If you want to contact my publisherIt won’t do any good, but if you’d like to send along your opinion to my former publisher about his firing me, : Mhersam@hersamacorn.com will reach him. I’m just about to email him myself to cancel my subscription.
Entries from April 2008
April 29, 2008
Wall Street’s latest ScamThat would be, “auction rated securities”. These were financial instruments touted as ” just like certificates of deposit”, and carried as cash on the account statements of private investors. Turns out, of course, they aren’t, and now people who stashed their money in the things waiting to pay their kids’ college tuition [...]
April 29, 2008
The beat goes onHouses are still selling, despite bad market news. All it takes is a good price. Joe Barbieri’s listing at 33 Meeting House Lane has gone to contract somewhere around its asking price of $8,995,000. When I previewed it, I guessed its worth in the high 9’s or low 10’s, so this was [...]
April 26, 2008
Fired!My publisher, Greenwich Post, has just fired me – according to the owner, it came down to a choice between my readers, who liked me, and certain real estate agencies who did not. The latter pays bills, the former does not, so I got the heave ho. Fair enough, but I question the wisdom of [...]
April 17, 2008
The Helmsley PalaceThanks to David Ogilvy’s impressive power of persuasion, he was permitted to open the doors of his Helmsley listing on Round Hill Road to all of us unwashed agents who are no more likely to have a buyer in its price range ($125,000,000, if you’re asking) than David is to list my $250,000 [...]
April 17, 2008
Down MarketMy friend John Cooke at Prudential has sent me some statistics showing that unit sales for single family homes are down 39% compared to last year. That’s a big drop, but from conversations with other brokers and my own observation, it seems that sellers haven’t absorbed the information. Houses are, in general, ridiculously overpriced [...]
April 8, 2008
Market StatisticsJohn Cooke at Prudential received a fair bit of flack a few weeks ago for allowing himself to be quoted by another newspaper as saying the market was pretty darn bad. As John points out, he didn’t write the headline, he just told the truth but apparently there are those who think he, and [...]
April 3, 2008
MortgagesWe were actually doing pretty well this year in house sales: according to my friend John Cooke, at Prudential Ct, January 2008 showed a nice increase in sales from January 2007, but things have dramatically slacked off the past few months – I’ll have those statistics for you just as soon as John gets off [...]
