Meet Tim Geithner, Treasury Secretary and Failed Home Seller.
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Geithner Home Sale Fails
Having trouble selling your home? Well, you are in good company.
Meet Tim Geithner, Treasury Secretary and failed home seller.
Geithner, 47, was trying to sell the brick and stucco Tudor-style home, the listing shows. The house on Maple Hill Drive has five bedrooms, about 3,600 square feet, and an eat-in kitchen with Siematic cabinetry and black granite countertops.
“Careful attention has been paid to the design of every feature of this sophisticated home,” according to the listing.
The home was marketed in February for $1.635 million, according to Scott Stiefvater, president of Stiefvater Real Estate in Pelham, New York. The price was reduced to $1.575 million in May, he said. via Bloomberg
Now Geithner is trying to rent his home. According to Seeking Alpha his asking price for rent is $7,500, about 25% below the market rates. So when the puppet master of the economy is unable to sell a reasonably modest home in Larchmont, New York, don’t get mad at yourself if you are having trouble selling in this market.
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
