Washingtonian: Tales From the Boom and Bust

May 3rd, 2010 by Aaron

Tales from the Boom & Bust

The Washingtonian had a great feature story this month on the rise and fall of the housing market in the D.C. metro area over the last 10 years, or so.  The story was really more a collection of quotes taken from over 100 interviews that were conducted for the article, but they told a compelling story from every side of the housing industry.

On a personal level, my wife and I experienced the craziness first-hand back in 2005, or so.  We had decided at the time to look into buying our first home.  We contacted a real estate agent who proceeded to warn us before we ever looked at a single home that:

  1. We needed a pre-qualification letter from a lender that the seller would consider acceptable (i.e. – a local lender – and preferably the agency’s own in-house mortgage unit (ha!))
  2. We needed to be willing to waive inspection or the seller would likely choose another buyer.
  3. If we liked any of the homes we saw, we needed to be prepared to write an offer – preferably the same day – because homes weren’t staying on the market for much longer than a few days to a couple weeks.

We ended up looking at several homes in areas that we didn’t really want to live in, with layouts that weren’t very attractive, at prices that made me want to gag.  Luckily for us, we had the willpower to pass on the deals entirely and remain renters.  It’s certainly easy to see how so many others got caught up in the frenzy, however.  There seemed to be such pressure to “act now, or you may miss the bus,” that those who were new to the game may have felt that they had no choice.  I feel I’m better for having gone through that and it’s nice to see how time has made those days seem all the more incredible.

Read an excerpt here:  http://www.washingtonian.com/articles/homegarden/15489.html

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    Subscribe Now and Have Your Credit Card Stolen as an Added Bonus!

    October 25th, 2008 by Aaron
    Dealmaker Subscription Card

    Dealmaker Subscription Card

    I normally don’t pay much attention to the 62 subscription cards that fall out of each magazine I read, but the subscription card for Dealmaker magazine caught my eye.  It asks the normal questions regarding name, address, etc., but then has a few oddities:

    1. There isn’t a price or subscription length mentioned anywhere on the card.  As the old saying goes, I guess “if you have to ask…”
    2. They force you to write your Visa, Mastercard, or AMEX number, expiration date, and signature right on the back of the card!  There isn’t an option for “Bill Me Later” that might protect your personal information.
    3. In small print under the billing information, they state, “Guarantee: We will never rent or sell your name or personal information.”  Yeah, you may not, but what about my mailman?

    I guess one could always send the subscription card in an envelope, but then that kind of defeats the purpose of Business Reply Mail, doesn’t it?

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    Holmes on Homes on TLC Update

    October 9th, 2008 by Aaron
    Mike Holmes

    Mike Holmes

    I have gotten many hits over the last month or so from people wondering what happened to Holmes on Homes on TLC.  The show mysteriously disappeared from the channel’s line-up in September and has yet to re-surface on any of the Discovery networks.

    I queried TLC Viewer Relations and received a response that Holmes on Homes is finished airing “for this season.”  That’s not much information, but it doesn’t seem that they have pulled the plug on the show – at least at this time.  Holmes on Homes continues to air on HGTV and BBC in Canada, so I take that as a good sign that Mike will eventually return to the U.S. TV line-up – even if it is on a Discovery network other than TLC.

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    Sofitel Chicago Water Tower

    October 8th, 2008 by Aaron

    We recently had the opportunity to stay at the Sofitel Chicago Water Tower while we were attending a wedding (congratulations, Rick & Shannon!).

    Bedroom

    Bedroom

    Getting There & Parking

    The hotel is about a $45 cab ride to/from O’Hare, including tip, for up to 4 people.  Overnight valet parking is $44 at the hotel and $32 at the nearby self-park, so planning to take taxis can actually be as cheap – or cheaper – than renting a car and paying to park.

    Checking In

    Check-in was quick and efficient.  We arrived early (around noon) and did not have to wait in line.  I asked for – and received – an “upgraded” room, which was a corner room on the 30th floor of the hotel.  Other times of day, I did witness short lines at reception, but it seemed as though everyone’s check-in/check-out was handled promptly.

    Bathroom with Separate WC

    Bathroom with Separate WC

    The Room

    The hotel is designed and decorated in a modern style.  Our room consisted of a bedroom and bathroom, which were in a slightly different configuration, since we were in a corner room.

    Upon walking through the door, a short hallway led to the bedroom.  The bedroom contained a relatively comfortable bed, 4-door closet (containing space for hanging clothes, drawers, shoe storage, and in-room safe), desk, chaise lounge, and a small table.  The desk and the mirror on the wall behind it were rendered fairly useless by the flatscreen television, which was nice, but seemed like an afterthought in the design of the room.

    Desk and Flatscreen Television

    Desk and Flatscreen Television

    The bathroom door was on the right, along the outer wall (next to the windows).  The bathroom featured lots of marble, a single vanity, tub, an oversize shower, and separate water closet.

    Overall, the room interior was well-executed and about what you would expect for a roughly $300+/night hotel in downtown Chicago.

    Dining

    The hotel’s single restaurant, Cafe Des Architectes, is open daily from 6am-11pm.  Breakfast was the only meal we ate there, but it was delicious and reasonably priced – particularly for a high-end hotel restaurant.  There are many other restaurants within walking distance or a short taxi ride of the hotel,

    Bathroom Vanity

    Bathroom Vanity

    so dining choices shouldn’t be a problem.

    Bar

    The hotel features two bars: a small, 4-seat bar at the Cafe Des Architects (perfect for a quick drink, since it was normally empty), and the larger Le Bar.  Le Bar is open from 3pm-2am and was standing-room-only the two nights we were there (our party somewhat contributed to that on one of the evenings).

    Overall

    The Sofitel Chicago is a solid choice for travelers looking for an upscale oasis in Chicago.  The rooms, staff, and on-property food and beverage were all good.  My one possible complaint would be if I were having to park a car at the hotel, but that is much the same at any other property in the downtown area.  If you are a leisure or business traveler and can wait to make your reservation, the Sofitel website seems to offer fairly significant price drops as dates approach.

    Related Links

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    Holmes on Homes Moves to TLC

    July 21st, 2008 by Aaron

    Mike Holmes

    One of the only remaining worthwhile shows on the now-defunct Discovery Home Channel (the other being License to Grill) has moved to TLC.

    Each week, Mike Holmes and his crew tackle another home construction or (more often) home improvement nightmare left behind by an unscrupulous contractor.  In the end, the homeowner gets what they originally paid for and the viewers get numerous tips for avoiding the same situation, as well as the proper way to do many common home repairs and improvements.

    Mike’s tips have come in handy for this new homeowner and you can’t help but enjoy someone who takes great pride in their work.  We all should have the same commitment to our customers that Mike has to the homeowners on each show.

    Holmes on Homes airs each Saturday night @ 10pm Eastern in the US on TLC.

    For more information, visit:

    Holmes on Homes @ TLC

    Holmes on Homes Web Site

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    New Aleve Commercials May Induce Vomiting in the Under-60 Crowd

    June 14th, 2008 by Aaron

    If you haven’t seen the new Aleve commercials yet, count yourself lucky.  Here’s a little taste – hope you haven’t just eaten!

    Probably the most sickening thing about these commercials once you really sit and think about it is the amount of money that someone made off of pitching this crap!  Where do I sign up?

    Of Interest: 4/5 – 4/11

    April 11th, 2008 by Aaron

    A few of my favorite items from the past week:

    Fire and Motion

    Forcing your enemy or competitors to adapt to you is one key to winning.  From Inc.com via Joel on Software.

    Ball Skills

    A demonstration by Tim Nolan, a professional juggler and basketball entertainer.

    Solving the Enigma

    The fascinating history of cracking the German encryption mechanism.

    Webby Award Nominees

    See who’s better than you on the web ;-)

    Posted in Technology, Uncategorized, Web | Comments Off

    Updates Coming Soon!

    October 22nd, 2007 by Aaron

    I’m working on a new WordPress theme. Once that and a few other odds and ends are complete, I’m back, baby!