February 10, 2009

Hot Property (Really!)

Want a Deal? How about *82% off?Where: 22xx Vincent Ave. North; MinneapolisHow much: $42,500Key Stats: 4BR/2BA; 1,363 FSFLast sale*: $240,000 (6/2006)Tax assessed value: $165,000 No, it’s not in Edina or Wayzata. And, yes, it’s a foreclosure, with all the headaches that can be involved (including less than pristine condition). However, this brick-and-stone rambler is just...
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Tax Credits vs. Low Rates

The Right Stimulus for Housing There now seems to be a clear consensus that, to help the economy, government must first do something to help housing. However, there’s still no consensus about what. The two leading strategies are: One. Using taxpayer money to basically subsidize mortgage rates down to some previously unheard of number, like...
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