A lot of people have emailed me and a lot of discussion has been going on in the forums and comments about the new mortgage freeze plan that is being announced today. Even Bill Virgin, one of Seattle Bubble’s favorite local editorialists has a column on the subject today: You were the careful, responsible sort…
Category: Opinion
Opinion, commentary, etc.
Reader Question: Market Stability & Interest-Only Loans
Here’s a question I received via email from a reader, whom I shall refer to as Malcolm: I will be getting married next August and am beginning to look at buying my first home that we could be in for 5-7 years before children would demand a bigger home. My fiancée and I have a…
Housing Market Schadenfreude
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….
“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…