So what's happening? Nothing

36 Zaccheus Mead — rented at $50,000

There’s really been no significant real estate activity of note recently, and between that absence and my starting away from the Internet because I’m tired of reading about Kung Flu, there’s no material worth posting about.

Rentals are still going strong, especially as spec builders and other disappointed sellers turn to the Manhattan refugee market to stem the bleeding. 36 Zaccheus Mead, which has stubbornly refused to sell at various prices beginning at $10 million, went up as a rental at $50,000 per month, one-year term, and went in 7 days.

That’s typical, and sort of, kind of interesting, but the powerhouse of the Greenwich real estate market, sales, is moribund.

How long will that last? One reason I stopped perusing the Internet is that I kept encountering idiot commenters who seem to believe that the economy is like a light switch, which can be turned on-and-off at will. Of course, those same people have no idea why a light switch works (Michael Moore admitted yesterday that he had no idea where the electricity that powers the electric cars comes from), so it’s no wonder that they believe in magic in economic affairs.

My fear is that the world won’t recover from this disaster for a decade, if at all. In which case, housing sales will be the least of our problems.

So screw it. If I can think of something to comment on that doesn’t trigger a deep mental depression, I’ll do it. Check back tomorrow.