Only Suckers Pay?

By Anthony B. Robinson

Two stories appeared in The Seattle Times this week, both disquieting on their own, but somehow I found my disquiet was amplified by their juxtaposition.

One was a story about a new condo development at the Ballard Locks, which is near us. We live in a condo ourselves, but these are a whole different kind of condo. These are condos for stuff. The stuff — vintage classic cars, high-end wine collections, and yachts of the wealthy. The “toys” of the super-rich.

As Alexis Weisand reports, “In a city infamous for its high housing costs, Seattle’s ultra-wealthy will soon be able to buy ‘condos’ for their luxury cars and yachts.

“Nearly nine acres of a former industrial fuel terminal on Salmon Bay waterfront near the Hiram M. Chittenden Locks in Ballard will undergo a transformation into an extravagant car collector garage, superyacht marina and private community called Terminal One Motor + Yacht Club.”

https://www.postalley.org/2026/06/12/only-suckers-pay/

There goes the neighborhood.
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