Daily Archives: January 26, 2009
Charles Ponzi would be very proud
Everyone wants to be a Ponzi artist. As the high water recedes and exposes what’s been just below the surface, we’re discovering new frauds every day – bad markets will do that. Here’s another $350 million (ho hum) scam. The … Continue reading
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New Canaan developer Richard Girouard heading to prison
Girouard, his attorney and a bank officer conspired to rig bids on foreclosure sales and they got caught. Unfortunately for Greenwich, which has plenty of its own bad boys, thank you very much, Girouard moved his office to Greenwich just … Continue reading
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Here’s a paper that deserves oblivion
The New York Times has settled a copyright suit and agreed to stop sending a rival web readers. Some paper I’ve never heard of and now never will sued the Times’ Boston Globe for linking to its stories and including an opening … Continue reading
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There is a God, and he doesn’t like Al Gore
But he sure does have a sense of humor. Former VP scheduled to testify on how he’d run his 110 foot houseboat on biodiesel, if he had biodiesel, but ice storm predicted to cut him off.
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The judge says, “keep your money”, but the Noels are spending it
Guest of a Guest reports that at least one of the Fabulous Noel Girls isn’t letting an icky-poo situation like her father’s impending bankruptcy spoil her fun. Mickey and Judy put on a show in times of trouble – these … Continue reading
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You can never be too obvious
Because there are people out there who refuse, absolutely refuse, to accept reality. I recently advised a friend on a price opinion he was preparing and between the two of us, came up with a brutal, but honest price that … Continue reading
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Living on spongecake and dreams
There was a time, not so very long ago, when property on Cedarwood Drive, in the heart of the realtor-coined “Golden Triangle”, sold in bidding wars for far more than asking price. Perhaps remembering that time, the owner of 25 … Continue reading
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Boom goes London, boom Paree
10 Greenway Drive, a 2006 house off of Pemberwick, sold in a bidding war last time it went up for sale: $2,022,500 for an asked-for price of $1,995,000. The winner probably now wishes he’d come in second because he’s just … Continue reading
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Prison yard sale
It’s like a plain old yard sale, only different, and perhaps more fun. We’ve written previously about Dominick DeVito and his troubles with the law (check the search feature over to your right). His propertyat 518 Round Hill Road is … Continue reading
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What do you do when your neighbore – er, “strands” you?
Like this dirt pile? Looks nice, doesn’t it, the perfect place to build your castle? Well it is nice, but no one liked it enough to buy it as it sat on the market for months and months at $3.295, … Continue reading
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Here’s an idea for pricing your house
L. Gordon Crovitz of The Wall Street Journal has an interesting column today on what’s wrong with our banking system and, maybe, how to fix it. You should read the whole thing (it’s not lengthy) but here’s a part that … Continue reading
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“He tasted like chicken”
Sharks recall Claude Lemieux Apologies to James Taranto but if he can’t use my contributions, I can!
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Sales activity?
Rumors going around – no one wants to be specific yet – that this past weekend saw a good amount of offers made and accepted. That wouldn’t surprise me because I did see a lot of other agents out and … Continue reading
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They begged me to buy another HickeyFreeman
But I said, “why? I already have a suit.” Now I’m sorry: Hartmarx declared bankruptcy today. Blame the depression on me.
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The bloom is off the rose
The Arbor Rose condos on E. Elm Street keep plugging along but the rest of the Milbank Avenue condominium land rush seems to have ebbed. Newly constructed condos, including a pair priced at the improbable level of $5.9 million are … Continue reading
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This is actually good news
From today’s Wall Street Journal: “Home resales rise as prices tumble”. It’s good news because it shows that buyers are still willing to purchase homes. They’re just worried about over paying and don’t want to pay one price now only to … Continue reading
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What’s happening to Milbrook prices?
Not much, now that you ask. I keep seeing some substantial price reductions including 114 Overlook, purchased a few years ago for $1.896 million and now asking $1.749, so I thought I’d check to see whether we were seeing a … Continue reading
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Going back 5 years for new asking prices
This Riverside house sold for $2.995 million in 2004. It came back on the market today asking $3.095. Even assuming a minimal amount of negotiation, and I’d expect there would be more than that, we’re back five years. Probably more.
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