Quote of the Day
If wanting to pay a reasonable price for a home somewhere within a 40 minute commute to my place of employment makes me a loser and a “tool bag”, then I’m happy to be a loser and a tool bag. I’m sorry for all the people who are losing money on their home values right…
If wanting to pay a reasonable price for a home somewhere within a 40 minute commute to my place of employment makes me a loser and a “tool bag”, then I’m happy to be a loser and a tool bag. I’m sorry for all the people who are losing money on their home values right now, but those of us in careers other than banking, medicine and law would like to own our homes, too.
— by cwbuecheler in Has the Buyers’ Market Come to Brooklyn? Duh.
A ridiculous QOTD. Mr. B is just trying to stir up trouble. Obviously, New York is desirable and full of rich people and prices have risen. It’s still nowhere near as unaffordable as the SF Bay Area, where ANYTHING within three hours drive starts at $750,000.
Jackson Heights is a perfectly fine area and a whole lot more diverse than brownstone Brooklyn. Pitbull can get a perfectly lovely 1930s studio with a dressing area and entry for $80,000.
CWB can get a townhouse in Crown Heights, Bed Stuy, or Bushwick for $400,000 to $600,000 with all the other teachers and accountants.
If there’s a problem, it’s that people who work in grocery stores, restaurants, and construction can’t compete with recent college grads for rent, which is rising from $1200 to $1600 for a five-room apt.
“If he commented on MY Quote of the Day….he would have said…..
Quit the Thread!!!”
And if he saw me today in my stylin’ suit, he would be saying…
Quite the Threads!!!
‘Quite a thread!’
WOW…even Mr. B came commented on this one.
If he commented on MY Quote of the Day….he would have said…..
Quit the Thread!!!
Quite a thread!
Aussie – while some during the recent presidential campaign were accusing Obama of being a “redistributionist”, what was never mentioned was how much of a redistributionist Bush was – though the redistribution under Bush (and for that matter, Reagan and Clinton too) was one where we’ve seen a massive transfer of wealth to the very top of our society while the middle and working classes have seen their incomes stagnate or decline. The fact is, things are not as simple as saying a rising tide lifts all boats, or vice versa – as I’ve said before, economics is complex and many things factor in, including fiscal/tax policy, individual savings (as DOW8000 points out), etc. I know plenty of people who are in stable jobs (tenured college professors, for example) who have saved money and have reliable incomes, and they are precisely the types who could benefit from a housing correction, as can folks like DOW and yes, myself, since I sold previously, having seen the writing on the wall, and having made a prudent decision not to overprice as the market was already turning, and be glad for the profits I did make (unlike many owners now, who are sticking to high prices, and seeing their properties not sell – they will find in the future that they should have accepted some of those low offers since they will soon have to accept much less if they really want to sell…).
Biff, it took me a while to figure out what the hell OBBP was. You’re such a kiss-ass, you hate that building! I thought the apartments there were terrific, but it’s not like I’m selling the homestead and movin’ in.
PS: the “you are my gyro” was a little weak. Today’s bon mot was the guy who wrote…”thou shall buildeth a house with one wide window and one tiny window”… that was hillarious. If that person does not already write for SNL, they should consider it.
11217 – Thank you for the dose of reality. Seriously. For the record, I’m very aware that Brownstone Brooklyn is only a small part of New York. It just happens to be my favorite part of New York. My fiancee and I absolutely do not need 3000 square feet, and I’m not sure we even WANT that much space. We’re just trying to figure out how to buy in the neighborhoods we like. 🙂
And now, I’m sure everyone is headed to dinner and/or sleep.
ALSO … I’m interested in the December meet-up and think it’d be fun to meet some of you. I live on 7th and Union, so if it’s still happening at Union Hall I really have no excuse not to go.
Anyway, see you all tomorrow for a whole new batch of arguing about real estate!
“but I think of a “tool bag” as a rather useful accessory. Especially for a homeowner. Is that even an insult?”
Maybe if you’re a Jewish male…?
{citation: NY Times article circa 10/2004, Home section, “as unusual as a Jewish man with a tool belt.”)
at your service, 11217!