King 5 News reports on a home-buying scheme that has ensnared at least a few unsuspecting victims: Imagine buying a home and moving in, only to find out later that the house was never yours at all. It’s a mortgage scheme that’s caused financial pain and heartache for many families in Western Washington. It’s a…
Category: News
News, current events, etc.
An Anecdotal Update (Or Two)
I noticed on my drive home from work one day last week that the for sale signs had come down from in front of the million-dollar new construction on Avondale. Recall that just under a month ago, the price was dropped (again) to $1,275,000. So did the house sell, or are they just taking it…
Seattle Bubble Stats: Where are the Condos?
The question was asked on my number-crunching post last week of why I do not include condos in most of the statistics that I post here. Since that is a valid question that other people may be wondering as well, I thought I would post the answer where it will gain more visibility. I choose…
The Puget Sound "economic" levee: will it hold?
From Business Week: “St. Louis Fed president William Poole said, according to Bloomberg News. ‘As long as the housing problem remains confined to housing, there’s really nothing the Federal Reserve can or should do.’” Realistically, I don’t think this will be the case. From a business perspective, I’m watching cash flow more intensely than ever….
Our Town A to Z
Alki – What you will become after your home becomes a boat anchor Belltown – Experience fine dining while warding off homeless and addicts Capitol Hill – Enjoy wearing your fauxhawk while calling 9-11 Denny-ile – Denial over the negative appreciation in your recent downtown Seattle condo purchase Eastside – Close to Microsoft. Location, Location,…