No luck. We just could figure out how to make one decent bedroom out of the 5 half-beds in the house.

I don’t want to insult the many people with tudor homes, but I honestly think that’s an issue. They can have very awkward floor plans, small choppy rooms, too many walls and not enough appropriately placed windows and those wood accents on the stucco went out of style in 82.

Thanks. I’ve been feeling like I’m travelling in an alternate universe ever since I saw this on msn.com:

“GM Files for Bankruptcy; Stock Market Soars!”

Obviously, I agree with you, Ardell, given my comments on the ever sliding peak.

I was simply suggesting that there might be a more nuanced view for high-end. Beyond the psychological factors in play that make people loathe even the perception of losing money on an investment such as a house, The (Other) Tim might actually believe the “logic” of that nonsense he has been tasked with selling to the general public in his quest to justify buying up the toxic assets on the banks’ books at a higher rate than the market is willing to bear ( I can’t keep track of the acronyms – TALF this time around, maybe?), namely:

It’s all liquidity. Because of the frozen markets in upscale Tudors in posh up-state enclaves, the value he would get is currently “artificially depressed below the long-term market value”, to paraphrase our latest reluctant landlord.

I don’t happen to believe that load of malarkey, but maybe The Other Tim really does?

I will never get used to your using your “real” name. I’m probably the only agent on a blog who is endeared to anonymous monikers. Whatever happened to “Ubersalad”?

Here’s what I’m looking for. Forget Geithner. Forget “the tudor in NY”. To me this statement is just plain out WRONG.

“Geithner claims to see signs of economic improvement for the nation, but the same does not appear to be true for his personal pocket book.”

X sees “signs of economic improvement” means X thinks market will be better and getting better in the near term vs. today.

X looks in his personal pocket book (bank account, purse, wallet) and decides to WAIT to sell and rent for now = outlook is improving.

If X thought we were going downhill vs. uphill, he would hurry and sell NOW as fast as possible, drop the price to current market level and sell, sell, selll, get out – don’t look back.

If X thought he was seeing “signs of economic improvement” he would say, “Rent for now…take a modest shortfall each month, and sell later.

So the statement in the Zillow Blog Post is just plain old backward, regardless. I don’t have to “ask Geithner” to know if someone who truy believes the economy is on the rise will rent or sell. He will rent vs. sell. It’s simple logic…no?

The Zillow post suggests Geithner is being hypocritical by saying the economy is on the rise, BUT for his own purposes acting counter-wise. My assertion is it is NOT counter-wise for someone to rent vs. sell who truly believes the economy is improving.

Why do I always feel like John the Baptist crying out in the wilderness…

Here I am!

Been to Larchmont. Not my kinda people. It’s what passes for an exclusive suburb of NYC if 2 hour commutes are your bag.

I think my house is at peak value, at least going forward.

Now it’s at peak value again! A little lower than the last one.

Woops, another peak!

I’m on record on the PI a year or two ago as saying that houses will never, ever be worth as much as they did then. I still think so, taking into account the printing presses of course.

So Geitner’s an idiot. We already knew that.

Is that what you were looking for, Ardell?

Honestly, I think the high-end markets and the market for the regular joes are currently, and perhaps permanently disconnected, because those who own in the high-end market are much less likely to end up in a distress-sale situation. They can sit tight and wait for inflation and salaries to catch up, so they won’t feel like they took a bath (even though they did).

When I worked East Coast, it was really hard to sell a tudor there. That could be part of the problem. Someone tell Tim.