14 Post-Recession Real Estate Terms, Translated

From Tara-Nicholle Nelson, Broker in San Francisco, CA

"By now, you?ve probably heard the age-old rules of thumb about translating home listings from real estate lingo to plain English: ?cozy? = tiny, ?needs TLC? = needs massive repairs, and ?all original details? could mean beautiful moldings or moldy linoleum, depending on the home.

Almost everything about the real estate market has changed over the last few years, though, so we thought it was time to provide you with an updated real estate lingo decoder that accounts for those changes in the market. "

14 Post-Recession Real Estate Terms, Translated

Groucho on Florida real estate

Groucho Marx, from the film, The Cocoanuts:

"Eight hundred wonderful residences will be built right here. Why, they?re as good up, better. You can have any kind of a home you want to. You can get even get stucco. Oh, how you can get stucco. Now is the time to buy while the new boom is on. Remember that old saying, ?A new boom sweeps clean.? And don?t forget the guarantee."

Groucho lost $240,000 in the stock market crash of 1929. He later joked that "I would have lost more, but that was all the money I had."