There are two good ideas that have been circulating recently that would help keep the housing market from experiencing another dangerous bubble: End (or greatly scale back) the mortgage interest tax deduction. Require at least a 20% down payment for purchases. Here’s a recent article that covers the arguments in favor of ending the deduction:…
Category: News
News, current events, etc.
Weekly Twitter Digest (Link Roundup) for 2011-09-10
Wow, those are some seriously over-HDR'ed exterior shots: http://t.co/dJLGwIJ via @CurbedSeattle # Oh snap, @Trulia is moving in on @Zillow's price estimation territory. http://t.co/PQPOUdE # via @SeattleTimes "23 ex-WaMu employees named in federal suit" http://t.co/fko8Sm0 # via @SeattleTimes "Study: Tolls would drive away half of Hwy. 520 traffic" http://t.co/wMpYZ7B I wonder how the tolls will…
August Reporting Roundup: Gutter Momentum Edition
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Northwest MLS…
True-to-Life Housing Bubble Monopoly Remake
My brother-in-law pointed me toward this segment of The Colbert Report that aired back on August 3rd. I hadn’t seen it yet, and since I got a laugh out of it I thought was worth sharing here: [hana-flv-player video=”https://seattlebubble.com/blog/wp-content/uploads/2011/09/Colbert-New-Monopoly.flv” width=”600″ height=”338″ description=”Colbert Report – New Monopoly” player=”5″ autoload=”true” autoplay=”false” loop=”false” autorewind=”false” /] You can watch…
Weekly Twitter Digest (Link Roundup) for 2011-09-03
I am shocked. Shocked, I tell you. "Fannie promises to keep families in homes, but instead pressures banks to foreclose" http://t.co/SmApRAr # Psst, hey @SeattleTimes – http://t.co/ZFeOMDp Allan Island has been for sale since 2004. That's not "news." http://t.co/KN62gbA # RT @calculatedrisk: LPS: Average Loan in Foreclosure Is Delinquent for Record 599 Days http://t.co/XhfmKFz #…