Crellin: Keep Homes Off the Market—Return “Balance”

Posted on by The Tim

If you’ve been reading this site for more than a few weeks, you’ve probably heard of the Washington Center for Real Estate Research at WSU and its spokesman Glenn Crellin. Mr. Crellin is frequently quoted as an authority on local real estate markets across Washington State. With a neutral-sounding name like “Center” and its existence…

“If middle-class people cannot afford middle-class homes, it’s because they are overpriced.”

Posted on by The Tim

There’s a decent editorial in today’s Seattle Times: Wages stick to the floor. While I strongly sympathize with the difficulty that middle-class people have buying homes in King County, subsidizing middle-income housing just makes no sense… …the tax burden for subsidizing middle-class housing would be borne mostly by the middle class. In addition, subsidizing middle-class…

I-747 Tossed, R-67 Passed = More Market Downers?

Posted on by The Tim

Hmm, this seems like it could be a timely lucky break for state and local governments that have failed to responsibly save any of their recently booming property-tax revenue: The State Supreme Court today found Initiative 747, the tax-limiting measure passed by voters in 2001, unconstitutional. … The measure, passed by voters in 2001, limited…