Let’s talk about interest rates for a while. As we have discussed before, when most people buy a home, they tend to determine how much they will spend based on the monthly payment they can afford. Two components make up your monthly payment when you buy a home: loan amount and interest rate. A common…
Forbes: Seattle 5th Best Market to Invest In
Believe it or not, Matt Woolsey is still writing bullish real estate pieces for Forbes (some of his previous work). His latest gem: Top U.S. Real Estate Markets For Investment Encouraged by a weak dollar and a belief in the resiliency of the U.S. economy, individuals like [Australian dentist Rahul] Reddy, along with institutional investors…
Who gives a RA about the banks, anyway?
I thought we could use a thread to discuss the insanity that reigns in the financial world today. You all already know the news. IndyMac taken over by the FDIC in the third-largest bank failure in US history. The bailouts of Fannie & Freddie have begun. Here’s another take on the weekend news: Now here’s…
Local employer Intermec announces 180 to lose jobs.
Mike Benbow reports from The Everett Herald. [Addition from The Tim] As noted in the forums, local construction equipment manufacturer Genie Industries is also laying off “120 full-time workers and an undisclosed number of temporary workers.” The P-I has the story. Genie employs roughly 3,000 people, making it the second-largest employer in Redmond. For what…
Poll: Do you think the Dow will drop below 10,000 in the next 11 months?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 07.19.2008.