Looks like I was quoted in this month’s Oregon Business Magazine. A Brief article on the merits of live/work spaces. It’s a short piece, and mostly about the concept, rather than specifics.
Left hook from the economy. Right cross from the banks. Multiple uppercuts from the mortgage industry. A 10-round knockout.
For those of you who’ve been following along, it’s been a real treat sharing this process over the last year and a half. As of today, I’m officially abandoning the live/work project. putting things on hold while [...]
Bad news. After reaching terms with the bank, they’ve gone back on their initial commitment. The first terms were not favorable, but if I held my nose, I could tolerate it.
The new terms are just abysmal. They’ve increased their fees to 2 points, are requiring all sorts of new documentation from the builder, and want [...]
Well, it feels almost surreal, but the city has our permit ready. Meaning, if I put down my money, we could break ground. Of course, this is all theoretical, since the bank is behaving like…well, most banks. More on that shortly.