The P-I printed a real gem of a story this weekend, with a pretty bold prediction: The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession….
Category: News
News, current events, etc.
Former WaMu Pres. Tries to Flip Mansion
Okay, I had this story emailed or IM’d to me by about half a dozen people over the weekend, so I guess I’d better at least mention it :^) Former WaMu president lists home for nearly 2x 2005 purchase price: Stephen Rotella, who was president and chief operating officer of Washington Mutual when it failed…
Zillow Cuts 25% of Staff
First Redfin, and now Zillow: This week we are reducing our workforce by 25%. This was an incredibly painful decision for me and the leadership team, but, in the end, we concluded that we had no choice but to securely batten down the hatches as we sail into a major economic storm. The unprecedented economic…
Local Foreclosure Counseling Agency “Overwhelmed”
KING 5 reports that the increase in foreclosures is putting stress on one local non-profit that offers assistance to distressed mortgage owners. For homeowners caught up in the mortgage meltdown, finding help to save their homes is getting tougher. A Seattle non-profit group helps those facing foreclosure, but the small office is overwhelmed. … The…
More Good List-Based “News” from Forbes
The constant stream of lists from Forbes provides a great distraction and source of amusement. Their latest list is no exception. Behold the ten “Best Cities To Ride Out The Recession”: Austin, TX Oklahoma City, OK Honolulu, HI Portland, OR Tulsa, OK Virginia Beach, VA Seattle, WA Baltimore, MD Boston, MA Lancaster, PA From the…