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May 10, 2020

The Wall Street Journal’s Statistics Goof (Caught by, ahem . . . Yours Truly)

Will It Issue a Correction?? [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] If 10% of the economy shuts down for one quarter, that would be considered a 40% decline at an annual rate.” –“Coronavirus Slump Is...
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“This Offer is Only Valid Until Noon, May 12”

Purchase Agreements, Deadlines, and (Other) Ultimatums [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] At least in Minnesota, where I sell real estate, deadlines are incorporated into Purchase...
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Converting a One-Car Garage Into a [Fill-in-the-Blank]

Avoiding “The Bowling Alley” Effect First, a caveat: unless there’s also a detached garage in the back of the house (typically, off an alley), converting a one-car garage into something else is a non-starter. That’s because going from a one-car garage to a no-car garage is guaranteed to destroy much more value than it creates....
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