Tag: Uncategorized

I heard an ad for a mortgage company on the radio this morning that had the following line: We can approve you from your car (i.e. – over the phone). Getting a home loan should be as easy as ordering pizza. It’s because of companies with that kind of philosophy that we’ve gotten into this…

In a discussion this weekend over at RCG, contributor Galen Ward commented that “Home prices will probably be flat until inflation prices back to ‘normal’ levels.” To which I replied that currently “in King County a family making the median household income has just 45% of the income necessary to afford the median-priced home,” and…

The Tacoma News-Tribune sheds light on a problem with state law that could become more of an issue as foreclosures become more common in the coming years. "Opportunity knocks!" proclaimed a real estate handbill about a five-bedroom home on two acres selling for $288,750. But here is what you won’t find on the advertisement for…

P-I Columnist Bill Virgin makes light of the housing situation in today’s column, titled How to rein in housing prices? It’s simple. The thrust of the article is a sarcastic proposal to make it illegal to profit from the sale of a home. However, he makes some interesting claims that I can only assume he’s…

The topic of whether or not our area is somehow immune to a bubble was suggested by a reader. I made a very similar post back in September, but readership and participation has grown quite a bit since then, so now would be a good time to post it again. As markets across the country…