Daily Archives: February 22, 2010

Oh oh, Ohio!

Man caught having sex with a picnic table gets six months in jail. Must not have been represented by David Justin Lynch, Esq.

10 Comments

Filed under Uncategorized

Speaking of lawyers, Overlawyered.com offers this:

Swiss to vote on lawyers for animals.

by WALTER OLSON on FEBRUARY 22, 2010

“Fish don’t get much sympathy,” laments attorney Antoine F. Goetschel about one of his recent clients. Zurich prosecutors went after an angler whose ten-minute battle with a pike, they said, was unfair to the pike. [AP]

3 Comments

Filed under Uncategorized

This is why I stopped practicing law – but you may just want to hire this man

 

J. David Lynch, Esq.

 

Compare and contrast: There’s this from the law firm’s web page.

Welcome to David Justin Lynch and Associates

The attorneys who kick butt!

Do you have a possible court case where you really want to “get” someone? Then hire David Justin Lynch  & Associates as your warriors for your Civil, Real Estate, Business, Workers Compensation or Probate Case in the Inland Empire—Palm Springs, Indio, Riverside, Blythe, San Bernardino, and Joshua Tree, California. Unlike other attorneys who groove on friendship and politics when dealing with the other side, we’re for you, all the way. For us, the other side is not merely an opponent—they’re the enemy!

For us, litigation is war. We’ve given the term “scorched earth litigation” new meaning with unusual, but effective, actions and tactics—sometimes unpleasant, but all within the law. Our letters feature down-to-earth street language to get our point across. We carpet bomb the other side with discovery, and our deposition questions are like hellfire missiles. Opposing lawyers hate us—but our clients love us, and that’s what counts. Why? We get results! When you want to win, it’s David Justin Lynch & Associates.

WE KICK BUTT FOR YOU!

And then there’s this, from the gentleman’s FaceBook page

Lent is about self-examination, repentance and forgiveness of our sins. Each of us deals with sin in our own way. Yes, I am a sinner, too, as we all are. I typically go to confession once a year, on Good Friday. For some, sin is a personal matter with God alone. For others, sin is a community matter. Many Christians, however, find private confession to a priest helpful in unburdening one’s conscience and renewing relationships between God and our fellow persons. The Sacrament of Reconciliation is not reserved only for those who commit serious sins, but for the remission of all sins. The grace that flows from confession possesses special powers of purification and support as we resolve to amend our lives to improve ourselves to better realize the potential with which God endowed us.

10 Comments

Filed under Uncategorized

Pricing and price cuts

There have been 142 price cuts reported to our MLS in the past 30 days, 92 of which were for single family homes and condos (the balance was rentals). I can’t say that I have been inside each and every one of these units, especially the condos, but I am familiar with almost all of the single family homes and could have and did, often) predict that they’d never sell at their asking price.

Now I’m not all that smart – any objective observer would have reached the same conclusion – so I wonder how 92 houses (out of approximately 600) could have been so mispriced to begin with. Worse, many of these have already seen multiple price cuts and are still too high. So, is it sellers with crazy expectations (and brokers willing to take the listings from those sellers) or are agents just passing out silly price estimates to gain listings?

It’s probably a combination, but what a colossal waste of everyone’s time, energy and money.

8 Comments

Filed under Uncategorized

“Make me move!” pricing

549 North Street

The owner of this 2003 renovation at 549 North Street has had it “for sale” since 2005. He started at $12.5 million, had dropped it to $10.950 by 2008 and today has reduced it to $10.450. Assessment is $6 million but clearly, he’s in no rush to vacate.

16 Comments

Filed under Uncategorized

Chaneling George Romney

McCain: I was brainwashed so I voted for TARP!

2 Comments

Filed under Uncategorized

More inventory coming our way

35 new foreclosures have been started since December first, ’09. They are, without exception, all underwater, so they aren’t going to sell without difficulty but sell they will, eventually. Some are in the $7 millions (owed), others far less, but there’s a wide variety of prices and locations to start choosing from.

24 Comments

Filed under Uncategorized

Chavez: Bourgeoise saboteurs responsible for power blackouts

It’s always something for that poor man! I blame Bush.

1 Comment

Filed under Uncategorized

When is a renovation a renovation?

When you see it with your own eyes. A new listing for 17 Arnold Street in Havemeyer came on today priced at $819,000 and noting that it was “renovated” in 2002, the year it was bought (for $605,000). In checking its history, however, I see that the 2002 listing listed a 1994 renovation and, when the property was rented back in 2004 the rental listing also gave 1994 as the year of renovation.

It’s possible that the rental listing agent didn’t bother to update her information but that’s an odd thing to do, especially when the owner/landlord is a family member. It’s also possible that she is now taking a more generous view of what comprises a renovation.

The only way to find out is to see for yourself.

4 Comments

Filed under Uncategorized

Sellers’ last hurrah?

62 N. Old Stone Bridge

I’m seeing a lot of houses coming back on the market for the hoped-for spring market, priced at what they didn’t sell for last year. This Old Stone Bridge house is typical. It started at $1.830 million in 2008, dropped to $1.640 a year later and was pulled from the market last September. Today it’s back at that same $1.640 (assessment is $1.223).   

Perhaps this spring will see the turning point. While it’s possible that the sellers’ hopes will be rewarded and they’ll finally get their prices I’m guessing that they won’t and surely at least some of them will grow weary of having their house on the market for so many years and will concede to reality. Maybe not, but I’d advise buyers to wait a bit before rushing to pay current prices. Obviously, there are exceptions to this advice, but come June, as the market ends, I think we’re going to see some discounting going on.

20 Comments

Filed under Uncategorized

UN global warmists jet off to Bali again

It’s a critical problem that can only be solved by shutting down western civilization but not quite so critical as to stop 1,400 of these parasites from junketing again in Bali. This is beyond hypocricy – we’re being played for fools.

1 Comment

Filed under Uncategorized

Just a flesh wound

44 Park Avenue

The local builder who paid $1.460 million for this Old Greenwich land in August 2008 picked a poor time to do so (and, had you asked me, old pal, I would have told you that). After a year trying to sell a to-be-built house for $3.750 he gave up and put the land and the 1948 cape occupying it back up for sale. It sold Friday for $1.3 million, so he got off pretty lucky. Assessment is $1.227, by the way.

3 Comments

Filed under Uncategorized

More Road Kill

33 Pleasant Street

Pleasant Street (no kidding – developer should be sued for fraud)  in Riverside is another road that abuts the highway, only it’s the much noisier I-95. This house is at the better end of the street but the noise is still er, noticable. It started off for sale in 2008 at an improbable $3 million and today, 18 months later, has dropped to $2.750. Its listing now notes that “owner will consider any and all offers” – I think that’s wise.

4 Comments

Filed under Uncategorized

Values may not be dropping but crazy asking prices are

63 Burning Tree

But oh so slowly. This house on Burning Tree started off asking $3.7 in January, 2008 and as of today is priced at $2.7 million. Assessment is $1.8. We have a lot of sellers who have clung to unrealistic prices in the mistaken belief that prices will improve. They haven’t, and I don’ think they will for a while yet – maybe next year?

My advice is, if you have or want to sell your house, get real.

4 Comments

Filed under Uncategorized

Price cut

17 Tomac Avenue in Old Greenwich sold for $2.7 in 2006 and the buyers placed it back up for sale, unimproved, for $3.450 million two years later. 2008 was probably not the time to try to get such a premium for two year’s of occupancy and so it has sat since. Today it’s been marked down, again, to $3.075 but I believe we are below 2006 prices, not above them. Assessment is $2.3

8 Comments

Filed under Uncategorized

Not all assessments are correct

406 Field Point Rd

The town assessed this teardown on 0.76 acre in the R-20 zone at $1.329 million so you can excuse its broker for pricing it at $1.495 in 2006. But no one would pay that and it’s only now, four years later with its price dropped to $799,000, that it’s found a buyer. For even less, I assume.

UPDATE, 4:00PM: Closed at $670,000.

12 Comments

Filed under Uncategorized

Road Kill

26 Stag Lane

I’ve been prowling our MLS records this morning to come up with comps for a client interested in a house that abuts the Merritt Parkway. Obviously that road exposure commands a discount but I was surprised to see how much it hurts.

Checking out the two other streets in the area that front the Merritt, Will Merry Road (odd numbered side) and Stag Lane (even), people just seem determined not pay a lot to hear mufflers. The record for that side of Stag is probably this one, number 26, a beautiful house built in 2005 by an excellent builder but one that languished for over a year before its builder gave up and rented it.

That tenant ended up buying the place for $4.250 in 2007  – thus proving what residents along the Merritt claim:  it’s not at all bad once you move in – put in $500,000 in improvements and placed it back up for sale in 2008 for $4.795. Two years and a $1 million price cut later, it remains unsold.

Everything else on this side of the street has sold in the low ones or thereabouts. Of course, those houses weren’t big gorgeous homes like this one but clearly their sales prices drag this one’s value down: the town’s assessment (70% of 2005 est. market value) is $2.2 million. Ouch.

12 Comments

Filed under Uncategorized