There’s a new site called Stop the Mortgage Bailout that aims to draw attention to the anti-bailout cause and educate people about what a bailout would really mean. From the site: A bailout is morally irresponsible because it encourages irresponsible and irrational behavior. Here is a short list of the many “moral hazards” that a…
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News, current events, etc.
Stare Down: who blinked first? The loan officer or the borrower?
You know the drill. You and your siblings pile in your parent’s 1982 Chevrolet station wagon for the long 10 hr. drive to the summer vacation hot spot. Lots of games took place and many were invented to pass the time: Hold your breath through the tunnel, Stratego (tough in a bumpy ride), card games…
I Got Your Doom and Gloom Right Here
King 5 News ran a great little piece yesterday that demonstrates just how ridiculous it is to call falling home prices “doom and gloom.” The flat real estate market has been a source of concern for many. But for some charities like Habitat for Humanity, it’s providing a long awaited opportunity to advance their cause….
Foreclosure Tours Arrive in the Northwest
You’ve probably heard about the foreclosure tours that are becoming common in places like Las Vegas and Sacramento. Well it looks like they have finally arrived in the Northwest. Thurston County foreclosure notices have increased more than 50 percent in the first quarter of 2008 compared with the same period last year, prompting one real…
Local Media Roundup: Doom and Gloom, Etc.
We’ve been focusing more on original content here lately, which means that as articles crop up in other local news sources, we haven’t been posting every single one. Of course, there are some interesting things being said about the local housing market in other news sources, so it’s good to touch base with them once…