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April 24, 2014

Southwest Minneapolis Meth Lab Busted

What Does it Say About the Neighborhood? Once you get over the initial shock that a meth lab was discovered — and busted — in tranquil Southwest Minneapolis last week, I suppose rational people could draw one of the following two (very different) conclusions: One.  Oh my God!  Meth has now gotten so out of control...
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Why Historical Cost + Improvements ≠ Fair Market Value (Usually)

Seller Misconceptions “Sunk Cost”:  a retrospective (past) cost that has already been incurred and cannot be recovered. –Wikipedia What Sellers paid for their home — and how much they subsequently put into it (for improvements, updates, etc.)  — are important psychologically.* And, depending on how much the would-be Seller currently owes on their home, the sum of their cost + improvements...
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