Correlation between age/income/home status

1-33
2-15k
3-Renter

1--36
2--300k+
3--renter, looking to buy.

although income is a poor indicator of wealth, should be asking for liquidity levels.

1 - 34
2 - 330k
3 - closing on first condo purchase next month

1) 40
2) 225k
3) closed in coop in january (first time purchase)

btw, for posterity, dols my coop last yr, currently renting but in the market to buy again.

1) 29
2) 200k+
3) closing on first condo purchase next month

1 - 31
2 - $100k
3 - Owner, just bought a coop, pray for me during the board approval process!

OP, then you are not an owner yet and didn't buy yet. But good luck with the board - my own feeling is that they hype this board approval all up - but at the end of the day unless you have 3 heads or poor financials its a go.

1 - 42
2 - 420k
3 - renting, looking to buy

and to totallyanonymous, about 300k in cash

this is silly....are you married? kids? two very important factors

What the hell kind of exercise is this?? krosfyah, are you writing from Nigeria and trying to identify gullible people?? Or are you really trying to gather a meaningful batch of data from a few random throway postings by people like "stealth1", "dashertz65" and, for that matter, "masterq"???

Masterq, post up or shut up.

Thanks everyone else who replied, interesting stuff.

brokerstink, clearly all the above are single if they haven't brought it up.
i too did not respond for the same reason...
And thus the survey is biased since that's now two people who think you're collecting the wrong information...

sorry--i'm married.

i don't include my wife's assets.

Better get the last 4 digits of your social up there too, totallyanonymous.

6969. i'm also 4'8" and I wear an eyepatch.

Aha. I think I winked at you at Pastis last Saturday.

And can you tell us anything more about these "assets" of your wife's?

No wonder there are so many commenters on here who keep cheering prices higher and higher. Too many youngins with no clue about what historical value is. 31,33,36,29,34........ Ahahahahahaaa. I suggest you track down some 50, 60 or 70 year olds who are sitting on much more New York real estate, so they can educate you about what prices use to be like. I would have thought people your age where much much better at doing research (being products of the information age), before you come up with your half-assed opinions. You really, really are a bunch of amateurs. If I sound annoyed its because your arrogance reminds me of the geniuses fresh out of business school that are hired for positions in the business of which I am a partner in. Your all good at sending money down a deep black hole. Great educations but no common sense. I didnt really realize it carries over into your personal lives and the way you buy homes. You are a lot like the guy we have who everyone calls Mr. President. Good at running America into the ground with your reckless behavior.

Thanks for your input OldTimeNY, but have you ever seen a horizontal vagina before? I couldn't have even imagined it without the help of this board.

OldTime NY - not sure I fully understand your post - you proceed to hurl a lot of criticism around but offer no opinion on why you think we all are so wrong. If you are going to post - add some value. Whats your market forecast?? You are a "partner" afterall - certainly you must have some opinions on these sorts of things. Or maybe that would be wasting too much of your valuable time? But then again you certainly spent a good deal of time on your critique of those posting on this board. Your negative and pointless post only convinced me of one thing - Age DOES NOT equal wisdom.

Or perhaps OldTimeNY is one of familiar friends under yet another alias?

Although I am young, I don't believe that we should look at historical prices with such a trusting belief. It is absolutely true that the real estate market has become flushed with speculation and the situation is painfully similar to the stock market of the 1990s to our current bear market. But, we also need to take into consideration that with current state of things housing princes will most likely bear down and return to the basics of receivable rents, building value and land value. Slowly speculation will become a "lesser" part of the equation but in New York City it will always be an integral part. Thus, I don't think that your rant upon the coming generations is a fair judgment on our character and ability.

But, I must definitely concede to your point that the young upcoming professionals of any generation are usually far to cocky and inexperienced which includes myself. Education is a vital tool in order to bring a person into a professional market but it is by no means a badge that tells you that you are an "actually professional." At best we are simply apprentices or future professionals.

also I plan on purchasing a condo next year. Although, I know I should probably wait out the market a bit longer to get the best price. I have responsibilities to my wife and mother whom, I need to make sure are properly taken cared of.

LIC and Brooklyn within half an hour range from midtown is a killer nowdays =x... what can ya do? sucks to work in manhattan but thats where the money is when you don't own your own business..

Current bear market?

WTF?