Discounting for an Achilles Heel Normally, homes in Edina’s tony Country Club neighborhood fetch anywhere from $300 – $400-plus per square feet. The home pictured above, located at 49xx Sunnyside, is selling for $200 a square foot (divide the $850k asking price by 4,233 square feet). What gives? It’s located just east of Highway 100,...Read More
The Too-Big-To-Fail Debate Advocates for cutting so-called “too big to fail” financial institutions down to (less threatening) size — I’m one of them — have rightly focused on the systemic risk such entities pose; the unfair, distorting effects on competition such a policy causes, due to the implicit federal guaranties backing TBTF companies (which drives...Read More
50% Off Original Ask There may be another home in the Twin Cities that’s been on the market longer, or has been discounted more from its original asking price than this one. But if so, I’m not aware of it. Originally listed at $1.395M in September, 2007 (yes, that’s 32 months ago!), this postcard-pretty 1937...Read More
