There is one major political topic that has been mysteriously absent from both major presidential campaigns during this year’s presidential election season… housing. Nick Timiraos noted this in the Wall Street Journal in early September. Here we are in late October, four debates later, and nothing has really changed. Barely a peep about housing from […]
Okay, as long as we’re talking politics this week, let’s just dive in head first. I’d like to discuss the latest federal “relief” plan that made news this week. Here’s an AP story from Monday: Obama Offers Mortgage Relief on Western Trip LAS VEGAS — President Barack Obama offered mortgage relief on Monday to hundreds […]
Barack Obama yesterday: President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must continue to “spend our way out of this recession.” Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and […]
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Just a quick comment on one aspect of Obama’s just-announced plan to “see the auto industry through these difficult times.” I’ll keep this brief since it has little to do with either real estate or the Seattle area. Here’s a portion of the president’s speech: …the IRS is today launching a campaign to alert consumers […]
Here’s a good summary of Obama’s proposed foreclosure rescue plan from our friends over at Calculated Risk. This plan rewards those homebuyers who speculated with excessive leverage. I think this is a mistake. Another problem with Part 2 is that this lowers the interest rate for borrowers far underwater, but other than the $1,000 per […]