Fore!

6 Golf Club Road, overlooking the Greenwich Country Club, sold for $3.450 million in 2000, $4.1 in 2004, and is priced as of today at $3.295. The whole idea behind real estate “investing”, damn it, is that prices will rise over the decades, not fall. Someone’s got this wrong.

(That 2000 listing’s claim that the house is just “TWO MINUTES FROM TOWN” stirs a warm feeling of nostalgia for the good old days, when agents could just flat-out lie without repercussion. Our deceptions have to be a bit less blatant today, and that’s too bad; stifles creativity.)