Known Unknowns vs. Unknown Unknowns “Britain Stuns World With Vote to Leave E.U.; Cameron Plans to Resign, and Markets Fall.” –headline, NYT (6/24/2016). Is the British exit (“Brexit”) from the European Union — roiling global stock markets today — a Black Swan? I’d say “no.” Sell First, Ask Questions Later A Black Swan is an...Read More
Star-Crossed Condo Building by Lake Calhoun [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] “Roaches check in, but they don’t check out!” –1981 TV commercial for the “Black Flag...Read More
The Timing Factor More than people would like to admit, there’s an element of luck involved in real estate. The variables include: •Whether your buying and/or selling coincides with housing market peaks or troughs (if you’re doing both, it matters much less). •What prevailing interest rates are — and what they’re doing just before you...Read More
