Philip Grant: The credit-lending labyrinth

From Almost Daily Grant’s:

Metaphor overload

From Wednesday’s edition of the Sacramento Bee:

A fire-gutted house in Silicon Valley has hit the market for $800,000.

While that might seem a tad pricey for an uninhabitable, burned-out hulk, Realtor Holly Barr told KTVU the price reflects the value of the property, not the ruined house currently occupying the lot. The house burned down two years ago.

A post Monday on the Willow Glen Charm page on Facebook lists a $799,000 asking price. Barr told KTVU she’s already received at least 10 offers and expects to sell the property in the next few days.

On the bright side, the house’s foundation is still intact and no landslide threatens the property. So too, can a prospective buyer factor in cheap moving costs. It’s basically a steal!

Lending labyrinth

It’s still early, but 2018 could thus far be termed, the “Year of the Whipsaw.” As the major equity



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