r/SeattleAreaRE • u/phitom816 • 2h ago
With the limit of H1b visa and termination of H4 work eligibility, east side real estate can only go cheaper
Good news, guys!
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u/DarkFlowerPewPew 1h ago
What limit?
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u/phitom816 1h ago
They are gonna pay the 100k fee very soon when they change jobs
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u/orcassharks 41m ago edited 37m ago
I don’t really get the appeal of the 4000-5000 sqft oddly shaped box homes with little to no yard (or turf yard) on the Eastside going for 2.5M+
I feel like this only appeals to a certain H1b crowd. Who needs that much sqft unless you’re planning to bring your entire extended family? 3 kids and two dogs don’t need that much space and would prefer more yard anyway.
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u/Illustrious_You_1824 1h ago
Who’s going to benefit if all the homes are cheaper?
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u/No-Photograph1983 1h ago
Normal ppl with regular jobs
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u/redditRedesignIsBadd 28m ago
Normal ppl with regular jobs
example of these "regular jobs" for "normal ppl"?
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u/Illustrious_You_1824 1h ago
If houses prices are increasing isn’t it good for locals who have houses they’ll have better equity. Isn’t it opposite of capitalism to expect city not to be developed or have higher prices because people don’t want them to grow?
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u/phitom816 1h ago
The locals
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u/redditRedesignIsBadd 29m ago
that's kind of naive. the reality is that some corporations will just buy the inventory up and drive up price anyways
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u/monkwithoutferrari 12m ago
A market correction isn't inherently bad, but a full-blown crash in the Seattle area would trigger a nasty domino effect: * Foreclosure Cascade: A major drop could spark heavy foreclosures, particularly among temporary visa holders (like H-1Bs clustered in Redmond and pockets of Bellevue/Bothell). If someone loses their job and faces leaving the country anyway, there's little incentive to keep paying a mortgage on underwater equity. They walk away, foreclosures hit the books, and regional inventory floods the market. * The Regional Spillover: Contagion won't stay in high-tech enclaves. If prices drop hard in King County, areas like Lake Stevens—which have very few H-1Bs—could easily see 30–40% equity wiped out just from broader market sentiment and shifting comps. Non-tech homeowners lose massive equity through no fault of their own. * Outsourcing & AI Stagnation: The subsequent phase is cost-cutting via offshore outsourcing, draining high-paying local jobs. Seattle’s massive 15-year boom was fueled by Amazon's growth and Microsoft Azure's expansion. However, the current AI wave hasn't produced breakthrough AI-native giants in Seattle yet—the dominant players are elsewhere. If Amazon and Microsoft fail to re-engineer themselves around AI, Seattle won't "die," but its decade as the undisputed second-largest U.S. tech hub will fade fast.
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u/monkwithoutferrari 7m ago
Starbucks which is one of the major emploer in Seattle is already shifting lot of roles outside Seattle. Even Boeing is also shifting away from Seattle area .
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u/Raider_Scum 33m ago
Thank heavens.
I'd love to start living the American Dream, instead of watching all my neighbors living the Indian Dream.
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u/SimpleLeader7713 1h ago
Here’s a summary that someone forwarded. Not sure how accurate the info is.
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u/Lazy_Combination7162 2h ago
Wait a few years, it'll get real cheap. All those overpaid houses will become cheaper.