The definition of insanity is doing the same thing — raising the price — and expecting a different result

 New Orleans whore house? (And is that really the well pipe sticking up on the front yard, exposed so prominently after 11 long years?)

New Orleans whore house? (And is that really the well pipe sticking up on the front yard, exposed so prominently after 11 long years?)

634 North Street, a dreadful example of failed architecture, has never sold since its builder erected it in 2007, when he priced it at $7.495 million, and continued to repel buyers even after he increased its price to $8.950 in 2008. He's rented it out since then, and did drop his ask to $7.499 in 2015, but today it's back, at $10.950.

Who among us hasn't appreciated the jollity occasioned every time we pass this vulgar, pretentious house crammed next to the North Street entrance to the Merritt Parkway, so out-of-character with Greenwich architecture, erected by a Louisiana developer? But enjoying a good joke and actually buying it are two separate things: so far, in eleven years, no one's stepped forward to pay for the entertainment, or being the new butt of the joke.

I predict that this new price increase will only delay the appearance of the greater fool, who surely is out there, at some price.