Thursday, April 3, 2014

*Sputter* WHAT?

Manhattan home prices soar to median $972,000
While home prices in other parts of the country are still 20% below their housing boom peak, demand for large, luxury apartments has helped home prices in Manhattan almost fully recover from the housing bust.

During the first quarter, the median sales price for a condo or co-op in Manhattan rose 18.5% year-over-year to $972,000, according to Douglas Elliman.
Very close to a million dollars for a 900 square foot home? Are you smoking crack? Now, remind me again of the overwhelming political affiliation in New York? And the GOP is the part of the rich? Ha. Right. Pull the other one, it's got bells on it.

I cannot comprehend of the mindset that would pay nearly a million dollars for what is basically a glorified trailer. We had a dinky little two bedroom apartment before we built the house in MA that was 650 square feet. One bedroom was 10X10, the other was 12X14. There was a tiny kitchen, a modest living area, and a small bathroom in that space. You mean to tell me that another 250 square feet - one medium bedroom and possibly a dining area - sells for a million damn dollars? Y'all are crazy.

All the atmosphere in the world can't make up that kind of price, sorry...

That is all.


Old NFO said...

Yeah, but think of all the 'ambience' you get... And you can have ALL that s**t...

Dave H said...

Location, location, location.

I guess some people like sharing three walls, a floor, and a ceiling with their neighbors, but not me.

Ted said...

And of course that price does NOT INCLUDE Condo fess, taxes, doorman / Super Tips, parking (assuming you even own a car).

....... Or the costs associated with your Weekend house

George said...

Oh, and keep in mind that most of these are co-ops. You don't own your space, you own shares in a corporation that owns your space.

Roy said...

Yeah, it's the location.

There are enough people who love Manhattan and that kind of life (and command the salary to pay for it) that makes it all possible.

There is not enough money in the treasury to get me to relocate there. (Visit, yes. Relocate, no way!)