Originally Posted by
NewGuy01
I was sincerely hoping E.J. would have answered that question. The Seattle area has an insane increase in value, even since I bought my home 2.5 years ago. Just looking at market fundamentals anyone working the last two years is making 22% less today than 2 years ago.
It’s no wonder that contract negotiations will be dragged out as long as possible. We are working for a huge discount.
I don’t feel like it’s fair to point at real estate gains in the PNW and suggest a second income from real estate, if you got your start 20 years ago. It’s actually going to be extremely difficult for any pilot hired this year to gain enough traction to even buy a home in any of our bases for the foreseeable future. Assuming they do not have a down payment already available. Not to mention income property.
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Sorry. Been busy and as a general rule, I couldn't care less what is going on over on this site. As a Sincere question, my sincere answer to you...at least as far as real estate is concerned, why do you need to invest in Seattle? I agree, It's too steep to get started. Loads of investors all over the country are looking at secondary or tertiary markets like Witchita, Oklahoma City, etc. The West coast is too expensive. You travel for free. There's affordable places all over the country to start a real estate portfolio...none of them are Alaska Airlines pilot bases. Oh, and BTW, just for context or maybe inspiration, there's an FO at this airline that owns over 400 properties in Wisconsin. He blows me out of the water...