Monthly Archives: February 2009
The debate is over!
In Japan, at least – their scientists comparing global warming “science” to astrology. For the 70% of Americans who read their horoscope, that’s not particularly damning but among scientists, it’s a harsh bud, dude. To summarize the discussion so far, compared … Continue reading
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More on Manhattan Real Estate and the coming implosion
And all with n’ary a mention in this blog! The commentators seem to share the sentiments of many of this blog’s readers, though.
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25% off – “Looking better, Billy Ray”
I liked this house, but not its price, when it came on a year ago at $3.695 million. It’s down now to $2.795 and is looking better. Nice neighborhood beach on the Mianus right across the street, good details inside. … Continue reading
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No wonder papers are getting thinner
From Greenwich-Post’s “Off the Market” section: Feb. 10 to Feb. 19 Thursday, February 26, 2009 There were no property transfers recorded in the office of the Assessor between Feb. 10 and Feb. 19.
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Stay where you are and sell your house?
That’s what elderly Italians are doing. Strangers buy the house and let the oldster stay in it until she dies. Ages are disclosed so I suppose it must be a rather ghoulish buying decision: “Let’s see, an 89- year old widow … Continue reading
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the Noel family and its connection to the Douglass family?
A magazine writer has written requesting any information I have on this – I have nothing – as I recall, someone posted about the connection so I put it up on the board. If you have details, and care to … Continue reading
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Banks lied, markets died
Or something. It’s that time of year again where banks have to come clean, a little, about what’s on their books. It’s not pretty. If I understand it, and I don’t, banks are allowed to keep bad loans on their … Continue reading
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Here’s something to take your mind off Greenwich real estate prices
The world’s running out of water. Or water where it’s wanted, anyway. This is, of course, old news. Folks have been warning about the draining of the Ogallala Aquifer, which supplies a huge area of our western states with water, for … Continue reading
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I didn’t say this, the Christian Science Monitor did
Real estate bottom sighted in many areas of the country But not all (and not here, yet, I don’t believe). Here’s the part I like: “I think house prices will be done declining within the year,” says Morris Davis, a … Continue reading
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Greenwich realtors
There are some terrific real estate agents in town, men and women who are honest, capable and loaded with common sense. Just to pick one “competitor” at random, Shore & Country in Riverside has a stable of such people and they’re … Continue reading
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Zombie banks
The Fed TARP program has created “Zombie Banks” - financial institutions that have too much toxic debt to live yet are still walking around. The zombies,according to this Wall Street Journal article, are afraid to sell these toxic assets at their … Continue reading
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Maybe they’ve all moved to Greenwich
Wall Street abandons NYC skyscrapers. I guess if you fire 177,000 workers you don’t need all that space – a cozy little nook in Greenwich should accommodate the huddled survivors.
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It’s a bailout for everybody!
San Francisco high end home owners need our love, to, and she’s going to provide it San Fran pol expands mortgage bailout bill Everybody in the pool! After reading an article in Monday’s Chronicle indicating that many people holding the … Continue reading
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NYT: Auctions come to New York City luxury housing (or vice versa)
It took awhile, but NYC housing has discovered the downturn. And Do I Hear $2 Million? No? $1 Million? Sold! Published: February 25, 2009 As housing prices around the country began to tumble about three years ago, the New York … Continue reading
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Ah, but the election’s over!
Reader Kidding Really sends this link to a wonderful video of Democrat pols defending Franklin Reins, Fannie Mae and Freddie Mac and denouncing as a witch hunt Republican attempts to regulate them. From 2004.
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Are Paul Greenwood and Stephen Walsh our latest Greenwich Wall Street scam celebrities?
They’re coming fast and furious, even if this one involves just a piddling $550 million. NEW YORK — Two New York fund managers were arrested on charges they misappropriated $550 million, alleging they used funds invested by charities, university foundations … Continue reading
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$634 billion in new taxes on the rich
Health care for all, and we’re just beginning to have fun!
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Real estate blogging
I just heard an earful from an angry builder, upset that my negative tone was hurtful and, more important, hurting sales of spec houses. I don’t take responsibility for the collapse of sales here in Greenwich – the economy is … Continue reading
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Octomother blames recession for people’s negative impression of her
It couldn’t be because taxpayers don’t like supporting an unwed mother of six who has eight more children, could it? Nah, says Mom.
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Buying the most expensive house on the street
John Schneider, my friend in Tucson, thinks it’s a poor idea and his reasons seem as applicable here as they do out west.
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