Daily Archives: March 13, 2013

Life in Bloomberg’s utopia

Millionaire uses his own bodyguard’s gun, left locked in the millionaire’s apartment, to fend off burglar. Prosecutor wants a three-year sentence for illegal possession of a weapon. Remember, when seconds count, the police are only minutes away. Or in New York City, maybe a half-hour. Okay, maybe an hour, but that’s it – tops!

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I’m not necessarily saying that we should bring back burning people at the stake but if we do, can we start with this one?

RobinMorgan

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March 13, 2013 · 3:37 pm

The low end continues to rock

31 Butler Street, $1.385, 47 DOM (that’s “days on market”, Walt) and 6 Watch Tower, $1.295, 16 Days.

I didn’t see Butler, but I did see, and then showed Watch Tower and liked it very much. To my very much un-expert eye, I think you could raise the ceilings in the living and family rooms and reconfigure the master bedroom area without a great deal of expense and have a nifty house. I had thought it would trade closer to $1.1 than $1.3, but it’s hard to keep adjusting price perceptions in this market. A good house, regardless.

6 Watch Tower

6 Watch Tower

31 Butler

31 Butler

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Sellers everywhere are convinced we’re back to and even ahead of pre-crash prices. Maybe so.

 

73 Glenville Rd

73 Glenville Rd

73 Glenville Road, a 1947 home last renovated in 1999 sold for $2.2 million in 2005 and is up for resale today at $2.8. It looks like a charming house but it’s my impression that Glenville Road is a harder sell than some other areas, and that prices haven’t suddenly accelerated along its path. But we can wait and see.

31 Lockwood Rd

31 Lockwood Rd

31 Lockwood Road in Riverside might have better luck getting the price it seeks, $2.149 million. It sold new for just $1.280 in 2000 but as we all know, the price someone paid for something has no relationship to what it may be worth today and, looking over what’s available in Riverside, I think this one will go.

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Accepted offer in the high(er) end

126 Parsonage Rd

126 Parsonage Rd

126 Parsonage has a contract. Its current asking price is $3.925, so a million less than where it started this process back in 2011, but really, that’s not so bad. And the owner has the satisfaction of landing a deal after exactly 500 days on the market.

I liked this house more than the clients I showed it to did. Everyone agreed that its location was perfect, but the floor plan, which worked for me, didn’t for them, and the yard, what there is of it, is off to the side (the green you see in the picture is more or less a carpeted cliff). There’s a nice pond in back and I thought the whole package was pleasing, so I’m glad that someone has finally agreed.

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Our prayers are answered

Obama will be leaving his (present) office, and town.

UPDATE: well darn, in a stunning upset, the boys in red went with an Argentinian. If he turns out to be a communist like our president, would that make him a Gaucho Marx?

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No, we’re not back to 2006 price levels; not in most parts of town

 

81 Halsey Drive

81 Halsey Drive

81 Halsey Drive has cut its price for the second time in 126 days and is now asking $919,000. The owners paid $975,000 for it in 2006 and relisted it 4 months ago for that same price. Perfectly good house, but the market says that price is too much, too soon.

I think this property illustrates why we have such limited inventory this spring market: people who don’t have to sell aren’t, because the recovery in prices still has a ways to go.

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Obama: “elections have consequences”

Birthday concerts at the White House are not among the consequences

Birthday concerts at the White House are not among the consequences

He said it in November, he’s still saying it today. On the subject of cancellation of White House tours for school kids ($73,000 per week), our Messiah explained it thus:

“But– but– I’m always amused when people on the one hand say– the sequester doesn’t mean anything and the administration’s exaggerating its effects; and then whatever the specific effects are, they yell and scream and say, “Why are you doin’ that?” Well, there are consequences to Congress not having come up with a more sensible way to reduce the deficit.”

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The professor sums it up

MORE PUBLIC SCHOOL INSANITY: Wisconsin Educrats Encourage Students To Wear “White Privilege” Wristbands.Hey, maybe we can get yellow stars for the Jews, too. Fun for everyone!

Posted at 8:41 am by Glenn Reynolds 

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Golly gee

9 Bonwit Road

9 Bonwit Road

9 Bonwit Road, NoPo Riverside, built in 1955 and untouched since, 0.18 acre, listed for $799,000 and has a contract in less than 7 days. That was too quick for a picture to be posted (I’ve supplied one – you’re welcome), but do I discern the faint scent of soap bubble in the air? (Although to be fair, other houses like this are fetching prices in this range, so we’re not looking at a single, isolated example. In which case, maybe this is the new normal).

UPDATE: A reader/realtor points out this part of the listing, not visible to the public: Agt-to-Agt    CALL LB. NO SHOW UNTIL 3/15.

 

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A culture of corruption*

Awaiting the summons from Rome

Awaiting the summons from Rome

Obama hands chief donor Ronald Perelman a huge no-bid contract for a drug that’s both unnecessary and overpriced by a factor of hundreds.

Over the last year, the Obama administration has aggressively pushed a $433-million plan to buy an experimental smallpox drug, despite uncertainty over whether it is needed or will work.

Senior officials have taken unusual steps to secure the contract for New York-based Siga Technologies Inc., whose controlling shareholder is billionaire Ronald O. Perelman, one of the world’s richest men and a longtime Democratic Party donor.

When Siga complained that contracting specialists at the Department of Health and Human Services were resisting the company’s financial demands, senior officials replaced the government’s lead negotiator for the deal, interviews and documents show.

When Siga was in danger of losing its grip on the contract a year ago, the officials blocked other firms from competing.

Siga was awarded the final contract in May through a “sole-source” procurement in which it was the only company asked to submit a proposal. The contract calls for Siga to deliver 1.7 million doses of the drug for the nation’s biodefense stockpile. The price of approximately $255 per dose is well above what the government’s specialists had earlier said was reasonable, according to internal documents and interviews.

Hell, this one’s so egregious that even The New York Times is forced to hint that something – ahem – “untoward” is going on.

Asked for comment, Greenwich Democrat Chairman Francis Fudrucker replied as follows: “Our leader promised that  ‘I will finally end the abuse of no-bid contracts once and for all. The days of sweetheart deals for Halliburton and the like will be over when I’m in the White House.’  “He said it, I believe it, that settles it – so this didn’t happen.”

* Long time political junkies may remember Nancy Pelosi and her fellow Democrats vow, back in 2005, to “drain the swamp” and “eliminate the culture of corruption” that had engulfed Washington under Republican rule.  She has yet to fulfill that promise but just give her four more years.

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But now he is the ruler of the Queen’s navy

 

We're in the best of hands

We’re in the best of hands

Admiral of the Pacific frets about global warming.

(Boston Globe) — America’s top military officer in charge of monitoring hostile actions by North Korea, escalating tensions between China and Japan, and a spike in computer attacks traced to China provides an unexpected answer when asked what is the biggest long-term security threat in the Pacific region: climate change.

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No money for meat inspectors, but for Big Agra …

But we won't buy it in anything bigger than 1 lb sacks!

But we won’t buy it in anything larger than 1 lb sacks!

Fresh from Michelle Obama’s fitness drive, government plans huge new subsidy for sugar growers.

The U.S. Department of Agriculture is considering buying 400,000 tons of sugar—enough for 142 billion Hershey’s Kisses—to stave off a wave of defaults by sugar processors that borrowed $862 million under a government price-support program.

The action aims to prop up tumbling U.S. sugar prices, which have fallen 18% since the USDA made the nine-month operations-financing loans beginning in October. The purchases could leave the price-support program with an $80 million loss, its biggest in 13 years, said Barbara Fecso, an economist at the USDA, in an interview.

The move would benefit companies that turn sugar beets and sugar cane into granulated sweetener, a business plied by American Crystal Sugar Co., Amalgamated Sugar Co. and U.S. Sugar Corp. The USDA wouldn’t say how many companies have received loans, or identify them. U.S. Sugar said it doesn’t have any USDA loans outstanding. American Crystal and Amalgamated didn’t respond to requests for comment.

Oh, and don’t fret, there’s a bone in here for ethanol producers too:

Any defaults on loans this year would be the first test of a provision in the 2008 Farm Bill that requires the USDA to sell forfeited sugar to ethanol producers. Most ethanol in the U.S. is distilled from corn.

To entice ethanol producers to buy sugar to mix in with corn, the USDA expects it will have to take a 10-cent loss on every pound of sugar it sells, bringing the total to $80 million if 400,000 tons are purchased, Ms. Fecso said.

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Well here’s an improvement

Japan, which voluntarily shut down its nuclear plants, looks to “methane ice” to provide energy. Propeller beanies aren’t enough to keep a country running, it turns out, but I suspect that Japan’s greenhouse emissions will soon soar. Progress.

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Representative Looney will be disappointed; a fellow great thinker’s idea is met with scorn

Britain: Cameron’s proposal to set a minimum price for alcohol goes down the drain. 

Charities claim super-strong beers are causing more damage to vulnerable people than heroin or crack cocaine. [But] critics insisted it would push up the price of drink for ordinary consumers at a time of austerity. A 45p per unit minimum price would mean a can of strong lager could not be sold for less than £1.56 and a bottle of wine for less than £4.22.

[M]uch of the Cabinet insisted it would be disastrous to penalise hard-working families who drink responsibly.

Mr Lansley, the Leader of the Commons, said: ‘It is more likely to have a bigger proportionate impact on responsible drinkers who happen to be low-income households’.

In Hartford, the Democrat Majority Leader Martin Looney’s own proposal to tax bullets $2 apiece continues to work towards passage.

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