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March 13, 2012

“Mud Room” — or “Clutter Room?”

[Your Caption Here] The caption accompanying this MLS photo is titled “Mud Room.” However, I suspect most prospective home buyers will substitute their own (less flattering) label. See also, “staging to sell.”
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“Sunk Costs” and Underwater Homes

Homes That Can’t Be Bought or Sold “Sunk Cost“:  A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business may face, such as inventory costs or R&D expenses, because it has already happened. Sunk costs are independent of any event that may...
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