Here’s a guest editorial from today’s Seattle Times that says something I’ve been saying all along: The “home prices are high because we’re running out of land because of Growth Management” argument doesn’t hold water. The cost of housing is spiraling out of control in many parts of the Puget Sound region. King County is…
Tag: lending
Elizabeth Rhodes: Master Of Misdirection
Wow, Elizabeth Rhodes is on a real anti-bubble roll this weekend. Did one of you submit this letter to her “Home Forum” Q & A? Q: I keep reading that home prices aren’t expected to decline in the Seattle area. Aren’t you overlooking the possible effect of “suicide loans” — those adjustable-rate mortgages that are…
Trahant: Wake Up and Smell the Credit Bubble
There were a lot of interesting stories in the news this weekend, but the one that deserves attention before the rest is the latest editorial gem from Mark Trahant. This region ought to be one where we are comfortable with the boom-and-bust cycle. It is inevitable — and it is reflected in our stories. Yet…