Daily Archives: February 3, 2011

Are you friggin’ kidding me?

We’re diverting $500,000 from wi-fi connections to new lockers. I’ll admit that the idiots from California who designed our new high school without lockers in 1971 (“students will learn to trust each other”)  left us carting our belongings around rather than have them stolen, (and I’m proud to say that I tossed a grapefruit at them when they visited that year) but these days, I’d rather have wi-fi than an updated locker.

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Madoff’s wrong ways are now covered in the sports pages

That’s because it involves the Met’s Wilpons, but what about Walt Noel?

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What do aging Egyptians and ancient Indiana Republicans have in common?

They cling to power. Time to go, guys.

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School Board politics

Damned if I know what’s going on, but I’ve known Bob Horton for something like 55 years, and while we are usually on opposite sides of the political fence, he’s a hell of a reporter, and he’s got a story here.

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JP Morgan knew that Madoff was a crook?

I have close friends whose honesty I would never, ever question, who work for JP Morgan, but there are some emails surfacing that seem to indicate that someone at the bank was onto Madoff long ago, yet the bank kept doing business with him. It’s obvious, I hope, that you can’t tar an entire organization with the  actions of a few bad characters, but I feel for my friends because that’s probably what will happen. Madoff was absolute poison.

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Whoa – nothing is happening in our market

I just checked, again, our MLS board and there’s just no activity. One sale at $850,000, one contract in about the same range, and that’s it – for two days, given that the Board was shut down yesterday. I have a short sale pending but otherwise, my business is as slow as every other broker’s. There are fifteen new listings today most of which, in my humble opinion, are ridiculously overpriced. But I do have that new Honda snowblower, so if you have a driveway that needs clearing …. Otherwise, I’m going to have to resume the practice of law, and won’t you (and I) be sorry then!

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Missing in action

has anyone seen the recycling boys? They haven’t shown here in Riverside for the past two weeks – admittedly, last week there was a snowstorm, but yesterday? Nothing but blue sky. Has the town recovered its senses and terminated the entire boondoggle, or have the workers just split for Florida?

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Ouch

An anonymous reader sent along this link: No bonuses for UBS bankers. I have some close friends who once worked for the bank but I believe they all grabbed severance packages and split a couple of years ago.

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I try not to pick on new listings

18 Perryridge Rd

So I have no comment on some of the new listings that came on today (except that I don’t like their pricing). But a house that has sat on the market for 9 months, like this spec job on Perryridge, has already heard everything the market has to say, so how can I hurt it? It started at $4.650 back last June, an improbable figure for this modest street even if it has been “staged”,  and today it’s been cut, again, to $4.150 million. I suppose if you thrill to the sound of sirens (perhaps you’re a trial lawyer?) then its location next to hospital will be a plus but otherwise ….

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The trouble with home owners

113 Woodside Drive

Here’s a perfectly nice house in Millbrook, finally gone to contract after 846 days on the market. The sellers paid $1.950 for it in 2003, it was assessed (70% of 2005′s market value) at $1.813, so they priced it at $2.679 million. They couldn’t move it until they dropped its price to $1.999, and I’m guessing it will close for less than that. I’m not saying the sellers were crazy – it was, until the bust, normal to expect to make money on your home – but that’s just not so today.

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Is nothing sacred?

 Sumo wrestlers admit fight-fixing.

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