“Pssst! Buy Oranges and Avocados” Missed out on the 2010 bull market in commodities? I’ve got a 2011 trade for you: oranges and avocados. Not for your portfolio — your fridge. For reasons of supply and demand, prices — at least in the Twin Cities — have never been lower for fresh avocados and oranges...Read More
Like most Realtors, I set up what are (or used to be) called “hot sheets” on MLS to track activity in areas of specific interest to my clients. So, just by clicking “Update,” I can see everything that’s changed on the market — across multiple neighborhoods, price ranges, etc. — since the last time I...Read More
Schiff: ‘Home Prices Are Still too High’ The market can stay irrational longer than you can stay solvent. –John Maynard Keynes Just for argument’s sake, assume that Peter Schiff’s Op-Ed piece in today’s Wall Street Journal is right: namely, that even after a 30%-plus drop nationally the last four years, housing is still overvalued by...Read More
The Wall Street Journal . . . or The Onion? Sometimes — OK, a lot of the time — I think The Wall Street Journal needs a meta-editor. Their job? To spot risible inconsistencies and contradictions between articles literally on the same page. Or, if you’re reading online, between articles barely centimeters apart. Are They...Read More
Very Still Ponds On the assumption that Edina Realty’s City Lakes Office is a good bellwether, it’s pretty quiet out there at the moment. How quiet? For the seven day period December 20-26 — in other words, spanning Christmas — there were a sum total of 26 showings for my office. By contrast, in early...Read More
The New “Most Trusted Man in America??” Yeah, yeah, I know who Julian Assange is, and about WikiLeaks. And I’m aware that Time magazine chose Facebook founder Mark Zuckerberg as its “Person of the Year” — if not a “jump the shark” moment, then awfully close. But my candidate for “Person of the Year” is...Read More
