Real Estate Investment

“How to Avoid the Next Real Estate Downturn,” according to The New York Times

Mistitled — & Misleading [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] “Tell me where I’m going go die, so I won’t go there.” –Berkshire Hathaway’s Charlie Munger. Sorry, notwithstanding...
Read More

“Too Good to Be True” Dept., or Housing Market Dandelions

Do the Home Sellers Know That? Somehow, I very much doubt the boast on the sign (above), located in front of the St. Louis Park Costco earlier today (I blocked off the last 4 numbers because I don’t want to provide any free advertising). For starters, I don’t know any Sellers parting with their homes...
Read More

Why the Bottom of the Housing Market is Bottoming Out

Playing Housing Market Arbitrage, or, The Substitution Effect to the Rescue   I don’t know about anyone else, but I see an imminent collision — the good kind — between what’s happening in the rental market and the “For Sale” market. In the Twin Cities and nationally, rentals are scarce — and getting scarcer. In the...
Read More

Investment Opportunity!

Wanted: Investor Looking For a Steal What: Investment PropertyHow much (asking): $293,000 below current tax assessed value (56% below tax value)Where: Twin CitiesWhen: Deadline for offers is 2 p.m. Monday Who says that there aren’t multiple offers any more? A bank-owned 4-Plex hit the market this morning for a whopping $293,000 below its current tax...
Read More