There was a good discussion of housing market schadenfreude (or lack thereof) over the holiday weekend in the comments to a recent post. I thought would be worth posting the highlights of the conversation, and chiming in with a few thoughts of my own. rose-colored-ghoulaid: I for one don’t want misfortune to shine on others….
Category: Opinion
Opinion, commentary, etc.
“Doom and Gloom” Counterpoint
I’m not one to monopolize the conversation on home prices. In the interest of fairness, I present to you the following counterpoint, which I received in an email today. Can we please stop all of the doom and gloom? As you have probably have seen in the news, the real estate market has been going…
“It’s not quite indentured servitude…”
Here’s a quote that caught my attention in today’s headline P-I article: Boeing bosses spy on workers. “It’s not quite indentured servitude, because you can quit, but when you look at the mortgages and car payments, especially in Seattle, you’re not exactly free,” said the surveilled former employee. Real estate salespeople are always talking about…
Can we talk? Full disclosure. What does it mean to you?
I enjoy discussions here because it’s where consumers are. It is like a laboratory of information. One area that is of interest to me, in a large way, is what makes people do what they do. I’m speaking of three groups primarily: consumers and the two primary players in our business, the loan officers and…
“If middle-class people cannot afford middle-class homes, it’s because they are overpriced.”
There’s a decent editorial in today’s Seattle Times: Wages stick to the floor. While I strongly sympathize with the difficulty that middle-class people have buying homes in King County, subsidizing middle-income housing just makes no sense… …the tax burden for subsidizing middle-class housing would be borne mostly by the middle class. In addition, subsidizing middle-class…