Maybe there's a maximum price for a particular house, just as trees have maximum heights

127 Shore Road. Detached garages, even with breezeways aren't popular with some buyers

127 Shore Road. Detached garages, even with breezeways aren't popular with some buyers

127 Shore Road in Old Greenwich has cut its price again and is now asking $3.299 million. It's a very nice house built in 2008 by Tim Muldoon, who does excellent work, but it's curious that back then Muldoon started off at $4.2 in 2008 and finally sold it to this owner for $3.3 million in 2009. Curious, because this owner too started off at $4.2, in 2014, and now she's back to where she started. 

The style, to my eye, already looks a little dated; I think the day of coffered ceilings, if it ever arrived, has gone by. And sacrificing the back yard to a pool was a mistake - certainly, as today's price cut shows, it didn't add value. All that said, it's still a good house. But with closer to $3 than to $4, according to the market.

I'm not sure this will help the home's chances - in fact, I think it neatly summarize its problems

Pagoda meets bunker on the mud flats of Old GREENWICH

Pagoda meets bunker on the mud flats of Old GREENWICH

Back last week I wrote, neutrally, I hope, abut a new $8 million house listing at 6 Little Cove Place in Old Greenwich. Because it was a new listing I thought it fairer to just put it out there and let the market (and readers) have the final word. But a Greenwich Time reporter has now laid her finger on exactly what's unappealing about this house: 

If you can't decide what shape you want your house to be, don't worry? There's a home on the market in Greenwich that's all of them.
The house at 6 Little Cove Ln, Old Greenwich has round rooms, square rooms and triangular rooms with piqued ceilings. It won the 2015 Home Builders & Remodelers Association of Connecticut award for best custom home and is on the market for $7,795,000.
"Designed by Pagliaro Bartels Sadja Architects the unique design incorporates elements of classic shingle style, while also displaying an open modern design with Baroque and Asian influences," the listing writes.

A two-bedroom house (with a closet offering emergency accommodations for a third) is always going to be a tough sell at $8 million, but when even a Greenwich Time real estate reporter and the listing agent herself admit that the place is basically a dog's breakfast of shapes and architecture styles, you have trouble.

The writer tries to assure buyers that, at Little Cove, they won't have to decide on a particular shape, "because [this] has all of them". I have no idea what that means, and neither, I suspect, does the Greenwich Time scribe. My personal opinion is that, if the architect couldn't decide on what he was aiming for, buyers will pass on the place and look for a house whose designer knew what he wanted to do. 

In the comments section of the original post, EOS said,

This design has ZERO appeal to me because the house isn't at all practical. I see ONE room where someone can sit down - the one with the fireplace and two sofas. No wall for a TV to watch football. What do you do in the round library? Sit on a tuffett and play backgammon while sipping port?

Yup. You nailed it, pal.

Speaking of bunkers reminded me of this Hitler bunker tape - probably one of the first in the now 8-year-old series. Still a classic.

 

Projection:

A theory in psychology in which humans defend themselves against their own unconscious impulses or qualities (both positive and negative) by denying their existence in themselves while attributing them to others.

Just as the Left has called conservatives racists for years, while lashing out at conservative blacks and describing them as "House Niggers" (Clarence Thomas) and "Bush's whore" (Condoleeza Rice), they've now turned on the first woman to lead a victorious presidential campaign, Kellyanne Conway. 

Does anyone else remember when the same people were accusing Trump of being a sexist pig who degraded women? That's so yesterday - literally.

I can hear their heads exploding all the way up here

Let's hope there were no polar bears aboard

Let's hope there were no polar bears aboard

Trump names his head of the EPA, and he's a doozy.

President-elect Donald Trump plans to nominate Scott Pruitt, the Republican attorney general of Oklahoma and a frequent legal adversary to President Obama, to lead the Environmental Protection Agency (EPA), a transition official told The Hill.
If confirmed by the Senate to oversee the 15,000-employee agency, Pruitt would take the lead on dismantling the EPA regulations that Trump targeted throughout his campaign as job killers that restrict economic growth. 
Pruitt has been a legal opponent of President Obama over nearly every major regulation and executive action, not only on environmental issues but also ObamaCare, immigration and bathroom use by transgender people. 
Pruitt has led litigation against Obama’s landmark climate rule for power plants, as well as water regulations and standards for ground-level ozone pollution, haze, methane and more. 
As EPA head, Pruitt would help carry out Trump’s campaign promises to repeal Obama’s entire executive climate change agenda, including the Clean Power Plan, which the president-elect said he will target in his first 100 days in office.
Trump also wants to repeal the Clean Water Rule, roll back rules on fossil fuel production, review all existing regulations for potential repeal, put a moratorium on nearly all new regulations and require that two rules be repealed for every new rule put in place. 
The Clean Power Plan is the centerpiece of Obama’s climate push, ordering a 32 percent cut in the energy sector’s carbon dioxide emissions by 2030.
Trump sees the plan as part of a “war on coal” by Obama.
“We’re going to get those miners back to work,” Trump said at a campaign rally.
Pruitt has taken a lead role among Republican attorneys general challenging the plan and has argued it would shut down numerous coal-fired power plants in Oklahoma and raise electricity prices.
“This is an effort that I think is extraordinary in cost, extraordinary in scope, and I think extraordinary as it relates to the intrusion into the sovereignty of the states,” Pruitt said in September about the regulation.
He charged that the rule “coerces” states to reorganize their electricity systems and “commandeers” state resources to do that, in violation of the Constitution. 
“It’s an invasion ... of the state regulatory domain, and it’s something that is unique and breathtaking as it relates to the kind of rule making the EPA has engaged in historically,” he said.
Pruitt and his fellow GOP attorneys general succeeded in convincing the Supreme Court to put an unprecedented pause on the rule earlier this year. 
Pruitt has also been a key figure in fighting the Clean Water Rule, also known as Waters of the United States, which asserts federal jurisdiction over small waterways like wetlands and streams.

It's going to be a fun year.

Buy, renovate and rent

April, 2016, $412,500

April, 2016, $412,500

61 Mead Avenue, in Byram, sold last April for $412,500.

The new owner did  quick reno - but it looks nice - and has put it on the rental rolls today at $5,150. That seems like a stretch for Byram, although I really don't follow rents down there, and presumably this buyer does, so God bless. It does point out a phenomenon that Cos Cobber has observed here, often, is occurring in more conventional parts of Greenwich: a ton of the least expensive houses are being sold to would-be landlords. That's not a bad thing, although it does make things harder for first-time buyers, but it's interesting. Yesterday I posted on Blackstone's venture into the rental market on a huge ($10 billion) scale; this is Blackstone, writ small.

Here's the new rental listing, and here's its picture:

December

December