Daily Archives: July 22, 2009
If she’s for it, I’m against it
Obama: “Stars are aligned for health care”
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Banks and shadow inventory
The WSJ asks, “are banks holding a shadow inventory of homes?” It’s an important question because of the effect a flood of new inventory priced below current inventory would have on prices. The Journal reaches no conclusion, nor do I have … Continue reading
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NYT fact check: Obama’s health care claims aren’t true
What? That’s certainly news to me!
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This could be a problem, or not
Morgan Stanley’s glomming on to 72% of revenues to pay itself bonuses. I know nothing about the company, for instance, do they even have revenues? I’m pretty sure they don’t have profits but then, neither does Hollywood and folks out … Continue reading
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Yeah, but that’s before Dick and Cathy hold their tag sale at 717 North
Ebay profits down 27%. You wait and see – the market for Lehman trinkets and used bedsheets is going to be huge and push this puppy back in the black in no time. And if the Fulds team up with Ric … Continue reading
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“New” kitchens at Green Demolition
I post about these guys from time to time but they’re having another sale so I thought I’d do it again. Green Demolitions takes unwanted kitchens and such from houses undergoing renovations and puts them up for sale at their warehouses … Continue reading
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Would a real estate agent lie to you?
A friend of mine shopping for house in New Canaan says that his agent there claims all is rosy, there are 80 houses under contract and prices are higher than last year. Well … gee. I don’t have immediate access … Continue reading
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Old Greenwich south of the village
This neighborhood is still strong, especially in the under $2 range, and I doubt it will ever lose its appeal to young families. This very nice house, a tad small and on an even smaller lot, is on a good … Continue reading
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Contracts vs. inventory
While absolutely nothing is happening today, I thought it would be educational to look at single family houses currently under contract. There are 40, broken into (asking) price ranges as follows, with available inventory to the right: Under $1: 9 … Continue reading
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The Gore Effect strikes home
Coldest July 21st ever in Gore’s hometown, breaks 1877 record. I blame polar bears.
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Serious about his price, if not about selling
This place near the end of Steamboat Road is a 1905 cottage with direct waterfront and a dock on 0.3 of an acre. It was listed a year ago for $6.4 million and found no takers so this year the … Continue reading
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But will the bastards cut the airfare? Not.
Massive quake moves New Zealand closer to Australia. I seem to recall that the U.S. is moving closer to Great Britain by something like a full 3″ a year. I learned that in 1976 and I have yet to see airline … Continue reading
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Some people are so stupid it’s hard to feel sorry for them
Back in 2003 an odd parcel of land in the westernmost reaches of town was put up for sale at $1.2 million. I saw it and wondered who the hell would pay that much for such a clearly unmarketable location … Continue reading
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When does 175 Round Hill Road hit the market?
Madoff trustee Picard in settlement talks with Fairfield Greenwich Group. As noted earlier today, Noel’s Fairfield Sentry Fund was dissolved yesterdayin the British Virgin Island, Attorney Boies is just one of dozens of lawyers clawing their way up the road to … Continue reading
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This only works in Greenwich, dummy
Man arrested in Harlem for brutal murder, claims victim paid him to help commit suicide. Reached for comment by staff reporter Edgar Martins, Greenwich Police Chief David Ridberg was sympathetic. “Oh Jeeze, that poor guy,” he said. “But that’s what happens … Continue reading
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Remember when you voted for “hope and change”?
Via Instapundit: CONGRESSIONAL QUARTERLY: Pelosi’s Door Revolves for Top Lobbyist. “The revolving door is wide open in House Speaker Nancy Pelosi’s office just two years after she promised to crack down on the practice of congressional aides moving into lobbying … Continue reading
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Assuming that, like sharks, house sales have to keep moving forward or die, this could portend our future
Dead shark left on streets of Miami after it fails to sell
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Another old chestnut
This 1930 carriage house has been kicking around the market for years, sometimes selling, sometimes not. It sold for $825,000 in 1996 and was relisted, unchanged, for $3.150 in 2004. That didn’t work so well but in 2007, after dropping … Continue reading
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New listings in July
In July, 2007, 59 new single family homes were listed. That number was 78 in July, 2008 and, so far this month, as of July 21, we’ve seen 58 come on. Just if you were wondering.
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