Dose of Reality for Trust Fund Kids
Reality (along with a little schadenfreude) has come to the post-college rental market in Williamsburg: According to an article in The Times this weekend, the twenty-somethings who’ve been able to rely on Mom and Dad when the first of the month rolled around are finding that they have to come up with the rent the…
Reality (along with a little schadenfreude) has come to the post-college rental market in Williamsburg: According to an article in The Times this weekend, the twenty-somethings who’ve been able to rely on Mom and Dad when the first of the month rolled around are finding that they have to come up with the rent the old-fashioned way now that the older generation is struggling more under the weight of the financial crisis. And while having less time to play in a band or work on a canvas may not be music to the ears of those used to being on the receiving end of parental largesse, some who watched jealously without help can’t help but take some pleasure in their neighbors’ misfortune. If I’m going to be completely honest, it does make me feel a little bit better, said one struggling wallpaper designer. It’s bringing a lot of Williamsburg back to reality.
Parents Pulling the Plugs on Williamsburg Trust-Funders [NY Times]
Photo by Ando228
Rob, I do not often take buses because I believe that they are neither fast nor reliable, however they have the advantage of being above ground, which means you can sightsee a little.
“come up with the rent the old-fashioned way”
I love it. “Test Tube Baby!” – Robin Harris. Trust Fund Baby!
Wow, collapse everywhere.
***Bid half off peak comps***
are buses in nyc fast and reliable? the only buses im used to taking are the short ones for a buck when i lived in jersey.
*rob*
Sam, I occassionally take the bus from Clinton Hill to Brooklyn Heights. Most of the time, it’s a pretty diverse crowd on that ride.
Montrosse, Yes, oddness. My point was that sometimes one is reminded that the intergration of Brooklyn neighborhoods is a slow process.
Clinton Hill is supposed to be a diverse community but you would never know it from the bus, which was by the way a very pleasant ride. Such a relief. I had been walking for miles looking at streets that I usually just ride through.
Buses are very handy, I should take them more, I rely too much on the subway.
The B67 is racially mixed. The B6 which goes from Bath Beach to New Lots is a fun ride and has good people watching too. I used to take it to work.
Fair point, Sam. My mistake.
I can’t speak for sam, of course, but I took his point to mean that his fellow melanin deficient brethren and sisteren are not using public transportation, not anything more racial or sinister than that. I got the impression he was not celebrating the fact, but commenting upon its oddness.
I didn’t say that help with the down payment Is a humiliation, I said that having parents co-sign a mortgage or lease is. There is a big difference. A lot of people get a one-time boost from parents or grandparents. Co-signing means you are not credit-worthy enough or do not make enough money to carry the payments on your own and that the bank or landlord expects you to default.