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Even the Rich See Homes Languish in Greenwich

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Mike 03 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-24-11 06:06 PM
Original message
Even the Rich See Homes Languish in Greenwich
It’s been more than 500 days since Stanley Cheslock put his 26,000-square-foot Greenwich, Connecticut, “dream home” on the market for $17.95 million.

The house and its surrounding estate -- custom built by Cheslock in 2003, with a movie theater and 3,700-bottle wine cellar -- is waiting for a buyer who sees the current asking price, $15.95 million, as a bargain.

http://www.bloomberg.com/news/2011-05-24/greenwich-s-priciest-homes-languish-with-four-years-of-inventory-on-market.html

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Wilms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-24-11 06:16 PM
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1. But Bloomberg gives him a free ad, including a link.
Bet a lot of homeowners would like that.

Meanwhile, what did it cost Stan to build it?


“It’s a steal,” said Cheslock, a co-founder of an investment firm, who has knocked almost 50 percent off the price he was asking when he first tried to sell the property five years ago. “It’s way underpriced.”


Yeah. OK, Stan.

:eyes:

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MichiganVote Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-24-11 06:37 PM
Response to Original message
2. I Don't Have ANY Sympathy For These Societal Parasites Who Whine
So long as people are hungry in this country, there is no call for more of this kind of crappy reporting. Americans need to get the fuck over this insane obsession for money.
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