Last week I had the opportunity to reflect on one of the most interesting financial cycles. In Seattle there is a neighborhood called Leshi. It was developed in around 1900 by the very wealthy of the city. The huge Victorian homes have been standing for more than 100 years. They are three and even four stories high with all the scrolled detailing both inside and out that marked the era. Clearly the homes of the wealthy.
The city continued to grow and sprawl for miles while the rhododendrons and roses continued to grow and bloom in Leshi. Families moved in and families moved out and blocks away gunfire often sounded striking down the lives of those who lived there.
Then a turning point came and the old grand houses became noticed again. The proximity to the city business was just a short drive or bus ride away. The homes began to be purchased and restored and renovated to their original grandeur.
I had the opportunity to stay at one and I could not help but run my hands down the original 5 panel doors with their crystal doorknobs and walk across the original hardwood floors. Beautiful!