Here’s a delightful story for everyone out there that’s cheering on huge “price gains” in real estate and rooting for rents to climb. The King County Housing Authority, which recently reopened its waiting list for rental assistance for poor residents, received 11,778 applications in a two-week period — an all-time high for the agency. That…
Wont Last Long
Check out the listing description for a condo in Redmond, listed at $165,000: nice clean spacious condo w/territorial view, lots of storage, assigned parking in garage. located near public parking and shopping. gated community w/lots of amenities. new plumbing, new elevator. wont last long at this price. Setting aside the author’s apparent disdain for the…
More Banking Job Shrinkage
More mortgage job losses for Washington State: Washington Mutual Inc., the nation’s largest savings and loan, notified 1,400 workers in Washington and Florida on Tuesday that they will lose their jobs as part of the company’s cost-saving strategy. About 850 workers at the company’s call center in the Seattle suburb of Canyon Park were told…
Homeowners To Fund Road Repairs?
What’s the solution to Seattle’s traffic problems? Well, apparently if you ask the Mayor, the solution is a tax hike… on homeowners. Since 1998, voters have passed five levies: $117 million for education, $86 million for low-income housing, $72 million for the Seattle Center and community centers, $198 million for parks and $167 million for…
Video Report: Condo Craze
When you get some time, check out this King 5 video report on the condo craze. Robert Mak kicks off his report by focusing on a 23-story building full of $330,000+ condos going up in Bellingham. On his blog, he explains some of his thinking behind the report. Don’t get me wrong—Bellingham is a beautiful…