Daily Archives: September 23, 2009
That dreadful woman who cheated on her husband and had an affair with Bernie Madoff has now discovered, thanks to the FBI, that he was really the pits, man. So having sold her scrawny body for his lucre twenty years ago she’s out now hawking her family’s honor and her own shame via an already-in-the-remainder-bin ” stupid moron housewife tells all” expose and, as of today, this genuwine picture of the Madester back when he had hair and money. Opening bid is $2,500 and I’d expect it to fall from there.
This is a nice house, in need of renovation, perhaps, that was bought for $3.583 million in 2001, relisted for $4.350 in ’04 and slowly whittled down to $3.2 before being yanked today and put back on at $3.3 million. Okay by me, what the hell – nothing else seems to be working.
This optimist on Doubling Road paid $5.155 in April 2008 and has got it back on for $5.2. Nice house, if you like that front-loader-garage sort of look – I don’t, but that’s just my taste. I’m thinking that the market has declined since last year but again, no one says you can’t try. Perhaps the owner drove a shrewd bargain back last year.
Finally, another property that had dropped below half its original asking price suddenly jumped $4 million today. Why? Perhaps the owner has come into cash and can now afford to wait for a good price. Or, possibly, he’s setting up a short sale and is receiving too much traffic to convince a bank that he’s cooked. If the latter is the case, and if it works, look for massive price increases to appear all over town. Wouldn’t that be amusing?
Dupont heir and Internet sex dupe Steven Dent has dropped the price of his house at the end of Gilliam Lane from $14.5 million to a mere $11.9. That’s a good idea, but for a 1920’s house, pretty much untouched since Prohibition (bad word to use in the Dent household) and land that was chopped up, sold off and cut off from the water, I think it’s still a little pricey. Assessment is $4.6.
UPDATE: This may account for the need to move: Recession hits sex doll market. Even Dupont money can only go so far.
My no-good demmerkrat office mate Fudrucker has penned his own op-ed in the Greenwich Time (only posted now or I’d have written about it earlier. As a lawyer, there isn’t much I’m unwilling to do but paying for the Greenwich Time is one of them) pointing out that the Representative Town Meeting is a useless collection of bored citizens disenfranchised and led by the nose by a handful of semi-professional bloviators.
This is news to no one who has ever served on the RTM or had to deal with that body but every time someone of either party – Jim Lash was the latest one to try – suggests cutting it down to a workable size, he’s shut down, crucified and set afire. Why? Because, as Fudrucker points out, a tiny handful of people run the thing – he claims 40, I’d guess 30 – and the road to charter revision runs through them. Or doesn’t, in this case.
A few days ago the same paper looked at the attendance record of RTM members and discovered, not surprisingly, that many members had full lives and little time to hang around on Monday nights rubber-stamping decisions already made for them by their “leaders”. And, while no one among us does not love Chris Von Keyserling, are there minds strong enough to stay alert and attentive through four hours of his monologues? I suspect not. Von Keseryling’s perfect attendance record, and that of Carl Carlson, tell you all you need to know about both men and the RTM.
The annual town meeting in East Holden, Maine, was a different animal. Seventy-five voters might show up and they’d discuss and vote on every item in the budget. Did our constable Eugene Winchenbach really need a new cruiser? He was the only law in town and surely we appreciated that, but that car had just 350,000 miles on it and it was, after all, an Oldsmobile – should be good for another couple of years, at least.
So Eugene had to wait for a new car. Real voters, real power. Not so in the configuration down here, where 2,179 stupefied citizens sweat in uncomfortable chairs and pretend to know what’s going on and pretend to care. Time for a change.
Turns out that half of Bernie Madoff’s “victims” pulled out more than they put in, and the total loss is a mere $13 billion, not the $50 billion that caught our attention so rivetingly. Of course, the other half of Madoff “investors” lost money, but there you have it: life is unfair: you’re born a lamb, cared for by little children, then packed off to the slaughter house.
Now the question is, how much of Walter Noel’s $7.5 billion was really lost and how much represented merely the loss of paper profits? Our Walter (ours meaning this blog’s Walter) has been saying all along that he made his investors feel good for years and they lost no more than they would have had they bought into an index fund. Perhaps he’s right.
If you end up keeping the villa in Mustique, Walt, can I come visit? Let bygones be bygones and all that?
I could have saved that tag for something on Frost Lane but Peck Avenue will do. Here’s our only sale today, a house in Byram that started at $569,000 in 2007 and sold for $383,000. Assessment is $474,000, if that merits your attention. Give listing agent Steve Archino credit; when he describes this place as being “close to train and major highway”, he means it. No sugar-coating for Steve!