Monthly Archives: November 2012

Social Security system is solvent, solar energy will meet our needs, and now this:

Scholar and explorer, William Gastric, Greenwich

Scholar and explorer, William Gastric, Greenwich

Ancient unicorn lair uncovered near Pyongyang. 

A report released by the History Institute of the DPRK Academy of Social Sciences claims that archaeologists discovered the lair of the mythical animal just outside a temple in the capital Pyongyang.

And, unsurprisingly, the lair – according to the report – means that Pyongyang was the focal point of an ancient, united Korea.

“This discovery was inevitable”, Greenwich Democrat Charwoman Gastric told reporters. “We used the same exact scientific methods employed in our economic analyses of entitlement benefits, so of course the favorable outcome of this search was completely expected and predictable.”
Gastric also reported that the unicorn was found sleeping underneath a melting glacier and atop the very first Social Security card issued by the United States, in the name of Kim Jong-un and signed by Eleanor Roosevelt herself.

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One last sale reported, snuck in at the closing bell

79 William St

79 William St

79 William Street (parallel to Rt. One, near the hospital), new construction, sold for $1.875 million. For someone who’d prefer to live in town, this makes a great deal of sense to me. Brand new, well made, convenient to everything especially, if the buyers are older down-sizers, the hospital’s emergency room.

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Shocker: prostitutes found at massage parlor

Up in Darien. The only thing newsworthy about this story is the revelation that our state police and the Department of Homeland Security joined the local cops in rousting a couple of whores and their pimps. The Homeland Security  bureaucracy should never have been created in the first place and should be abolished in its entirety now, but it’s informative to see just how exactly it’s wasting its employees’ time and our money. And shouldn’t state troopers be out on the highway looking for speeders? Dumb.

On the other hand, here’s what cops should be doing: home invaders captured. These are the guys who hit a Round Hill Road residence, among others, and I’ve read that burglars willing to storm inside a house when its owners are present are the most dangerous of their type. Makes sense to me. Greenwich police were part of the investigation that included the FBI and other forces because of the multi-jurisdictional reach of this gang. Good for the cops. Darien police presumably couldn’t participate because they were busy conducting round-the-clock surveillance of that Korean pud-tugging place in their own town.

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Real estate – remember real estate?

A little bit of activity reported.

69 Rockwood Lane

69 Rockwood Lane

Sales: 69 Rockwood, $6.050 million, 7 Old Kings Highway, $880,000, so that pretty much spans the spectrum. 69 Rockwood is new construction, on the market for 549 days, started at $7.250 back in April, 2011. The builders contracted to pay $2.729 million for the land back in April 2008 and apparently had second thoughts after the market crashed that summer but closed anyway in October 2008. They then tried flipping it the following January but asked $3.495 for what they’s just bought and no one shared their sense of increased value. So they did what builders are supposed to do: they built. I’m not a big fan of expensive houses on rocky bits of land, but someone obviously is, so now it’s sold and despite not getting what they’d hoped for, $6 million is bound to make its builders happy. Good for them – nice house.

7 Old Kings Highway was another surprise, to me. I didn’t much like it at $865,000 but obviously at least two buyers did and one of them bid its price up to $880,000. That’s testimony both to the dearth of inventory in this price range and the importance of individual taste – one man’s meat, and all that.

 

450 North Street

450 North Street

450 North Street, that failed spec house across from St. Mary that was foreclosed on by Patriot Bank some years ago reports an accepted offer. The builder tried getting $6.899 for it in 2009 which was obviously the wrong price at the wrong time. Patriot sold its loan, along with others, to Summit Development last year and they finished the house (including redoing floors after pipes burst) and put it back up for sale in June, 2012 for $4.195. Whoever has now purchased Summit’s properties repriced it at $4.195, and that seems to have done the trick. Nice construction, location is marginal, in my opinion, because of the noise. But perhaps the sales price includes custom shooters’ muffs for the entire family.

14 Buckingham

14 Buckingham

14 Buckingham Lane, quite close to 450 North, is a short sale, and now has an executed contract. Asking price was $1.195, which seems like a great deal for this completely renovated ranch. Owners paid $1.250 for it in 2007 and then put a lot of money into those renovations. They asked $1.649 for it in 2008, didn’t get it and so the bank did. It had an accepted offer for $1.350 back in January but like so many short sales, that deal fell through, so it came back on at this lower price. The buyers will do well on this one, I think.

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UN out of US, now

Palestinians recognized as a state. “I promised we’d have 57 states” President Barack Hussein Obama crowed from the steps of the Emily Litella School of International Diplomacy after the vote, “and this is the first down payment on that pledge. Next year, in Jerusalem.”

The vote will not immediately end the Palestinians’ six-decade wait for independence and will not give them a vote at the UN. But it will enable them to join the International Criminal Court and potentially prosecute Israelis for war crimes, and seek rulings on territorial disputes at the International Court of Justice.

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Someone give them the bad news

 

Philosophy majors at work

Hamburger flippers demand higher wages in NYC.

“They’re giving us $7.25 an hour, so many of my co-workers are living on food stamps. You can’t live on that in this city,” a protester told Good Day NY.

The workers who say they don’t make enough to put food on the table for their families would  like an increase in their hourly pay to $15.

Here’s the deal: you can’t support a family on a minimum wage job and if that’s the best you can do, don’t have a family. Or go into politics – that’s unskilled labor that actually pays.

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First casualty of the synagogue wars but surely not the last

After Sandy’s storm surge, EVERYONE loves levees

Randy Caravella, owner of the property he hopes to sell to the Greenwich Reform Synagogue, steps down as president of the Cos Cob Association after neighbors and fellow merchants threaten boycott. Word I’m hearing is that the neighborhood’s heating up. Assuming Lou Caravella accepts my sage advice and sells his entire parcel to the synagogue, thus obviating the need for a lot line revision hearing, this matter will fall off the P&Z agenda until a formal application, with plans, is submitted later next year. That won’t stop intra-neighborhood feuding during the winter, of course, so look for a hot conflagration when this comes back around next spring.

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