Business Decisions, Big and Small What happens to a homeowner who strategically defaults? (that is, they walk away from their home because it’s worth less than what they owe). Their credit is damaged — if not wrecked — for as long as seven years. What happens to a commercial property owner who strategically defaults? If...Read More
Cleaning Up After the Elephants; or, “Love ’em and Leave ’em” It was fun — sort of — while it lasted. But what a hangover! In 2004, when local land went for $120k an acre, national home builder Toll Brothers swept into the Twin Cities paying . . . $200k an acre. Why? Because it...Read More
