Schiff: ‘Home Prices Are Still too High’ The market can stay irrational longer than you can stay solvent. –John Maynard Keynes Just for argument’s sake, assume that Peter Schiff’s Op-Ed piece in today’s Wall Street Journal is right: namely, that even after a 30%-plus drop nationally the last four years, housing is still overvalued by...Read More
The Wall Street Journal . . . or The Onion? Sometimes — OK, a lot of the time — I think The Wall Street Journal needs a meta-editor. Their job? To spot risible inconsistencies and contradictions between articles literally on the same page. Or, if you’re reading online, between articles barely centimeters apart. Are They...Read More
Minneapolis’ Most Discounted Condo? I’ve blogged previously about deeply discounted single family homes in the Twin Cities. A second-floor condo (#201) in The Edgewater (pictured above) may very well be the Twin Cities’ most discounted condo. Now at $749,823, the unit was originally listed for $1.981 million almost exactly three years ago. That’s a whopping...Read More
Very Still Ponds On the assumption that Edina Realty’s City Lakes Office is a good bellwether, it’s pretty quiet out there at the moment. How quiet? For the seven day period December 20-26 — in other words, spanning Christmas — there were a sum total of 26 showings for my office. By contrast, in early...Read More
The New “Most Trusted Man in America??” Yeah, yeah, I know who Julian Assange is, and about WikiLeaks. And I’m aware that Time magazine chose Facebook founder Mark Zuckerberg as its “Person of the Year” — if not a “jump the shark” moment, then awfully close. But my candidate for “Person of the Year” is...Read More
“What’s in YOUR Wallet?” I don’t collect stamps or coins or baseball cards. I collect other Realtors’ business cards. Not as keepsakes — no one’s that nerdy — but to get design ideas. What makes for a good Realtor business card? One that stands out — in a good way. Miniature Billboards The business card’s...Read More
