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: News
News, current events, etc.
Forbes: Seattle a “Down Market” & also 8th Best
I’m a bit confused. Just two weeks ago, Matt Woolsey’s latest real estate list in Forbes placed Seattle as the 8th best real estate market in the country. Now this week, Forbes writer Joshua Lipton pens an article titled Selling Your Home In A Down Market, which highlights the difficulty many people are having in…
The Amazing Disappearing Condo View
Granted, this is pretty much old news by now, but the issue of the disappearing condo views is at least worth mentioning. Benjamin Shanfelder signed up to buy a condominium on the west side of downtown Seattle’s Cosmopolitan building in 2005 because it was one of the first new downtown high-rises and was convenient to…
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…
From the Sun Sentinal in Florida: State freezes ‘run on the bank’ at investment fund
The Sun Sentinal article: “In an effort to halt what one official called ‘an investment world version of a run on the bank,’ state officials froze withdrawals Thursday from a $27 billion investment fund that local governments drained by almost half during the past two weeks.” (bold type by me for emphasis) “‘It is certainly…