spec building

What’s Selling: East Edina

Demographics + New Construction + East Edina = Sold! In a market where new construction is supposedly dead, and high net worth Buyers are thought to be licking their wounds, some developers are still finding strong demand for their product. Case in point: 5420 Park Place in Edina. Built “spec” (speculative, as in no upfront...
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Free House! (with qualifying land purchase)

Buy the Land . . . Get the House for Free Benjamin Graham, the father of value investing, famously recommended buying stocks that trade at a discount to the company’s underlying “book value” (basically, assets minus liabilities). His rationale was that a company’s book value established a floor under its stock price: even if the...
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