Dis Obeying De Blasio

Some guy named Casey Neistat, snowboarding behind a Jeep, driven by his brother, through the streets of snow-covered Manhattan. Very cool!

Some guy named Casey Neistat, snowboarding behind a Jeep, driven by his brother, through the streets of snow-covered Manhattan. Very cool!

My brother John sent me the link to this video. My favorite part is the beginning where De Blasio warns citizens not to go out for a drive lest they be “subject to arrest”.

Breaking all the rules, don’t tell the Mayor! (2-minute video, a must watch)

 

When The Government Says Stay Home, You….

Taking the Jag out for some winter exercise. Unfortunately, this model isn't all-wheel-drive, so even with snow tires, it was a little too "adventurous".

Taking the Jag out for some winter exercise. Unfortunately, this model isn’t all-wheel-drive, so even with snow tires, it was a tad “adventurous” (remember, panthers likes the jungle, not the tundra)

Go out, of course! The roads (around Greenwich, anyway) are fine, as long as you’re comfortable driving in snow. Don’t be a cry-baby!

 

The Jaguar stands in front of broker Jean Dana’s listing, at 3 Gisborne Place, off Old Greenwich’s Tomac Avenue, $3,995,000.

(alternative link if the one above becomes disabled)

 

 

The Next Bidding War?

24 Indian Field Road: rough shape yes, but at $550,000, it's a steal.

24 Indian Field Road: rough shape yes, but at $550,000, it’s a steal.

I drove by this place yesterday and peeked in the windows. It looks like a former occupant might have been a bit of a hoarder, there appeared to be cardboard boxes stacked to the ceiling. Oh, and according to the remarks, there is “water damage from a broken pipe”.

One could also gripe about the relatively busy street it’s on, and the proximity of the gas stations, but at $550,000, you can dismiss these petty objections! A price like that in Greenwich puts it near the bottom of our price range, so you take what you can get.

And what you get isn’t all that bad. The property is .3 acres in the R-7 zone, so that means it’s practically a double lot, and it backs up to a fairway of the Milbrook Golf Club. I stood in back yesterday and was amazed by how quiet it was. It dawned on me that this was potentially a good deal.

So what will the market think? I predict the price will be bid up by quite a bit, maybe all the way to $700,000+, who knows? And I think this was smart pricing, either by broker Julianne Ward, or the seller, or both.

Let’s watch this one and see how a (apparent) strategy of under-pricing plays out, shall we?

 

alternative link if the one above gets disabled: 24 Indian Field Road, Greenwich, CT

Motivated Seller?

24 Field Road in Riverside. Started at $5.295M, now offered at $4.795M.

24 Field Road in Riverside. Started at $5.295M, now offered at $4.795M.

There are phrases we brokers like to over-use…”location, location, location” is possibly the worst offender. It’s the punch-line of a trite little saying, “What are the three most important considerations when buying real estate?”

Then there’s “This won’t last”, “Owner says SELL”, “Spacious and gracious”… all rot! Garbage! Tiresome, hackneyed clichés! Do not use these phrases.

Having said all that, I’d like to use another one, almost as bad as the above…”Motivated Seller”. I use it to describe the owners of 24 Field Road, Riverside, CT. They paid $5,350,000 back in 2011, now it’s offered at $4,795,000. This is a Sound Beach Partners creation and, like all their stuff, it is superior quality and design (they have three, or is it four, going up right now on Club Road and vicinity).

P.S. This price-reduction will inspire one of my readers to exclaim: “Ah HA! See what happens when you buy a spec house? You lose money!” but the reader will be wrong. These folks bought the house when it was five years old, now it is ten years old. But they’ve updated it beautifully, so it looks fresh. Here’s how it looked back in 2006.

Alternative link, in case the ones above are disabled…

24 Field Road

 

 

Who Would Listen To George Soros?

George Soros, clown? evil genius? he's both!

George Soros, clown? evil genius? he’s both!

George Soros has gotten it right enough times that he’s piled up a net worth estimated by Bloomberg at $27.3 billion. But he’s also sly enough to proclaim his “concern” for the markets last week only after he’s shorted everything he owns. Now that he’s got his 1,000+ point Dow drop, he and his minions can pick up the bargains!

That’s just the normal fun & games of the market, but what really bugs me about Soros is that, when he’s not busy fleecing un-wary investors, he works actively to undermine free markets and free enterprise in general. Every far-left nut-group in the world can count on a yearly check from Soros because a., that’s his philosophical viewpoint, and b., he knows no matter what happens, he will still make money. Who cares if the little people starve, their businesses collapse, and dissenters get locked up (Venezuela, Cuba, North Korea), it’s all good in Soro’s book.

Viva revolución!