Car Terminology vs. Housing Terminology In auto sales, cars priced roughly around $40k today apparently are referred to as “entry-level luxury.” So, what would you call an $800k home in the Twin Cities? “Lower upper bracket” (the latter term is courtesy of a former law colleague). “Only $150 Per Square Foot!!” Unlike real estate, cars are...Read More
What’s the difference between a “Tudor” and a “Revival Tudor?” As far as I can tell . . . none. In fact, “Revival Tudor” appears to simply be the more formal name for what everyone commonly refers to as plain old “Tudor.” Here’s a good working definition: “The essential characteristics of a Tudor Revival house...Read More
Business Days vs. Holidays vs. Weekend Days Scenario #1: The Buyer and Seller finalize their Purchase Agreement tomorrow (July 3). The Inspection Addendum gives the Buyer 5 days to begin the Inspection. What’s the deadline? Scenario #2: The Buyer and Seller have executed a Contingent Purchase Agreement. The Seller gives the Buyer written notice today (July 2)...Read More
Fast Friends at Lake Calhoun About a zillion years ago at The Punchline nightclub in San Francisco, I heard a hilarious bit by (a then unknown) Rob Schneider recounting the various usages of the word “Dude.” As in . . . #1. Greeting (“Dude!”); #2. Approval (“Du-u-u-de!”, upbeat); #3. Disapproval (“d-u-d-e,” in a low tone); #4. Warily,...Read More
You’d guess (or at least, I would) that a “natatorium” would have something to do with the fashion industry — perhaps the venue for all those “glam” runway shows in Paris and New York(??). Instead, it turns out to be a fancy name for . . . a swimming pool. An indoor swimming pool — in this case, an...Read More
“Bonus Round” Near Agent’s Fiscal Year-End With the blitzkreig of ads screaming “Deals! Deals! Deals!,” it’s easy to forget that the “black” in “Black Friday” originally referred to retailers’ bottom line, not consumers’. So, at least according to one popular explanation, “Black Friday” was when notoriously low-margin retailers became profitable — “went into the black”...Read More
