July/August Update:
Snohomish County’s
reorganization will never end. In fact, they are subcontracting some
of the engineering reviews, which is unprecedented at Sno. Co. Will
they ever have the ultimate program done? Will it work? Considering
the number of times they’re tried and the degree of chaos reigning
now, it seems doubtful. Plus, any organization is only as good as its
people, and they’re not canning anyone. Mr. Ladiser’s tenure is thus
far uninspiring.
Edmonds has passed a new
zoning designation in its effort to stave off the threat of a
"non-compliance" determination from the state on it’s comprehensive
plan. The problem is that several areas of the city are still
designated for 12,000- and 20,000-square-foot lots. Washington’s
Growth Hearings Boards have repeatedly upheld that urban areas (cities
and surrounding) must attain minimum densities of 4 dwelling units per
acre. Edmonds’ large-lot zones clearly do not meet that criterion.
Edmonds already has passed
critical-area provisions which are sketchy at best, in order to
classify more areas as protected. This would be used to reduce the
amount of available land, thus, the amount of development achievable.
Combined, their GMA-compliance strategy could be termed the "Barely
Enough Plan", as in "barely enough" not to get sued or "barely enough"
to prevail come fighting time. They probably will get some fights.
Whether they have done barely enough for the new regulations to
survive has yet to be seen.
Regulatory updates are the
order of the day. State requirements have every jurisdiction
reexamining their comprehensive plans, shoreline plans, and
critical-area regulations. Early returns on buffers are bad for
business and property values, with buffers doubling or tripling.
Snohomish County has finished their draft of the Best Available
Science but will be arguing about it for some time. Master Builders is
taking this on directly and pointedly Buffer increases for "ditches"
could be as high as 100 feet. These increases fly in the face of urban
density and planning projections for population capacity.
Prices are astronomical and
don’t seem ready for any kind of correction in the immediate future.
Some commentators are speculating that interest rates will soon climb
to cool the inflationary jets nationwide. Let’s hope when the landing
comes, it’s a soft one. We have confirmed, paid prices of small lots
selling for $205,000 near Bothell, abutting I-405. This relates to
home prices around $600,000. It seems the madness cannot continue at
this rate
That’s all for this update,
but certainly much more is going on. Write or call for more
information.
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