Wednesday Links
Beer Distributor Makes a Deal for Red Hook Piers [NY Times] Gehry’s Software Keeps Buildings on Budget [NY Times] Paterson Still Considering Tax on Wealthy [NY Post] Council Considers Nixing Pull-Down Store Gates [NYDN] A Chance for the Non-Rich to Buy [NY Observer] 109 Montague Sells for $3.7 Million [Brooklyn Eagle] River Cafe Owner Expanding…
Beer Distributor Makes a Deal for Red Hook Piers [NY Times]
Gehry’s Software Keeps Buildings on Budget [NY Times]
Paterson Still Considering Tax on Wealthy [NY Post]
Council Considers Nixing Pull-Down Store Gates [NYDN]
A Chance for the Non-Rich to Buy [NY Observer]
109 Montague Sells for $3.7 Million [Brooklyn Eagle]
River Cafe Owner Expanding to Red Hook [Brooklyn Paper]
NYPD Forced To Cut 2010 Police Class [NY1]
Photo by ultraclay in the Brownstoner Flickr Pool
What are you talking about? It says $3.7 MM. 🙂
Thank you for nitpicking about my nitpicking.
Speaking of nitpicking, I think when someone points out an error and it is corrected, Mr.B should blackline the correction. Otherwise, comments such as Snark’s above appear to not make sense. And we all know that every comment every one of us makes always makes sense!
That is definitely nitpicking.
Yes Pete. I’d agree with you that both are valid definitions but when the numbers are so egregiously misrepresented as in the median of $46,831 for NYC then all the data is irrelevant and, frankly, wrong.
You can’t include Queens in the data for Manhattan given the disparate costs of living (primarily housing) and expect to get any valid number. It’s just plain stupid.
One use of middle class is being middle income earning. The
2nd definition is of a supposed lifestyle.
Not to nitpick, but 109 Montague St. sold for $3.7mm, not $3.9mm as stated in the link above.
Yup, Bklnite, that last quote is spot on, everything is relative.
To continue the “what’s middle class” discussion from last week… The NY Observer article refers to a center for an urban future study, then calls Manhattan its own city (?) “Manhattan is far and away the most expensive city in the United States…Queens…had the fifth highest index score”. The article goes on to say “The standard definition of middle class is people making 80 to 120 percent of the middle income in a given area. According to the most recent survey, taken in 2007, the median household income in New York City is $48,631, which puts families earning between $38,905 and $58,937 in the middle class.” Presumably Queens is back as a part of NYC in the latter quote.
Meanwhile the Daily News and US News and World report both cite the study released by the Center for an Urban Future to say that in NYC you need to earn six figures to make middle class.
http://www.nydailynews.com/money/2009/02/05/2009-02-05_nyc_so_costly_you_need_to_earn_six_figur.html
http://www.usnews.com/blogs/luxe-life/2009/02/09/it-takes-6-figures-to-be-middle-class-in-new-york-city.html
Or, a link to the CUF report itself…
http://www.nycfuture.org/images_pdfs/pdfs/CityOfAspiration.pdf
But that’s 52 pages – who has the attention span for that?
A quote from it…
“What is middle class?
It depends when you got into the real estate market,â€
says Jay Greenspan, a freelance writer living in Brooklyn.
“If you got into the market 10 to 15 years ago, you
can earn $75,000 a year [and be middle class]. If you’re
trying to get in today, it probably takes $250,000.â€