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January 12, 2012

Butchering Bagehot (That’s “Badge’ – it”)

Or Was It, “Lend for Free on Crap Collateral?” It’s one thing to encounter distortions and ignorant drivel in some blogosphere backwater. But when it appears in The New York Times . . . it’s more than a little dismaying. In a nutshell, that’s my reaction to Adam Davidson’s piece, “What Does Wall Street Do For...
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Misleading Short Sale Statistics

How Many “Active” Short Sales are Under Contract? Four thousand Twin Cities short sales — the number of “Active” such listings on MLS right now — certainly sounds like a lot. At least until you dig a little deeper. It turns out that roughly half of those are under contract. Because the bank(s) haven’t signed off yet, the...
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The Housing Equivalent of “A Stock Picker’s Market”

Robbinsdale Retrofit:  Finding Opportunities in Today’s Housing Market In the stock market, there are periods when the proverbial “high tide raises all ships”:  it doesn’t matter which stock(s) you own, so long as you’re in the market. When the vast majority of stocks are instead treading water, it’s known as “a stock picker’s market.” Success takes...
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