Bonus Picture Day (billboard next to Everett Events Center): Looks like the banking industry is aware of the debt picture. Gross Income outdated? For years the lending industry has utilized gross income as the yardstick by which consumers are qualified to obtain mortgages. Let’s say the median priced home in King County is $465,000. What…
Kleenex, Q-Tip, Band-Aid… Realtor
Public Service Announcement for people employed the real estate field: Whether you like it or not, the general public uses the term “Realtor” in much the same way that we use the terms Kleenex, Q-Tip, Band-Aid, Jell-O, Styrofoam, and many others. Despite the fact that “Realtor” is a registered trademark that refers to a specific…
Ask Seattle Bubble: Just Bought A Condo
Here’s a question I recently received from a reader that I will call “Jack”: I’m 26. From L.A., recently moved here. Saved for a year, and moved with about 30k, (made 110k in ’06) I was on disability for a year before after I almost died in an accident, so my previous savings were depleted….
What Cities Does Seattle Compare To?
In the last few days I’ve run into a few comments in various discussions about Seattle real estate that have caught my attention: Dean Jones, Condo Marketer: “You might cringe at condos that sell for $2,000 a square foot. But it would be twice that in New York. We’re still, relatively speaking, a bargain.” Bob,…
Why this insider blogs at Seattle Bubble & Rain City Guide
So, why do I contribute from time to time and participate on Seattle Bubble Blog and over at Rain City Guide? Isn’t that like not a good idea? I’ll write as I think, so here goes: I read, collaborate and discuss housing here because it offers one of the very best cross sections of consumers…