Daily Archives: February 23, 2009
Is there a correlation between this statistic and home prices?
Take-out beer sales fell 14% last quarter. I’m sure someone’s tracked the performance of beer consumption, the DJI and home sales, but I can’t find it.
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Stimulating Gaza
$900 million of our money will go to rebuild Gaza so that those happy folks can send more rockets into Israel and get trashed again. Well why not? The Stimulus bill proved, again, the contempt with which Congress views us … Continue reading
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Seller price guarantees?
Hyundai is offering car buyers a guarantee that should the buyer lose his job he can return the car within a year and be relieved of further obligation under his lease (or some thing like that – check with a … Continue reading
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Low end houses
I get this complaint frequently and my answer’s about the same as my blogger friend John Schneider in Tucson but since he just said it on his blog, I thought I’d steal it. February 20, 2009 … your blog focuses … Continue reading
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Green nonsense
This eco- realty silliness has spread to Tucson. John Schneider writes in his own blog, Tucson Foothills: going green It’s getting really tiring. Between the NAR and the local real estate schools we’re bombarded with ads to ‘go green’ and … Continue reading
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Attention Techies
Does something bad happen if the index drops below 7,000, as it appears to headed? I know that techs love discussing floors and that sort of stuff but I don’t know whether 7,000 is such a floor. I’ll bet some … Continue reading
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25% Off
This place up at 306 Taconic started at $3.650 million in May of last year and dropped to $2.750 today. A 25% reduction seems to be the new 5% although so far, it’s not helping much. Still, at four acres, … Continue reading
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Why can’t people learn to apologize?
Some dumb Senator shot off his mouth over the weekend and predicted in a speech that Justice Ginsburg will be dead in nine months “because she has cancer. The bad kind of cancer that you don’t get better from”. The … Continue reading
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Two Newspapers in one!
More money from trading fees gives banks a good start Bank shares drive down market
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After 885 days, 59% of asking price
10 Shelter Drive, Cos Cob, was listed for $2,993,100 (?) in September, 2006. It finally sold today for $1,762,500. That’s a hideously long time to have your life disrupted, your house kept in showing condition and your move to a … Continue reading
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Dividends drop, stock value disappears
S&P still too high, once loss of dividends is figured in. Funny thing: the pols are stressing how much they’re going to punish Wall Street with new taxes and regulations, and the market’s tanking – down 170 points today and still … Continue reading
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Here’s another brilliant idea brought to you by Hartford
So Greenwich became the hedge fund capital of the east coast and income taxes from this small town pay 11% of the state’s budget. Hartford has a problem with that first part so wants to impose new regulations on the … Continue reading
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Hey hey, Meet the Monkees!
One of them, anyway: Pope names Dolan New York ArchBishop.
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Condo sale
Here’s a snapshot of the Greenwich condo market from 2003 til now, at least for this two-bedroom unit at 15 Palmer Street in Cos Cob. It sold for $350,000 in August ’03, sold again four months later (those were the … Continue reading
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Odd moments in real estate pricing
So let’s say that back in 2005, you renovate a house in a geographically challenged location in Cos Cob and list if for $1.850 million. It doesn’t sell, even though you drop its price (slowly) to $1.565 and the listing … Continue reading
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Phone calls I haven’t made
I received the following email from the Demmerkrats today. Love the part where, because of the Stimulus Bill, “2 million Americans will be lifted from poverty”. I seem to remember something similar promised about LBJ’s War on Poverty. How’s that … Continue reading
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Byram
This 1942 Cape has been reduced to $479,000 and “invites all offers”. It’s an estate sale and is described as a “handyman’s special” which is usually realtor-speak for tear-down but at the right price and in the hands of someone … Continue reading
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Transportation Values
A commentator touts the Mercedes AMG 65 as the way to go in wheels but at $185,000 base price, I think I’ll give it a pass. Best buy I ever made in this field was a 1956 BMW one-cylinder 250cc … Continue reading
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Jobless recovery predicted by Bernake
No new jobs for awhile, he is reported to be prepared to tell Congress. Some in Congress are hopping mad - they passed a law saying this couldn’t happen, Goddammit! The Federal Reserve chairman, delivering semiannual testimony required in legislation written by the … Continue reading
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Finally, some hope for suffering Mercedes owners
Diesel Mercedes owners, at any rate. The collapse of world trade has meant a big drop in demand for diesel fuel and it’s expected to drop below the price of gasoline soon. My poor little brother Gideon has been paying … Continue reading
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