Cash Buyers at Extremes of Market No, I don’t have any hard data backing me up. But anecdotally, at least, it seems like the two likeliest kinds of houses to be bought for cash these days are: One. Bank-owned foreclosures selling for bargain-basement prices — and in such tough condition no lender would accept them...Read More
Skip Oil, Tap Geothermal Here’s a heretical thought in the wake of the (ongoing?) BP Deepwater Horizon mega-spill in the Gulf of Mexico: Maybe the takeaway lesson isn’t that new drilling be limited to shallower, closer-to-land oil wells. Rather, maybe the lesson is that society should be more ambitious, and instead aspire (if that’s the...Read More
Dramatic Contemporary Near Cedar Lake Where: 2812 Sunset Blvd.What: 4 BR/4Bath Contemporary (built 1981) with almost 4,200 (!) finished square feet just down the street from Cedar Lake; minutes to downtown and uptownHow much: $525kWhen: noon to 1:30 p.m.Who: listed by Ross Kaplan, Edina Realty City Lakes Please stop by my open house later today...Read More
