If we are Tim Geithner, who, like Sheila Bair, cannot sell his house. The Journal reports that SheBair has taken her Amherst, MA home off the market, after it failed to sell for $745,000, even after she and husband Scott cut their asking price by $100,000. While Shebes bought the pad in 2002 for only $355,000, it was extensively renovated and now includes a (mini) lap pool in the basement. The opportunity to fantasize about that hot piece of FDIC ass in a bathing suit should be enough to get at least one of you to make her an offer. In happier news, we see that Shaq has finally been able to unload his Miami manse, which is nice.
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is the photo screwed up or is the foundation on that pile all sorts of fucked up? — the porch looks like its sagging — looks bowed-in at the middle.
it’s very troubling that none of these asshats can face reality
$1 bob
and it’s across from the Emily Dickinson house! hot pieces of FDIC and poetry ass.
The fake vinyl shutters scream out.
Is it zoned multifamily? I’m thinking I could do three apartments and rent to college students.
So – someone who managed their life and career to end up here is to be given dictatorial powers over the financial sector.
Why would that piece of shit house with plastic siding ever sell for ~$755k?
It’s amazing that the Bair can’t come to terms with the fact that everything she knows has depreciated, just as her sense of self-worth should follow.
5 People love moving to college towns in their dotage. The think it will keep them young. Talk to them and the word vibrant comes up every 30 seconds. Plus theres always a good teaching hospital close by, so good health care. And they can take courses if they want and theres a lively arts scene – basically goobers playing guitars in coffee shops. Think about it that way and it makes sense.
Bess, have you no nostaglia for this sybian, I mean sylvan, setting? Probably Tom Barrack could get you a mortgage.
wow, slumming it up are we.
I enjoyed studying in Amherst but I never knew there were 700K+ homes in Amherst. This sucker will never sell for 755k unless Vikram buys it to get Bair off his back.
Does it come with a Subaru?
I know that house.
John Blutarsky
Faber ’62
She just needs to find the right buyer to get that price. Hey I know…doesn’t Lenny need someplace to live?
@7….so you live near a peep show?
Talk to a real-tor (god i can’t stand that pronunciation) today!
If there’s a lap pool in my basement I’m swimming naked, no? I mean what’s the point of putting on a bathing suit.
@15….Do you have permission to use the word “Realtor™”?
Of course, if you want to do a cash-back refi on a negam jumbo Section 8 loan, please do!
229 Main St. Amherst MA.
Here’s the link to the listing/visual tour:
http://www.visualtour.com/applets/flashviewer2/viewer.asp?t=1869969&sk=31
Here’s the link to the Zillow website:
http://www.zillow.com/homedetails/229-Main-St-Amherst-MA-01002/56256253_zpid/
$845K was certainly aggressive, and even $745K was a stretch.
This is outrageous, her house is obviously worth what she values it at and the market is just not working right. Why doesn’t the Gov buy it from he and give her the money then sell it on at a later date once the market has come round to the true valuation?
wait, she bought it for $350, and wants a double? Prices around NYC are back to 1999-2000 levels (at best) – is Amherst somehow immune to downturns?
Don’t worry guys, with the FAS 157 changes she can consider the Amherst residential market as previously active but now illiquid and carry the house on the books at $845,000.
you’re just pissed that 700k for a 3.7k sq ft, 21k sq ft lot still makes a lot more sense then your 700k, 1k sq ft “pre-war” hole in the wall.
@10, Vikram’s Citi already owns the mortgage!
http://www.thedeal.com/dealscape/2009/06/sheila_bairs_house_troubles.php