July 26, 2011

Foreclosures Work Their Way Up the Housing Food Chain

Upper Bracket No Longer Immune The rich are different than you and me.  –F. Scott Fitzgerald When it comes to escaping the scourge of foreclosure, the rich have three singular advantages — and one distinct disadvantage — relative to mere financial mortals. First, the advantages: One.  Bigger financial cushion.  More affluent home buyers frequently put down...
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“If the SEC Prosecuted Bank Robbers . . . “

Wall Street – Washington “Do-Si-Do” If the SEC prosecuted bank robbers . . . . –98% would get away with it, scott-free; –the ones it apprehended would sign a cease-and-desist letter “neither admitting nor denying guilt,” and pay a civil fine of 2¢ for every $1 they stole. –the bank robbers so chastened would wait six months (maybe) before ....
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Hot Property: New Hope Foreclosure

19(!) Showings in Six Days Where:  5201 Pennsylvania Ave. North in New Hope. What:  4 BR/2BA rambler with 1,455 FSF. Who:  listed by Alex Boylan and Tracy Gazett, Edina Realty. How much:  $80,000 (tax assessed value = $170,000). When:  6 days on market. Since hitting the market last Wednesday (July 20), this New Hope foreclosure has...
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A Riff on Peter Gabriel’s “In Your Eyes”

“In Your Eyes Lunch(box)” in your eyes the light the heat in your eyes I am complete in your eyes I see the doorway to a thousand churches in your eyes the resolution of all the fruitless searches in your eyes I see the light and the heat in your eyes oh, I want to...
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Realtor Favorites (and Least Favorites)

Every field has its most and least favorite activities. As a Realtor with a decade of experience, here are mine: Agent Favorites –Closings (Yeah!!). –Getting a call from a former client who relocated elsewhere but who’s passing through town. –Hosting a Broker Open (the first time). –Multiple offers (representing the Seller).  –Full-price offers with hefty downpayments...
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“Mill Valley Cafe” in St. Louis Park

“Is there a “Taste of America” in India, Daddy?* “What is an expert?  Someone who is 20 miles from home.” Switch the subject to food and add a zero (or three), and you’ve just described one of the culinary (marketing?) world’s enduring truths. And yes, the same phenomenon applies elsewhere; see “Minnesota Bratwurst — in...
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