Daily Archives: February 5, 2009
Hearst appoints same publisher for Greenwich Citizen, Greenwich Time
Following up Monday’s firing of John Dunster as publisher of Greenwich Time, Hearst has now put the publisher of the Citizen and all other regional editions of the Hearts-owned Brooks Community Papers in charge of Greenwich Time and the Stamford … Continue reading
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Stop me if you’ve heard this one before.
Fannie Mae will loosen credit requirements for home mortgages. No, that’s not from a five-year-old paper, that’s today’s Bloomberg news. Feb. 5 (Bloomberg) – Fannie Mae, the mortgage-finance company under U.S. government control, will loosen rules for homeowners seeking to lower … Continue reading
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Stimulus for the Blog that ate Chicago
The stimulus bill that must be passed, with no time for nitpicking, includes $2 billion (that’s with a b) for a demonstration power plant in Illinois whose technology is already obsolete. Prime mover for this earmark? Ex-Governor Blog. The man’s … Continue reading
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Realogy stumbles
The news gets no better for Realogy, parent company of Century 21, Sotheby’s, Coldwell Banker and Corcoran. From “The Real Deal” : Corcoran is owned by NRT — the nation’s largest residential real estate firm, with brands such as Century … Continue reading
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Mad Monkey’s lair discovered!
My brother Gideon points out that this house may hold the record for longest time on the GMLS: 14 years (with a few years off for good behavior). I think it’s a grand, beautiful house. If there’s any problem, I … Continue reading
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Well this would be a welcome development
From Instapundit, the next return to sanity: WILL HIGHER EDUCATION BE the next bubble to burst? If people feel that the value of a degree doesn’t justify a lot of debt, then yes. Those that will suffer most will be … Continue reading
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Make up your mind, would you?
This is a good looking house built by the owner back in 1996 and on one of the King Merritt acres, so there’s lots of space to accomodate its 5,000 square feet. It was first offered for sale for $1.195 million … Continue reading
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More Open House news
I do not travel with a bodyguard, yet, but this Walter Noel issue is certainly stirring up some passion in town. I was rebuked today by a friend of mine, a man I respect highly and like very much, for … Continue reading
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New Construction open houses
62 Ridge Street, $7.450 million, is still available, much to its builder’s disappointment. It’s a really nice house and I like its architecture, inside and out, but Ridge Street? I don’t get it and, so far, neither do buyers. This … Continue reading
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The new pricing
Back from the open house tour – mixed results. I really liked the listing I mentioned yesterday, 18 West Way, direct waterfront with terrific views in Lucas Point. Perfect downsizer, but can “downsizer” and “$4,250,000″ co-exist in the same sentence? … Continue reading
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Madoff’s List
I just posted a list, supplied by a generous reader, of all the Greenwich victims of Bernie Madoff. Direct victims – Walter Noel’s victim list will be even more painful for this town. But, upon reflection, I just deleted that … Continue reading
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How low can we go?
This guy says housing prices are falling to 1997 levels, “adjusted for inflation”. What would that look like, you ask? (Well, I asked, anyway). According to our government’s own Bureau of Labor Statistics inflation calculator, a $1,000,000 house in 1997 would, … Continue reading
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Bernie’s list – early report
Over a thousand names in non-alphabetized order, all I can do is a quick scan. I ran down backwards from p. 163 to 100 and came up with Greenwich’s own Met, Tim Teufel (at least, one Timothy S. Teufel, c/o … Continue reading
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The dawning of reality
This small cape (3 bdrms, 2 bths, 0.14 acre) north of the Post Road in Riverside sold for $780,500 in June 2005. The owners put it up for sale again in March ’08 for $850 but had no luck. It’s … Continue reading
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Prepare an extra jail cell for Peter Madoff
Yesterday we noticed that Peter Madoff forced an underling to sign off on a lease for a new Mercedes for Bernie so that the underling, rather than Peter, would be liable for the payments when Madoff Inc blew up. Seemed … Continue reading
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Bernie’s List – is your neighbor on it?
The Madoff investigators have released and the Wall Street Journal has posted, Bernie’s List of victims. Check it out – it’s alphabetical so easy to use if you know who you’re looking for. A quick scanning this morning showed why Bernie … Continue reading
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