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spdrun
ParticipantKeep in mind that she’s 66 yo and overweight. Time for everyone to send her some Twinkies. For her health, of course.
This being said, inventory outside of NYC is doing just fine right now. It should eventually dip because of homes destroyed in Sandy, but it will take 6+ months for people to get back on their feet and think about buying replacement homes.
Meanwhile, I’m ready, wiling and able to buy this winter.
November 13, 2012 at 3:58 PM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754638ParticipantI meant 11k – still higher than 13 months ago. But 10k wouldn’t be tragic either, I guess.
November 13, 2012 at 3:50 PM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754636ParticipantDow was at 10,4k last year in October. Even if it drops to 11k now, it’s not a big deal. In fact, it’ll be a mofo of a buying opportunity.
ParticipantHow about financing R&D directly instead of making the excuse that it’s for “national defense”. There shouldn’t be a need to kowtow to the anti-science people.
ParticipantIf he gets into Cooper, he’d be basically only paying for housing. (Not as bad as you’d think if he finds a place to share with a bunch of people in Bklyn after his first year.)
The money saved should pay for cross-country air tickets whenever either of you needs to visit the other. It’s a very different experience from a typical American university, but it’s both prestigious and cheap.
NYC/Brooklyn also has a substantial tech and maker scene if you know where to look. And 40% foreign-born population, so it’s easy to build contacts/swap language lessons with a view of eventually working abroad.
ParticipantReach school? Apply to the Cooper Union in NYC. HIGHLY selective, but the price is right. (Every student gets a full ride regardless of need.)
November 12, 2012 at 5:29 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754562ParticipantFor what it’s worth, my apartment is ~400 sf. I’m thinking of selling and buying a 2/1 (~600 sf) or 3/1 (~750 sf) in a less “known” area for a similar price and possibly lower payment.
Then again, it would rent at a decent cap (by NY standards, anyway) and would be child’s play to rent, so I’m not in any rush to get rid.
November 12, 2012 at 4:43 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754558ParticipantAN: Honestly, given unlimited money for a primary residence in the US, I’d buy something like a 4-bedroom row house in Brooklyn, Fort Greene within spitting distance of Manhattan. Taxes are damn cheap, about $250/mo, I’d have a back yard for a garden/fresh veggies, no HOA/condo/co-op board to worry about, and proximity to an gorgeous park.
No reason to go extravagant as far as floor space. Lots of floor space needs to be cleaned, yet I hate the idea of having maids and workers invading my private space.
Maybe I lack imagination, but so it goes.
November 12, 2012 at 4:28 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754553ParticipantAN:
Smart people underbuy and live below their means all the time.Why would you want to burn down all of your equity and put it into a place that’s not producing income?
November 12, 2012 at 4:16 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754550ParticipantAN: You’re ass-u-ming that the average residence for a family with 2 kids is the same in both cities, and thus are attempting to compare apples to apples. Again: floor space and number of thrones isn’t the be-all-and-end-all of housing quality. A castle in a burbclave and two foreign cars seems to be the San Diego dream, but it’s not everyone’s dream.
Oh, and my cousins grew up in Vienna (the one in Austria). Small 3/1.5 apartment, and they both turned out fine – one works for the UN, the other is a teacher in Japan.
November 12, 2012 at 3:29 PM in reply to: Am I refinancing too many times? Any reason why I shouldn’t refinance? #754536ParticipantIf you can repay early without penalty, what’s the difference? It’s actually nice to have the flexibility of a longer time-frame/lower payment even if you don’t use it.
Since the Bernanke Bucks are available, may as well use ’em.
November 12, 2012 at 3:13 PM in reply to: OT: Cloward–Piven Strategy – Obama/Democratic Strategy for Socialist State #754531ParticipantProbably some wealth erosion due to inflation. Then again, there are ways to defend against that, like by buying property where appropriate and at a good cap rate.
As far as outright confiscation, I heard that line in the 90ies under Clinton. Didn’t happen then, won’t likely happen now.
November 12, 2012 at 2:41 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754522ParticipantWhat have y’all got against seasonal variations in temperature?
November 12, 2012 at 2:39 PM in reply to: OT: Cloward–Piven Strategy – Obama/Democratic Strategy for Socialist State #754521ParticipantActually, offense spending is more like corporatism aka fascism.
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