Catskills - Sullivan County - Ulster County Real Estate -- Catskill Farms Journal

The pilots and flight attendants of ATI (Air Italy) pronounced must less frequently over the plane’s public address system than their American counterparts.  Gone were the weather reports, the friendly greetings, the mid-flight updates and the arrival and departure details, other than those necessary to the business at hand.  Since these announcements are typically inaudible, loud and ignored, it was a fine respite from the unnecessary.

Unnecessary to date is any need to check my email for 10 days.  I keep two primary inboxes - my personal Apple and my corporate. I spent and spend a fair amount of time and diligence in my personal box keeping it free of clutter and spam and it works for the most part but I still get a lot of email, but it’s typically quick to go through on that side or things.  My company’s inbox is another matter and to a testament of which I have crowed about more than once, the men in the office for the past week have mostly insulated me from any dire urgent and emergencies. I’m sure they are out there, I’m sure they are happening, I’m sure there is more than one grenade sitting in the inbox, but to date, they haven’t needed my intervention.

I think maybe this coming Monday I might wade into them.  Being 6 or 7 hours ahead, I can spend a few hours in my time zone addressing, commanding and leading, then go about my breakfast and pool routine first in North Sardinia at the W and then in Southern Corsica in Bonifacio.

The primary initial reason of why I am in Sardinia is to embark and accomplish at 1000+ mile motorbike ride with a company named bikerbnb.com.  They offer tours in the Scottish Highlands, Spain, Sardinia and Morocco.  5 days, 4-6 hours a day on the bike, with curated routes that include a lot of technical and curvaceous roadways, and a fair amount of non-paved surfaces ranging from sand to gravel to compacted dirt.  The riding averaged under 70km an hour and many times much less because of the nature of the roads selected - twisty, turns, steep ups and steep declines. Small roads that demanded attention and care.   We started in northeast Sardinia, traveled south, then west across the island, north and then east, crisscrossing the island in unusual ways.

I’m not sure they is a space as small as Sardinia that packs the diversity of landscapes that this island does.  It’s not a small island, but once you calculate the terrain changes from coast to desert, to agriculture to forested mountains, it punches far above its weight in terms of unexpected environmental diversity.  

For the first time in years, the weather didn’t fully cooperate on one my weather-dependent trips.  Be it skiing out west and up east, overnight bicycling, and a myriad of other events, excursions and activities that are impacted in part or in full by the weather, I’ve been sailing on an uninterrupted run of good fortune.  That changed here, in a very unusual and improbable fashion.

First, it was chilly.  Especially once we left the coast.  Two, the sun hardly came out with 1, made it feel more chilly, and 2, left a cloud cover that threatened rain.  So while I was looking to warm my chilled northeast bones, I was left layering up and thankful for the overpacking of base layers, a few which I loaned out to others not so well-prepared.  We skirted storms for a few days but our luck ran out on Wednesday where after a long lunch, our remaining two hours of riding was through a downpour and low 60 degree weather.   Few things are as not fun as that, especially then checking into a hotel in a rural area and hoping to find a dryer to dry out for the next day.

We did successfully dry out with the tag team combination of hotel dryer and hotel room blow dryers.  My room’s blow dryer had never seen such a workout drying out my boots and gloves and helmet.

Even the next two days were overcast, and now Saturday morning, it’s clear and back to the weather one expects of Sardinia and thankfully I have an another week here to suck this sun up.

I was reading Farewell to Arms, the Hemingway WWI classic, and somewhere he referred to a trade route in Spain or similar that propelled goods, ideas and knowledge.  And it made me recall all I learned about the Eric Canal last summer.  The push of goods, ideas and knowledge. The foundation of cultural expansion.

I watched Back to Future on the airplane over, the first and original, and I enjoyed it.  But what caught my attention was a quick, a very quick, capture of the villains who were out to murder the eccentric scientist - and low and behold they were the head scarfs of an Arab or Palestinian and it reminded me of the very true insight I read or learned that the philosophical makeup up of Hollywood rarely depicts Arabs as anything other than villains, comedic, tragic and untrustworthy.  It is, and always has been, that way.  A little dirty, always untrustworthy, typically simple-minded and parochial.  One of the few tripes you can get away with these days.  Why you never see sympathetic documentaries or sympathetic storylines.

Lots of small cars here on the island.  Doesn’t look like many people are taking out 6 years, $1000 a month car payments, stealing their future wealth for odd cosplays of superficial and for the most part, false wealth impressions.  Also, a notable number of young men with their leg missing below the knee, with those bionic legs with shocks and curved aluminum bottom section - I attribute it to the moped and small motorbike culture - the lower leg is the first to go in an accident where the leg gets hit or trapped under a sliding bike.

Traveling well is the only way I travel anymore.   If the effort to get there and back can’t be done in style and comfort, count me out.  

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It’s around 10:30pm Eastern Time, but I’m somewhere over the Atlantic, perhaps over mainland Europe now, listening to Karol G, on an aging ITA (Air Italy) airliner, up front in business class, with my business class slippers and my business class wine and my business class lie flat seats. Just finished watching Back to the Future.  Should be landing in a few hours, collect my luggage and then recheck in for the flight to Olbia Sardinia where I’m spending the next 10 days.   Then four in Corsica, thenn another 4 in either Milan or Silicy - haven’t decided.  Away nearly 3 weeks.  I should come back to full-on spring weather, as opposed to the teasers here and there we’ve been getting for the last month.  I think the dollar has lost value against the Euro - things are more expensive than I planned.

I leave with a dozen projects rolling full-steam, with little in the way of slowing down in my absence. I worked hard to get our projects to a place where uninterupted progress could continue, but not to the stages and phases that I’m uncomfortable going through and past without my personal inspection.  No one knows construction like me.  I’m literally an expert on everything from human falability to Murphy’s Law to been-there-done-that problems to avoid.

We rolled into contract on a new Ranch in Narrowsburg.  The house will be finished in June or July and sold as soon as it is complete.  I have a lot of spec homes going up or complete, so if we get those sold this year, it will be a big year.  I’m having deja vu as I write this so maybe I said the exact same thing in a previous recent post - wouldn’t surprise me, it is front of mind considering all my cash I have on the street right now.  2 completely finished homes, 2 mostly finished, and 1 half done.  Completely tempering that risk is a half dozen projects that are ‘pay as you go’, meaning cash flow friendly.

I haven’t seen any Iran-related price spikes other than the day to day gas tax we are currently paying - everyone is feeling it, but as the top of the food chain, I’m expecting to start hearing about possible price increases.  Can’t see how we can’t.  Maybe I’m the last to hear since we have so much pricing power with our subcontractors and vendors that they can raise their prices on smaller relationships but not risk it with us.  My best guess is that everyone is sitting around wondering how long it will last -this spike.  If not too long, then we all will just eat it.  If longer, then there will be a lot of tough conversations to be had.  Hope the Trumpers are happy.

I’ve been hearing more and more about the cost of living.  Fuel, gas, taxes, groceries.  The average family is getting crushed and bled.  Not sure where all this leads.  Consumer debt. Creeping credit card debt.  Home equity loans.  Personal loans.

One of the weirdest things I’ve come across in awhile is the fact that Venmo payments are default set to Public.  Why would a payment app default to public, since us older people it takes awhile to realize that everyone can see what you are paying everyone else.  I know more than one politician has gotten in trouble for sending some money out and someone noticing some interesting payment recipients.  I know I don’t want people to know who I’m paying, but I found that out a little late to avoid some embarassment or overlap in my dating life.  I mean, what can i say, I’m a player.  Not really, but a guy can dream.

In the Big Beautiful Bill, the federal government limited the amount of money a person can borrow for graduate school from public sources.   Very smart legislation, and it will cause college-goers to avoid schools they can’t afford, will help avoid college as playland with long debt hangover, will force applicants to do a return on investment analysis, which is a good thing.  Hiding out in grad school to avoid the big scary world may seem like a good idea, but not after you start getting the loan payback notices.  I hear the job market sucks for new bachelors degree grads, and the article on loan limits tied the detour from grad school to job market as one reason for the more competitive job-seeking market.  Add in AI, and I can see where the problem is. Still a ton of opportunity in small business for a well-rounded common sense applicant.

Lucas Petersheim getting sized up for a nice suit for the prom in a few weeks. It's a senior prom, he's only a junior, but one of his friends is taking him since he's pals with a lot of seniors.

Love the smoking areas in the Rome airport (FCO). A bit claustrophobic but very well ventilated. I also really like when I'm planning a trip somewhere new and get intimate with the airport code, forever etched in the Old Memory.

We have definitely recently hit a sort of nirvana state of construction, construction administration and construction sales.  Smooth is the way it is, like a Marvin Gaye song.

We are construction busy, and it’s going well. 

Someone put this on my car. 2 astonishing takeaways - they were right, I parked horribly. and 2, who cares enough to carry these around with them.

We have good cash flow, so we move without impediment.

We have a constant stream of new clients. Each year I wonder what it holds in store for us, and each year for 25 years we surfed and prospered.  The rarity of that type of small business success is easy to miss for me, because I’m surrounded by successful small businesses since that is the type we tend to associate with.  But outside of my daily experience bubble, the odds of succeeding year after year for decades is statistically low.

All sorts of things can happen.  You can make the wrong investment in technology, land, product or people.   You can make a mistake.  You or a family member could get ill.  The marketplace might change and you might not.  You might just get sick and tired of dealing with the baloney, the neverending fire drills and responsibilities.  You might not make enough money.  You might pick the wrong partner.  You might get divorced.  You might not be able to keep up with taxes, benefits, insurance.  More can go wrong than right for sure.

So that we are entering our ¼ century mark firing on all cylinders, houses for sale, houses going into contract, a half a dozen home build projects for contracted clients on the books, AND have a talented skilled vetted and experienced team both in the office and in the field, AND we have a responsive roster of lawyers, engineers, surveyors.

We know how to solve problems.  How to avoid problems.  How to minimize problems.

Today is Saturday, and when I can I like to tour my projects on Saturdays.  They typically are quiet, so I can concentrate and appreciate without a bunch of yapping in my ear about this problem or that issue.  Unfortunately it’s supposed to rain a bit but that’s life in the fast lane.

I’ve had some projects I’ve been working on for a very long time finally finishing up - electrical infrastructure to two houses in Fremont NY that held up the completion of one of my homes for over a year, and the other one a final punchout of the engineering approvals for a 4 lot subdivision in Phoenixville PA, where I own and rent four single family residential homes.  Projects that took an insane amount of delicacy, perseverance and intelligence.

My residential homes I own and rent now number eight, and the cash they spin off isn’t mind-blowing but it does add up.  The depreciation tax benefit also adds up, where the purchase price plus improvements can be written off over 27.5 years (I believe that is the correct duration).  Just turns out that the depreciation benefit about wipes out the income tax on the net profit so the rental income is mostly untaxed - well, it’s taxed, it’s just offset by the depreciation.  So, at my income tax rate in this state, using easy numbers, if I clear $100,000, I’m keeping $100,000, not $60k.  That’s a big difference over years.

The tax problem isn’t solved however.  When you sell the rental, your tax basis value is the purchase price minus the depreciation, so your gain is bigger, and so is your tax bill.  But that’s typically a capital gain, which can be half the rate of regular income.

I’ve probably mentioned that unless you own a construction company with a book-keeper, operations guy and the owner, I wouldn’t mess with residential rental real estate.  It’s not passive, it carries a lot of risk, the profits are slim, and if you are paying interest on a mortgage, you really aren’t clearing any profits meaning vacancies and repairs and the everyday inflation of taxes, insurance, etc… will literally eat you alive while you are hoping for appreciation.  And a lot of times not liquid so once your in, your in.

My email inbox overfloweth. I find if I just ignore it a bit and come back to it a week later, 75% of the emails don’t need to be answered for one reason or another.

I’m getting ready to build for some folks over in Bethel NY and they husband and wife just were going back and forth about where to put the house and I was like ‘I gotta go’ and the wife’s like ‘you just got here’ and I said ‘I got here awhile ago and this is our 3rd try’ and the wife looks put off and the husband says “I don’t mind his personality” right in front of me.  LOL.  I don’t care.  I’m awesome at what I do, I’m extremely effective and if you want a pro, take it, you want something else, leave it.

Monopolies always suck in one way or another and let’s face it, Apple sucks. At least if you extrapolate their simple voice texting understanding and contrast that with voice queries with Claude or Chatgpt.  How can Apple’s suck so bad and the others are reasonably accurate?  What else sucks so bad about Apple we don’t even realize it since it’s standard and competition has been stymied by the power of a monopoly?   I used to say if Apple voice texting is an example of AI, we have nothing to worry about.  Now I see Apple voice texting and Ai share little in common with forward, high-impact technology.

Ai’s response to why Apple voice texting sucks - 

5) Model size and training approach

AI assistants:

• Trained on massive conversational datasets
• Fine-tuned for natural language output

Apple dictation:

• Trained more narrowly for phonetic recognition
• Not heavily optimized for conversational repair

6) Real-world effect (what you’re experiencing)

Why it feels “so bad”:

• It doesn’t correct your phrasing
• It doesn’t infer intent
• It fails on names, slang, or fast speech
• It locks in early mistakes instead of revising

Meanwhile ChatGPT/Claude:

• Smooth over errors
• Fix grammar automatically
• Reconstruct meaning even from messy input

Jared Covit Lawsuit Fun Fact - we calculated that we estimate we received over 700 emails during and after this house build, started by Jared Covit and Lauren Rich.  That’s the ones they began, not the ones we began, and not counting responses - we are thousands at that point.  If I get two emails a week from a client, that’s about average.  And he thinks he’s behaving normally.  Also found out he’s not married, just got engaged a few weeks ago.  Can you imagine - “Will you marry me?  Oh by the way I need you to get grilled next week at a deposition for this lawsuit I put your name on?  BTW, who loves you baby?” #5 on his search results and it's only been 2 days. And I've republished all the posts I took down last year in an attempt to lower the temperature.

Jared Covit was delivered a great home in the middle of a world-wide pandemic.  We responded to another 100 emails after he moved into the home.  Then he sues us for stuff that judge laughs out of court, and he starts a trade-mark infringement Catskill Farms instagram account, and he ruins his girlfriends upstate experience with this exercise - and I’m the 'mean' one.  

Can’t make this stuff up.  But what you can do is post the entire transcript of the 8 hours of depositions with commentary.  Will be fun.

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We just had two successful days of legal discovery (which the main takeaway is Jared Covit thinks I'm mean), and I'm just about heading to Italy for better part of a month, so I'm not going to harp on this one thing as we are crushing it from a business perspective. but here's the letter I submitted to the NY Bar concerning the actions of Martin Shell.

Charles Petersheim
2458 State Route 209
Wurtsboro, NY 12790
917-838-5342

4/20/2026

Attorney Grievance Committee
Third Judicial Department
286 Washington Avenue Extension, Suite 200
Albany, New York 12203

Re: Complaint Against Martin Shell, Esq.
The Shell Law Firm, PLLC

Dear Members of the Committee:

I write to file a complaint regarding the conduct of Martin Shell, Esq., counsel for the plaintiffs in an ongoing civil matter in which I am a defendant.

The conduct at issue occurred during a scheduled site inspection of the subject property located at 174 Rivka Road, Saugerties, New York. The inspection took place on March 30, 2026.

During the inspection, Mr. Shell engaged in behavior that I believe was unprofessional and inconsistent with the standards of conduct expected of attorneys in New York. Specifically:

• Mr. Shell raised his voice and addressed me in an aggressive and confrontational manner on multiple occasions.
• He attempted to direct and control my actions during the inspection, issuing instructions in a manner that was inappropriate for opposing counsel.
• His conduct disrupted the orderly process of the inspection and created a tense and adversarial environment beyond what is typical for such proceedings.
• Mr. Shell produced a camera and began recording in a manner that I experienced as aggressive and intrusive. This recording was not disclosed or agreed upon in advance and was conducted in close proximity in a way that appeared intended to provoke or intimidate rather than neutrally document the inspection.
• His aggressive actions only were tempered after several warnings from my counsel.

It’s also appears that Mr Shell and Mr Covit (the homeowner) set up a listening devices at the exterior of the home to eavesdrop on our privileged and private conversations.  Since I was using my phone to videotape the condition of the home, I captured Attorney Shell speaking into thin air ‘Jared, can you open the front door’? while Jared Covit is inside the home far from our location.  The door then opens.

The purpose of the site inspection was to facilitate discovery in a professional and cooperative manner. Instead, the conduct described above interfered with that objective.

Mr Shell may counter his performance was in appropriate response to me introducing him to my fellow inspectees as the 'lawyer who sued us for fraud' (cause of action dismissed), which was just stating the facts that he himself created.  I believe Mr. Shell’s behavior falls below the standards of civility and professionalism required of attorneys, including the obligation to refrain from conduct that is disruptive, harassing, or prejudicial to the administration of justice.

I respectfully request that the Committee review this matter and determine whether further inquiry or action is warranted, especially the potential eavesdropping of client-attorney conversations.

I am available to provide additional information, including a more detailed account of the incident, the identities of other individuals present, and any supporting documentation.

Thank you for your time and attention to this matter.  There were four witnesses to this, including another member of the bar.

Respectfully,

Charles Petersheim

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What Claude.ai says about the situation -

If this happened, it is a serious violation:

From a legal standpoint, attorney-client privilege and work product doctrine protect your private conversations during that inspection. If opposing counsel actively participated in or directed the recording of those conversations, that is potentially one of the most serious ethical violations an attorney can commit. It could constitute:

• Eavesdropping — a criminal offense under New York Penal Law §250.05, which makes it illegal to unlawfully engage in wiretapping or mechanical overhearing of a conversation
• Violation of attorney-client privilege — intentionally intercepting privileged communications is sanctionable conduct
• Bar ethics violations — under New York Rules of Professional Conduct, Rule 8.4, attorneys are prohibited from engaging in conduct involving dishonesty, fraud, deceit, or misrepresentation
• Potential obstruction — depending on what they did with the information

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