Israel real estate commissions explained. Buyers pay 2% over there, but then there’s an extra 16% VAT imposed. Here in Greenwich, it’s a 5% commission, usually (and no VAT) split 2.5% each to the selling and buyer’s brokers but regardless, you as the buyer are ultimately paying the full freight – it’s figured into the price, no?
But at least, as of ten years ago or so, the law has changed so that buyer’s agents are no longer legally sub-agents of the seller’s broker, which means we can represent you, dig up all the dirt we can on the seller’s circumstances: bankruptcy, divorce, pending indictments, whatever, and pass them on to you. It makes being a buyer’s agent so much more fun!
If you were a store owner and your competitor raised his prices, you might be tempted to lower your own or at least hold your prices steady. But if you were a Connecticut politician, you’d see an opportunity to jack up your prices, as Dan Malloy’s just done. And now he’s off on a “listening tour” to learn why businesses are leaving the state. I’ve pretty much given up giving these people credit for being simple, deluded fools. I think they are on a mission of destruction.
Our pols spent a small fortune trying to save a Moodus resort, but after wasting $3.2 million, it’s time to concede defeat and move on. It’s easy to spend other people’s money, and no one knows that better than politicians.
Post headline writer retires. I always figured it was at least a gang of six who dreamed up the New York Post headlines, but it seems it was one man, Vincent A. Musetto. Six years of working on this blog and I like to think I’ve come up with two, maybe three headlines he’d approve of, but he did it day in, day out.
Someone wins the Tour de France. Turns out that they’ve all been drugged monkeys for decades, so who the hell cares? Might as well elect them to Congress.
I’ve commented for some years now that sellers have had a philosophy that “no one’s gonna steal my house” and pointed out that no one was putting a gun to their head but merely offering to pay several million bucks for property that was probably worth less than the seller’s opinion.
That seems to have reversed. Yesterday a buyer, told that a house had originally been priced at $3.9 million and eventually sold for $2.5 told the listing agent that “you’re trying to broker me” and stormed from the house. Look – you Wall Street guys all have your spreadsheets and “know” what a house should be worth, but you might try respecting the knowledge of what we agents, sometimes, have to offer. Buyer’s agents owe you a fiduciary duty, owe you our complete loyalty and, while not every agent lives up to that duty, most of us do. You should certainly make up your own mind, but you might at least consider listening to our advice. We probably, believe it or not, know more than you do about Greenwich real estate. You’re on your own with valuing the Euro.
I just heard the new NPR announcer (transcript as soon as it’s available) compare the Norwegian mass-murderer to Ayn Rand. I want nothing to do with these idiots and I hugely resent a single tax dollar spent on them.
You don’t have to agree with Ayn Rand, but if this moron , Linda Wertmeiler (sp?) had ever read her work she’d know that (a) she was an atheist and (b) celebrated the individual value of each human’s life. So to compare her to some nut-wing Christian fundamentalist who slaughtered 95 innocent children is so stupid, so ignorant, that I conclude that the woman is not fit to swab urinals at NPR, let alone host a major Sunday morning program. Wertmeiler reveals everything that is wrong with NPR and everything that is wrong with stealing tax payers’ dollars to support her.
$1,000 pizzas losing their flavor in NYC. Not my crowd in either city but from what I read and hear, the Greenwich rich haven’t discovered anything shameful about wasteful extravagance. It’s their money.
Instapundit: Women more likely to sext than men. Sext?
SURPRISE: Women More Likely To Sext Than Men. “Based on news headlines, you’d think men are hands down more likely to sext (that is, for those who don’t know, send sexy pictures of themselves via text) than women. But, color us surprised, it seems the opposite is true!”