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Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

Sunday, February 17, 2013

"And down the street is a retro-chic bakery, where... the windows are decorated with bird silhouettes — the universal symbol for 'hipsters welcome.'"

From the second paragraph of a NYT style article titled "Creating Hipsturbia" about NY suburb such as Hastings-on-Hudson. That bird business called to mind this segment from the TV show "Portlandia":



Anyway, the article is interesting and amusingly written, even if you don't worry about how suburbs can adapt to the tastes of "the type of alt-culture-allegiant urbanites who once considered themselves too cool to ever leave the city."

"Hipsturbia" is a good portmanteau word (if "good" includes making people who are trying to feel good about something feel bad).
To ward off the nagging sense that a move to the suburbs is tantamount to becoming like one’s parents, this urban-zen generation is seeking out palatable alternatives... and importing the trappings of a twee lifestyle like bearded mixologists, locavore restaurants and antler-laden boutiques.
How are they supposed to ward off nagging senses with the NYT dogging them like this? Don't these people know they are never ever ever supposed to leave the city — not for fresh air, not for adequate housing at a remotely decent price, not for good enough public schools, not for anything? If you leave you will be punished. You may try to get something that reminds you of the Real Life that can only be had in Brooklyn, but you will be pleasuring yourself with antlers.

Saturday, February 16, 2013

"With Gov. Scott Walker hinting that he may move to end the city's longtime residency rule for public employees..."

"... Mayor Tom Barrett went on the offensive Friday, saying he's certain property values would drop if the requirement goes away."
"People in [the southwest and northwest sides] of the city are concerned about their property values," Barrett said. "They should remember when their property values go down that it was Governor Walker who did that to them if he proposes this. I'm still hoping he doesn't propose this."
Isn't that the wrong reason for requiring residency? You want to use people — deny them free choice — in order to bolster the real estate market? I can see not wanting the city to hollow out as people escape to the suburbs. You don't want Milwaukee to turn into Detroit, but what about the real people who work for the city? If they want to live too far out in the suburbs, their only option is to give up their jobs?

Note the big effect on who teaches the schoolchildren of Milwaukee. And then one of the reasons you might not want to live in Milwaukee is that you don't think the schools are good enough. A vicious circle there, no?

From the comments at the link:
I am considering moving out of Milwaukee. I own a $200,000 house and my taxes are almost as much as my mortgage. How can you even consider making someone pay almost $7K year for a $200k house and I can't even send my kids to the public schools. Don't even get me started on crime.... clean up the city and you won't have to hold employees hostage!
On the other side, also from the comments:
If you draw a city paycheck, the city has every right to require you to contribute to the local tax base by living there. If that's simply too much to bear, there are other places to work. No one is forcing anyone to work for the city of Milwaukee.

Monday, February 11, 2013

Grammys.

I have no interest in this topic. I mean I was slightly interested in this photo of Ellen DeGeneres aiming her nose at the "keyhole" opening of Katy Perry's dress and in the fact that Lena Dunham has a boyfriend and he's in a band that had the "Song of the Year." And I'm interested in speculating about whether it was because of the Grammys that they ran such an atrocious episode of "Girls" last night. (The last few episodes of the show had been great, but this one descended into real estate porn: The girl gets a boyfriend seemingly for the purpose of letting us see all the rooms in his expensive house. Oh, that wasn't all there was. There was Lena Dunham — in one of said rooms and in nothing but her panties — playing ping pong. That carried forward the show's theme of really awkward nakedness. That's why I had to correct myself after I said "I might as well be watching HGTV.")

Sunday, February 3, 2013

"Juan Antonio Santacruz says he has sold quite a few tacos to Sotomayor, who frequents his Mexican restaurant, Tacos El Chilango."

"Chix and the Greek Spot are two other neighborhood restaurants Sotomayor has patronized.... Sotomayor sometimes stops by the Greek Spot after work to order the gyro platter, the owner says...."

A WaPo slideshow answering the question how Justice Sonia Sotomayor — who lived in the West Village when she was a federal judge in NYC — is adapting to the "distinctive rhythms" of the neighborhood where she lives in Washington. ("Distinctive rhythms" — is that politically correct? ) Here's the related article:
“U Street is the East Village,” said Sotomayor, who keeps a place in Manhattan’s West Village. “The East Village has been developing in the last 10 or 15 years, and I’ve often said if I was going to buy an apartment now, it probably would be in the East Village. So what did I do? I came to Washington and established a home in the East Village.”

Sunday, January 20, 2013

"More than 280,000 units — nearly half of Manhattan’s apartment stock — is rent-regulated in some fashion."

"These apartments are either godsends to those who occupy them, or daggers that twist in the hearts of everyone else, left to pay market rate or compete for the borough’s remaining vacancies — 2.8 percent of the housing stock, as measured in 2011."

From an article about what counts as "middle class" in Manhattan. It's not so much an amount of money you need to make as it is when you got into the real estate market.

Saturday, January 12, 2013

"Study says homeless facilities may increase the value of nearby property."

May... meaning it probably increases the value of the property over there where we'd like to site the facility but not over here where I live.
The study, released in 2008, compared home sale prices before and after the development of Project H.O.M.E. housing facilities and controlled for many other factors that could affect home values, said [Kevin] Gillen, an economist and senior research consultant at the Fels Institute of Government at the University of Pennsylvania....

"These properties were overwhelmingly in distressed neighborhoods. If you were to do the same thing in affluent neighborhoods, it may not bring the same result. But given the choice living next door to a well-maintained homeless facility and a vacant abandoned building, you’ll take the homeless facility," he said.

Tuesday, January 8, 2013

"Finding Little Evidence Of Foreclosure Fraud..."

"... Feds Give Up."
Has there been a single case in the past five years of a homeowner who was current on his mortgage being foreclosed through fraud?

Monday, December 24, 2012

"The Ultimate Amenity: Grandparents."

A NYT article about highly affluent couples who are spending their copious money to purchase housing for their own parents, so that their immensely privileged children will have the ultimate amenity: grandparents in their daily life.

Published the very next day in the NYT is an article — charting at #1 on the NYT most-emailed list — "For Poor, Leap to College Often Ends in a Hard Fall." ("Melissa, an eighth-grade valedictorian, seethed over her mother’s boyfriends and drinking, and Bianca’s bubbly innocence hid the trauma of her father’s death.") Proposed alternate title: The Ultimate Privation: No parents.

Wednesday, December 12, 2012

5 hours of political television not live-blogged last night.

The Madison Common Council debated and voted on a plan to light the Southwest Bike Path... which is actually called the Southwest Commuter Path, which should tip you off about which side won. The path will be lit. The faction that conceives of a grand plan for upping the percentage of commuters who travel by bike beat the property owners whose land abuts the path that was once a rail line.

The property owners did a fine job of marshaling arguments that would appeal to those who don't live right there. Maybe environmentalists will take their side if they call it "Owlpath" and stress nocturnal wildlife. Experts can explain how pools of light along a dark path make it harder to see and but easier to be seen. There you are lit up as if on stage to be sized up by the robber or rapist hiding in a dark spot.

Over the hours, many citizens spoke, and one phrase jumped out: "commuter corridor." You may think it's your backyard, but it's a commuter corridor. It's not a place to be but a place to move through, and there are so many more people moving through than staying in place. Of course, many more people drive to work, but even those who do are entranced by the fantasy of all those other people biking. Biking year round, despite the cold. It's during the cold times when the lights are most needed. Who knows why winter stops commuters from biking? Maybe it's the darkness.

And there should be gender equity. Why so many more men than women biking in the dark? If there were lights, people would feel safe, and feeling safe is so especially important to women. And making women feel safe is the central function of government, is it not? Making women feel safe coincided with spending tax money to buy a new amenity that will be noticed and will speak continually — to all who pass through the corridor — saying: Government has improved life for everyone. Experts and owls notwithstanding — those property owners are going to lose.

Thursday, November 29, 2012

2 views on taking away the mortgage interest deduction.

From a WaPo article on the supposedly real possibility that $100-billion-a-year item with make it into the fiscal cliff deal.

1. Edward Kleinbard, USC tax lawprof:
“We simply cannot afford wasteful government subsidy programs anymore, and this is one of the most important examples of that... It’s very much a subsidy to those Americans who need it least.”
2. Mark Zandi, Moody's economist:
“It’s a very visceral thing for people.... People account for it when they think about how much house they could afford to buy. You take that away, and house prices are going to weaken. They are going to decline.”

Monday, November 12, 2012

What TV show does Hillary Clinton love?

"Love It or List It"...
... in which a couple who are unhappy with their current residence gets to look at new houses while a decorator rehabs their old place. The plot arc is always the same, and in a way, it’s sort of Clintonesque. The redecorators find termites or a leaky furnace; the house search goes awry. Everybody’s upset! But after a lot of hard work and the final commercial, there’s a happy ending.

Tuesday, July 31, 2012

What standard of living should others feel moved to lift you up to? Question 1: What's your "social context"?

We saw in that NYT article about the "FUCK! I'm in my twenties" girl Emma Koenig that her mother had to do some analysis before deciding to help pay for her $1,200-a-month East Village apartment. The key line was: "It made me see that Emma’s social context was such that our helping with her rent was legitimate..."

It made me think about the refugees of Hurricane Katrina, housed in the Houston Astrodome, about whom presidential wife and mother Barbara Bush famously said:
"And so many of the people in the arenas here, you know, were underprivileged anyway, so this is working very well for them."
What's your social context? Is that the right question?

Her blog's "title begins with a common vulgar interjection" and her book "goes by the same name as the blog and concludes with the words 'I’m in My Twenties'..."

How the NYT refers to Emma Koenig's "FUCK! I'm in my twenties."

The NYT article fusses (inanely) over "fuck." What do her parents think? Her parents are 61 and 62 — i.e., my age, i.e., big Baby Boomers. Why the fuck should the New York Times think East Coast Baby Boomers struggle with language on the level of "fuck"? The mother is a psychotherapist and the father is "a television and film set dresser." And yet the article is headlined "Wash That Blog Out With Soap," as if the parents were from middle America and a generation or 2 older. I mean, it's been obvious to me for a long time that the NYT is aimed at aging, east coast, middle-class women.

(That's exactly what I am, despite my decades-long exile in Madison, a city which, it must be said, imagines itself as not really part of the Midwest wherein it finds itself.)

Perhaps the Times is craftily stroking me (and my kind) by luring us into the fantasy where we self-flatter: I'm more hip than this woman whose daughter is profiled in the NYT. You experience that  envy — she's pictured there, kissing her adorable daughter — immediately palliated with feelings of bullshit superiority: I'm cool with "fuck"!

If you keep going in the article, you get past the faux "fuck" flap and on to the real sexuality of the inner pages of the New York Times: real estate. Would Koenig's parents finance her post-NYU-arts-school lifestyle in a Manhattan apartment?
[Koenig's mother Bobby] Bass made a spreadsheet of all her daughter’s friends who were in the performing arts. “I wanted to see who was making a living, who was making a living in their art and who was being supported by their parents,” she said. In a graph of 45 young adults, only 3 were getting no help whatsoever, and those 3, Ms. Bass said, were working full time either in a restaurant or baby-sitting, and had limited energy left over to pursue what they had studied.
We're invited to admire the rationality and (apparent) computer use, but I'm marveling at the accomplishment of getting all that information on 45 individuals!
“It made me see that Emma’s social context was such that our helping with her rent was legitimate,” Ms. Bass said. “I didn’t feel like we were indulging her. I felt like it was a necessary fifth year of college where she had to stabilize herself without the structure and positive feedback of school.”
Emma’s social context was such....

May the younger generation read that and learn — learn how to reason with your rational — emotional — Baby Boomer parents.
And Ms. Bass was familiar with the data points surrounding her daughter’s generation, otherwise known as “Generation Screwed,” as a Newsweek headline announced recently. 
Screwed? You mean fucked.

Anyway, over at The Atlantic, Richard Lawson is reviewing the NYT article.
Emma Koenig, 24, has a blog. It's called Fuck! I'm In My Twenties and is full of cutesily hand-drawn musings about the plight of the aimless millennial. This blog is popular enough to have been turned into an Urban Outfitters book and now Koenig is working on a TV pilot. 
An Urban Outfitters book. Are you familiar with that special category of books that are sold next to the comfy clothes and cutesy housewares at UO?
Reaction to the piece has been, let's say, mixed. Because of an implied privilege in Koenig's work (mom and dad are gainfully employed, her brother Ezra is in Vampire Weekend), and an abundance of clever cluelessness, the comments section on the Times profile is littered with people calling her a whiner or a spoiled brat, deeming her frivolous and self-obsessed.

This is a common criticism of a particular set of young creative types who tend to blab on about their own lives....
Lawson — who's not an aging Baby Boomer like me but a guy in his 20s, late 20s — assumes the article is about the daughter, which for him and for others who are at least somewhat young, I'm sure it is.

Thursday, July 12, 2012

The average rent in Manhattan is $3,778, up 9% in a year.

And for a studio, it's $2,569 — up 18.8% in the past year.
Real-estate agent Josh Lichy, 27, appreciated the rental crunch first-hand when he and his girlfriend were hit with a $300 increase, from $3,000 to $3,300 for their 750-square-foot, one-bedroom apartment at 160 Riverside Drive. “It’s too much. We want to have money to spend so we’re not rent-poor,” he said.
Rent-poor. That's derived from house poor, but quite different. If you're house poor, you're building wealth in the form of equity (unless prices fall). But a rented apartment isn't a repository of money set aside for the future. It's as gone as if you'd blown it on a European vacation.

As for small apartments in NYC, we've been talking about Mayor Bloomberg's competition for designing tiny apartments called "micro-units." Well, here's a NYT article about furnishing your micro-unit. It's bizarrely — mockingly — unhelpful, suggesting a chewable toothbrush, a very small dog, and growing plants on your wall in some doodad that hangs over the fireplace. Hello? Get a normal toothbrush. Don't keep any pets. And you won't even have a fireplace. But I love the idea — in the photo at the NYT link — of putting your handgun right there next to your objets on one of the étagères that flank the fireplace that you won't have in your micro-unit.

But if you have a micro-unit, you may want to compensate by getting a gun.

Tuesday, July 10, 2012

Mayor Bloomberg, stimulating the development of micro-units.

For single folk, in New York City. Here's a useful graphic:

 

I love the picture of the diminutive mayor, standing in a life-size floor plan of the imagined apartment, alongside the Commissioner of City Planning, Amanda Burden, who has this ineffable we-know-what's-good-for-the-little-people look on her face.

Who is Amanda Burden?
Born Amanda Jay Mortimer, she is the daughter of socialite Babe Paley (1915–1978) and her first husband, Stanley Grafton Mortimer, Jr. (1913–1999), an heir to the Standard Oil fortune. She is a descendant of the first chief justice of the U.S. Supreme Court, John Jay, and a granddaughter of Dr. Harvey Cushing, the "Father of American Neurosurgery" and Pulitzer Prize winning author.... In 1947, her mother married William S. Paley, the son of a successful immigrant entrepreneur who built a family acquisition into CBS. Her stepmother, Kathleen Mortimer (born 1917), was a daughter of railroad heir and United States ambassador Averell Harriman.
Wow. So...  that's how you get a look like that for your face as you let people know about how micro a living space can properly be. I thought she looked really elite, but I was still floored by that bio.

Who should be doing a city's planning, I wonder?

Drudge goes black-and-white with Rahm, Brad Pitt, Uncle Sam, and Obama.

Look. Only Pitt and Rahm are photographs. Obama — like Uncle Sam — is done with artwork. Pretty bad artwork. It looks like a bad drawing, and I'm guessing it was done by computer-processing of a photo. It's funny the way the photographiness of a photo shows through when a drawing is made. Something more timeless and grand is found when the artist draws from life. Of course, there's the usual risk that it won't look like the person. But that's why you need a good artist. Or stick with a regular photo-photo.

Unless you're looking for an odd effect. Perhaps Drudge is trying to say that Obama is drained of life. It might have something to do with the big drained-of-color idea, which does unify the 4 images. There's another processed photo further down on the page: Hugo Chavez. His image has been subjected to posterization — where all shades of gray have been eliminated.

Ah! I said it: shades of grey. Is Drudge hinting that these men have some kind of Christian Grey sadistic power over us? Speaking of photoprocessing, there was this article in the Daily Mail yesterday, imagining Christian Grey as a composite — depicted in shades of gray — of various famous guys, including Brad Pitt (but not Rahm, Uncle Sam, Obama, and Chavez).



Also on the Drudge page, in column 1, under Brad Pitt, is Vladimir Putin. Putin and Pitt are both wearing sunglasses. The Pitt image pushes "Brad Pitt's mom in fear after slamming Obama..." and the Putin image goes to "West is on decline." Chavez is positioned under Uncle Sam, and both of those images include hands — Sam pointing at us (over a warning about taxes and Obama) and Chavez with his hand to his forehead in the position Drudge showed Obama 3 days ago. Obama had his hand like that along with the headline "Barack and Bones: I've Been Eating," and today's Chavez image goes along with an assertion that Chavez is "totally free" of cancer (a likely lie).

The main story, about Rahm ("the Godfather") is about the murder rate spiking in Chicago.  Rahm's picture is centered over Uncle Sam and Hugo Chavez, and Rahm's hand is holding his chin in a manner that implies thinking and judgment especially given the intensity of his eyes, looking off to his right. Uncle Sam's eyes are also intense, staring right at us in that accusatory way. As noted above, Pitt and Putin have their eyes covered with sunglasses — shades (Shades of Grey?!). So what might we say about Obama's eyes? I'd say they look up slightly, conveying vague confusion or dreaminess.

Obama tops the third column, which has no other faces, but 2 other images: of solar flares ("getting stronger") and of NYC ("Bloomberg asks developers to test tiny apartments...").  The Obama image has "$0$" under it, which links to a story about how Romney raised much more money than Obama in June ($106 million, compared to $71 million).

What does it all mean?  The easy explanation is that black-and-white imposes unity over the diverse images, and the similarities and differences are mostly by chance, aided by a bit of conscious design (putting the sunglasses pictures in one column and the hands pictures in another). Black-and-white was a big move by Drudge, but it too is likely meaningless. Just another way to get attention. Maybe he thought going black-and-white with the Rahm picture made him look more like a gangster (even though the "Godfather" movies are in color), and that led to the idea of making the whole page black-and-white, just to get the webfolk thinking, making stuff up.

But the only interesting lead I thought of is "50 Shades of Grey." Maybe Drudge is trying to say that government and crime are whipping us into submission. Government and crime... and solar flares. Wear sunglasses!

Saturday, July 7, 2012

The grossly underenforced zoning law that preserves loft space in SoHo for artists.

The effort to get the law changed involves revealing how many property owners are in violation of the law.
At issue is a 1971 zoning change that allowed artists to legally live in lofts they had converted from industrial space in SoHo. Technically, much of the neighborhood is still zoned to permit manufacturing, and a condition has been placed on the old industrial buildings: Each loft must have at least one artist or successor, and the use of retail spaces must be wholesale without a special permit.
Technically....

Untold numbers of owners have sold lofts to wealthy non-artists, and SoHo has become one of the city's premier commercial retail centers, with boutique shops occupying the area's high-ceilinged, cast-iron buildings....

The owners' committee said it wants to legitimize what has already happened: SoHo's loft spaces are no longer just for artists, and their current residents and owners shouldn't have the uncertainty of being at odds with city zoning law hanging over their heads.

"In all fairness to the 99% of people who are here illegally, now is the time and the problem must be solved," said Ms. Baisley.
What about fairness to all the people who have refrained from doing things that are against the law? You operated in a market that was affected by this law, free of competition from law abiders, and now you want it all legal, which would allow you to profit hugely by selling to all these late-comers to the market. Shouldn't the excess profit be factored out and put into a fund to support artists — the people you pushed out?
"To get rid of [the law] will destroy SoHo," said Mimi Smith, a feminist painter and sculptor, who bought a loft in 1973. "It's a real-estate ploy. They want more money for their lofts."
Does she still own that loft? Or did she cash out early? Anyway, the SoHo of the 1970s was destroyed long ago. Presumably, there are remnants of artiness left, not that you can tell from street-level nowadays.