I had a nice conversation with Deirde Bolton at Bloomberg TV about the Hamptons Housing market and the former Madoff residence in Montauk (had to get up 4:30am to make it in for the 6:45am).
US Marshalls are readying it for market. I heard today that Corcoran was selected as the selling agent for the property.
I also got to catch up with Tom Keene of Bloomberg Surveillance in the Green Room who proceeded to tweet my appearance with a little humor.
Les Christie of CNN/Money does a nice Madoff story on the US Marshall video of the property and invited me to provide some running commentary as I watched it. Fun!
Here’s the US Marshall video. It’s apparent that they want to get as much for the property as they can – no fire sale – so they can get funds to the swindled investors (a drop in the bucket).
All this activity before 10am this morning. I might need to go to the beach and relax this weekend…I know a house…
[…] a teardown, but our dear friend Jonathan Miller, a New York-based appraiser who writes the popular Matrix blog, did remark to CNN that “new buyers often do a gut renovation” before they move into […]