Real Estate Math

stevestevestevehx,
RE sales are all about perception, not about reality.
Life is about perception. Reality is some loose approximation of those perceptions.
You, my friend, are too focused on intellectual data and analysis.
Throw caution to the wind and SEE the emporia's new cloths!

Beautiful, aren't they?
King's got a tiny penis.

When Riversider buys those $2 bills for $10 that I noted on another thread, and sells them for $11 apiece, that will be a 50% return on investment, because he made $1 on what he should have only paid $2 for.

Right?

A sub zero refrigerator has the power to change common mathematical formulas. Fitting a whole pizza box in the fridge is a thing of beauty and would explain about 60% of the impact you speak of.

Correct. It doesn't matter what the underlying piece of paper says it's worth. What counts is what the next sucker.. er.. investor is willing to pay for it. So in this case 11-10 = 1, he made a buck! NYC real estate works in much the same way.

False question for the purpose of looking smart. Who claims that recpouping 80% of an investment is an 80% return? And I'm fairly certain the tax code treats this scenario as a 20% loss.

one word...leverage.

also per tax rules...renovating for 50K increases your basis and should accordingly reduce your tax burden (assuming its your principal and your gain on sale is more than 250 indivd./500 couple)

I can fit a whole pizza box into my fridge, and its a GE.

My mother had an icebox growing up. Wonder what that would have fetched.

RS, you've never watched, "Bang For Your Buck" or similar shows on HGTV. Their exact words are, "For an 80% return on your investment."

Without checking I'm guessing that HGTV is owned by a bunch of real estate brokers.

Uhm, Home and Garden Television, owned, uhm, by the owners of Home & Garden Magazine, Scripps, I believe.

Give them a break. On of Of, close enough.

Don't hate the sub zero, hate what it represents. I read somewhere that people who own sub zero's are twice as likely to be 50% Democrat.

And people who are half as likely to be 200% Democrat ... what fridges do they own?

the installation of a subzero insures that the property will only sell at above 2007 peak prices, and will never be subject to maintenance increases

"twice as likely to be 50% Democrat."

And what would their other 50% be?

I don't hate SubZero - my sister has one. It keeps stuff just as cold as my GE, but for a lot more money.

you get to use the kitchen. you cant use that stock you purchased.

But every time you use the kitchen is subject to depreciation from wear and tear. Buy a share of Disney stock and get the certificate and enjoy the Disney characters on the paper.

steve is arguing with himself again. He is making a statement that no one makes and then arguing against it.

60% of the time, works every time.

- Anchorman

no he isn't---he's imploring the likes of you to help him understand the complex real estate math you espouse--and apply to the hot LICK market

you should be flattered

WB, you miss the point: The whole reason why LICCdope bought in LIC anyway was so that he could travel in an armor-plated car to water taxi beach, and stare melancholically at the place where he REALLY wants to live.

You see, in my dumpy rental on 52nd Street, though I have a fantastic view north from my wall-studded windows and one balcony, the other balcony having a view of the Hudson River and the Thanksgiving Day parade, I do not have the same panoramic view as I would have crying from Water Taxi Beach.