Daily Archives: June 3, 2009
Treasury Secretary can’t sell his Westchester home
Tim Geithner can’t sell his home, even though he’s dropped the price $25,000 below what he paid for it in 2003. So today, the WSJ reports, he’s rented it for $7,500 per month. I think it’s a good thing for … Continue reading
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Ooh, I like this –
“Happily Retired Litigator” writes, Chris! This is almost good enough to lure me back to the practice! I like how the sellers don’t have enough $$$ to pay their mortgage, but have enough to ask BJ O’Rourke to threaten you. … Continue reading
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Letter to the lawyers
Re: 1038 Lake Avenue Dear Attorney O’Rourke – always a distinct pleasure to hear from a brother of the bar. I’m puzzled at what you find actionable about the posting on my blog – are you unaware that it came … Continue reading
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Here’s a prediction
Prompted by a question from IB’R, I just pulled some statistics: we have 150 spec housing units on the market, 38 condominiums, 112 single family houses. I’m unaware of a single one that is in serious danger of selling or … Continue reading
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Yet another price cut below original purchase price
173 Stanwich was bought for $1.980 million in 2003, completely renovated: new baths, kitchen, wiring, lighting, etc. – and returned to the market at $3.595 in 2007. Two + years later, it’s still for sale, down today to $1.975. Nice … Continue reading
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There will be no micro-managing of our new government owned auto companies
Congressional hearings today on GM, Chrysler’s plans to close dealerships. Just wait unti Obama’s wiz kid, a 31- year-old with no training or experience in economics or automobiles or manufacturing and a law school drop out with “great political enthusiam” … Continue reading
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ACLU outraged, demands investigation
Al Qaeda beheads British tourist. It’s a religion of piece(s).
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Here’s a guy who nailed it
CNN, May 2007: Chief economist for Standard & Poors predicts 8% decline in housing prices during next 24 months. I guess he meant to say, at least 8%.
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Price Cuts
142 Cat Rock, Cos Cob. Bought new (?) in 2005 for $4.050 million, listed for sale again in 2007 at $5.450, dropped price today to $3.395. I’m not saying that’s the right price, but someone gets the picture. Speaking of … Continue reading
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Milbrook contract
This property, asking $2.999 million, is reported under contract today. Sellers paid $3.780 for it in 2004, relisted it for $4.895 million two years later (hey, everything in Greenwich goes up, right?) and after three years of sweating out price … Continue reading
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Contract
After three years on the market and seeing its price drop from $7.275 to $4.995, 351 Round Hill Road is finally reported under contract. I always liked this house, but not its price. With a $4.5 million mortgage and another … Continue reading
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Bottom story of the day, from Greenwich Time
Locust Street sewer repair has minimal problems. Picture the poor young reporter, alone in an otherwise-empty newsroom, all his peers having long since been reduced in force, dreaming of a Pulitzer, and the stories he’ll discover to earn that prize. … Continue reading
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