Here’s a few quickies to start off your Monday morning. First up, Seattle’s market got a mention in the LA Times on New Year’s Eve while I was cavorting about the country. Note that this was a week or two before the NWMLS statistics for December came out, showing a year-on-year price decline. It’s the…
Tag: government_meddling
State Legislature wants to “help people… get into a home.”
As 2008 gets rolling, your lawmakers are getting back to the business of budgets and lawmaking in Olympia. Of course, with this being an election year you can expect to hear a lot of talk about “doing something” to address the latest hot issues that are on everyone’s mind. So what is one of the…
King County Foreclosures Spike Up in November
Foreclosures in King County spiked upward significantly last month, according to the latest report. While the nation as a whole saw a notable drop in foreclosure filings last month, King County filings surged. The county had 767 filings in November, up 127 percent from October and 93 percent from November 2006, according to RealtyTrac, an…
Mortgage Freeze Bla Bla Bla
A lot of people have emailed me and a lot of discussion has been going on in the forums and comments about the new mortgage freeze plan that is being announced today. Even Bill Virgin, one of Seattle Bubble’s favorite local editorialists has a column on the subject today: You were the careful, responsible sort…
“If middle-class people cannot afford middle-class homes, it’s because they are overpriced.”
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…