Blast From the Past I’m old enough to remember not just when gas stations had actual, live attendants — but when gas was truly cheap, and competition for customers was such that gas stations on opposite corners would engage in price wars. Yes, price wars. At the extreme, you’d even see the stations’ signs attempt to lure...Read More
“The reason dolphins have a reputation for saving drowning swimmers is because you never hear from the ones they push out to sea.” As a Realtor, you seldom hear about the transactions where the home appraised at (or above) the sales price, and the deal went on to close smoothly. On the contrary, you hear...Read More
Maybe It’s the Other Way Around “New construction often brings down the value of older homes, which wear out and go out of fashion, dragging down prices.” –Robert J. Shiller, “Housing Market is Heating Up, If Not Yet Bubbling”; The New York Times (9/29/2013) It’s a classic glass half full/half empty debate: housing bears such...Read More
