Ben Jones of “The Housing Bubble 2” beat me to the punch on this story (how does he make so many posts each day?), but since it was reported by a local outlet (KING 5), I thought it would be good to post here. It really isn’t a particularly local story (except for one local…
Category: News
News, current events, etc.
Follow-Up: Local Radio On the Bubble
Well, 710 KIRO has completed their 5-day series of reports on the “housing bubble.” I put housing bubble in quotes because they slyly changed the name of their report from CloseUp: Housing Bubble to CloseUp: Betting Against The House. All in all, I’m a bit disappointed in this “close-up” report. The first two parts were…
Seen on Craigslist
My wife spotted this Craigslist posting, which I found to be quite interesting. Check it out while it lasts: * * * MUST SELL ASAP Diamonds Please Help* * *PLEASE HELP! I have to part with my diamonds for the closing cost on our 1st new home. … I have a 3 items… Princess cut…
Forbes: Seattle Most Overpriced City
Most people reading this blog have probably already seen this month-old report from Forbes that ranks Seattle as the #1 most overpriced city in the country, but I thought it would be pertinent to post here anyway, especially considering the more recent report that places Seattle “way down” at #86 most over valued. To determine…
Zealous Optimism = Growing Equity Borrowing
At least someone in the Seattle media is paying attention to the dangerous situation that a lot of people are getting into so they can afford a home around here: The housing market around here has been so hot for so long that some homeowners assume prices will always go up. But the experts warn:…