Unlike some others who've seen their careers disappear in a flash of smoke, this idiot did it all by himself

Why is this man smiling?

Why is this man smiling?

Jusse Smolett is about to be indicted

Chicago police on Wednesday said they believe that “Empire” star Jussie Smollett made up claims that he was the target of a racist and homophobic attack — and evidence against him was being presented to a grand jury.

“Case Update: Jussie Smollett is now officially classified as a suspect in a criminal investigation by #ChicagoPolice for filing a false police report (Class 4 felony),” police spokesman Anthony Guglielmi tweeted.

“Detectives are currently presenting evidence before a Cook County Grand Jury.”

From what I’ve read, his greatest exposure comes from the penalties for federal mail fraud — he shouldn’t sent himself that threatening letter.

"New" in Riverside

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107 Meadow Road, a 1925 mansion owner by the widow of Mr. Brace of Harcourt-Brace publishing fame, tried for $6.995 back in 2016, but because of severe deed restrictions that prevented any change in the exterior or any addition in space, its market value was hammered. Still. it did find a buyer at $3.7 million, and that buyer has restored and renovated it and today returned it the active listing list at $8.695. Hmm.

Meadow is a fabulous street in a great neighborhood, and this house, on three acres perched high above on the hill, enjoys a wonderful view over Od Greenwich Cove, so there’s nothing to argue about the setting.

Some may object to the house itself, however. The builders were constrained by those deed restrictions, so the house remains the same size: at 7,603 sq.ft. that’s hardly an obstacle, but they might have redone/rearranged that space, if permitted, and the garage remains a detached structure.

They did manage to install central air — I’d wondered whether outdoor compressors would be allowed — and replaced the old heating system, so that’s all to the good. I’m not sold on the kitchen, which seems to have retained its tiny, cramped size, albeit with modern appliances added, and the bathrooms, while updated, remain pretty-much what they were.

But it is a great location, so someone may fall in love with this grand old dame.

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It may not date to 1925, or even pre-war, but this pool could have used some updating after its service to the previous owner: at least, for $8.695, one might expect so. (By the way, I’ve never before seen staged pool statues — hope for low winds)

It may not date to 1925, or even pre-war, but this pool could have used some updating after its service to the previous owner: at least, for $8.695, one might expect so. (By the way, I’ve never before seen staged pool statues — hope for low winds)

Greenwich's own has a novel idea: raise taxes, especially on Greenwich

What could go wrong? These geese aren’t leaving.

What could go wrong? These geese aren’t leaving.

Municipalities will now be saddled with 25% of teachers’ pension costs, sales tax expanded to anything that walks, talks or streams.

It takes a bit of effort (not much) to wade through Lamont’s verbiage, but here are some of his new income sources:

Goods and services will be taxed equally: Equal tax treatment levels the playing field and discourages the purchase of certain items in lieu of others. For example, it doesn’t make sense to apply the full sales tax to the purchase of a movie on a disc, but not the electronic downloading or streaming of the same film. Nor does it make sense to tax the materials you need to repair or renovate a home, but not on the architect, engineer, or contractor who do the work.

So sales tax on building services, and tax on your Netflix.

Governor Lamont is proposing a municipal cost-sharing plan under which each municipality or local board of education will be responsible for at least one-quarter (25 percent) of the normal pension cost paid on its behalf by the state. Those municipalities who have teacher salaries above the statewide median will be asked to pay a share equal to each percentage point they are above the median. To avoid further burdening struggling towns and cities, all distressed municipalities will contribute five percent of their associated normal cost.

Greenwich and a few other towns will pay 25% of their teachers’ pension costs, the rest of the state gets a pass.

(You can ignore the rest of the Governor’s spiel about state workers’ unions contributing towards reducing the deficit: they’ve already pronounced any such idea as dead on arrival.)

Add on Lamont’s fellow-Democrats’ plans to raise the income tax on “the tippy-top” of earners — that would be Greenwich residents— and a new 1% property tax, and we’re in for a rough ride (and don’t forget tolls and higher gasoline taxes.)

Spending cuts? hahahaha


Probably no need to rush on this one

Hunting-Lodgy places have never been big sellers in Greenwich, and are definitely a drag on the market now

Hunting-Lodgy places have never been big sellers in Greenwich, and are definitely a drag on the market now

2 Conyers Farm is back as a “new” listing (new broker; otherwise unchanged) at $4.795 million. It’s comprised of a beautifully redone guest cottage and a 10-acre building lot. with wetlands, and that hasn’t proved to be a winning combination during the years this has been on the market.

The owners paid $5.350 for it in 2012 — more fools they — and have been trying to unload it since 2014, when they started at $6.995.

Ironically, I attended a Romney fund-raiser up at Conyers in 2012 (as an invited, free-loading guest, I assure you, not one of $10,000 donors), the year these people bought 2 Conyers, and dined at a small table with some delightful people, including Ari Fleisher and his wife, and a couple who were neighbors of our host. Conversation eventually evolved from politics to real estate, focusing on the decline of Conyers Farm values, and those neighbors told me that at least half the homes up there were “quietly for sale”. I believed them then, and I imagine that that figure has only increased in the years since.

My best guess is that it would require at least ten, probably fifteen million to buy this land, landscape it, and build a mansion. Who on earth would do that, when he could pick up someone else’s $10 million mistake for half that number?

And what good is a ten-acre lot anyway? The owner spends weekdays in the City, comes home in darkness, heads out to his Montana condominium on weekends, and doesn’t play polo. Charles Croker’s 29,000 acre Georgia quail hunting plantation “Turpimtime” offered some useful space, but what does one do with ten acres in Greenwich, except to maintain it and never use it? Times, and tastes have changed.

Developer John Fareri paid $1.050 for this land in 1994, and that may be exactly where this property is heading, however slowly.

Perma-inventory?

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That’s how one FWIW reader describes certain houses, and though I’m not sure it applies to this house, 268 Round Hill Road has been kicking around for a while Today it dropped to $6.8 million, down from its 2014 opening ask of $10.5.

It sold for $6.4 in 2005, then $6 million in 2007, so the trend was beginning to be discernible, The agent responsible for listing it at $10.5 in 2014 described it as having undergone in 2008 “an exquisite and complete remodel, restoration, and renovation [and an addition]. No expense was spared”, and I believe it. For 1968. construction, this house is absolutely top quality, and it should be remembered that there were builders in Greenwich constructing fine homes back then — not many, perhaps, but this was clearly built by one of them.

All that said, the current owner’s costs sunk into renovating the house she purchased for $6 million fourteen years ago have surely been lost.

Still, nice house, and who knows? Maybe it’s a bargain now.

Old houses are still staying put

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137 Old Mill Road has cut its price and as of today, can be yours for just $5.8 million. This 1929 house was last renovated in 1984, and shows it. Ogilvy ran the listing from 2014 until recently, and he valued at $11.5 million. That proved unduly optimistic; perhaps the current broker’s price will be closer to the mark, although I think it is still aspirational.

Charming house in every way, but the market is headed in another direction.

Are builders stirring?

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135 Valley Road (the Valley Road behind the Mercedes dealer, western Post Road), 3-lot subdivision, has a contract: asking price, $4.950 which, considering each lot will be just one acre, strikes me as a surprisingly high price, but perhaps there has been some considerable negotiation of that asking number.


29 Montgomery

29 Montgomery

29 Montgomery Road, off Stanwich, $1.1 million ask, contract in just 13 days. That’s quick.

I wish someone would send this OCA (but teach her reading comprehension, first)

THE LAST ONE OUT TURNED OFF THE LIGHTS

THE LAST ONE OUT TURNED OFF THE LIGHTS

Australia and its disastrous green energy plan.

In fact, I’ve been reading about the debacle for several months now, but it’s a lesson worth repeating. Maybe introduce it to GHS students? Nah, never happen.

FEBRUARY 19, 2019

UNEXPECTEDLY: Australia’s Obsession With Hopelessly Intermittent Wind & Solar Wrecking Entire Power Grid.

Australians once enjoyed affordable power, reliably delivered: the chaotic delivery of wind and solar changed all that. Australian power prices have rocketed out-of-control: its wind and solar power capital, South Australia pays the highest electricity prices, in the world.

Mass power cuts (aka load shedding and demand management) and mass blackouts are the new normal. And yet, the lunatics responsible are hell-bent on doubling down to deliver the final and fatal blow to Australia’s Eastern Grid (geographically, the largest interconnected power grid on the planet).

As Jo Nova explains, electricity generation and delivery is a finely balanced thing; and the sudden massive surges and collapses that are part and parcel of wind and solar generation are taking their toll, with much worse to come.

Ayn Rand didn’t write The Return of The Primitive as a how-to guide.