Monthly Archives: April 2009
Brought to you by your government and the UAW
Older readers may remember the FIAT, which was run out of this country in 1978 or so because even Americans used to Detroit junk wouldn’t buy the horrible things. Poor quality was legendary – FIAT’s parting gift to these … Continue reading
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Chrysler bailout – a very bad idea
As this WSJ blogger points out, Chrysler is bankrupt for the very good reason that they build awful cars Did you watch the president’s press conference on Chrysler? It had an unhappy, foreboding air. No standing American president should be … Continue reading
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It’s official: Marisa Noel’s NYC cottage is available
Just $11.5 million. I always recommend to buyers that we do a little digging on a seller to find out if, say, they’re under any pressure to sell. That would probably pay dividends in this case.
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Madoff market-making unit sold for $25 million
That’s $10 million more than originally bid, but quite a bit less than the “hundreds of millions” Bernie himself said the company was worth. Of course, Bernie had some difficulty estimating the value of a number of his assets.
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(Some) Hedge fund managers shrugged
Three hedge funds owed money by Chrysler rejected the government’s effort to force them to accept the Chrysler bailout deal. Obama’s furious. A person at a hedge-fund firm that owns Chrysler loans, speaking anonymously, told Dow Jones Newswires that the … Continue reading
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Senate rejects mortgage cram downs
The bill, which passed the House by a huge majority, would have given bankruptcy judges the power to reset mortgage rates and principle amounts. The Senate will no doubt be accused of caving in to the banking interests but the … Continue reading
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As though Obama doesn’t have enough on his plate
General Petraeus warns of disastrous results if Pakistan falls to Taliban – could happen in two weeks. Petraeus has always struck me as a pretty cool dude so if he’s worried, so am I. (Hat Tip, Instapundit)
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This would stop threats from angry drunk builders but it seems a tad overbroad
Our government at work: bill proposed to expand law against internet users, this time to make it a felony to cause severe emotional distress. Seems like a lot of home sellers in greenwich could have a cause of action against … Continue reading
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(From Just One Minute)
They told me that if I voted for McCain I’d have an idiot for a Vice President and they were right!
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Fan mail from Alabama
Owed you an email for a month or so to say thank you. My parents/family owned a condominium west of Pensacola, Florida for 20+ years which we sold in March ’09 – after reading your blog I realized how important … Continue reading
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Seller’s remorse?
Just had a proposed deal founder over a 7% difference between what my buyers’ mortgage lender had approved and what the sellers “needed” for their house. I understand: just as buyers hit a ceiling and can go no higher, sellers … Continue reading
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How much will quality building bring?
147 Hendrie Ave. Rvsd This new spec house by York Builders came on today at $4.250 million. York is a great builder and this is bound to be a fine house, but with what I guess is 5,000 sq. ft. … Continue reading
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Sales, price reductions
136 Cat Rock, that bank-owned flop originally listed in 2006 for $3.665 million, sold today for $1.505. I think they still overpaidm, but the 70% assessment shows $1.606, so perhaps the buyer did alright. 18 Baliwoods, originally listed in 2007 … Continue reading
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Swine flu Cure
Exciting news for all readers who have been concerned about the swine flu pandemic sweeping the world and threatening your loved ones. This blogger has teamed up with none other than our regular contributor Walter Noel and offer, for the … Continue reading
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Every then and now
1 Stonehedge Sold 7/95: $700,000 Sold 4/09: $900,000 Chris Fountain tax assessment rule of thumb rule: 70% : $886,000
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Down down down
Buyers are swarming – my pal Frank and I have a ton of them, all looking for – surprise! – bargains. In the meantime, sellers are maybe getting a tad more realistic, slowly. As they do, we’ll start seeing sales. … Continue reading
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Houses: a depreciating asset?
142 Cat Rock This Cos Cob home sold new for $4.050 million in June, 2005. The buyers tried reselling it for $5.450 two years later and now are trying agin, this time at $3.690.
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Cool!
This guy says that the key to prospering in the coming end of civilization is to have a sailboat and use it for trading. I’m temporarily out of boats but if the world does come to a crashing halt I … Continue reading
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The infallibility of bloggers
Clusterstock’s Joe Weisenthal at 4:50 PM: Why Ken Lewis will win the vote. The fix is in! Joe Weisenthal at 5:43 PM: Ken Lewis booted! I hope you’ll remember this display of unerring accuracy next time you’re tempted to question … Continue reading
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