CategoryHard Sells

Bidding Wars And The Winner’s Curse

Time to read [6 minutes] Bidding Wars Are Auctions And Winners Behave Differently Than Losers Chronic Shortage Of Listing Inventory Is Easing But Bidding Wars Remain Prevalent Nearly One In Five US Sales Sells Above The Ask I have often told the story of our efforts to buy our present home three years ago in a Connecticut housing market devoid of listings. We beat 30 people and paid about 36%...

Why On Earth Would Someone Buy In A “Ground Lease” Building?

Time to read [6 minutes] Land Owners Take The Long View In Acquiring A Future Assemblage Coop Apartments Subject To A Ground Lease Have Lower Prices And High HOAs The Periodic Land Value Resets Tend To Force The Coops Into Default After going heavy metal rock and roll yesterday, it's now time to be wonky, so here goes. The land under a coop apartment building, when owned by someone...