Monthly Archives: September 2011

Passport

Someone I know, who may or may not have birthed me in 1964, calls me this morning and says that she is going to Italy at 7PM and has a problem. Problem is, an expired passport. Oh, and this person … Continue reading

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Ya Gotta Live Somewhere

Five sales, two contracts reported so far today on open house day. I refer to these as “shelter” deals, because no matter how bad the economy, no matter whether there is a 20% confidence gap, ya gotta live somewhere, preferably somewhere … Continue reading

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Washington DC

As opposed to the rest of the nation, Washington DC is having some kind of real estate growth explosion. No real secret there, its stimulus writ small. All the federal spending attracts businesses, people, jobs, etc. Lots of good capitalists have … Continue reading

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Still no news

But this house, at 2 Broad Road “in the association” at Belle Haven, is owned by someone with the best name I’ve seen in a while. The owner is Yonsuk S. Derby. I love interesting names. Gotta be great to … Continue reading

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Real Estate News?

It’s not like I’d rather shove liberal propaganda down your throats, I’d rather sell real estate. Today we have about 15 open houses (for Gideon, none on Club Road so he can take it easy on this rainy day). I had … Continue reading

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Its good to have a hobby

And lets not forget a memorable nickname.

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New i-Phone next week?

Gideon Fountain writes: Can this possibly be accurate? If so, whoa!

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Non-lethal protection

Gideon Fountain writes: With the likes of multimillionaire, overweight agitprop movie producer Michael Moore calling for violence against “the rich”, it’s certainly a good time to think about personal protection, because, more than likely, it won’t be rich guys like Michael … Continue reading

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If you think this is Socialism……

“I hear all this, ‘well, this is class warfare, this is whatever’. No. There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be … Continue reading

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Ok To Despise Warren Buffett?

Gideon Fountain writes: All thinking humans properly despise scoundrels like Michael Moore, but what about Warren Buffett?  Most of us have grown up hearing this avuncular, chubby-cheeked, Benjamin Graham disciple referred to as the “Oracle of Omaha”. Seemed like a nice guy.  And, … Continue reading

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Bombs Away

Four houses closed and were reported today. 242 Pemberwick Road, north of Comly, sold for $920,000 after 3 years on the market, originally listed for $1,575,000, or 58% of ask. Meeting a more realistic fate was 35 Terrace Ave in Riverside, … Continue reading

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Yo Gideon

The liberals are taking over, pretty soon Walt will be going with me, Nancy Pelosi, Rev. Wright and all the top Solyndra execs to an organic retreat in San Francisco. Anyone have a sighting? FYI, each of the 5 Scooby … Continue reading

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Capitalization Rates

There are a number of objective ways to value a rental or commercial building. One, the “capitalization rate” is determined by taking the net operating income (income after paying everything), and dividing it by a rate of return, say 7%. … Continue reading

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Throw Them All Out

C’mon, can’t these people get a grip. Someone should ask them whether they deserve their pay, much less their jobs. Obama’s right, you can’t wait 14 months Compromise is an american art, so why can’t 535 people, earning $95,765,000 plus benefits … Continue reading

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Hello Ladies……

By popular demand. I was going to post the Men of ACORN, but I figured you would be far too awed to comment

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Tax Credits

I’ve always been surprised by the support of tax credits on the right. I think that the idea of giving away free tax deductions feels better than giving away the same money after you collected it. There surely would be no … Continue reading

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I have been given direction

Spoke to Chris briefly today, he gave me the following advice on what to post on the blog.  

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My Idea of Judicial Activism

This guy really knows how to use the power of the judiciary. Can’t find out his political party and, without any reference to diapers or wide stances, he’s probably a Dem.

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Kind Gideon

I have nothing against Gideon. I can’t help that his view of real estate is wrong, or that his politics are so far around the bend I expect him to come all the way around the curve and be to … Continue reading

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Alas

Alas, Gideon, while my misguided and dangerous liberal beliefs may have steamed the vegetables of the true-Conservative set reflected in your brother’s mad rantings, your – dare I say rose colored view – of real estate surely has starched the shorts … Continue reading

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