A 20% down payment on the standard Seattle home, which costs $800,000, will run you $160,000. Even with that down payment, you can expect to pay ~$3,400 on a 30-year mortgage. I must now remind people that I bought a home in the Central District for $70,000 in the not-too-distant year of 1998. (A 20-year adjustment to standard inflation places its value at around $120,000.) My down payment was $5,000. My mortgage, $600. I made.
MY EDMONDS NEWS Posted: August 3, 2021
Editor:
It is rare for me to write a letter to the editor expressing my concerns about what a local government is doing. However, there are some recent examples of the City of Edmonds not practicing what they talk that are of such concern that I felt obligated to make this a statement rather than a simple comment to what has been in the news.
In January 2021, the City of Edmonds Diversity Commission published an Equity Toolkit that was based in part on a study and report published by the Commission. Results from this study and report were published by MyEdmondsNews. One of the major recommendations of this report was that everything the city should do is to view everything through what is referred to as an “equity lens.” The purpose of applying an equity lens is to be “deliberately inclusive as an organization makes decisions.” The City of Renton (a minority majority community) provides further details as to why using an equity l