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…
Tag: government_meddling
Taller Condos for Middle Class Buyers?
Just in time for the whole mess to unwind all on its own, the City of Seattle is poised to do something about the lack of affordable (to buy) in-city homes for the middle class. Developers might soon have to provide more apartments and condominiums that moderate-wage workers can afford if they want to put…
Say Hell NO to Government Bailouts!
Seriously. What the hell. August 9, 2007 – Bush: No bailout for pinched homeowners President Bush said Thursday concern should be shown those who’ve lost their homes but it’s not the federal government’s job to bail them out. “Obviously anybody who loses their home is somebody with whom we must show an enormous empathy,” Bush…
Bubble Link Roundup Extravaganza
The stories have been piling up in my inbox at a faster rate than I’ve been able to post them lately, so that means that it is time for another bubble link roundup. I’ve got a lot of ground to cover in this post, and I don’t want to totally clutter up the front page,…
Washington Realtors Spend Big in Olympia
Guess what group is the #3 lobbiest in Olympia so far this year (by dollars spent)? If you guessed “the real estate industry” (primarily the Washington Association of Realtors), you are correct. Since January, they have spent 1.85 million dollars to convince your legislature to do… well, I’m not sure what they want them to…