Here’s an interesting/amusing little blurb from The Stranger: The city council’s housing committee voted May 16 to put off a motion that would grant $1.5 million in tax breaks to a University District developer in exchange for "affordable" rental units that would cost nearly $200 more than the average rent for the neighborhood. The average…
Category: News
News, current events, etc.
Typical Seattle Story
Thanks to reader Dukes for pointing me toward this story. When CNN wanted a typical story about a young couple getting in over their heads with ARMs and HELOCs, where did they turn? Seattle, of course. Shortly after they were married, Aaron and Lacey Blank, now 25 and 27, wanted just what you’d expect: to…
Let’s Talk Jobs
Let’s talk about jobs for a minute. Not the iPod selling, Pixar-owning kind, but the working for a living kind. I’m going to keep this really basic. Jobs make people money. People use money to buy things. One thing that people buy is houses. Therefore, in my opinion, one good indicator of what the housing…
Remembering The Insanity
Marlow Harris of 360 Digest forwarded me this great example of the kind of story you won’t be seeing anymore in the coming years. We were to present our offer the next evening as one of 10 offers (!). I told my realtor that I’d rather pay too much for the house than lose it….
Prices Slowing, "But Not Here"
You may have seen the generic story in the news yesterday about home prices finally slowing down. What you may not have noticed was that the Seattle Times reprinted the story from Bloomberg News and added their own little gloating bit to it. Home prices fall in some U.S. cities, but not here Home prices…