So, I was sad to leave New York yesterday because I know I won't be spending as much time there in 2013 as I did in 2011 and 2012. I lost the battle to make NYC "home" for a number of reasons, but the real estate prices certainly did not help my case. I ran the numbers on endless properties that might have worked for us in various neighborhoods - without children and with high disposable income,... [more]
So, I was sad to leave New York yesterday because I know I won't be spending as much time there in 2013 as I did in 2011 and 2012. I lost the battle to make NYC "home" for a number of reasons, but the real estate prices certainly did not help my case. I ran the numbers on endless properties that might have worked for us in various neighborhoods - without children and with high disposable income, we had endless possibilities. However, as many of you had been telling me since I started my search, simple preservation of capital alone would be hard to achieve, and loss of capital would be likely given our anticipated 5 year hold period. So, we will continue renting in 2013. With my NYC real estate research concluded, my time on SE will surely decrease (I know, CC will be very sad), but I could not leave cold turkey, so I pulled up my SE bookmark just a moment ago, only to have an unfamiliar Streeteasy screen welcome me to Streeteasy's new DC site! So exciting! Thank you Streeteasy!!
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Response by truthskr10
almost 13 years ago
Posts: 4088
Member since: Jul 2009
Shouldn't do that NYCNovice.
Track record of SE'ers giving formal goodbyes is not a good one.
THey've all returned. :)
It's not quite facebook and it's not some finance forum, something inbetween that gets under your skin.
I hope it will be for you because I enjoy your participation and intelligent dialogue.
In case you buck the trend, happy trails and best of luck.
And if not, you'll endure the foot in mouth from your "fans" and continue your respected contributions..
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Response by NYCNovice
almost 13 years ago
Posts: 1006
Member since: Jan 2012
Thanks truthskr, and I definitely need to clarify: Not likely to be on SE as much, but surely likely to continue lurking and chiming in from time to time. I have become freakishly addicted to you all; never had any interest in FB, don't do twitter or any of the other ones, but SE has me hooked, as evidenced by the fact that I am now officially out of the NYC real estate market, yet here I am at the water cooler. I love all the personalities, even those that don't love me. :-)
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Response by caonima
almost 13 years ago
Posts: 815
Member since: Apr 2010
Does any one know For condo purchase mortgage, is PenFed better or Wells Fargo better in terms of closing costs?
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Response by caonima
almost 13 years ago
Posts: 815
Member since: Apr 2010
Does any one know For condo purchase mortgage, is PenFed better or Wells Fargo better in terms of closing costs?
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Response by Brooks2
almost 13 years ago
Posts: 2970
Member since: Aug 2011
Say it ain't so......
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Response by NYCNovice
almost 13 years ago
Posts: 1006
Member since: Jan 2012
Brooks - Yes, as you were saying all along, even with the low ppsf in Midtown East I couldn't make a persuasive case. So frustrating. The nail in the coffin was the tax increases, which I think says something interesting. I absolutely love real estate and put a huge premium on controlling my living space: painting my walls pistachio, putting in the precise bathroom fixtures I like, etc. We remained on the fence about NYC real estate purchase until post fiscal cliff deal projections came through from our accountant. The decrease in cash flow combined with the likely loss of capital due to transaction costs and little-to-no appreciation with a five-year hold period put the contemplated purchase into the "doesn't feel right even to us" category. I argue periodically with my father about trickle down; he says that tax increases will hurt all sorts of industries. I don't know about the macro level, and we are only one data point, but the only sector that is going to suffer adversely from higher taxes on my husband and me is high end real estate.
Grass Mud Horse: No idea as between PenFed or WFB for condo purchase mtge.
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Response by Brooks2
almost 13 years ago
Posts: 2970
Member since: Aug 2011
Yes, smart move. Obama will not help Manhattan RE. Best of luck!
I like ready your posts so get em up.
Best
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Response by Brooks2
almost 13 years ago
Posts: 2970
Member since: Aug 2011
BTW, the "Economist" is my favorite periodical too. I look forward to mail in Friday evenings.
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Response by Truth
almost 13 years ago
Posts: 5641
Member since: Dec 2009
truthskr: lol!
At least she didn't start a "Farewell" discussion.
"I love you,
you love me
we both bruise so easily
so easily,
to let it show
I love you
and that's all I know..."
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Response by ph41
almost 13 years ago
Posts: 3390
Member since: Feb 2008
troll
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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010
>troll
Wow, and Jason the Retard showed up today, and Crazy Riccardo last night.
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Response by Truth
almost 13 years ago
Posts: 5641
Member since: Dec 2009
huntersburg: Where is jason on this discussion thread?
During the 6 minutes while I went to the ladies room, the phsnob came on here, posting her comment:
"troll".
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Response by aboutready
almost 13 years ago
Posts: 16354
Member since: Oct 2007
What were you doing in the "ladies" room? I'm sure you don't belong there.
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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010
I'm not really concerned about restrooms.
I am concerned about my tax dollars going to a program that doesn't ultimately benefit those who actually need.
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Response by Truth
almost 13 years ago
Posts: 5641
Member since: Dec 2009
Oh my, she's really angry at me. She "despises" me.
She, being such a lady.
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Response by aboutready
almost 13 years ago
Posts: 16354
Member since: Oct 2007
You're no lady. But I'm not angry at you. I'm angry at SE. You're just a very sad, sad case.
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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010
>You're no lady. But I'm not angry at you. I'm angry at SE.
Do you want money from them?
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Response by Truth
almost 13 years ago
Posts: 5641
Member since: Dec 2009
How sad for SE.
streeteasy will have to find a way to deal with your anger at them.
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Response by aboutready
almost 13 years ago
Posts: 16354
Member since: Oct 2007
HB, your tax dollars were going to Tischman under the j-51 program, which they didn't deserve because they were illegally destabilizing apartments. Get it? Tischman received huge amounts of tax benefits at taxpayers expense. But I guess that doesn't disturb your overwhelmingly rigid sense of morality?
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Response by aboutready
almost 13 years ago
Posts: 16354
Member since: Oct 2007
Truth, again, take those meds.
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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010
>HB, your tax dollars were going to Tischman under the j-51 program, which they didn't deserve because they were illegally destabilizing apartments. Get it? Tischman received huge amounts of tax benefits at taxpayers expense. But I guess that doesn't disturb your overwhelmingly rigid sense of morality?
Despite the fact that the vast majority of the money doesn't even come from Tishman, I don't object to Tishman paying. I'm saying that YOU don't deserve it. YOU should donate it.
What am I missing? Is your husband a partner in one of the firms that is serving as plaintiff attorney?
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Response by aboutready
almost 13 years ago
Posts: 16354
Member since: Oct 2007
What you are missing is any basic understanding of the law. No surprise there. It's been fairly constant in your discussions. The various courts disagree with you. And I frankly don't give a rat's ass what you think or your attempts at making a moral issue out of one that's based in the results of a law suit. We are happy to pay the increase in taxes, how about you and your libertarian friends?
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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010
>We are happy to pay the increase in taxes,
And as a result, you are decreasing charity?
You are taking money intended for the poor and working class because of some phantom harm that you encounted in the apartmeht that you happily lived in for 8 years?
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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010
You didn't answer about your husband though. Is he or his firm involved in this lawsuit?
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Response by aboutready
almost 13 years ago
Posts: 16354
Member since: Oct 2007
Why don't you just read the decision if you're too dense to understand the damages involved? And I have no interest or need in answering your childish and inflammatory questions, but if you were to pause and consider you'd realize that a a member of the class of course my husband is involved. Sigh.
Enough. You have a need to distort this. I, frankly, don't care what you or anyone else thinks. Some people should just choke on their own bile.
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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010
>but if you were to pause and consider you'd realize that a a member of the class of course my husband is involved.
Nice try. The question was, "Is your husband a partner in one of the firms that is serving as plaintiff attorney?"
It remains unanswered. Not sure why a definitive 'no' isn't forthcoming if that would be a correct answer.
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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010
I continue to find this all disappointing.
Money is going from one undeserved party (Tishman) to another (aboutready) and bypassing the poor and working class.
This is after the taxpayers of the State of New York offered tax breaks to fund this program.
'/%3e%3c/g%3e%3c/svg%3e)
Shouldn't do that NYCNovice.
Track record of SE'ers giving formal goodbyes is not a good one.
THey've all returned. :)
It's not quite facebook and it's not some finance forum, something inbetween that gets under your skin.
I hope it will be for you because I enjoy your participation and intelligent dialogue.
In case you buck the trend, happy trails and best of luck.
And if not, you'll endure the foot in mouth from your "fans" and continue your respected contributions..
Thanks truthskr, and I definitely need to clarify: Not likely to be on SE as much, but surely likely to continue lurking and chiming in from time to time. I have become freakishly addicted to you all; never had any interest in FB, don't do twitter or any of the other ones, but SE has me hooked, as evidenced by the fact that I am now officially out of the NYC real estate market, yet here I am at the water cooler. I love all the personalities, even those that don't love me. :-)
Does any one know For condo purchase mortgage, is PenFed better or Wells Fargo better in terms of closing costs?
Does any one know For condo purchase mortgage, is PenFed better or Wells Fargo better in terms of closing costs?
Say it ain't so......
Brooks - Yes, as you were saying all along, even with the low ppsf in Midtown East I couldn't make a persuasive case. So frustrating. The nail in the coffin was the tax increases, which I think says something interesting. I absolutely love real estate and put a huge premium on controlling my living space: painting my walls pistachio, putting in the precise bathroom fixtures I like, etc. We remained on the fence about NYC real estate purchase until post fiscal cliff deal projections came through from our accountant. The decrease in cash flow combined with the likely loss of capital due to transaction costs and little-to-no appreciation with a five-year hold period put the contemplated purchase into the "doesn't feel right even to us" category. I argue periodically with my father about trickle down; he says that tax increases will hurt all sorts of industries. I don't know about the macro level, and we are only one data point, but the only sector that is going to suffer adversely from higher taxes on my husband and me is high end real estate.
Grass Mud Horse: No idea as between PenFed or WFB for condo purchase mtge.
Yes, smart move. Obama will not help Manhattan RE. Best of luck!
I like ready your posts so get em up.
Best
BTW, the "Economist" is my favorite periodical too. I look forward to mail in Friday evenings.
truthskr: lol!
At least she didn't start a "Farewell" discussion.
"I love you,
you love me
we both bruise so easily
so easily,
to let it show
I love you
and that's all I know..."
troll
>troll
Wow, and Jason the Retard showed up today, and Crazy Riccardo last night.
huntersburg: Where is jason on this discussion thread?
During the 6 minutes while I went to the ladies room, the phsnob came on here, posting her comment:
"troll".
What were you doing in the "ladies" room? I'm sure you don't belong there.
I'm not really concerned about restrooms.
I am concerned about my tax dollars going to a program that doesn't ultimately benefit those who actually need.
Oh my, she's really angry at me. She "despises" me.
She, being such a lady.
You're no lady. But I'm not angry at you. I'm angry at SE. You're just a very sad, sad case.
>You're no lady. But I'm not angry at you. I'm angry at SE.
Do you want money from them?
How sad for SE.
streeteasy will have to find a way to deal with your anger at them.
HB, your tax dollars were going to Tischman under the j-51 program, which they didn't deserve because they were illegally destabilizing apartments. Get it? Tischman received huge amounts of tax benefits at taxpayers expense. But I guess that doesn't disturb your overwhelmingly rigid sense of morality?
Truth, again, take those meds.
>HB, your tax dollars were going to Tischman under the j-51 program, which they didn't deserve because they were illegally destabilizing apartments. Get it? Tischman received huge amounts of tax benefits at taxpayers expense. But I guess that doesn't disturb your overwhelmingly rigid sense of morality?
Despite the fact that the vast majority of the money doesn't even come from Tishman, I don't object to Tishman paying. I'm saying that YOU don't deserve it. YOU should donate it.
What am I missing? Is your husband a partner in one of the firms that is serving as plaintiff attorney?
What you are missing is any basic understanding of the law. No surprise there. It's been fairly constant in your discussions. The various courts disagree with you. And I frankly don't give a rat's ass what you think or your attempts at making a moral issue out of one that's based in the results of a law suit. We are happy to pay the increase in taxes, how about you and your libertarian friends?
>We are happy to pay the increase in taxes,
And as a result, you are decreasing charity?
You are taking money intended for the poor and working class because of some phantom harm that you encounted in the apartmeht that you happily lived in for 8 years?
You didn't answer about your husband though. Is he or his firm involved in this lawsuit?
Why don't you just read the decision if you're too dense to understand the damages involved? And I have no interest or need in answering your childish and inflammatory questions, but if you were to pause and consider you'd realize that a a member of the class of course my husband is involved. Sigh.
Enough. You have a need to distort this. I, frankly, don't care what you or anyone else thinks. Some people should just choke on their own bile.
>but if you were to pause and consider you'd realize that a a member of the class of course my husband is involved.
Nice try. The question was, "Is your husband a partner in one of the firms that is serving as plaintiff attorney?"
It remains unanswered. Not sure why a definitive 'no' isn't forthcoming if that would be a correct answer.
I continue to find this all disappointing.
Money is going from one undeserved party (Tishman) to another (aboutready) and bypassing the poor and working class.
This is after the taxpayers of the State of New York offered tax breaks to fund this program.