Daily Archives: May 30, 2014

Correlation is not causation


(I was looking for something else, but I do like this image)

(I was looking for something else, but I do like this image)

WSJ: Deadlines for offers stir more action

Want to get people moving? Set a due date. In real estate, deadlines bring results—and high returns.

So far this year, 58% of home listings with published offer deadlines sold above list price, according to an analysis of 37 major metropolitan markets in the U.S. by real-estate brokerage Redfin. Listings with offer deadlines also averaged 31 days on the market, compared with 61 days for listings without published deadlines.

Published offer deadlines—where real-estate agents cite a specific due date for offers in the listing and marketing materials—are rare. Less than 4% of U.S. listings include a deadline, according to the Redfin data, and most of those are written in private agent-to-agent comments instead of public listing descriptions.

In my experience, an offer deadline pops up only when multiple offers have already been made, so of course a house sells quickly – there are buyers for it. That interest causes the deadline, not the other way around.

And imagine if, in advertising your new home, you put in such a deadline and no one bites; won’t you look silly trying to sell a house in July that you set a deadline offer on  of May? Even if you were to delete the phony deadline, rest assured that someone – perhaps an insufferable bloggist – will resurrect it and use it to embarrass you. Even worse than embarrassment, though, an expired deadline shouts to the world that no one wants your house. Bad message.


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I thought that’s what emergency evacuation doors were for


Where does a 90-kb pit bull shit? Anywhere it wants to

Where does a 90-kb pit bull s(h)it? Anywhere it wants to

Flight diverted, emergency declared after large dog craps in the aisles


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God is great

Muslim terrorists are enjoying a wonderful party until the suicide vest they’re playing with puts an early end to the festivities. Boo hoo.


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Fudrucker has himself a listing

60 Oneida Drive

60 Oneida Drive

Over at Lockwood & Mead, it seems that Francis has found a property to list, 6 acres of waterfront at 60 Oneida Drive, asking $25 million. This may prove an overly aggressive price. Back in 2010 or so this same property was initially listed for $21 million before eventually selling in late 2012 for $11 million. Still, waterfront land has increased in value lately, and the seller seems to have obtained a dock permit, so ….

UPDATE: Frankie explains the new price:

The full listing has been officially subdivided, peace has been achieved with the neighbors and the association, a dock permit has come by, and a mostly approved plan for a brand new house is also in place. See the exciting website at 6o Oneida.com


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And another contract


26 Broad Road

26 Broad Road

26 Broad Road, near Belle Haven and asking $6.595 million, has a buyer. The owners paid $6.450 million for the place in 2007, a price that astonished some of us, then redid it in 2008 and placed it back up for sale in February, 2010 for an even more improbable figure, $9.250.  It sits on an acre of land, so it has that going for it.

Comments Off on And another contract

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Contracts reported


300 Taconic Rd

a  300 Taconic Rd

300 Taconic Road, asking $1.925 million (no pictures, thanks to the Greenwich Association of Realtors monopolists). The owner paid $2.4 million for it in 2000 and poured a lot of money into improvements/renovations. I thought this was a pretty nifty deal, but it took a couple of years for a buyer to show up who agreed with me. Not my sale, but I admire the buyer’s perspicacity.


14 Carissa Lane

14 Carissa Lane

14 Carissa Lane, asking $2.195 million.


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Yeah, well, that was back when it was Bush’s fault

Where’s Hillary on the VA scandal? So far, not a peep out of her, even though she was hot on the subject back in 2008

“As a President, President Bush has not done what we needed to do for our veterans,” Clinton said at an El Paso, Texas campaign event in February of 2008. “We haven’t funded the VA. We have so many coming home who are injured and not being taken care of. I think it is the highest obligation of the President, who is also our commander in chief, to take care of those who have served our nation.”

Clinton pledged as president she would take care of U.S. veterans.

“I pledge to you: I will take care of our veterans. I will make sure our youngest veterans get what they need. We will honor our oldest veterans from World War II and I want to pay special attention to the veterans of my generation who served and fought in Vietnam, to give them what they deserve to have.”

In fairness to the lady, she’s also keeping mum about her role in Benghazi.


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The collapse of higher education

At FWIW, we'll offer computerized diet programs!

FWIW computerized weight-loss program

How desperate are universities to justify their existence and their fees? This desperate:

University students learn important “life lessons”, study says, like changing a lightbulb and cooking a soft-boiled egg.

Changing a lightbulb, feeding yourself for £20 a week and cooking a jacket potato are among the true life lessons students take from university, a study says.

It revealed that students are taking home more than just a degree, with learning how to stay up all night named as the most common skill learned.

Conjuring up last-minute fancy dress outfits and boiling the perfect egg are also lessons graduates are taking from their time studying away from home.

Parents, we are proud to announce the formation of the For What It’s Worth Life Institute where, for just $25,000.00, we will teach your child all these life skills in just six hours. You’ll save $200,000, and your child will have four extra years to devote to meaningful activities and get on with his or her life.

But wait, there’s more! As a one-time bonus, we will also teach them to change a flat.

Call today.


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Resume inflation


Somaly Mam hits the jackpot

Somaly Mam hits the jackpot

Somaly Mam kicked off board of Somaly Mam Foundation 

One of the world’s leading anti-sex slavery activists got bounced from her own foundation because her heartbreaking tale of being sold into child prostitution and years of abuse fell apart.

Somaly Mam had become the pretty, glamorous face of the anti-sex trafficking movement, courting celebrities and world political leaders. The Cambodian claimed she was an orphan, sold into sexual slavery and repeatedly raped and abused for years. She only worked up the courage to escape after seeing a friend killed in front of her.

But over the past several years, Mam’s life story has been slowly picked apart by childhood friends, culminating in this week’s stunning ouster.

[F]riends of Mam said she grew up with both parents, graduated from high school and led a happy, comfortable childhood.

Mam has always struggled to keep her story straight, according to a front-page exposé by Newsweek magazine this week. In her book, “The Road of Lost Innocence,” Mam said she was trafficked when she was “about 16 years old.”

The 40-something Mam — whose precise age has never been stated — always knew when cameras were rolling, according to a psychologist who did volunteer work for Mam’s Cambodian charity AFESIP.

“[With donors], she’s very polished and very on and very charming … exceedingly charming,” the whistle-blower told Newsweek. “And when people are not there, she can be tyrannical; she’s moody, she’s erratic, she’s entitled.”

There will always be charlatans who profit from imaginary, or, in this case, very real problems. Al Gore could not be reached for comment.


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May 30, 2014 · 5:20 am