Diamond Lake (#3) vs. Linden Hills (#24) Imagine picking the top Twin Cities restaurants based on which ones were the most affordable, or had the shortest lines. In a nutshell, that’s my reaction to the cover story in the September issue of Twin Cities Metro Magazine, titled “30 Best Neighborhoods: the Twin Cities’ most livable destinations.” It’s All...Read More
First Houses, Now Gold? What’s the best way to make an asset class appreciate? A. Increase its intrinsic value B. Limit supply C. Increase its liquidity D. Stimulate demand Answer: C. (credit also given for “D.”). Buried in a Wall Street Journal article last week (the good stuff always is) was this nugget: Whenever an asset gets...Read More
Padded List Prices What do you do if you’re a Seller in a Buyer’s market who’s worried about lowball offers? At least a few succumb to the temptation to pad their asking (“list”) price. Their logic? The higher their initial price, “the more room they have to negotiate.” Flawed Logic Well, yes. But that presumes...Read More
