Daily Archives: July 13, 2014

Get them when they’re young

Here’s a Toyota employee indoctrinating public school kids in the virtues of the Toyota Prius and the necessity to collaborate “very few inventions are come up with by people working alone – that’s just not how it works”, the chirpy flack tells the kids.

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Chris R sends along this cheer-up message for the Argentines

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It’s finally ending

 

Play ball!

Play ball!

Germany and Argentina are facing off in soccer. Don Imus said it will be the “first all-Nazi World Cup” which is pretty funny, and might even be true.

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If you must drink and drive, do it in Kansas City

 

"Super Sorry"

“Super Sorry”

120 days for killing man on motorcycle and fleeing the scene. 

The defendant, 25-year-old Ronald O’Kelly, did allow the he was “super sorry for what happened”, and that no doubt swayed the judge because after all, this wasn’t caused by the young man choosing to get drunk, run a red light while talking to his girlfriend on his cellphone and plow into someone, “it just happened”, and “super sorry” is sufficient for that.

I do like this part from O’Kelly’s defense attorney on the day he agreed to a plea deal:

[I]t wasn’t an easy decision to accept the plea deal, and it took a lot of consideration by his client.

“He’s had a tough year already,” Picerno said.

Jesus wept.

 

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Then, and now

June 12, 1987

June 12, 1987

2014

2014

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Foreclosure sale coming (public open house today, 2-4)

 

180 North Street

180 North Street

180 North Street is scheduled to be sold at auction soon. There’s a sign posted with the date, and I’ll check it later, but these things are subject to change; for instance, the original sale date was June 18th. In any event, it will happen soon – like this week – because the owners have given up and a judgment of strict foreclosure was entered by the court March 18th of this year. The underlying debt is, so far as I can tell, $2.961 which, if that’s all the bank wants, might just be close to what the property’s worth. What usually happens in these cases is that the bank adds up all the accrued interest and legal fees, etc., and comes up with a number that exceeds the property’s value. In which case, the bank keeps it, until someone in the institution gets real. But strange things can happen at these sales, and if you could bid, say, $2.5 million and get the house, it would be worth it.

The problem with this house is not so much the design (awful) or the builder (Mariani, who built it for the owner who, in turn, expected to sell it at a profit – no house, even in Greenwich, can provide profit for both the builder and the person hiring him), but the land: it’s swamp,with a small portion of dry land on which the house sits, and mosquito-muck on all sides. All that said, the house is nice enough inside, and who wants to go outside in this day of video games and internet porn, anyway?

It was priced at $5.495 back in 2007, a laughable sum, and hung around in the $4s for the next five years. It finally dropped to $3.850 in late 2012 and I tossed a couple of bids at it on behalf of clients, but we were talking $3, even, and the owner insisted on far more. By the time he dropped it to its current price of $3.425, it was too late to save his hide.

So now it’s the bank’s. I’d pay up to $2.5, to allow for the seven years of ownership by a bankrupt owner, unable to afford maintenance, and if the bank prefers to retain ownership, I’d let them; sooner or later, it will want to get it off its books.

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