I contend this house-swaying performace at the Apollo Theater earlier this year, purporting to feature soulful everyman Brad Prowley ("real life homeless man . . . who makes a living singing classic R&B songs on the streets of major cities not just to get by, but out of a true, life-long passion for music"), actually showcases this man in disguise. You be the judge.
posted to MetaFilter by azaner at 11:58 PM on July 15, 2007 (71 comments)

Question from a first-time house seller. My wife and I recently bought our second home without having sold the first. Although we and our agent feel that the house for sale is priced extremely reasonably and appropriately, it's been on the market for five months now. We have the financial capacity to continue paying for both houses indefinitely, with no need for a bridge loan, so that's not the issue per se. The question is, however, at what point does this process become an unacceptably bad deal, financially, and how do I calculate that? Or has it passed that point already? In other words, do the past five months of payments on the first house essentially represent money down the drain? Say each monthly payment on the house that hasn't sold (including mortgage, taxes, insurance, and utilities) comes to $2K. Does that effectively mean we might just as well have set the price $10K less five months ago? In which case we should be dropping the price now, and each month from now on, in an effort to stop the bleeding? I don't notice other sellers dropping their prices with every month that goes by, but the fact remains that since we've only owned the house for four years, we're building up practically no equity each month to "recover" when it finally sells. So it seems like the money's just evaporating. Maybe we get to deduct the taxes and interest from our income tax (or maybe not), but even if we do, it seems to me that there has to be a mathematical point at which it becomes pure damage control. And we may already be well past that point. I know we're not the only people who've ever been in the position of carrying two houses for a few months--it must happen all the time--I'm just not sure what the conventional wisdom is on handling the situation. Any advice would be appreciated.
posted to Ask Metafilter by azaner at 3:18 PM on August 9, 2005 (14 comments)