I received the following in an email from a reader: About the condo—comment article… the real issue is not the really cheap/ugly/tasteless and likely unlivable condos (apartments). Nor is it the equally horrible “townhouses.” It is about greed and lack of public (government) oversight and control. The developers wanted the money, the government wanted the…
RE Bust Leads to 16% Capital Fund Deficit in Tacoma
The Tacoma News Tribune reports on a $7.2 million shortfall in the city budget, thanks to a 36% drop in expected real estate taxes: The City of Tacoma may have to delay or slow construction on some projects in order to patch a projected $7.2 million shortfall from real estate taxes this budget cycle. The…
Taking Advantage of a Buyer’s Market
So now that Puget Sound counties have been in a “buyer’s market” for around a year, there are probably some good deals to be found out there. But how do you find them? To be clear, my personal opinion is that we’re still in for another year or two of declining prices. However, I’m sure…
Poll: McCain / Obama: Does it really matter vis-à-vis the housing meltdown?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 09.07.2008.
Desperate Home “Owners” Overwhelm Local Counselors
Wait a minute… I thought only California had lots of people that took out dangerous loans, and are now at risk of foreclosure. Counselors overwhelmed with calls from desperate homeowners Housing advocates and lending counselors say they’re being overwhelmed with calls for help from desperate Seattle-area homeowners, many on the brink of foreclosure. … As…