09/04/09 Hey, Eric Bjork, Vice President Of Prudential Connecticut Realty Blogged This Front Page Greenwich Time Story Yesterday

PHOTO: Cheryl MacCluskey, president and chief executive officer of M&M Development LLC, in the driveway of a recently completed home at 63 Maple Ave. Homeowners saddled with the worst sales market in 30 years are turning to the rental market. (Bloomberg )

Greenwich homeowners offer $40,000 rentals - Greenwich Time

... A way to test drive the house&apos

By Oshrat Carmiel Bloomberg News

Cheryl MacCluskey broke ground on a five-bedroom luxury home in Greenwich last year, hoping it would sell by June. Then reality set in. After cutting the price 13 percent to $4.4 million failed to lure buyers, she rented it this week for $13,000 a month.

"I'd never have put it on for rent before," MacCluskey, president of M&M Development, said of the 7,800-square-foot house. "In this down market you don't really have a choice." .....

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Comment:

The Greenwich Time Has Hit A New Low As It Has Bloomberg News Service Replaces Origional Pictures And Content Above The Fold On The Front Page.

Please See:

The Greenwich Time Is Behind The Times:

Once Again Bloggers And Out Of Town News Sources

Are Breaking News In Greenwich

09/03/09 Greenwich Real Estate Blogger Chris Fountain Now Has Competition From Eric Bjork, Vice President Of Prudential Connecticut Realty

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