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NY Times Finds That Renters Are Stupid; Don't Know the Meaning of "If It's Too Good To Be True..."

Started by The_President
over 16 years ago
Posts: 2412
Member since: Jun 2009
Discussion about
Seriously, how can someone who works in fiannce in NYC expect to actually rent a 1 bedroom on Park Avenue for $1,300 a month? You mean you did not smell any fishy??? Last month, a woman in her 20s who works in finance at a major investment bank responded to a Craigslist ad for a prewar one-bedroom at 470 Park Avenue. The pictures were “beyond amazing” for the monthly rent, $1,300, she said.... [more]
Response by nyc10022
over 16 years ago
Posts: 9868
Member since: Aug 2008

So, they find evidence of 1 stupid renter.

Yet, we have records of millions of idiots buying (sometimes multiple) homes they can't afford in the worst RE bubble of all time. Real genius there. And then there is alpine, who is 10x dumber than that lady.

Sounds like renters are still up 100 million to 1.

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Response by nyc10022
over 16 years ago
Posts: 9868
Member since: Aug 2008

And did genius alpine just try to claim that RENTERS don't know the meaning of "if its too good to be true". Yes, because any idiot can double their money buying housing in a bubble wasn't believed by ANYBODY.

WOW, talk about denial.

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Response by Riversider
over 16 years ago
Posts: 13572
Member since: Apr 2009

NY Times Finds That Renters Are Stupid; Don't Know the Meaning of "If It's Too Good To Be True..."

Don't think the NY Times suggested that at all. Just a bunch of anecdotes thrown together. Not reasonable to conclude renters as a class are stupid from this. And for the single example of the woman in finance, I don't see how one could generalize in any way...

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Response by nyc10022
over 16 years ago
Posts: 9868
Member since: Aug 2008

I think alpine is just tired of being called stupid....

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Response by PMG
over 16 years ago
Posts: 1322
Member since: Jan 2008

I know a very, very smart person who rented in Manhattan for 20 years before buying. They bought in 2007. Now maybe they weren't ready to buy five or ten years ago, I don't know. Still, pretty awful timing, if you ask me.

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Response by nyc10022
over 16 years ago
Posts: 9868
Member since: Aug 2008

so 100,000,001 to 1, and counting.

(and rufus doesn't know how many minutes are in two hours either).

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