I swear to god the What and his bandwagoning army is so cynical, angry, bitter, etc that no matter the numbers and results of those numbers they would rather see a f@cking nuclear bomb dropped in the middle of the city just to say 'I told you so'. It is like their only outlet of 'superiority' over some 'rich property owning stroller pushing finance industry working' boogey man - their Joe the Banker.
It is sad really.

Posted by: crimson at October 16, 2008 10:25 AM in response to Elliman 3Q Report: Mixed Results

Whuh is not only bitter but angry.
You don't mean 40% poorer - you meant 40% less wealthy. And sulk it more. Like I said 3 months ago in Curbed and here, it is always the low and middle class that get hits the hardest during recessions. Yeah they may down grade their living, but they will be down grading to YOUR apartment - since you will lose your job and won't be able to afford your rent. Next stop 'the projects'. Misery loves company.

Then from there - you and the What will champion the next big thing like rebound.

Posted by: crimson at October 11, 2008 2:28 AM in response to Quote of the Day

LOL- if you think I get slaughtered. No one is safe from the market. No one. If you think you are then I finally understand why you think the What is right.

Bitter renter? People with money can't buy now and you think you guys are going bargain hunting? LOL. You are out of the game before the crash, you will be out during the recession and definitely during the boom.

Like they teach in macro eco 101 - only the rich profits from recessions and depressions.

Posted by: crimson at October 10, 2008 7:10 PM in response to Quote of the Day

Please - the What had various rantings on EVERYTHING. If you throw enough shit on the wall something is going to stick. And not like the credit crunch was a surprise. Every one knew the RE was going to retract - the question was how much.

So please I love the bandwagoning here. 3 months ago - you had 1 or 2 guys backing up the What - now you have half the people in Brownstoner as expert in global credit finance.

If a guy starts predicting all sort of boom economy coming are you guys going to get on that bandwagon too years from now?

Like I said, a broken clock.

Posted by: crimson at October 10, 2008 7:07 PM in response to Quote of the Day

"Even a broken clock is right twice a day"

Posted by: crimson at October 10, 2008 4:44 PM in response to I told you so...

It was not 'skepticism' nor 'pessimism' it was out right cynicism.

Anyway, if scream the world is going to end you WILL be EVENTUALLY be right. 'A broken watch is right....'
Right?

I mean I can say a boom is coming. :/

So no -the What has not more credibility that he had before. Giving him more is automatons dealing with defeatism.

Posted by: crimson at October 10, 2008 4:40 PM in response to Quote of the Day

Just to be clear here...
I don't care much for either building. I don't know much about the Heritage except for the wesbite (which means nothing) or your building Benson.

Posted by: crimson at August 5, 2008 9:32 PM in response to Closings Begin at the Heritage

Benson

Why is it whenever someone says counter to knee jerk comments here Brownstoner/Curbed, the common defense is that 'you must be a broker'? As if logical arguments cannot exist without secret motivation.

Regarding bricks, that was hyperbole. But yes construction material can affect CC. How well they insulate? How much to replace? Who can replace them? Daily maintenance cost (if any)?

Offering plan is a good start because it states where numbers for the CC is derived from. It states the expected utilities, the labor cost, materials, etc. It defines (legally I might add) the common spaces, thus your share of maintaining these areas.
Saying OP is not relevant is shocking! It shows ignorance outright saying otherwise. Even if your condo budget changes after the first year, the OP still states legalities that is a huge portion of your next budget.

Yes you included square feet but did not include exterior space. What amenities was considered- a doorman and a gym? You disregarded so much more - like live in super, payment for housing of super, shared outdoor space, lobby area, elevators, refrigerated delivery storage, other labor, etc. This may or may not apply - but that is my point. We don't know! You picked 1 to 3 things and came to a conclusion. If you know anything about condo budget it literally list a dozen major categories with sublist dozens more under that. Hell a gym does not even one of the biggest contributor to a CC in a luxury condo. Labor (salary, taxes and benefits), electricity, heat, water, sewer, insurance and daily supplies are.

Selling a place? Must be the pedestrian logic that if you are against me you must be trying to sell me something. Unless you can come up where CC budget are derived I suggest stop accusing me of some ulterior motive.

Posted by: crimson at August 5, 2008 8:27 PM in response to Closings Begin at the Heritage

fsrg

Just a quick observation on your unit...

1. No common area to speak of - this SIGNIFICANTLY reduces CC because less labor, less maintenance, less monthly building utility bill, etc, etc.

2. The mechanical room is in the unit. So a portion of your mortgage is that room. Other condos have it in the basement (thus part of your CC). It also means the upkeep falls on to you (like having a detached house). If in a basement it is part of your CC.

Posted by: crimson at August 5, 2008 5:19 PM in response to Closings Begin at the Heritage

To add...
Some of the spaces have large outdoor spaces. Those are usually not counted in the quoted square area feet. But having outdoor space does increase your CC.

Posted by: crimson at August 5, 2008 4:57 PM in response to Closings Begin at the Heritage

Stop making comparisons. Posting a link about a real estate across the street or across town means very little. You need to "open the books" - the Offering Plan is a good start - to make a sensible comparison. Amenities like a gym or doorman is a small portion of your monthly CC. Things like infrastructure, labor, utilities, etc are other things to consider. Two buildings made of red bricks with the same square feet can have drastically different CCs for varying reasons. One can be made of more expensive bricks. It may have larger common areas thus higher cost of repair and upkeep. It may have expensive plants in the garden. It may hire a professional grounds keeper for that Zen garden instead of just using the super.The super might be a live in super. Guess how they pay for the super's unit? That is right - through CC. Although some condos will often change that to one time upfront cost as part of your closing cost. You may have a heated/cooled indoor garage. You get the picture.

So stop comparing. Get a hold of the offering plan at least if you want to make a fair comparison. If not you are just contributing nothing. I too can search the Corcoran website. If the CC cost does not fit your budget - that is fine. It may well be the Heritage has a higher CC but without we don't know why exactly.

Posted by: crimson at August 5, 2008 4:48 PM in response to Closings Begin at the Heritage