In a move certain to strike fear into the hearts of all Greenwich real estate agents, Goldman Sachs CEO Lloyd Blankfein is urging employees to eschew any large purchases while the kerfuffel over GS bonuses rages. Of course he doesn’t mean huge houses, my merry bankers – those are investments, not purchases, remember? Trust me on this.
Daily Archives: August 4, 2009
Hezbollah stockpiles 40,000 rockets next to Israel. Fortunately, the UN is on the scene and has already expressed its concern.
All sides agree that the threat is not a bluff. Last month the scale of the Hezbollah build-up was revealed after an explosion at a huge Hezbollah ammunition bunker in the village of Khirbet Slim, 12 miles from the Israeli border.
Surveillance footage, obtained by The Times, reveals that Hezbollah fighters desperately tried to salvage rockets and other munitions from the site, while obstructions were placed in the way of Unifil peacekeepers coming to investigate.
Alain Le Roy, the head of UN peacekeeping operations, told the Security Council last month that the ammunition explosion amounted to a “serious violation” of UN resolution 1701, which imposed a ceasefire and arms ban after the 2006 war.
“A number of indications suggest that the depot belonged to Hezbollah, and, in contrast to previous discoveries by Unifil and the Lebanese Armed Forces of weapons and ammunition, that it was not abandoned but, rather, actively maintained,” he said.
Sounds hokey and way too smarmy for this blog and I’m mildly embarrassed to do this but heck, I’ve got readers and I have two houses to sell in Riverside, neither one listed, that I think are good deals. So I’ll do it. Send stones through my windows, if you wish. One is $3.7, great location great land, views, and (big) newish (2005) house, the other’s $1.5, needs work, great location, workable house for someone content with (gasp) 8 foot ceilings. If interested, you know what to do. I prromise not to flog these again.
White House ignoring Birthers’ claims about Obama’s Kenyan citizenship. Yup, this seals the deal for me alright. I mean, they ignored the truth about Cheney Bush setting incendiary charges in the Twin Towers, right? RIGHT???!!! I rest my case – off to de-fluoridate my water.
The lady who killed her kids, relatives and passengers in the car she hit while driving on the wrong side of the Taconic was dunk (0.19 BAC) and stoned. I don’t suppose it would have made any difference, but I was hoping that she had suffered a stroke or was otherwise impaired from a more innocent cause. Damn her.
Two jouranlists freed by NoComs. That makes one Clinton who’s done something useful this year.
FWIW’s staff photographer Edgar Martins followed young Madoff out to Colorado and captured this picture of the scoundrel, new face and, of course, huge fish. Although you can’t see her, Catherine Hooper is hiding beneath the boat. Still looks good, according to Martins and far better than Andy does with his new disguise.
One of my kids’ favorite books was called “Would you Rather?” and offered choices between, say, an ice cream sundae and a bowl of slug stew. Great fun, and I was reminded of it today when I saw a price cut reported for a house at 36 Dandy Drive. It looks like a lovely house and it was first priced at $1.595 a year ago, and dropped to $1.4 million today. Here’s the problem, as I see it: it was renovated ten years ago in 1997, has 4,268 sq.ft. on 0.43 of an acre, and is assessed at $887,000. Number 7 Dandy Drive, on the other hand, recently sold for $1.850. It was new, built in 2008, had 5,720 sq. ft. on 0.28 of an acre and, while the assessed value isn’t readily available, is probably valued a lot more than 36 Dandy. Clearly, someone who is stretched as far as they can go at $1.4 million can’t buy a house for $450,000 more, but I think the existence of the 7 sale will hold down the value of 36. Or not – the seller obviously doesn’t think so, and more power to her.
This iddy-biddy (1,200 sq.ft., 3 bedrooms, 1 bath) cottage on Grove Street was listed in May for $850,000 and went to contract in just twelve days. Closed yesterday at $835,000. Assessed value is just $500,000 or so. Grove’s a nice street, the house is in good shape (renovated in 2003) but I’d say we’re on our way to establishing basic shelter value in town and that price is well above where I expected it to drop. Good for sellers but buyers in the lowish end, you might want to revisit some houses you’ve looked at and passed on, waiting for them to drop. This may be temporary but, for now, the price for a decent starter home in a decent neighborhood seems to be settling in in the 8s.
The White House counsel is getting the boot, thetop cyber security aide has quit in frustration, and now Treasury Secretary Geithner has taken to corralling all the independent regulators like Bernake, Shapiro et als and cussing them out in obscene profanities. I don’t think they’re having as much fun at 1600 Pennsylvania Avenue as they thought they would.
So stop complaining!
25 Field Point Drive (ML# 72939) came on in February, 2007 for $12.5 million, slowly dropped to $10 million and is reported under contract today. Lovely old house. Assessed value is $6.1 but I suspect it will go closer to asking than that. The money is still around and some people are spending it.
9 Roberta Lane, new construction (ML# 73090) has been reduced from $3.595 to $3.390 today. I’m sure it’s a nice house but I’m queasy about even the new price on this street. Someone has to be a pioneer, but my mother’s grandparents were and they were killed in the Great Meadows Massacre, sponsored by the Mormons. There’s a Mormon church in Greenwich, I believe, but not on this street. Still, can’t be too careful.