Discredited NAR mouthpiece Lawrence Yun paid Seattle a visit on Friday to spout some more of his trademark wish-based forecasting. The Puget Sound Business Journal and the P-I both had brief write-ups of his presentation. From Aubrey Cohen’s write-up in the P-I: “We believe that the home prices have already fallen to what could be…
Category: News
News, current events, etc.
The Crisis of Credit Visualized
Great visualization of the mess we’re in. The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Reminder: No News is Bad News Town Hall Discussion Tonight
Just a brief reminder that the community-driven town hall discussion “No News is Bad News: Seattle As a No-Newspaper Town?” is happening tonight at 7:00 PM in the Bertha Landes Room at Seattle’s City Hall. What it is: A free, community discussion to discuss the future of journalism and news media in the Seattle area….
Seattle Times “$1.5M condo on 20K income” Story Full of Gaping Holes
Last Friday, the Seattle Times ran an interesting story about a “limousine driver, earning little more than minimum wage” being approved for a loan on a $1.5 million condo in Bellevue Towers. The story was also picked up by at least one of the local television news outlets, and has been making the rounds on…
Foreclosure Rescue Plan Open Thread
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…