Daily Archives: May 6, 2009
This just in: Bernie Madoff was a crook!
He passed out investors’ money to all his family and spent most of it on himself. No sign yet of the Madoff boys’ houses on Tomac or Cherry Valley being put up for sale, but my guess is that they’ll … Continue reading
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The Madoff Trustee speaks: “Brace yourself, Bridget”
What you get is the cash you put in less the cash you pulled out, period. No profits allowed because there were no profits so if you took out what Bernie said you’d “earned” and spent it on your kid’s college … Continue reading
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Iran – if war is not the answer, maybe we’re not asking the right question
Mine’s pithier, but Shimon Perez says, overreaction is better than underreaction.
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Market activity?
Lots and lots of buyers out there, and lots of stubborn sellers. One guy proudly announced that “19 people viewed this house in just the past two weeks”. Does that tell you that a buyer is about to pay the … Continue reading
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Universal health care a drag on the economy
That’s kind of a duh conclusion – you can’t pull money out of productive use and redistribute it to the idle class without paying the price – but you wouldn’t know it from listening to our president and his allies. … Continue reading
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Price cuts
Here’s a large house that came back on the market for $3.99 million, a full million dollars less than was asked for it back in 2006 when it failed to sell. I would have preferred to see the $3.99 price … Continue reading
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Buyers
If my own practice is typical, there are a lot of buyers suddenly interested in Greenwich property. I think that’s due to a sense that the market is settling, an improved stock market (even if only temporary) and a general … Continue reading
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