Pick Your (Economic) Metaphor The real question is, now what? Government interventions are only meant to light a fire under the real economy and unleash what John Maynard Keynes called our “animal spirits.” But government dollars can’t sustain growth. Like it or not, the stock market is bigger than the Federal Reserve and the U.S....Read More
Today’s Housing MarketThe general public — and particularly Sellers — may not have absorbed the reality of lower housing prices. But Realtors sure have. Three years ago, a $200k deal was nothing to get excited about (to say the least). Now, it qualifies as an above average transaction in the Twin Cities (completely true; many...Read More
Buyer’s Budget as Negotiating Leverage I’m seeing and hearing more instances of Buyers, in the course of negotiating for a home, instruct their Realtors (including, sometimes, me!) to tell the Seller that “that’s all I can afford.” Is that a smart tactic? I discourage it, for three reasons. One. Sellers tend not to believe such...Read More
