Daily Archives: August 11, 2015

What kind of fascist state are we living in, anyway?

Kill the pigs!

Kill the pigs!

Ferguson cops shoot black man just because he was shooting at them

A peaceful day of protest and remembrance dissolved into chaos late Sunday when a man fired multiple shots at four St. Louis County plainclothes detectives in an SUV. The detectives fired back and the shooter was struck, said county Police Chief Jon Belmar. He was in critical condition.

Tyrone Harris identified the victim as his son, Tyrone Harris Jr., 18, of St. Louis. Harris said shortly after 3 a.m. that his son had just gotten out of surgery…

“We think there’s a lot more to this than what’s being said,” Harris Sr. said.

Uh huh.

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Well, it was worth a try

Pioneers are often unpleasantly surprised

Pioneers are often unpleasantly surprised

The first of three spec houses on River Road (the River Road on the east side of the Mianus), number 647, has cut its price from $3.5 million to $3.4, thus beginning what I predict will be a long, drawn out process of retreat. Or maybe not; the market may have shifted north of the Post Road to this location and the $3 million range is now doable, but, so far, the road remains an isolated stretch along the Mianus River, with mostly unprepossessing homes, and I think 647 will be a tough sell, at its current price.

647 River Road

647 River Road

It looks like a perfectly nice house, though, and someone may prefer the isolated location over more crowded spots. The good news for the builder is that, having paid just $1.7 million for all three lots, there should be plenty of room to accommodate a miscalculation of the price range here.

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56 Old Church Road sells

56 Old Church Road

56 Old Church Road

56 Old Church Road, which started off in 2008 priced at $3.750 million, sold this past July 21st for $1.880 million. This was (is) a lovely, gracious home, in a great location, but because of its hugely undersized lot, it will have to be renovated, rather than replaced (or I think so, anyway). Hooray for that, but the market for complete rehab jobs is limited in Greenwich and the number of potential buyers few.

I had one such couple, but our offers in this final price range were repeatedly rejected, doubtless because the owner still believed that original suggested price of $3.750 and couldn’t stand to bear such a “loss”. So here’s a tip: you aren’t losing money when you cut your price, you’re adjusting to the true market price, no matter what your agent may have originally told you. This owner could have saved herself seven years of bother trying to sell her unsellable $3.750 million house had she received good advice in the first place or accepted reality sooner.

So it goes.

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If only

Two-bit petty crook William Preston King takes a time out

Two-bit petty crook William Preston King takes a time out

The NY Post has a weepy (well, sort of) article this morning on the ruination of a penny stock fraudster, one William “Preston” King, who claimed he ran with the Stratton Oakmont crowd (“Wolf of Wall Street scum) before succumbing to alcohol and cocaine.

I checked it out, because, having pursued these cretins in a previous career, I’m always delighted to see them fall. Unfortunately for justice, Mr. King appears to have lied to his peers as grandly as he lied to his victims – a review of his employment history with FINRA shows that he moved through a series of lesser boiler room operations and lasted merely months – even days – at them all. The “plum job” or “powerful position” he was supposed to have held at the one legitimate firm in the bunch, Oppenheimer, lasted just 10 months, hardly enough time (at a legitimate broker) to amass the wealth he claimed.

A crook who preyed on the gullible and ignorant? Certainly. But really, Mr. King’s story is just another tale of drugs and addiction; a typical end, but not the spectacular one portrayed in the Post.

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