SPDR S&P 500 (SPY)

[learningboutinv]

RE here in Seattle is just plain nuts. I think it's one of the few cities in the US that is not having housing issues. My wife and I have been looking around. We decided on an apartment downtown for now. It's just too expensive to buy a house and it hasn't dropped in price. I talked to all the locals and they say prices are still going up although not 25-30% a year like the past few years but it's still 5% this year and the local real estate folks we've talked to thinks it's going to rebound by next year. Seattle apparently is expecting another 1/2 million to a million transplants in 3-5 years. Have you heard much about the RE here? May be the agents here are blowing smoke up my butt so they can land a sale by making me think it's not going to go down at all around here.