When discussing a real estate bubble with “non-believers,” one subject that often comes up is emotions. Some real estate enthusiasts go so far as to claim that everyone who believes in a bubble is a bitter, scared, renter. On the other end of the spectrum, Marlow Harris of the P-I’s Seattle Real Estate Professionals blog…
Category: News
News, current events, etc.
Real Estate Party In Washington!
A number of readers pointed out the latest series of rah, rah, real estate stories from Money Magazine that sing the praises of real estate in Washington State. The gist of the articles is that while the slowdown in real estate is undeniable in most of the country, the crystal ball predicts that a number…
Tax Breaks For "Affordable" Rent
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…
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…