An idea: to avoid the skewed average appraisal price that results from someone entering a ridiculously high amount, why not use median instead of average?

Posted by: citykitty at April 16, 2009 1:30 PM in response to House of the Day: 501 Bainbridge Street

Cambridge, MA had rent control for decades, and it was ended in the mid-90s without dire consequences, as far as I know. It's tough to compare NYC to other places, and the end of rent control in Cambridge coincided with the beginning of a real estate boom, so results are not necessarily applicable. Still, it's interesting to read that one study (admittedly, by the right-leaning Manhattan Institute) credited the end of Cambridge rent control with an increase in housing investment of 20%.

http://www.manhattan-institute.org/html/cr_36.htm

Posted by: citykitty at February 3, 2009 5:17 PM in response to Quote of the Day

If you go back to Blogdett's post, you'll see that the first commenter raised the point that the data reflect closings in August, before the worst of the credit crunch arrives, and that the decline will continue. Henry then comments that he agrees, pretty much negating the point of his original post.

Posted by: citykitty at October 28, 2008 2:49 PM in response to Case Shiller's Silver Lining?

Okay, I know I shouldn't do this, but I'm bored... TD, I'm sorry I offended you, and you make a good point about not criticizing others choices in neighborhoods/buildings. But after your first post, I was curious about your other comments, and found this, that you posted related to some new building in Bay Ridge:

"you can get something at Toren with similar square footage plus awesome views for 1.3 million. why in the world would anyone pay 1.5 way out there? it's ridiculous."

hmmm... you're right! why CANT others on these boards accept the fact that people might enjoy living in a neighborhood or building that doesn't suit their own tastes!

Posted by: citykitty at October 16, 2008 5:17 PM in response to Co-op of the Day: 201 Clinton Avenue

Why live here when you can get the same, or more, space, plus character and great subway connections in Jackson Heights?

Posted by: citykitty at October 16, 2008 4:01 PM in response to Co-op of the Day: 201 Clinton Avenue