Category: Heimatkunde
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Why did they hold?
Wolf has been watching Zillow’s antics over the last two years. The process is a share buyback applied to real estate. When you have the power to buy all the products in a finite market, you can raise the price as far as you want. The remaining products still for sale go up FAST. Part…
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The 10-year flip
I started daily walks in Dec 2011, always centered on one place in the neighborhood. My intention was to ‘pray’ the old building into better shape. It took exactly ten years. I’ve been tracking it in the blog at important change points…. = = = = = Some of the notes, sorted by date: Dec…