Monthly Archives: February 2009
We all knew this was coming
But still, it’s a shocker when GE cuts its dividend, from 31 cents to a dime. Gee, this was the ultimate widows and orphans (and Warren Buffet) stock. I thought GE was a bargain back when it was at $16. … Continue reading
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Contracts this year
The market is not entirely dead. Twenty-four single famly homes have gone to contract so far this year, almost all of them at the lower end of our price range. One of note is 30 Owenoke in Riverside, purchased for … Continue reading
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Will the Euro go up in smoke?
This guy thinks so.He’s got a track record to back up his prescience on the subprime debacle but whether that says he’s right about the Euro I’ll leave to you readers who know something about all this. If he’s right, … Continue reading
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Just sayin’, II
Nice house, this. Sold: $3.00 Million 7/00 List: $4.4 Million 2/08 New Price: $2.6 Million 2/27/09
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Funniest headline of the day
From the New York Times, of course. Usually leery of their tax-and-spend label, many Congressional Democrats are open to President Obama’s spending plan. What’s so amazing is that, judging from some of my liberal acquaintances who work at the paper, … Continue reading
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Dodd Shocker – he might be a crook!
That’s what this collection of articles on the man’s financial dealings seems to indicate. Who knew?
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Rents falling – sale prices follow?
They usually do, so news that, at least in Britain, rents are dropping is worrisome to those who have hoped to see a bottoming – out of home prices – that would be all of us property owners. The rent/sales … Continue reading
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Just Sayin’
Sold: $2.250 5/04 Sold: $2.495 7/06 Ask: $2.695 4/08 Ask: $2.095 2/27/09
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Good bye, RBS
Royal Bank of Scotland reports largest corporate loss in British history, plans to give British taxpayers parting gift of $466 billion of now-worthless assets. What’s going to happen to their unfinished headquarters in Stamford, eh? The bank, which is already … Continue reading
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They’ve banned light bulbs and coal – now they want us to wipe our asses with pine cones
The holy roller church of global warming and human starvation has a new target: toilet paper. Unlike our Arab neighbors, Americans use paper instead of their left hand to clean their bottoms and the eco-freaks have just discovered that paper … Continue reading
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Nifty story – warning – nothing to do with (modern) real estate
13,000 year-old-stone tool cache found in Boulder, Colorado. Stone tools found in Boulder, Colorado were used to butcher camels and horses 13,000 years ago, before the beasts became extinct in the region. The Clovis culture is believed by many archaeologists … Continue reading
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A contract, in just 120 days
Nice house, under contract as of today. Sellers paid $2.3 million for it in March 2004 and listed it for $2.595 when placing it back for sale last year. I hope they made money on their deal but I’m just … Continue reading
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Alright you financial wizards
This chart shows long term Treasury bonds outperforming the S&P by a huge margin for decades. Given the inflation headed our way, do long terms make sense or will stocks do better? Inquiring idiots want to know.
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NYC bloggers ruin real estate market
Stung by news that real estate prices are dropping, NYC buyers are walking away from six-figure deposits. ”It’s not true,” New York realtor Mortimer Duke wailed, “it’s just not true. Turn those machines back on! Turn them on!”
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So this is what my fellow realtors have been eating
I thought I’d check up on the current rental situation. We have 441 rentals (condos, co-ops, single family) on the market, ranging from $950 to $55,000 a month for a beautiful house at 414 Round Hill Road. In the past 90 … Continue reading
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It’s come to this
Susie Costaregni’s gossip column is returning to Greenwich Time, beginning on Sunday (or maybe a future Sunday – I don’t recall). My life was not diminished when she left the Post and I no longer knew where Regis was dining … Continue reading
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Greenwich sales inventory
We currently have 603 single family homes for sale, (compared to 505 this time last year). With 31 sales/contracts in the past 90 days, that’s a 58 month inventory. We have 100 homes for sale that were built in 2007 … Continue reading
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Obama pushes middle class to the right
He’s not going to be able to achieve what he wants without savaging the middle class – sorry, pal, but the rich aren’t rich enough to fund your dreams. WSJ: President Obama has laid out the most ambitious and expensive … Continue reading
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Bloggers unite!
Bloggers and unions combine forces to push Demmerkrats (further) left. Let’s push back, eh?
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