Potential homeowners might spend months nitpicking and fretting over the features of a seemingly endless series of houses they could buy, but a new report from the Consumer Financial Protection Bureau claims that half of American homebuyers aren’t taking the same care when it comes to shopping around for the right mortgage, often putting themselves in precarious lending situations and missing out on savings. [More]
Nice try, Kohl’s, but we see through your game. An item isn’t on sale just because you say it is. You have to actually decrease the price. Noah writes that when he found a tag emblazoned with the word SALE, he thought this meant that perhaps the item was on sale. Don’t be silly, Noah. [More]
Pabst Brewing Company is up for sale, the New York Post reports.
Would you live in a mobile home? No? What if it were solar and wind powered, and tricked out with the latest modern conveniences and looked sharp?
One of the fun side-effects of Craigslist is that the lack of an editorial gatekeeper means it lets the crazy blossom. The newspaper Telegraph has assembled 20 of what they consider the wackiest Craigslist ads, including over 1300 Pope hats (sorry, they’re just replicas), diapers for incontinent dogs, and 300 stuffed penguins. Naturally we assume every one of them is really about sex, but maybe we’re being too jaded about Craigslisters.
Eddie Bauer is the latest retailer to file for bankruptcy, and it says it hopes to be sold outright rather than try to reorganize, refinance, or liquidate. The AP says the clothing company had “$476.1 million in assets and $426.7 million in debt at the time of the filing Wednesday with the United States Bankruptcy Court of the District of Delaware,” and that by declaring Chapter 11 now it hopes to reassure suppliers and stave off impending cash flow problems.
Here’s a perfect example of the power of the written word in advertising: Jane Hambleton’s splashy classified ad to sell her son’s car worked so well that now everyone knows she caught him with liquor in his car and sold it as punishment.