Giants.

Real estate and sports are two of the hottest topics at cocktail parties, in the news, around the office cooler, and on the internet. Both topics are acceptable for everyone to talk about, unlike politics and religion.

One of the hottest years for real estate and Seattle sports teams was in 2005. The real estate market was booming. The Seahawks went to the Superbowl and the Sonics were in the playoffs. Seattle was a shining star in both sports and real estate. We were hot! People from other parts of the country cast a jealous eye on us. Not only were we strong in real estate and having a good year in sports back then, we also had Microsoft, Starbucks, Boeing, Amazon, and Washington Mutual. Everything was positive about the Seattle area.

Fast forward to 2008 and the Sonics are gone, the Seahawks are in the tank and real estate is suffering. Starbucks is closing some stores and WaMu, well, you know about them.

Everything goes in cycles and we’re at the bottom of the cycle. Although, it may take a while to get back up, I’m betting on Seattle/Eastside real estate coming back before many other areas of the country. Our economy is stronger than most, so should bounce back more quickly. Now for our sports teams…..what’s your bet?

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http://www.EastsideEntrepreneurs.com Joe “TheHairFarmer.com” Kennedy

I’m not sure your brother can give you any biz about baseball, because the Yankees have had the highest payroll in MLB for many years and have not made the series for quite a few.

Admittedly Seattle sports are in the tank – with the possible exception of the UW basketball team. Go Dawgs!

I don’t agree that our real estate market is anywhere near the bottom – if it is, it would have been the shortest real estate cycle on record. Things are going to get interesting and there will be a lot of great opportunities for savvy people.
http://www.debrasinick.com Debra Sinick

Hi Joe,

Hard to say whether we are at the bottom of the real estate market or not. Time will tell. Usually we know when we see the bottom in the rear view mirror. Now as for sports, it’s anybody’s guess.
Ed Sinick

As the brother referred to in the blog, I must correct one error — I am in fact a Cleveland Indians fan, not a Yankees fan. Not quite in the league of the Chicago Cubs for heartache, but certainly up there. Of course, I don’t need to point out to Seattle sports fans that the Indians, while not making the playoffs, had a much better year than the Mariners (and paid much less in salaries). I will own up to being a NY Giants football fan — in case the news hasn’t made it to the Northwest, the Giants have had a good run over the last couple of years and may go back to the Super Bowl this year. But all cycles eventually turn around, so there is even hope for the beleaguered Seattle sports fans — some day.
http://www.debrasinick.com Debra Sinick

Phew,

At least you think there’s hope for Seattle!