- RT @calculatedrisk: Lawler: Foreclosure Share Way Down, But Not All-Cash Share; Suggests Investor Purchases of… http://t.co/j5kLP0UX ->
- RT @WaLawRealty: Interesing take on redevelopment of Pioneer Squre – is future really this bright? http://t.co/8xzDuGUs ->
- Interesting read: "Lawler: On the upward trend in Real House Prices" http://t.co/nVZbGuwn via @CalculatedRisk ->
- "Seattle spends $19.5 million on 574 affordable apartments" http://t.co/nZJf1RUA via @SeattlePI ->
- Underwater on his 8 rental homes, "Landlord owes Seattle $1.76M but says he's no slumlord" http://t.co/9PDUymgd via @SeattleTimes ->
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+3-1
Thank you for the piece exposing the Case-Shiller nonsense. I’ve always been skeptical of their long term charts.
http://raincityguide.com/2008/02/02/pondering-the-2008-rmbs-vintage/
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Harney piece on confusing/conflicting polling on changing the mortgage interest deduction.
http://seattletimes.com/html/homesrealestate/2019930675_harney23xml.html
Not that interesting, but he mentions that deducting real estate taxes is also on the table. I’d not been following that closely enough to notice that before, but that adds an interesting dynamic. In the past Washington has sometimes been screwed because state income taxes were deductible, but not state sales taxes. That change happened because only a few states rely primarily on sales tax, so it was easy to get through Congress.
If they limit the deduction of real estate taxes, those states with high real estate taxes will be screwed, so it sets up yet another geographic element to the issue (the other geographic element being high priced areas like California, which get most the benefit of the deduction.) Perhaps that suggests that changing the MID might not be as difficult as some think, especially after several years of low interest rates.
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What are the implications – good and bad – of an increasing share of investor-driven purchases of non-distressed properties?
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By AnonymousE @ 3:
More houses for you to rent. Decreasing pressure on rents.
Less houses for you to buy. Increasing pressure on prices.
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