Lowball! Rivera Edition

From the Star Ledger:

Geraldo Rivera sells Edgewater home for half initial list price: $1.8M

Fox News personality Geraldo Rivera sold his his longtime Edgewater home for $1.8 million — less than half its original listing price of $3.75 million.

Rivera first put the home in the Edgewater Colony co-op on the market in 2015, and it underwent a number of steep price cuts before finding a buyer late in 2016.

Rivera originally designed the home around 2000 as a bachelor pad before meeting and marrying his fifth and current wife Erica Levy. They welcomed a daughter together, Solita, in 2003, and in 2015 they purchased a 4-bedroom Upper East Side home for $5.6 million — which they renovated and recently relisted for $7.2 million, according to Variety’s Real Estalker blog.

Property records available online do not show how much Rivera paid for the Edgewater compound. Built on several levels, it has walls of glass and decks overlooking the Hudson River, a kitchen designed to resemble a ship’s interior, a koi pond, and one of the few private docks on this stretch of Hudson, just south of George Washington Bridge. There are three bedrooms, including a master with waterfront views.

The price was last cut in August, from $2.75 million to $2.3 million. Two other properties owned by Rivera nearby have also been sold off in recent months, according to Lisa Poggi, the real estate agent who represented the property.

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48 Responses to Lowball! Rivera Edition

  1. Homeboken says:

    Frist and Good Morning NJ

  2. Fabius Maximus says:

    Does that place have a Hot Tub Time Machine to take him back to the 70’s for a key party?

  3. grim says:

    Whatever you do, don’t walk through that place with a blacklight. Or maybe that’s what the buyer did before he bid. (Sorry, no female I know would ever buy this place).

  4. Juice Box says:

    The bonus is the Hudson River smells like Venice most of the time.

  5. chicagofinance says:

    Ford avoiding a bailout was a complete luck of the draw…..they did a serious corporate restructuring in 2004-2006 to reset their balance sheet and term out debt……when everything blew up in 2008-2009, they were effectively termed out into 2010-2015 so they were bullet proof……better to be lucky than good. The whole Ford Explorer tire thing created their crisis in 2002-2003.

    D-FENS says:
    January 4, 2017 at 5:37 am
    The fact remains, 80% of Ford’s production is within the United States while only 63% General Motors production is in United States. Also Ford never required a government bailout.

  6. Ottoman says:

    So what you’re saying is that you believe women are too stupid and petty to understand and act on a good deal in whatever form it “comes”. (not that I know if this is was a good deal or not.)

    Sadly, your misogyny is unsurprising given the stupidity you’ve shown in other areas.

    grim says:
    … (Sorry, no female I know would ever buy this place).

  7. D-FENS says:

    Chi,

    My old truck had that exact tire size that they were putting on the Explorer at the time. They were Firestones. They were bald all the way down to the steel belts when the recall was issued. I got 4 brand new perelli scorpions for free. Thanks Ford and Firestone!

    I do remember what Alan Mulally did. He was in the midst of trying to turn Ford around when the recession hit. Made the right moves at the right time.

    Still, if you’re the patriotic type…and insist on buying a domestic brand, Ford produces more of their “domestic output” within the US then the other two brands.

  8. The Great Pumpkin says:

    I’m on the workers side. Guy already received a great deal on it, now he wants to profit even more at the worker’s expense. You have billions, help America out, don’t punish the people even more than they are already being punished. It’s like Icahn gets off on getting over the workers. If the business couldn’t be successful with paying a decent wage, then why did you buy it? Toss it and move on with your life. Stop holding the workers and this state hostage with your business games.

    “He also said he’s not sure whether he’ll try to reopen it.

    “We are not looking to sell it, not at today’s prices,” Icahn said. “I made my fortune buying things cheap.””

    “When a guy like Sweeney goes after someone who saved the Tropicana and 3,000 jobs when no one else would, who would invest in New Jersey?” he asked. “The worst thing about New Jersey is they have Sweeney as head of the Senate. The best thing about New Jersey is they didn’t make him governor.”

    Sweeney spokesman Rich McGrath said the legislation was needed to address “the callous actions of a multi-billionaire who has a history of putting his own selfish quest for personal profits ahead of the rights of working people.”

  9. D-FENS says:

    In summary…US officials…Republican and Democrat were so hell bent on ousting Assad in Syria that they willfully encouraged the rise of ISIS and ACTUALLY ARMED THEM.

    https://theconservativetreehouse.com/2017/01/01/absolutely-stunning-leaked-audio-of-secretary-kerry-reveals-president-obama-intentionally-allowed-rise-of-isis/

  10. D-FENS says:

    “President Obama, Secretary Clinton and later Secretary Kerry, together with John McCain, and the CIA tentacled team within the Republican party, were willing to support ISIS (under all factional names) in order to overthrow Bashir Assad…

    …THIS WAS THE POLICY. Nothing else mattered.”

  11. Fast Eddie says:

    Ottoman,

    Sadly, your misogyny is unsurprising given the stupidity you’ve shown in other areas.

    You know that happens when you think you’re holier than thou or that your IQ and insight is above everyone else? You lose thousands of seats and your political party is reduced to saw dust. Enjoy the cold and loneliness in your ivory tower.

  12. D-FENS says:

    No I think he was saying women have better taste than men.

    Ottoman says:
    January 4, 2017 at 9:44 am
    So what you’re saying is that you believe women are too stupid and petty to understand and act on a good deal

  13. STEAMturd says:

    You know what happens when you lose? Your side starts making up so much BS that they sound exactly like the other side did for the prior 4/8 years.

    Wake me up when gay people can’t marry and abortions are illegal. Until then, I’ll keep staring at the Gitmo webcam.

  14. The Great Pumpkin says:

    Good read for the pro-free market crowd.

    “For those who like competitive markets, the prospect of a Trump presidency has not held a great deal of promise. His love of discretionary power, his weak understanding of economics, and his long history of cronyism all suggest that the next four years will not be a good time for those of us who think that market capitalism is the best economic system for raising the overall standard of living, and especially for the least well off among us.”

    “It’s good to hear Trump talk of regulatory relief – every sector desperately needs this! – but true regulatory relief, as well as broad economic growth that will benefit all Americans, comes through the free movement of goods and people. Genuine free trade requires no new regulations or bureaucracies – in fact, it requires that we eliminate things like the Ex-Im bank and the intrusive and rights-violating immigration bureaucracy.

    If Trump is serious about regulatory relief, and really wants to improve the well-being of all Americans and not just his politically-connected buddies, the first thing he should do is abandon his economic nationalism and support the free trade and liberal immigration policies that really have made America great.”

    https://fee.org/articles/freer-trade-is-deregulation/?utm_medium=push&utm_source=push_notification

  15. The Great Pumpkin says:

    Not going to lie, every time I read about free market theory, I find myself agreeing with it. Then I think of all the problems that the “Gilded Age” created and I try to talk myself out of believing in the free market. It’s one of the things that tears me up on the inside. Constant battle in my mind over this. Obviously, you can see through my posts over the years how I constantly jump back and forth on this theory.

    One thing that seems right about the free market, it does lift the overall species to a higher standard of living. My problem is that it has always been at the expense of the winners. Since the winners get most of the capital, lifting third world standard of living comes at the expense of the winners. I don’t think it’s right to put people in an unfair competition in which they have no chance of winning. Low skilled workers have absolutely no chance to compete with a third world labor market. It’s just impossible.

    Economics is a tough tough subject in which you can think about it for the rest of your life and still not have a 100% correct answer on the subject of what is the best economic model.

  16. STEAMturd says:

    Everything is extremes to you Plumpy. It’s a big part of why we always pick on you. No one is envisioning the Wild West under Trump nor did they envision pure social1sm under Obama. You’ll see. Trump will end up being much closer to the middle than Obama was. Simply, because he is not emboldened to a flawed political philosophy. Will this be better? Who the F knows? Will this represent the “change” that Obama promised and failed to deliver? I think so.

  17. D-FENS says:

    Nah, you’re over thinking it. You’ve got it all wrong.

    STEAMturd says:
    January 4, 2017 at 10:54 am
    You know what happens when you lose? Your side starts making up so much BS that they sound exactly like the other side did for the prior 4/8 years.

    Wake me up when gay people can’t marry and abortions are illegal. Until then, I’ll keep staring at the Gitmo webcam.

  18. The Great Pumpkin says:

    Dead on with the extremes. It’s a roller coaster ride that’s not fun to be on. I’m sorry I put you guys through it in my quest to find the answer.

    The govt changed right before our eyes, I think that’s something we can all agree on. Donald Trump is bringing real change. Whether it’s good or bad is a difficult question that only time can answer.

    STEAMturd says:
    January 4, 2017 at 11:41 am
    Everything is extremes to you Plumpy. It’s a big part of why we always pick on you. No one is envisioning the Wild West under Trump nor did they envision pure social1sm under Obama. You’ll see. Trump will end up being much closer to the middle than Obama was. Simply, because he is not emboldened to a flawed political philosophy. Will this be better? Who the F knows? Will this represent the “change” that Obama promised and failed to deliver? I think so.

  19. Ben says:

    Good read for the pro-free market crowd.

    Just another free market ideologue that conveniently fails to acknowledge the Chinese government manipulates currency markets and depresses wages. I’m always amused by proponents of the free market insist we continue trading with China, a government that has intervened on a national scale to prevent the market from actually working.

  20. The Great Pumpkin says:

    That’s what kills me. I want to believe in a free market, but exactly what foreign markets are free? When your biggest trading partner is not run on a free market, why would you continue to trade on free market principles?

    Ben says:
    January 4, 2017 at 12:03 pm
    Good read for the pro-free market crowd.

    Just another free market ideologue that conveniently fails to acknowledge the Chinese government manipulates currency markets and depresses wages. I’m always amused by proponents of the free market insist we continue trading with China, a government that has intervened on a national scale to prevent the market from actually working.

  21. The Great Pumpkin says:

    Just wondering how people feel about Assange? You think he is telling the truth or did the Russians really hack the emails?

  22. STEAMturd says:

    Who cares? Really!

  23. The Great Pumpkin says:

    Worth reading the entire article if you have time.

    “With these three factors comes quite a varied set of predictions for what lies ahead, starting with the jobs report for December.

    In the short term, the U.S. is likely to continue to create jobs, have somewhat stronger wage gains and perhaps even experience a small uptick in the participation rate. This will all be part of the multi-month soft landing of the labor market in which monthly job creation averages around 150,000, annual wage growth is close to 3 percent and the employment-to-population rate edges up but very slowly. It is an environment that will validate the Federal Reserve’s signal of three rate hikes in 2017 and, depending on the extent of policy rebalancing here and in Europe, place greater appreciation pressure on the dollar.

    Over the longer term, the labor market will continue to evolve in a manner that favors skills at the high end, upends activities at the lower ends via an expansion of the sharing economy, and places even greater pressure on traditional mid- and low-skill activities. The extent to which this translates into further socio-economic dislocations and amplifies the politics of anger is far from predestined. Much will depend on the policy reaction.

    A set of proactive policy responses such as strengthening skill acquisition, educational reform and enlarging labor retooling programs already command a notable degree of analytical and political consensus, as do other enabling actions such as increased infrastructure spending, the removal of tax distortions and enhancing the effectiveness of fiscal incentives. Some measures that are more defensive, such as hikes in the minimum wage, are also gaining traction. Then there is the significantly more controversial concept of universal basic income. Here, labor market upheavals would need to be far deeper and more disruptive for this seemingly-simple, but actually complex and hard to effectively implement measure to have reasonable probability of seeing the light of day.”

    https://www.bloomberg.com/view/articles/2017-01-04/what-the-strong-obama-jobs-recovery-tells-us

  24. The Great Pumpkin says:

    True, couple of my friends were sucking me into their debate on this issue. They are hardcore trump guys, so they are of the mindset that the russian hacks are all made up, and I just find that hard to believe. You are right, though, who cares.

    STEAMturd says:
    January 4, 2017 at 1:56 pm
    Who cares? Really!

  25. The Great Pumpkin says:

    This guy is really trying to destroy the state of education in this state. He can’t be serious. So taking away the license requirements for teachers is going to provide for a better education? Wow, just wow. You guys are smart, you know exactly what he is doing. What’s next, removing the license requirements for doctors and surgeons? How in the world can anyone with any common sense support this crap. Christie is truly the devil in disguise.

    “Charter school opponents are planning a show of force in Trenton Wednesday as the state Board of Education considers loosening regulations to free charter schools from red tape.”

    “The most controversial part of the charter school overhaul proposal calls for the state to create new certificates for teachers and administrators to teach only in charter schools.”

    http://www.nj.com/news/index.ssf/2017/01/charter_school_critics_prepare_for_battle_over_dev.html#incart_river_home

  26. God says:

    Blumpkin..err, I mean Michael. This is your Lord. You have found all your answers, my son. Please stop searching. Go to the light.

  27. Ben says:

    Certification is way overrated. Every awful teacher in this world is certified. Some of the best teachers I’ve worked with came through the alternate route program as did I.

  28. Essex says:

    3:37 Certification seems like an attempt to legitimize and control the profession. You know, Standards and all….

  29. The Great Pumpkin says:

    Ben, as I see it, nothing more than a ploy to lower the cost of teachers. He wants to increase the pool of applicants at the expense of education. Could you imagine the disaster that will ensue when anyone can become a teacher? I’m sorry, you are blind on this issue and dead wrong in your assessment. This has nothing to do with improving education and everything to do with ruining it. I don’t want my tax dollars going to a privately run school for profit that doesn’t follow any rules and hires anyone to be a teacher. God, these schysters must really think the general public is completely ignorant, no other way to explain pushing a plan like this that does nothing good for anyone except the owner of the charter school getting drunk off my tax dollars. F that. Public school or nothing. Not some charter slime scam, trying to pull a fast one on the public.

    No tax dollars should ever go to for profit schools when we already have public schools in place.

  30. Ben says:

    Blumpkin,

    give it a rest. You again are out of your league on a field you have no experience on. Anyone that isn’t qualified to work this job would not last, certification or not. The kids will walk all over you if you suck at your job. This means absolutely nothing. I got news for you, an English teacher job posting already gets 800 applicants. What’s another 1000 at that point?

    Also, the certification rules were written by bureaucratic hacks. A mechanical engineer is automatically allowed to get certified to teach math because of the intense mathematical nature of the subject. Yet, they cannot be certified to teach Physics because all of their physics courses came from the engineering department. Just one of many stupid poorly thought out rules. I could go on and on…but certification means nothing. Either you have the tools to teach or don’t…and I friggin welcome the general public to come try this job. They might actually stop complaining about how the profession is “so easy” according to many.

  31. Grim says:

    How is it even possible to misconstrue what I wrote.

    That place is a bachelor pad designed for Hugh Hefner meets Skipper from Gillian’s island.

    Its the worst blend of 1980s yacht rock and money. Gordon Gekko would approve.

    The dude is on his 19th wife, and I’m pretty sure him and Cosby had some swinging parties there.

    So yeah, I’m pretty sure this would only appeal to idiot males who lack any skeeve-sense at all, hence my comment.

  32. Essex says:

    4:19 Certification means that you were organized and methodical enough to actually complete the paperwork. That is an achievement in itself. In a profession that holds paperwork and diplomas as a higher form of achievement, it is not surprising that the these Certs are held in high esteem.

  33. Essex says:

    Remember, start denigrating the ‘achievement’ aspect with commentary like “that college degree” is useless and you have a system that kills and eats itself.

  34. The Great Pumpkin says:

    Ben, you are missing the big point. They aren’t lowering the standards to improve education. They are lowering the standards to reduce costs because they don’t give a damn about educating kids, all they care about is profit.

    Give one damn reason for lowering the standards? One damn reason? You state that there are terrible teachers with the certification requirements in place, and now you are telling me the quality is going to improve by making it accessible to losers who want to give teaching a try? I don’t need my kid getting stuck with failing teacher after teacher, that give teaching a try, fail, and leave. My kid will never learn anything with a revolving door of teachers. Sorry, but you are talking nonsense right now. Give me the experienced teacher that did the leg work to get certification, this way I know my kid is not getting stuck with someone that knows absolutely nothing about educating my child.

  35. Ben says:

    Ben, you are missing the big point. They aren’t lowering the standards to improve education. They are lowering the standards to reduce costs because they don’t give a damn about educating kids, all they care about is profit…. Give one damn reason for lowering the standards? One damn reason?

    Your damn reason is that the standards were a joke in the first place. If you wanted to put REAL standards in place, I’m all for it…but that would also require the profession to be paid accordingly.

  36. The Great Pumpkin says:

    Ben, you are a gleaming example of teachers not getting paid enough. Why do they have to lower the standards and go with the alternate route program to get teachers? Easy, based on the standards to become a teacher, most people don’t think it’s worth it. Not a good investment, better off investing in a different field that actually pays. If enough people did think it was worth it, they wouldn’t have to lower the standards to hire alternate route. Free market at play.

  37. Ben says:

    4:19 Certification means that you were organized and methodical enough to actually complete the paperwork. That is an achievement in itself. In a profession that holds paperwork and diplomas as a higher form of achievement, it is not surprising that the these Certs are held in high esteem.

    Actually, it doesn’t. The local board office handled the paperwork for the alternate route teachers. Hilarious story. When I went to apply for my Chemistry & Physics certifications, the total cost was going to be something like $300 for my certificates. The paperwork was all filled out and all that was required of me was to mail the check. Well, technically, I had about 8 months to do it so I never bothered. The 2 certs showed up anyway, so I never sent in my money.

    The funny part was, about a year later, they indicted two guys working at the office for pocketing all the money that came in. Apparently, they were doing it for years so this money was just going into some unchecked account. They must have thought they pocketed my money and sent me my certs anyway.

  38. Essex says:

    Just think Pumper in some districts the standard is simply do they fog a mirror and show up for work.

  39. Ben says:

    Ben, you are a gleaming example of teachers not getting paid enough. Why do they have to lower the standards and go with the alternate route program to get teachers? Easy, based on the standards to become a teacher, most people don’t think it’s worth it. Not a good investment, better off investing in a different field that actually pays. If enough people did think it was worth it, they wouldn’t have to lower the standards to hire alternate route. Free market at play.

    The alternate route program is not one in which the standards are lowered. It’s just an alternative pathway which allows you to become a teacher without taking all the pedagogical brainwashing courses that most teachers are forced to take.

    The proposal to fill charter schools with uncertified teachers matters not one bit. 1. No one lasts at charter schools. Any self respecting teacher moves on to a new gig or a new career altogether as they are mostly run like criminal organizations. It’s a complete non issue. It will likely ensure that their applicant pool is always crappy and they will never succeed.

    Certification is merely a scheme to restrict the labor pool. Like I said, anyone who wouldn’t normally qualify under certifications that is incapable of this job will get their a$$ handed to them on day one. The beauty of this profession is that it is definitely survival of the fittest, despite the fact that some slip through the cracks and get tenure. Most people not cut out for the job either fizzle out or are fired.

  40. No One says:

    Grim,
    Some people are always ready to take offense and detect microaggressions when everyone isn’t as 100% PC as they are.
    https://www.youtube.com/watch?v=MsqwAaiVHok

  41. grim says:

    Reminds me of the time Anon, his wife, and I went to see this huge place over in Randolph.

    Decent house, lots of potential since it had professional space, I mean, not awful by any means.

    Then we get to the master bedroom.

    Anon and I start laughing, and Mrs. Anon just stands watching in horror, no … disgust, at this massive bacchanalian hot tub, positioned up on an altar.

    For all intents and purposes, this was in the middle of the master bedroom, and you could probably fit 12 people in it.

    If that wasn’t bad enough, it was surrounded by carpet on all sides.

    Mt. Airy Lodge had NOTHING on this horror show.

  42. Essex says:

    5:05 If you have the patience and desire to spend all day with children then more power to you. Most adults would tire of it very, very quickly.

  43. Anon E. Moose, proud owner of Silk City Bourbon ver 2.36/114 says:

    Grim [17:35];

    That was a piece of work, wasn’t it? I vividly remember the columns that partitioned the hot tub from the rest of the master bedroom. And the pedestal the hot tub was built on.

    I drive by now and wonder about the people who bought that place. They didn’t hang out a shingle, so I guess the accessory apartment was turned into an in-law suite. When Grim says professional space, it was clearly built as an accessory office to the house; separate landscaped entrance; the profile of the place was the full depth of the house, just extended out by 15 feet or so. I think it was an accountant’s space when we looked at it — clearly some sort of receptionist desk by the door.

    Growing up our family dentist operated out of the mother-in-law apartment of his home. I think those days are gone, though — at least for docs. I wouldn’t do it if I had to have regular meetings or clients to my house; but vast majority of my work is traded by e-mail.

  44. Fabius Maximus says:

    Personally I thought he would pull a Paulson and Cash out. There must be too much debt hidden behind the scenes.

    http://www.politico.com/story/2017/01/donald-trump-conflict-of-interest-233161

  45. Fabius Maximus says:

    Gary, it started today.

    Are we great yet!

    “We have a plan to replace it,” he told reporters. “We have plenty of ideas to replace it. And you’ll see as the weeks and month unfold what we’re talking about replacing it with ”

    http://www.politico.com/story/2017/01/republicans-obamacare-pence-233205

    http://thehill.com/policy/healthcare/312746-study-obamacare-repeal-would-cost-350-billion

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