The Financial Crisis for Beginners (or Grandmothers) Mystified by the financial crisis? Here’s one of the simplest — and most accurate — descriptions I’ve encountered yet: My mother is paying taxes to the government. The government is giving her money to the banks. The banks are gambling like they’re watching “Fast Money.’ But my mother...Read More
Changing Tenant Mix @ Calhoun Village I’m not expressing a personal preference, or examining the broader economic ramifications. But I do find the changing tenant mix in Calhoun Village, where the Edina Realty City Lakes office is located, to be interesting — and telling. Gone: a video store and liquor store. In their place: a...Read More
Real Estate’s “Heisenberg Uncertainty Principle” The observer influences the thing observed. –Heisenberg uncertainty principle It seems self-explanatory, but as a principle, I don’t price other Realtors’ listings. The issue usually comes up when I do a listing presentation — essentially, a job interview for Realtors. In the course of interviewing Realtors, homeowners (and prospective Sellers)...Read More
