Two good news stories on the national front that are worth sharing this morning. Story 1: Senate Defeats Mortgage ‘Cram-Down’ as Democrats Balk The U.S. Senate rejected a measure that would let bankruptcy judges cut mortgage terms to help borrowers avoid foreclosure, a victory for banks and credit unions that said the legislation would increase…
Category: News
News, current events, etc.
Vulcan’s Rollin Street Flats to Convert to Apartments
I received an email tip from a reader that Vulcan’s Rollin Street Flats, a 197-unit condo building in South Lake Union is officially going apartment. Just four days ago, the Seattle Times reported that Vulcan had “pushed back the start of closings on its nearly finished Rollin Street Flats project.” An email being sent to…
Reminder: Robert Shiller at SPU Today at 1PM
Don’t forget that Robert Shiller (yes, the Shiller in the Case-Shiller Home Price Index—which comes out again tomorrow) will be speaking at Seattle Pacific University today from 1:00 PM to 2:45 PM. The event is free and open to the public. Hit the SPU website for more info. I will be attending the afternoon session…
Reader Negotiates 25% Rent Discount from Equity Residential
I received this rental negotiation success story from a reader via email, and thought it was worth sharing: As a long time reader of your Seattle Bubble Blog, I knew that rents on their way down in King county. My Equity Residential owned apartment building in Redmond has experienced some huge increases in recent years,…
Morning News: National Housing “Crisis,” Boeing, Alaska Air, & More
Here’s a few national stories of note, and a handful of local economic news stories from this morning: New York Times: For Housing Crisis, the End Probably Isn’t Near Wall Street Journal: When Will Home Prices Stabilize? Fitch Says 2010 Seattle P-I: Unemployed workers struggle with job-seach requirements Associated Press: State lawmakers strike agreement on…