As everybody knows, you can get some extraordinary real estate in Detroit for a fraction of what you’d pay for it anywhere else. I was delighted to see this story in yesterday’s dailies, about the debut on the market of what most people call the Motown mansion, i.e., Berry Gordy’s house. At $1.39 million — and yes, I think you could make an offer for less, and not have the owner spit in your face — I think it’s tailor-made to be the NN.C Retirement Home, where members of our commenting community can spin out their golden years swapping bon mots poolside. Looks like plenty of room for Coozledad’s animals to keep the grass trimmed, and trust me, as a household we will be no weirder than any other in Detroit.
I encourage you to check out the photo gallery and video. It’s quite an edifice. The listing agent is a friend of a friend, a nice guy with his own fabulous Detroit house, a three-story English Tudor he’s been restoring for over a year now. I think it was originally a Kresge mansion, or the Kresge mansion, or some such. When he bought it, it had tatty carpet throughout and silk draperies rotting to pieces in every window. He pulled up the tatty carpet in the foyer and found craftsman-quality tile underneath. Lord knows what we’d find in Berry Gordy’s old house.
I like the tunnels. I bet those came in handy during Prohibition.
OK, enough levity. Anyone see this, about how wealthy mortgage-holders are more likely to walk away from their upside-down houses? They have a higher default rate than any other income group, although there is a certain amount of apples-oranges comparison going on. But overall, you can color me…wow, astonished. Note:
“(The wealthy) may be less susceptible to the shame and fear-mongering used by the government and the mortgage banking industry to keep underwater homeowners from acting in their financial best interest,” Mr. White said.
Ha ha ha. So you see, if the NN.C Retirement Trust finds itself unable to keep paying the taxes and pool boy, we will have much good company.
The other day I heard someone talking about the parallel narratives that the proliferation of news outlets has led to, as people tune in to their favorite echo chambers and listen to their own custom-crafted stories told to them. In the tea-partying part of the world, for instance, the financial crisis wasn’t caused by over-investment in insane schemes peddled by obfuscating, criminal bankers and brokers who then took odds on the outcome, but by Barney Frank, who forced banks to lend money to poor people, who then screwed everything up. It’s comforting to learn the banking/brokerage class is still at it, more or less.
Ah, the coffee still needs to work its magic, I can see. Let’s cut to the bloggage:
Alan showed me this Best of Craigslist ad the other day, headlined Stately Dutch MILF magnet. It’s for a bike. Enjoy.
These remarks by Sharron Angle are getting a lot of attention in the lefty blogosphere — speaking of like-minded echo chambers — but trust me, this attitude is not rare in her circles, not by any measure. Pregnant by your brother? Turn lemons into lemonade, girly.
And now I have to skedaddle. Have a great weekend. I’ll be avoiding the computer, so it’s best to call. Remember, think about that house. There’s room for everyone.