Daily Archives: October 10, 2008

Meet a mortgage broker from Greenwich Bank & Trust Thursday, October 23rd
Diane Dutcher, an agent who’s always dreaming up bright ideas for her listings, has arranged for a banker to discuss what’s happening with mortgages these days (not all bad, or I presume the lady wouldn’t agree to spend an evening talking about it). Details are in the link below but basically it’s being held at 9 Boulder Brook from 5-9 PM, some form of food and beverage provided and of course, a chance to inspect the beautiful house built by Diane’s client, York Construction (and an excellent firm it is), asking price, if memory serves, around $6.75 million. Temporarily a little short of cash? Come anyway for the information – Diane’s not the type to lock you in a closet until you agree to buy (or if she is, she’ll let you out early enough the next morning that you can still catch your train.)

Call the number on the linked flyer for a phone number to call – you don’t want to arrive at 5 and learn that the dancing girls and wine aren’t scheduled until 8!

Update:
Okay, that link didn’t work, so here’s what it says:
SECURING A MORTGAGE AMID THE BAILOUT
What the Financial Crisis Means to You… And How You Can Still Secure a Mortgage

Come hear personal mortgage banker Lisa Edson from Greenwich Bank & Trust talk about the financial bailout and mortgages and what that means to homebuyers in the Greenwich market
Also view the recently completed Classic Georgian style home by York Construction & Development. 8,600 square feet of fabulous living space, 6 bedrooms and ensuite baths, gourmet kitchen, media room, wine cellar, exercise room, and more, located in the “golden triangle” of mid-country Greenwich.

Open House: 5:00 – 9:00 p.m., Thursday, October 23

Mortgage Presentation: 7:00 p.m.

Light refreshments and hors d’oeuvres will be served

9 Boulder Brook Road

Greenwich, CT 06830

Free and Open to the Public

Call 203-698-3460 for more information

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Don’t you dare hurt that plant’s feelings!
It’s illegal in Switzerland.

ZURICH — For years, Swiss scientists have blithely created genetically modified rice, corn and apples. But did they ever stop to consider just how humiliating such experiments may be to plants?

That’s a question they must now ask. Last spring, this small Alpine nation began mandating that geneticists conduct their research without trampling on a plant’s dignity.

The world’s going to end soon, one way or the other.

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The blame game
I like this WSJ’s columnist’s idea: put Chris Dodd under oath and in the witness seat. I’d like to see his pal Barney Frank in the same chair with him, goosing Connecticut’s senior Senator every now and then.

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Okay, this kind of sucks
Real estate impact to be “massive”.

“I don’t think anybody has lived through what we are living through right now unless they are 100 years old. The magnitude is so massive,” said Tim Ballard, chief investment officer of Buchanan Street Partners, a Newport Beach, Calif.-based real estate subsidiary of The TCW Group Inc. of Los Angeles.

“This will affect … job growth, consumption and other things. The [savings and loan] collapse did not have nearly the same effect,” he said.

Commercial real estate is in the second or third inning of a game that might go into extra innings, industry insiders said.

The article is about commercial real estate not residential but the basic themes: no loans, need to sell, etc. are roughly the same. Note the good news buried deep within, however: there will be buying opportunities for those with access to funding.

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So if I can’t sell houses in this market,
maybe I’ll rent them.

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340 Stanwich Road
Nice house but …
This house has been on and off the market since April 2006 for $4.295 million. The seller is obviously convinced that she, not the market, knows the right price so she’s stuck to her guns despite being unable to sell it. Until today, when she lowered the price 7%, to $3.995 million. It’s lakefront (well, pond front, but we realtors have never in our lives seen a mere “pond”) and very nicely finished inside and so, … we’ll see.

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The People’s Paradise is rationing food

Well of course, they’ve always done that under Castro, except for party officials (attention liberals – don’t let this interfere in even the teensiest way with your admiration for this Island heaven) but I guess things are getting tighter. I blame Bush, naturally, but at least every individual (or family, who knows?) is allowed to buy two whole pounds of lettuce. Our own collectivists must be green with envy.

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