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| Home Crisis Investigation | ||||
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Timmay!
So, Timmay bought a house in Larchmont in 2004 for $1.6 million, and recently hopped on the beltway down to DC. And he took a salary cut, from $380K at the NYFed to 190K at Treasury. So he probably can’t afford that extra house, right? (I mean, if he even could afford it in the first place on that salary?) It’s on the market, but he doesn’t seem too desperate to get rid of it – since he’s actually asking MORE for it than he paid in 2004.
Granted, it’s not as bonehead a move than, say, buying a house in ’07 and asking more than you paid, but still. Above, the Daily Show takes the idea on. Funny video.
Weak end reads « Der Don // Jul 31, 2009 at 7:09 am
[...] 3. Real Estate market in US doing great: only Treasury sec. Geithner can’t sell his house with drop-dead bathroom tiles. [...]