From Michelle Lancaster. Tell me what I missed on Twitter @MichLancaster.
Lower Loan Rates Mean Higher Down Payments
Lower loan rates are coming to potential homebuyers as a result of the recent mortgage crisis. So, if you are looking to move away from that noisy patio bar or want to be closer to the action, what should you expect as of October 1? Urban Turf reports that you’re likely to encounter more stringent underwriting of loans, higher down payments and higher interest rates. It’s perhaps not all bad news, though; the smaller pool of buyers capable of putting down a big payment may drive prices down.
The Saga of the ‘Post Office’ Project
So, now you’ve decided where to buy. Be careful, there are commercial real estate areas near you that may cause a ruckus, either in applications for liquor licenses or while in operation! We reported on the decision by ANC2B to protest the ‘Post Office Bistro’ liquor license application earlier, but there’s more to this story. Fliers appeared in residents’ mailboxes and posted around the area earlier in the week, urging residents to protest the bistro’s application. A number of residents took issue with the fear mongering messages and anonymous approach and have been expressing their opinion in comment sections of some local blogs. Now, we find out from 14th and You and from Tuesday night’s ANC meeting that the flyer was the brainchild of Elwyn Ferris. Why does that matter? He’s the partner of local ANC2B Commissioner, Ramon Estrada. See Tom Hay’s summary from last night’s ANC 2B meeting: ANC 2B Votes to Protest “Post Office” Liquor License Application.
Hooray! The enclosed dog park–with lights soon to come–opened several days ago at 11th and R Streets NW. The entrance is on 11th Street south of R on the east side of the street. The park is adjacent to Shaw Junior High School. For now, the hours seem to be from around 7 a.m. to 7:30 p.m.; the park will remain open until around 10 p.m. (I believe) once lights are installed.
I took our dog there last night. The park is nice, with about 75% covered with pea gravel and about 25% with mulch. It took our dog a little bit to get used to the rocks, but she soon adjusted.