It wouldn’t sell at $290,000 so the owner of 3 Putnam Hill has raised her price to $299,000. A losing strategy.
Monthly Archives: December 2011
I dunno. Six houses sold for $10 million plus this year versus twelve last year. Only Dollar Bill considers this an encouraging trend but then, he would. No soup for you!
No one’s reporting any news, although here at EBT we’re busy on three deals so I assume others are busy too. I did have occasion to look over the $3-$5 million inventory for a new client (don’t tell Walt) and I selected six out of fifty-five possibles, based on what they last sold for. If the house is presently priced below what the owners paid for it pre-2004 (and pre-2002 is better) and put, say, a million into improvements, then I figure that could be a house of interest – the seller is a realist.
By my math, 49 out of those 55 houses are being offered by deluded sellers and not worth wasting time on. Even scarier are those houses that are not only overpriced but also located on marginal land. Just because you made a dreadful mistake in the exuberant days of yore, don’t expect a sober buyer today to bail you out.
I liked this house in Hillcrest when I saw it last spring but it was priced at $2.695 million, quite a hurdle to overcome if you’re trying to convince a client to consider Hillcrest (which is harder than it should be, in my opinion, because the lots tend to be large here, an acre or more, and the streets quiet). Somewhere along the way the sellers dropped its price to $2.195 but I missed it when they did and I had long since dismissed it. Too bad.
In any event, someone found it and liked it enough to put in an offer. The owners paid $1.710 million for it in 2002 and then did an extensive remodelling job. If the final selling price is close to that $1.7 figure, the buyers will have done well.
Brother Gideon notes that I accurately predicted 32 Twin Lake’s selling price 1,000 + days ago. (Almost) makes me regret stiffing him on a present this year but what the heck, his birthday’s in February.
Former Speaker of the House Nancy Pelosi has arrived via private jet and checked into her usual $10,000-a-night suite for her Hawaiian Christmas vacation where she will stay (and even attend a Christian mass) for ten days penance while contemplating the plight of unemployed college graduates.
“Look,” said she, “I invited fifty-four of the cretins to camp out in front of my place on the beach, so don’t give me shit about not caring for them. If they couldn’t afford the airfare to get here, why is that my problem? Haven’t I already said ‘God bless them’? What else do they want from me? If they want the good stuff, then why the fuck don’t they go out and get a job, or marry a rich guy or something? Christ on a crutch, these scum make me puke.”
Reached for comment on his own neighboring vacation island, President Obama stood up on his surfboard and urinated in the direction of the beach before his Secret Service team shooed reporters away.
Go ahead and admit it: you’re shocked, right? Hey, what’s $50 billion among friends? A small but sad part of this story is that Dr. Steven Chu, Obummer’s Nobel Prize winner and appointee to head the Energy Department, lied under oath to Congress when he denied any political influence bearing on his decisions. Fortunately for the good doctor, perjury in Washington is only a crime when committed by aging baseball players discussing steroid use and it is unlikely that this matter, drawing no cameras from the national press, will attract further congressional scrutiny.
By the way, and just as a mind exercise, imagine this corruption had occurred during the Bush administration and then ask yourself whether it would have been reported in The New York Times?
My ten-tear-old nephew Asher and his mother arrived unexpectedly (to me) last night from California to stay for the holidays. Every ten-year-old deserves a Christmas tree so we set off this afternoon to buy one. In a shocking testimony to the decline of entrepreneurial enterprise in this country, the vendors: Jerombeck Brothers, Oil City, First Congo, had all packed up their trees and quit for the season. Stumped, so to speak (and if you think you can make me feel guilty for a bad pun, you’re barking up the wrong tree – don’t needle me!) , I remembered brother Gideon mentioning that some people were already recycling their trees at Tod’s Point, presumably because, after enjoying Christmas decorations before the holiday, they could jet off to Aspen with the other 1%ers and enjoy the festival there.
So I said, “let’s try Tod’s” and by golly, there was exactly one tree awaiting us, (thank you, God) perfectly sized – 6.5 feet – , still fresh and priced just right. Onto the roof it went, tied down with a rope that I last used to drag a dead Bambi (not a reindeer, I hasten to add) from the snowy woods of New York, and off we drove to Grandmother’s house, laughing all the way.
Cost of tree, nada. Value of getting a free tree and solving a problem, priceless.
Only 500 homes above $750,000 sold in the last quarter, nationwide. This is Dollar Bill’s and Cole Strangler’s dream: everybody’s getting impoverished or, to quote an old Soviet saying, “better I have no cow than my neighbor have two”.
One of Bernhard Goetz’s targets kills himself, 27 years to the day after being shot while mugging. I particularly like this part of the story:
“Ramseur had gotten out of prison only 17 months ago, after serving 25 years upstate for raping a young woman on a Bronx rooftop.”
One of the three professional protestors that slithered into Darien this week is a guy named Tommy Fox. Who cares what a fellow does in his free time but Mr. Fox’s co-demonstrators should know that the guy’s a plant whose real job is at Skadden Arps, defending huge corporations. Shocking.
This huge house (15,000 sq.ft.) is on Conyers Pond but is not behind the gates. It sold in 2007 for $10.3 million and is reported under contract today. Its asking price this time was $11.9 million, while it asked $11.950 in ’07. I assume a similar discount is taking place this time too, particularly because the contract category is “continue to show”, usually an indication that the seller is unhappy with the price he’s agreed to.
Thousands mob malls to buy Air Jordan sneakers. Can you use food stamps to buy sneakers?
UPDATE: Gee, I guess there are far more 1%ers than that label might suggest – crowds of people ready to spend $200 for a pair of sneakers appeared all around the country. Pepper spray, pregnant women knocked to the ground, doors broken off their hinges and, of course, huge mounds of trash left behind. Wouldn’t you think that all these rich people would show a little compassion toward the poor and buy a cheaper pair of shoes, giving the money left over to starving food stamp recipients? Cole strangler would, I’m sure.
A few readers have written to support spoiled Greenwich communist and Darien Flopccupy attendee Cole Strangler for his “youthful idealism”. Hmm – let’s look at what this product of Brunswick espouses: a terrorist society, the enslavement of the citizenry, torture, bone-grinding poverty, suppression of free speech, secret police, gulags, murder of anyone who wears eyeglasses, a “Cultural Revolution”, state propaganda masquerading as the only officially permitted “art” , forced starvation, tens of millions dead - have I missed anything? If I have, surely this “student of international history” can add more.
So what is this “idealism” my readers find so attractive, so worthy of defense? I suggest that, were Strangler advocating the return of the Third Reich he would not be so warmly applauded but then again, perhaps I’m wrong – haters of individual freedom know no boundaries to their zealotry.
UPDATE: Some asshole has just been tossed into the dustbin of history – that would be the spam file – for writing to tell me that this post proves I’m an anti-Semite. I don’t mind stupidity – I post all or most of Dollar Bill’s screeds - but to interpret a disapproving reference to Nazis as proof of anti-Semitism is so very, very stupid that I’m really not interested in anything else the former reader might have to say. Some people just shouldn’t be allowed access to crayons.
Where’s Walto? No, not our Walt but the Round Hill Road guy with all that money. I’ve heard complaints from his neighbors that nothing has changed at the Noel residence. The expensive cars still come and go, parties are held (who would attend such an affair except from morbid curiosity?) and Monica hasn’t conducted a single tag sale.
So, Mustique for Christmas? Vail? Inquiring minds want to know.
Norwalk man complains that live-in prostitute stole his money. Nope, not Stephen Dent, but probably a close relative.
Cole Stangler is a student at Georgetown University’s School of Foreign Service where he studies [sic] International History .Imagine if this communist were to join the State Department and set loose on the world to “represent” our interests? Of course he’d receive a warm welcome in Foggy Bottom where he’d serve with others of his ilk but for those of us who aren’t communists, the prospect is daunting.
Here’s his take on Che Guevara. You really should read the whole thing but this excerpt will demonstrate what the mush-for-brains idiot is thinking and planning.
British-Pakistani historian Tariq Ali’s reaction to the assassination of Che Guevara on October 12, 1967 was shared by an entire generation of leftists, activists, and youth hopeful for change. Setting aside long-standing debates regarding some of Guevara’s misdeeds, [emphasis added] it’s safe to say Che was the unquestionable symbol of global revolution. He was born in Argentina, became a revolutionary in Cuba, appeared as a statesman at the United Nations in New York City, and returned to the guerilla struggle in Africa and South America. His youthful dynamism, energy, optimism and sense of international solidarity in the pursuit of collective liberation were remarkable and inspirational traits. He was, in the fullest sense of the word, an icon.
As the thirty-fourth anniversary of Che’s death passes, our generation is mourning the death of one could be considered a cultural equivalent—Apple CEO Steve Jobs. At this point, the attention given to Job’s death parallels, if not surpasses, that given to Che’s in 1967. One only wonders if, like Tariq Ali’s generation, an entire generation of youth will “recall every small detail of the day” that Jobs died. This doesn’t seem all that unlikely.
Facebook statuses and profile photos were updated in homage to the head of the corporate giant, and opinion pages worldwide were filled with glowing reflections. My mom sent me an “inspirational” quote of his, and a friend commented on how he watched Jobs’ 2005 commencement address at Stanford after hearing the news of the CEO’s passing. Nearly everyone was in agreement: Jobs was a visionary who helped define one of the most important technological achievements in human history. He also had an apparently extraordinary ability to anticipate what consumers would want before they even knew it: “A lot of times, people don’t know what they want until you show it to them,” Jobs famously said.
That this last point has been celebrated is quite chilling for a number of reasons, but it is also remarkably fitting for an entire generation that has internalized the values of corporate capitalism and mass consumption. Jobs created and oversaw a profit-yielding machine that could apparently shape human preferences into desiring more of his company’s products. While Ernesto Guevara represented global solidarity in fighting oppression [emphasis added], our modern icon celebrated and perpetuated the idea that, well, there are really cool things that we must buy—we must own these cool things so we can consume them. Then we repeat this cycle because it makes us feel good.
Having demonstrated his ability to suck $400,000 from his parents for a Brunswick “education” and learn nothing from it, it’s too much to hope that young Cole will read anything of substance during his current stay at Georgetown but other readers might be interested in an alternative to a very stupid sophomore’s hagiography of Che.
The cult of Ernesto Che Guevara is an episode in the moral callousness of our time. Che was a totalitarian. He achieved nothing but disaster. Many of the early leaders of the Cuban Revolution favored a democratic or democratic-socialist direction for the new Cuba. But Che was a mainstay of the hardline pro-Soviet faction, and his faction won. Che presided over the Cuban Revolution’s first firing squads. He founded Cuba’s “labor camp” system—the system that was eventually employed to incarcerate gays, dissidents, and AIDS victims. To get himself killed, and to get a lot of other people killed, was central to Che’s imagination. In the famous essay in which he issued his ringing call for “two, three, many Vietnams,” he also spoke about martyrdom and managed to compose a number of chilling phrases: “Hatred as an element of struggle; unbending hatred for the enemy, which pushes a human being beyond his natural limitations, making him into an effective, violent, selective, and cold-blooded killing machine. This is what our soldiers must become …”— and so on. He was killed in Bolivia in 1967, leading a guerrilla movement that had failed to enlist a single Bolivian peasant. And yet he succeeded in inspiring tens of thousands of middle class Latin-Americans to exit the universities and organize guerrilla insurgencies of their own. And these insurgencies likewise accomplished nothing, except to bring about the death of hundreds of thousands, and to set back the cause of Latin-American democracy—a tragedy on the hugest scale.
i certainly don’t begrudge this stupid, silly boy his passion for terrorists and communists and if he wants to enslave his fellow citizens well, we’ve survived such threats before and can surely rid ourselves of the like of Cole Stangler. But I am concerned that he’s part of Georgetown’s School of Foreign Service from which, unbelievably, the State Department often draws recruits. Alone, a spoiled Greenwich kid is no threat to anyone; lurking behind the scenes at the State Department is another matter entirely.
Mr. Cole Strangler, recent Brunswick graduate, having moved out of his parents’ mansion and given back the Christmas presents tagged with his name and awaiting him under the tree, has moved to a cardboard box on Wall Street and gone on welfare. Not to be outdone, here’s Dollar Bill, who cashed in his retirement plans and is giving his money to the poor, including Cole. That’s dedication to the cause and a complete refutation of the charges of hypocrisy levelled against both men.