Open House Picks
Brooklyn Heights 165 Columbia Heights Halstead Archive! Sunday 1-4 $5,500,000 GMAP P*Shark Park Slope 189 6th Avenue Century 21 Sunday 11-12:30 $1,895,000 GMAP P*Shark Clinton Hill 22 Clifton Place Brown Harris Stevens Archive! Sunday 11-1 $1,790,000 GMAP P*Shark Prospect Park South 169 Stratford Road Mary Kay Gallagher Archive! Sunday 1-3 $1,260,000 GMAP P*Shark
Brooklyn Heights
165 Columbia Heights
Halstead Archive!
Sunday 1-4
$5,500,000
GMAP P*Shark
Park Slope
189 6th Avenue
Century 21
Sunday 11-12:30
$1,895,000
GMAP P*Shark
Clinton Hill
22 Clifton Place
Brown Harris Stevens Archive!
Sunday 11-1
$1,790,000
GMAP P*Shark
Prospect Park South
169 Stratford Road
Mary Kay Gallagher Archive!
Sunday 1-3
$1,260,000
GMAP P*Shark
Texter —
FDIC insured bank accounts are insured fully up to the limit — $100,000. You can put your money in different banks, and each account will get the full insurance. If the FDIC reneges on its guarantees, we will be in such a big crisis that you will have far bigger things to worry about than your investments. Think Will Smith.
You can also buy T-bills or T-bonds directly from the government. There is no more chance of default than of the US government collapsing. You can choose the maturity you want and if you hold it to maturity, this is as safe as anything in this world.
Money market funds are not government guaranteed but they are nearly as safe. No sponsor has ever allowed one to “break the buck”.
With these investments, you have basically no chance of losing your money. The risk, instead, is that inflation will eat away at it over time.
YOU ALL DO REALIZE THAT DAVEINBEDSTUY AND AUSSIE ARE ONE IN THE SAME, RIGHT??
AND BXGRL AND BIFF ARE THE SAME PERSON.
DIBS: you don’t really deserve a response, but i am bored. if much of the housing bought in manhattan in the past 3-4 years depreciates to the original purchase price or below (very feasible), the “cash out” flow is gone for all those people. anyone who bought before then could probably still do so, but i wouldn’t expect that volume to increase for any particular reason now. people who sold and are currently renting will likely continue to do so until they get comfortable that we have reached the bottom. therefore, the cash out effect fizzles. it really sucks that i have to spell everything out for you. you really have very little knowledge of econ or finance.
11.09 said “how about a more progressive tax code and more stringent regulation on the financial industry? how about a ‘system’ that doesn’t favor the have’s so much? how about equal punishment for the white collar thieves who rob the country blind and get off with a slap on the wrist if anything at all? all of these things would make me very ‘happy’…”
Hard to argue with that. That would make me happy too. How do you do it? More stringent regulation and appropriate punishment should be easy but as for the “system”; Americans are voting for the people that put this system in place. Most people want this system because under it anyone can suceed provided they are willing to work hard within the system. I might not work under your system at all! If tax starts to take away all my pay lying on the beach with a reafer might be a better choice.
Heather–
Labor costs are undoubtedly higher here, but there’s also dramatically different views about one what considers a “nice renovation.” It’s easy to spend $200k on a kitchen alone, but you can spend a lot less if you use stock cabinets, medium-range appliances, etc. That’s just one example.
Obviously there is critical work that you need to do in a fixer-upper, and do at the best quality you can afford, like plumbing and electric and structural repairs. Beyond that, the expenses come from how you finish things, and whether or not you’re working largely with the existing floorplan or making significant changes.
In our house we ended up laminating many of our plaster walls with sheetrock rather than repairing or replacing the plaster–it was 60% less money. For tile, you can spend $2-3 a square foot in a bathroom, or over $20 (and both could look great in the end). I could go on.
It’s impossible to say how much a house will cost to renovate without seeing it in detail, but I do think a cost-effective and still really attractive reno is totally doable if you do your homework.
Can I ask a question that’s been bothering me for some time?
Earlier a quote of $1MM was given as what it would cost to renovate that 6th ave house. What I was wondering is, I’ve noticed in other cities (say, Philadelphia), comparably-sized houses get really nice renovation jobs for much less that that…they have to, since you can buy them for $500K or less. Are labor and materials really that much more expensive here? Has the renovation/construction market become just as artificially inflated as the housing market?
“If the economy and wall street tumble like a house of cards (and I don’t think they will) what then? Many would simply view this as the creative distruction to make way for a better model, quite a positive spin (considering the pain it will cause). ”
Man I can’t wait for the new registration process. So Anons like this on wont spew dumb crap like this.
You are witnessing the greatest looting of America and the sad thing it was done right in front of your faces.
As you drool in front of your computer monitors remember one thing. The Mutant Asset Bubble is over Boy’s and Girl’s. Next week you will see the acceleration of Bank failures. The system is broken and it will take years to fix it.
This week end you have some important people trying to figure out what to do. If Asia open up in the red then you can count on a “Black Monday”.
“Who is the What, did anyone ever work it out? He is definitely not stupid but he has varing degrees of lucidity in his posts. ”
The What is the gatekeeper to the apocalypse…….
The What
Someday this war is gonna end…
Middle and Upper earners pay alot in taxes by the way. My husband and I made about 200K combined before I quit to care for the kids. When I saw the tax effect of halving or closee to it our earnings I couldn’t believe impact – why was I working? Yet my spending / taxes helped my local economy (restaurants, grocery, bookstore, etc as well as city/local. People have to have incentive to work, invest and save and pursue higher educaton.
In terms of regulation – I think that we need strong intelligent leadership with wise wise foresight. One reason that wall st excesses weren’t curbed was the good in terms of people employed and related consumer spending that came along with it – taxes to pay for schools, roads, social programs, etc. The wide view is the right direction. Believe it or not we need really smart business people to make this work.
10:32 asks, “What would you put in place of the system we have… will you say?”
how about a more progressive tax code and more stringent regulation on the financial industry? how about a ‘system’ that doesn’t favor the have’s so much? how about equal punishment for the white collar thieves who rob the country blind and get off with a slap on the wrist if anything at all? all of these things would make me very ‘happy’…