Archive for August, 2008

Talking ’bout my generation…

I was reading Baby Boomer Stephen King’s book On Writing: A Memoir of the Craft and I ran across this:

I don’t want to speak disparagingly of my generation (actually I do, we had a chance to change the world and opted for the Home Shopping Network instead)

Ouch!

Kennth Gronbach (author of The Age Curve that I’ve been speaking about) states we Baby Boomers are lazy and self-centered. After all, we’re the generation they were speaking about when they coined the phrase “The ‘Me’ Decade” to describe the 1970s.

But are we really that bad? After all, we were the generation that (rightly) protested the War in Vietnam and advocated for Civil Rights and peace. No, we didn’t fight World War II, but many died in Vietnam and elsewhere in Southeast Asia.

Baby Boomers have also been supremely entrepreneurial, with people like Bill Gates and others creating wealth, not just for themselves, but for the world. Gates is also a great example of the entrepreneur turned philanthropist. The economist William Schumpeter theorized that entrepreneurs were the key to societal change, because they bring value through economic growth.

I would also argue that Baby Boomers have changed the world through the creation of the Internet. No, I’m not talking about Al Gore, but Sir Tim Berners-Lee, who created the concept of the World Wide Web and gave it to the world.

Without the WWW, what would our world look like? What do you think? Is King being too hard on us?

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Del Rio officials sign coop agreement with Small Business … - Del Rio Live!

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Supermodel Christie Brinkely has had this home, Tower Hill in the Hamptons on the market off and on since 2002 (although I first became aware of it in 2005). Now with a messy divorce behind her, she’s trying her hand at selling it again. The impressive property in Bridgehampton was originally built in 1898 by Dr. John Gardiner and named Dulce Domum. The home is on a 20-acre parcel 200 ft. above sea level. The key piece of the estate is the 50 ft. observation tower which offers sweeping views of the ocean. The 12-bedroom compound includes a main home with multi-level stone terraces, a guest house with a greenhouse conservatory overlooking a botanical nursery, a gunite pool, a barn artist studio with gym and living quarters with a 4-car heated garage. The property includes lawns, walking paths, gardens, tennis courts, basketball court and playground. This estate is now listed at $30 million. It’s lovely but perhaps a bit high-priced for a home that isn’t closer to the beach.

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From the NY Observer’s Manhattan Transfers:
–James H. Herbert II, the chairman and chief executive of the First Republic Bank, listed his penthouse at Trump Parc East on Central Park South, shown above, earlier this month for $38 million, nearly four times what he paid back in 2005. The listing is here.
–Real estate investor Keith Rubenstein and his wife Inga have spent $3.2 million on a two-bedroom duplex at 101 Warren Street in Tribeca. The duplex is smaller than the $20 million penthouse he’d originally agreed to purchase in the building. Rubenstein, his wife and their son, Keith Jr., will stay in the Warren Street apartment for about two years while their new East 62nd mansion is renovated.
–Enrique Norten paid $1.929 million for an apartment at One York Street, the building he designed in northern Tribeca.
–Pete Peterson, the co-founder and senior chairman of the Blackstone Group, and the chairman emeritus of the Council on Foreign Relations, has purchased that organization’s apartment at the Imperial House co-op on East 69th Street, paying the council $3.04 million. Peterson purchased the apartment so that Leslie Gelb, the council’s so-called Board Senior Fellow and its president from 1993 to 2003 could continue to live there with his family.
–An apartment belonging to hedge fund manager Vedula Murti and his wife Seema Kalia and designed by Madonna’s designer, Jamie Drake is now on the market for $10.75 million. The couple bought for $7,127,750 two years ago. Check out the colorful listing here.

From the NY Post’s Gimme Shelter:
–The loft apartment in SoHo where Heath Ledger died in January ins now listed for $26,000 a month. The listing is here.
–Sir Alex Ferguson, the manager of England’s Manchester United Football Club is picking up a three-bedroom penthouse in Manhattan House, at 200 E. 66th St.
–Developer Janna Bullock has purchased a brand-new apartment at the Plaza for $8.78 million.

From Newsday’s Real LI:
–J.Crew chief executive Millard Drexler is in contract to purchase a house in Wainscott for $17 million.
–Quarterback Chad Pennington has gone into contract on his Muttontown home. It was our estate of the day earlier this month.

From Berg Properties Massive Time Listings:
–The official sale price on Tom Arnold’s Tarzana home was $1.8 million which was below the list price of $2.275 million and below the amount that Tom paid for the home in late 2006.
-Actor Hamish Linklater who stars on “The New Adventures of Old Christine” and his playwright wife Jessica Goldberg have put their three-bedroom home in the Eagle Rock area of Los Angeles on the market for $675,000. They have picked up a new home in Los Feliz that had been listed at $1.397 million for $1.362 million. The listing for the home for sale is here.
–The estate of Heath Ledger has sold his Hollywood Hills home for $2.5 million.

From the Real Estalker:
–Dallas Cowboys quarterback and Jessica Simpson’s boyfriend Tony Romo has picked up a home in Irving, Texas that was listed at $699,000.
–Quarterback Tom Brady and supermodel Gisele Bundchen are rumored to have have paid $11.75 million for a 3.6-acre vacant lot in the same gated neighborhood in Brentwood that Gov. Arnold Schwarzenegger lives in.
–via the San Francisco Chronicle, a penthouse in the St. Regis Residences San Francisco is being listed for $70 million. VIctor MacFarlane purchased all three (unfinished) high-priced penthouse units at the St. Regis back in late 2005 for a reported $30 million which set a record in San Francisco at the time. The property is around 20,000 square feet of space with four terraces and features 360 degree views.
–Rumor has it that Mel Gibson snapped up Tea Leoni and David Duchovny’s Malibu mansion which was quickly on the market for $12 million.

From the Wall Street Journal’s Private Properties:
–Hedge-fund manager John Paulson has lowered the price on his Hamptons home by $2.6 million. It is now listed at $16.9 million. He bought it for $12.75 million in 2006. The listing is here.
–Boston Celtics player Ray Allen has lowered the price of his former Seattle-area home to $5.2 million from $6 million. It was our estate of the day on Saturday.
–Former Seattle Mariners outfielder Jay Buhner has listed his custom-built home on 80 acres for $12 million, we’ll be checking that one out as Monday’s estate of the day.
–Manhattan’s Spence School, an all-girls, K-12 private school founded in 1892, recently closed on its buy of a $27 million townhouse directly behind its main East Side building.

From the LA Times Hot Property:
–David Barrett, a producer and director who has worked on episodes of “Cold Case,” “Smallville” and “Bionic Woman,” has bought a home in Toluca Lake for $1.2 million.
–John Cleese has put another Montecito home on the market, this time for $10.75 million. The listing for his Fernald Point beach front home is here.
–Studio musician Jason Sinay has sold his six-bedroom home in the Beverly Hills flats area for $6 million.

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Sarah Palin: Just How Pro-Small Business Is She? - U.S. News & World Report


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One of the pitfalls of being a sports star is having to sell your old real estate once you get traded. It’s not always easy, we’ve seen Shaquille O’Neal struggle to unload his Miami home for years, Dwayne Wade has had his on the market for a while and the list goes on to include today’s estate the home of Boston Celtics player Ray Allen. Allen used to play on the Seattle SuperSonics and owns this Craftsman-style estate in Carnation, Washington. The five-bedroom home is on nearly 4.5 acres. It’s a rather nice home with vaulted entryways, box beam celings and a casual style. It is a former Street of Dreams Award winning home and includes a master suite with a custom spa, a gourmet kitchen, home theater, office and exercise room. The home has a lot of exterior features too such as a putting green, pool, exterior cabana and a sports court connected with well-landscaped pathways. Allen first listed the home about six months ago at $6 million and recently sliced the price down to $5.2 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

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A great Baby Boomer business might be selling on EBay. If you’re like me, you’ve lots of stuff to get rid of, and you’re good at spotting bargains. Suzanne Wells, over at EShopOwner, has a great book to give you to help you begin your EBay business.

Suzanne says, “As an eBay Power Seller since 2003, I have sold over 15,000 items. I have experimented with many, many, different products along the way. Most of my inventory has come from garage sales, thrift stores, and consignment stores. My eBook, “Thrift Store Shopping for eBay,” contains information about how to find items to sell at thrift stores,
what sells for the ideal profit, and how to get additional discounts when purchasing items to resell.”

To receive a copy of the book comment on her blog post: http://www.eshopowner.com/free-ebook-what-to-buy-at-thrift-stores-to-sell-on-ebay-for-profit/

I have MANY books to sell, and I’d love to have them find good homes on EBay.  How about you?  What would you like to sell on EBay?   

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Click here for an archive of Jim Cramer's Mad Money recaps. - TheStreet.com

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In honor of the Democratic National Convention I thought it might be fun to check out a tiny Denver real estate. Today’s penthouse loft is a full floor unit in the Flour Mill lofts which has views of Coors field. This has to be one of the most interesting loft conversions I’ve ever seen. The space features a circular kitchen with a drop ceiling, oversized brass hood and a pizza oven. The loft has over 5,300 square feet of space. The architect echoed the circular shape and dimensions of the Flour Mill’s storage silos to create a series of circular spaces, Angled walls feature floor lighting and the home features exposed ceilings and brick. The loft is wired with a Denon THX surround sound system and a Lutron lighting system. The north side of the loft is currently used as office space and has three round silo rooms that could be repurposed as a mother-in-law apartment, nanny suite or guest quarters. This side also features a 300 sq. ft. balcony. The south side of the 6th Floor penthouse is given over to the owner’s private quarters. It is listed at $3.25 million. Check out more pictures at the loft’s property website.

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Money managers anticipate muted year-end tech rally - guardian.co.uk

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