Daily Archives: December 11, 2012

Oh dear, does this mean we’re going to have to suffer through more wailing about “severe weather and CO2″?

 

Snow may fall by Christmas. Unprecedented! Everyone in their jets to St. Barts! Blame Bush!

 

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So what’s a “hanging refrigerator”?

A reader asked, another reader points out that the listing for 114 Hendrie Ave has a picture of one and by golly, he’s right – here it is:

What will they think of next?

What will they think of next?

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New listings and not so new

12 Baldwin Farms is back, now at $5.7 million. Started at $12.495 (guffaw) back in 2007, went to its lender via foreclosure, eventually, and they in turn sold it to Summit Development who tried without success to sell it at various prices, starting at $7.499 and ending  lower. Third time the charm? I’m not sure – it’s now five years old and, overpriced or not, that’s a lot of buyers who’ve looked and passed on this place. It’s got to appeal to someone, at some price, but I’m not sure who those buyers are or what that price will be.

101 Indian Head Road in Riverside is a new land listing, one acre, $2.995, but the listing says there are “protected parties”, meaning someone’s standing in the wings, ready to snatch it if and when another buyer appears. Not worth the effort.

114 Hendrie Ave

114 Hendrie Ave

114 Hendrie Avenue, $790,000, on that part of the street that plunges down from the school to Binney Park, is on for the first time since its owners bought it in 1947 (!). I don’t know what they paid for it then but its safe to say it was less than $800K. Worth visiting if only to see what passed for a new, acceptable house back in the immediate post-war era. 1,170 sq.ft., a couple of bedrooms sharing a bath and that’s about it – probably raised a half-dozen kids in here, all of whom grew up to be better citizens than the drug dealers we’re breeding up in the back country.

But I digress.

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Walter Noel throws a 4th year anniversary party at Round Hill Club

 

December 11, 2008 was the day Bernie Madoff was arrested and Walt’s Greenwich Fairfield Madoff Fund Feeder closed its doors so abruptly. Bernie’s life has been constricted since that sad day but not Walt’s, who continues to globe trot with family and kin, whooping it up at charity balls and island resorts. Is this a great country or what?

 

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Coming our way

Norwalk zoning officials reverse position on proposed mosque and approve it, subject to it being moved to Cos Cob. “This is great”, Mayor Lou Caravella exclaimed to a reporter when he heard the news that a minaret and amplified calls to prayer will be landing next door. “Now I can unload my nieces’ and nephews’ lots too. We’re all going to Disney World!”

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Contracts, price cuts, whathaveyou

10 Spring House Rd

10 Spring House Rd

Couldn’t make it (stuck on I-95) to 10 Spring House Road, the house I mentioned earlier that has seen its price drop from$8.9 million to $3.895. It still strikes me as a good house and while even $3.895 hasn’t moved it – it’s been so priced since July – it’s got to be getting close to being a deal. $3.5, anyone?

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25 Copper Beech, asking $2.695 million, has a contingent contract. Nice house, decent yard, good street and convenient location but when clients and I looked at it this summer we felt there were other houses offering better value at this price. Either that price dropped or more likely, the inventory has been worked through and this is the last house, or the best house, still standing.

6 Stanwich Lane

6 Stanwich Lane

There’s been another price cut for 6 Stanwich Lane and it’s now looking for $1.895, somewhat less than the $2.495 it first asked. It sold for $1.4 million in 2000 so somewhere between there and here ought to be the right price, I’d guess. Somewhere.

51 N. Stanwich

51 N. Stanwich

And new to the market, again, is 51 N. Stanwich Road, quite a bit removed from Stanwich Lane, asking $1.625 million. A tiny antique stone cottage on an acre (the listing says the zoning is “R-1″ which surprised me, being so far north, but perhaps it’s part of the new Stanwich Historical Overlay zone and has different zoning?) and would make a great weekend house, if it had a pool. There is no pool, however, and no mention of there being a place for one – I’d ask.

This last sold just two years ago for $1.367 million and sold before that in 2004 for $1.5. I’m not sure where the current price came from – I’d thought we were drifting down from 2004 prices and even 2010’s, but maybe I’m wrong.

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Open house Tuesday

Just one I’d like to review, a house that started at the improbable price of $8.9 million in 2010 and is now marked down to $3.895. As I recall, it was a perfectly nice house and it was just the price I objected to. I’ll go see what it looks like with $5 million lopped off it and report back.

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Regressives: so what’s the problem? Just raise taxes!

 

California leads the way in state employee pay (and the race to bankruptcy)

 

Payroll data compiled by Bloomberg on 1.4 million public employees in the 12 most populous states show that California has set a pattern of lax management, inefficient operations and out-of-control costs. From coast to coast, states are cutting funding for schools, public safety and the poor as they struggle with fallout left by politicians who made pay-and-pension promises that taxpayers couldn’t afford.

“It was completely avoidable,” said David Crane, a public-policy lecturer at Stanford University.

“All it took was for political leaders to think more about the general population and the future, rather than their political futures,” said Crane, a Democrat who worked as an economic adviser to former Governor Arnold Schwarzenegger, a Republican. “Citizens should be mad as hell, and they shouldn’t take it anymore.”

And here’s a guy who undoubtedly is planning to move to Connecticut so he can get a raise:

The story of one prison psychiatrist shows how pay largesse has spread.

Mohammad Safi, graduate of a medical school in Afghanistan, collected $822,302 last year, up from $90,682 when he started in 2006, the data show. Safi was placed on administrative leave in July and is under investigation by the Department of State Hospitals, formerly the Department of Mental Health.

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More tax for thee, but not for me

Gerard attends Fidel's 80th birthday party

Gerard attends Fidel’s 80th birthday party

Gerard Depardeu, net worth $120,000,000, has moved to Belgium to escape France’s new 75% tax rate. Mr. Depardeu is a pal of Fidel Castro, visiting Cuba to go hunting with the dictator and his equally bloodthirsty brother Raul: “They’re just normal people”, he reports.

Depardeu did not say, “You know, not many people knew it, but the Führer was a terrific dancer” – Mel Brooks said that.

No word whether Castro’s other Hollywood admirer Sean Penn will be moving in next to Gerard, but if Penn has a chateau in France, count on it.

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Start a vulture fund for his bail?

 

Sudanese arrest bird, claim it was spying for Israel.

 

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