Monthly Archives: October 2009
Andres is stuck on his yacht now
Fairfield Greenwich Group shuts its office in Spain.
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Walter Noel – a brief history
A reader sent along a link to this story which encapsulates Walter Noel’s career. It’s pretty much a recap of what we already knew but isn’t it fun to stroll down memory lane? And there’s this: Fairfield Greenwich investors believe … Continue reading
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Amateur Hour at the White House
What gives with these guys? Picking a fight with Fox might be explained as an appeal to their lefty base, but Edmund Cars? Are you kidding me? The country’s got 10% unemployment, Obama wants to remake the medical industry, take … Continue reading
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I’m selling – brother Gideon, no doubt, is buying
Stocks soar, “It’s Waterloo for the bears”. Take your pick, politics, houses or stocks. I’m a contrarian by nature and when the same idiots who brought us Y2K, BioTech, Dot.Com and Collateralized Mortgage Obligations start yelling about a bull market, … Continue reading
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Tesei denies offering to post bond for Perlitz
Douglas Perlitz withdraws bail application, remains in jail. Perlitz, a pedophile who preyed on Haitain orphans while pretending to succor them, chose to stay in prison rather than have his bail application heard. A number of anonymous benefactors were reported to have … Continue reading
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So where’s the action?
Absolutely nothing of significance to report about Greenwich real estate today – that one pathetic sale on Woodland, and that’s it. Period. I’ve been running around all week, busier than I have been all year, and have one deal closing next … Continue reading
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Another good sale
Asking price: $39,500,000. Assessment: $21,000,000. Sales price: $4,138,568.
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Just to annoy Russ and Gideon
New construction, original 2008 listing price, $2.695. Sold yesterday, $1.790 (66% asking price). No assessment yet.
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He could always run for Eliot Spitzer’s old job
66 -year-old (!) South Carolina (no “!”) Assistant AG fired after being caught in his car with 18-year-old stripper, sex toys and Viagra. Even in Governor Stanford’s state, this sort of activity, conducted away from the Appalachian Trail, is deemed … Continue reading
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North Mianus residents claim victory – I’m not so sure
Sam Romeo and his North Mianus neighbors are suing the town of Greenwich over the assessments levied against their property to cover the cost of installing sewers in the neighborhood. I’m (somewhat) sympathetic – the town seems to have bungled … Continue reading
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Don’t show this to Russ Pruner or Peter Tesei – they need their sleep.
Norwalk mayoral candidate’s $4.5 million Wilson Point home auctioned for $725,000. That would be less than 86% of it’s 2005 value, Russ, even if it is is Norwalk. (h/t, P.I. OG)
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Abusing statistics?
Russ Pruner, a terrific fellow and a realtor I really respect, writes to complain that I’m cherry picking sales in this column, highlighting low-priced sales and ignoring “reality”. Here’s what he says: [T]o date both MLS and direct sales that … Continue reading
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A school system already top heavy with administrators – let’s cut some
Greenwich school administrators reject wage, hour concessions. RTM members said they were dismayed that the school administrators’ union had not struck a similar compromise with the Board of Education, and instead decided to pursue more generous terms than what was … Continue reading
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Socialism has never worked and it won’t work here
Congressional interference with GM isn’t helping. Quelle suprise! Federal support for companies such as GM, Chrysler Group LLC and Bank of AmericaCorp. has come with baggage: Companies in hock to Washington now have the equivalent of 535 new board members — … Continue reading
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Looks as though Madoff’s pal will be staying in prison
Judge doesn’t see the value in his testimony. A judge today questioned the value of any testimony from Bernie Madoff’s right hand man — coldly declaring that anyone who could be hurt by Frank DiPascali is “in prison in Butner, North … Continue reading
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Assessed value is the new 2.3 X assessment
In the good old days (2007) houses in Greenwich sold for an average of 2.3 X their assessment. Today, it’s much closer to 1:1. Considering that assessment is supposed to be 70% of 2005 values, we’ve dropped around 56% from … Continue reading
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Tesei pulls out the big guns
Noted and feared real estate attorney Jeremy “King Fish” Kaye endorses Peter Tesei. UPDATE: Jeremy would want me to annotate and supplement his letter, I’m sure. So, … To the editor: As a lifelong resident I am indeed privileged to … Continue reading
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Ooooh, the Greenwich Selectman race is getting nasty
It started when Peter Tesei called Lin Lavery “a yellow-bellied, scum-sucking liar” for claiming to have founded the Junior League’s “Kids in Crisis Center” five years before she’d moved to town. Lavery burst into tears, called Tesei “a mean little … Continue reading
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But that’s such a low hurdle
Pew Poll: Republicans smarter than Democrats who are dumber than dirt. Libertarians, on the other hand, tested smarter than everyone except Cos Cobbers (who were flunking until they were given crayons in place of pens).
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