Daily Archives: June 28, 2011

Oh for heaven’s sake

Anti-leaf blowers blow it. They showed up tonight to argue that leaf blowers are deadly, causing high blood pressure, pet suicides and nuclear disaster. It’s enough to me that the damn things are annoying: let’s have a discussion about when an annoyance becomes a public nuisance. Instead, we get a collection of aluminium – hatted fruit cakes claiming that their goldfish are dying from the noise next door and, frankly, that’s not going to generate all that much sympathy.

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Here’s a better alternative to being a helpless victim

Texas town lays off police force. The (former) chief advises residents to lock their doors and cower indoors. I suggest that, were each homeowner to buy and learn to shoot a home defense shotgun, there’s no criminal living who would come anywhere near the place. 1,200 shotguns vs. one hungry burglar? Move on, fella.

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Bullshit

Bankers say that supporting Obama is “bad for business” and “embarrassing”. It’s neither, of course, and they’re lining up to give him money. Washington is Wall Street’s whore regardless of party and the boys in New York know it.

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If they’ll poison their own people, what will they do to us?

Why I avoid food products from (as well as investments in)  China. I hugely admire the Chinese people and  know enough Chinese history to be in awe of their long, successful history but right now, there’s nothing made there that I’d trust or eat.

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Where were these guys when they were rating CDOs?

Moodys downgrades Connecticut debt. Perfectly reasonable, but a day late and a dollar short, no?

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Good for them

Eugene, Oregon City Council rejects reciting the pledge of allegiance.  This pledge is the dumbest damn thing since singing the national anthem at baseball games. Love of country, patriotism and a devotion to the United States of America have nothing to do with rote recitals. It’s the equivalent of a comb-over for pseudo-patriots.

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Maybe we just take out every tenth plaintiff and shoot him

The heart of the matter

Stop me if you’ve heard this before. A guy goes into a bar, spends three hours drinking, then tries to mount a mechanical bull. He’s thrown, is injured, and sues.

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For sale: sex with the White House chef in the Lincoln Bedroom

I assume Obama got this suggestion from Hillary.

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God forbid they should know how to read

Maryland adds “environmental literacy” to graduation requirements.

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Round Hill land sale

24 Brynwood

24 Brynwood, 2 acres, Merritt Parkway exposure, $1.450. Assessed at $2 million. Seems high to me.

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The new growth opportunity: shorting Chinese stocks

Having demolished Sino-Forest, Muddy Waters has gone after another Chinese company alleging the same thing: misleading financial statements, fraud, etc. The stock dropped 30% but has since rebounded and is now down only 1%. The Bank of New York is one of the company’s investors, and I’d feel safe betting against them. In fact, to paraphrase Mencken, nobody ever went broke underestimating Chinese perfidy.

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New price for condos?

A condominium at 34 Bruce Park Avenue (no picture yet) has just been listed at $4.695 million. I haven’t seen it but, while I’m sure it’s marvelous, that’s not an address that screams four-and-a-half million to me. Perhaps I’m deaf.

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Ouch

45 Orchard Pl

This condo in Greenwich sold for $1.650 million in 2007 and now, after 700 DOM and dropping its price to $1.290, has a contract.

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Too good to leave buried in the comments

From reader Al Dente:

“I would like to discuss gay leaf blower operators who couldn’t get a good job because our education system sucks.”

Marianna? : )

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Contracts, open houses

Not much on open houses. I saw this firms (EBT’s) listing at 8 Round Hill road, $2.9ish for 2.4 acres, 7 bedroom septic, plus a house. That’s about in the ballpark, from what I can tell.

I pulled into the driveway of a new spec house by a noted builder but didn’t proceed because, really, I can tour this company’s houses blindfolded and tell you exactly what’s there. Absolutely nothing wrong with the quality of their product and I wouldn’t hesitate to show it if I get a client in this price range (I haven’t checked but I assume it’s in the $5’s) and location. Right now, I’m working with people who have more exotic tastes and this one is more or less like last year’s Mercedes – you know the quality is there, but nothing will surprise you. UPDATE: Good heavens, I just checked – it was asking $8 million and is still asking $7.5. I don’t see that happening soon.

A couple of contracts of note. Brother Gideon’s listing at 11 Binney Lane, Old Greenwich and asking $2.9 sold in 21 days. The owners put a huge amount of money into this place but left a lot undone when they changed their mind and moved to Riverside. Probably a fair price, given recent sales on this street. Great location.

5 Dingletown which, its broker promised, was “not a drive by” (it really was), sold for $$1.850 in 2002. Its last asking price was $1.650 and I assume its selling price will be less than that.

Ditto for 14 Sunshine, which sold for $975,000 in 2006 and was asking $899,000 when it went to contract yesterday.

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Greenwich real estate – if you’re under three, you’re free

Haven’t pulled the stats yet but reviewing the past two weeks’ sales, the $500,000 – $3’s have it (14 Baldwin Farms South sold in the mid – $5’s, after foreclosure and after a $9 + original ask). This one might be of interest:

23 Willowmere Road, in Riverside, sold for $2.6 million. It last sold for $2.511 in 2007 and the new buyers put a fair amount into improving it, including a new kitchen, so I suppose they lost money. In my strictly personal opinion, the location couldn’t overcome the original cheap construction but obviously, someone disagreed.

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Just when I complained there was no real estate news of interest …

Was this man murdered by a crooked judge over a fraudulent foreclosure? The story’s got it all: maybe a crooked judge, cooperation by the police, indifferent justice department.

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Yes, these are national data but …

The housing double dip begins (or continues).

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Bad times for real estate

I troll Google News for both “real estate” and “real estate agents” and am usually rewarded with articles that might be of interest to readers of For What It’s Worth. But these days, it’s not just the Greenwich market’s that dead – those search terms turn up mostly press releases from agents as bored as I am. Hmm. We’ve done the School Board, leaf blowers and gay marriage, what else should we discuss?

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Pick your poison: Chris Christie vs. Dannel Malloy

So far, I’d say Christie is winning:

‘The union stuck it to him”

New Jersey’s outspoken Gov. Chris Christie has had his run-ins with Connecticut Gov. Dannel P. Malloy in the past. And on Monday morning he did not hold back in gloating over Malloy’s most recent setback during an appearance on MSNBC’s “Morning Joe.” “Dan Malloy was lecturing me about how he can get it done, he’s conciliatory, he negotiates with people. He got these big concessions in return for big tax increases. So now what do the people of Connecticut have? Big tax increases with no concessions because the union stuck it to him.” “He went around and trumpeted the $1.6 billion in concessions that he got and they voted it down. So now the people of Connecticut have the tax increases without the labor concessions. And now what he is going to have to do is lay off up to 7,500 people. I’d say that’s going to make him even more popular in Connecticut.”

Staff Writer Tom Cleary

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