From the NYT:
Manhattan Apartment Prices Near Million-Dollar Mark, Reports Say
A million dollars doesn’t buy what it used to in Manhattan. A combination of high demand and too few listings pushed the median sales price for a Manhattan apartment to just shy of a million dollars in the third quarter of the year, setting a record high, according to several market reports to be released on Thursday by major real estate brokerage firms.
The median sales price, which reflects the middle of the market and is less affected by high-end sales, was $999,000, according to a report by the Corcoran Group. Reports from other brokerage firms, using different figures and methodologies, put the median price at or just below the million-dollar mark, with most calling it a record.
“It seems like a lot of money anyplace else,” said Dottie Herman, chief executive of Douglas Elliman Real Estate, which calculated a median price of $998,000. In Manhattan, “what you get for a million dollars is not a lot of space,” she said, pointing out that buyers on a budget must turn to New York’s other boroughs or to the suburbs to find better values.
After rising incrementally over the course of last year, inventory has essentially been flat since January, said Jonathan J. Miller, president of the appraisal firm Miller Samuel and the author of the Douglas Elliman report. In the third quarter, Mr. Miller said, there were 5,654 available listings, approximately 20 percent below the 10-year average of 7,047 available listings. “That creates price pressure,” he added.
It also makes for rapid-fire sales. The amount of time that listings spent on the market fell 20 percent to a record low of 73 days in the third quarter, according to the Douglas Elliman report. “You have to be very competitive and you have to be quick,” especially at the lower end of the market, Ms. Herman said. “I tell people, ‘You really have to have your ducks in order financially and know the market yourself.’ ”
Overall, the number of closed sales was up for the quarter, driven by robust closings in new development. While prices remained high across all market segments, the average sales price for the luxury market, defined as the top 10 percent of closed sales, dropped 12 percent in the third quarter, to $6.73 million, compared with $7.68 million during the same period last year, as fewer luxury properties closed, according to the Corcoran report.
More like rubbed in poo.
First, bitchez!
OBAMA GREETED BY HUNDREDS OF PRO-GUN PROTESTERS IN OREGON
Read more at http://mobile.wnd.com/2015/10/obama-greeted-by-hundreds-of-pro-gun-protesters-in-oregon/#qYvv62yvwGS40Vww.99
Hundreds of protesters greeted President Obama’s motorcade in Roseburg, Oregon, Friday as a group called “Defend Roseburg” held signs and waved banners while others silently turned their backs as the motorcade rolled by.
Many protesters in Roseburg said they were not in a mood to welcome a president who so quickly and callously politicized a tragedy. Some came with their guns to make their point. All were peaceful.
“He should stay away,” Gary Shambling, 66, of Winston, whose 1935 Harvester International pickup was parked Friday morning along the side of Aviation Drive, told his local newspaper, the Register-Guard. His truck had a large “No Bama” sign in red letters.
“He made it very plain, 15 minutes after the shooting happened,” Shambling said. “He politicized it. The bodies weren’t even cold.”
Others carried signs supporting their local sheriff, who’d said earlier that he didn’t believe Obama should come to the town after making politicized comments about gun control.
[2] DFENS
I don’t think there is any dispute that mass shootings are happening more. They are a small subset of gun deaths but one that seemingly is increasing. We can agree/disagree on the causes (personally I blame economic factors, violence in popular culture, decline of moral institutions, and mental illness, in that order, and, indirectly, those whose interests exacerbated those direct causes. Not surprisingly, I blame those on the left more than the right for creating these environmental conditions)
It isn’t guns. Guns have always been around. They have always been unlocked. Parents have long given kids access to them. I learned to shoot at age 8. And to my knowledge, laws governing access and prices have largely been unchanged for decades. So it can’t be that suddenly the streets are flooded with hardware.
It’s interesting that there is little dispute about the primary factors. There really isn’t. But no one wants to address those, and those who do are attacked. Which leads to more division and polarization, which not surprisingly hardens the resolve of those who feel guns are a bulwark to tyranny and those who feel that guns threaten their ability to impose their will.
But this “witch hunt” we go through every time a school shooting happens is a total ruse. Elliot Rodger didn’t become a killer because he was a misogynist; he became a misogynist because he was a killer. Just like Eric Harris didn’t become a killer because he loved violent video games; he loved violent video games because he was a killer. Just like Adam Lanza didn’t become a killer because he loved guns; he loved guns because he was a killer.
http://markmanson.net/school-shootings
[2,3] Senseless shootings – I put mental illness at the top of the list as the root factor. I think if anyone under 25 years old is shown to have severe mental illness and kills someone, put the parents in jail and take away all their wealth. They knew about it, did nothing or not enough, and likely hid it from the community.
[1] That was my first thought too.
More like rubbed in poo.
Ex: parents are more likely to be in denial versus malicious……agreed that the liability could/should be theirs, but (in all fairness) it can be difficult for parents to accept reality……
#3 “…economic factors, violence in popular culture, decline of moral institutions, and mental illness…”.
That’s it.
First shot a gun at five years old (Ground Hog/Wood Chuck termination – crop damage).
Back in the 70s-80s NJ farmers would give a us a calf (delivered one once – yup, pulled it out – yuck) for a number of Wood Chuck/Ground Hog tails (that was usually all that was left after nailing the sucker with a rifle – yes, it was legal). Veal, yum.
*Cows would often break a leg stepping into a hole those rodents dug.
I’m a good shot.
A NJ Real Estate Story: Leaving NJ and taking their Frank Lloyd Wright house with them!
http://curbed.com/archives/2015/10/07/frank-lloyd-wright-house-is-rebuilt-anew-piece-by-piece-in-arkansas.php
Looks like they are building an entirely new house and reusing some trim and detail work.
5/7
Agree on some type of accountability. But try to get any health records on adult offspring even college child. Impossible. Ditto for any kind of involuntary treatment absent anything short of the type of event we are discussing.
Frank Lloyd Wright designs: Bland, boring, unimaginative and vastly overrated. I think he went to the same school of design as Tandy and Allen.
Looks like Romney was more accurate than we knew
http://www.cnbc.com/2015/10/09/775-million-households-are-not-paying-federal-income-taxes.html
[11] leftwing
7 is largely unworkable and goes against the norm in jurisprudence. You aren’t responsible for anything your adult children do and often not for your minor children. The latter is more easily addressed civilly but to impose criminal punishment on someone because their offspring goes off doesn’t fly.
It is possible to do a better job tracking mental illness but even that is minefield. You will get huge pushpack from that community and the left, and it will exacerbate a problem of people NOT seeking help because of state intrusion
I do have to acknowledge one truth in the liberal prescription: going after guns is the easiest expedient to deal with non-crime related shootings. It will not curb crime- related shootings IMHO, and lead to a few societal dislocations that will cause some upheaval, and would require a national confiscation to be truly effective.
In truth, there will be no national confiscation. But there will be a massive inverse condemnation that could potentially cost the gov billions or cause a backlash in states, some of which will go the Montana Intrastate route and some will “activate” their militias, both of which would be fought vociferously by the dems
Agree. Throw the de-instituionalism trend of a couple decades ago in there too.
From 13. above
45.3% of US households pay no federal income taxes.
For all the liberals and Beranistas running left wing math, that is 44.3% of the population other than the one percenters……..
*Bernanistas*
“Williams stressed that just because people don’t pay federal income taxes doesn’t mean they don’t contribute in some way. In fact, a majority of them work and therefore are on the hook for payroll taxes. They also pay local sales tax and state taxes.”
18- Also, if you want them to pay more in taxes, then give them opportunities to make more money. Instead, you take away their opportunities to make more money by shipping their jobs and not giving raises, then questioning how come they don’t pay fed taxes.
Guess that goes for the one percenters also, pumps? LOL.
Every drop of dough you try to wring with the pitchforks from the ‘1 percenters’ comes straight from your pocket.
There aren’t enough 1 percenters to support the spending. So when you ‘win’, and spending goes up, it will come from the pockets of the other 54.7%. In other words, you.
Good segment on Koch Bros on CBS Sunday Morning.
“Dems are taking us over the cliff at 100mph, Republicans are taking us over at 70mph”
Guy claims to be classic liberal.
Founded Cato. Got involved in politics during Bush presidency, in opposition. Against government subsidies and upset “Bush spent all that money on pointless wars”.
Villified by both parties because he likes neither.
Gave $25m to the United Negro College Fund. Supports limited incarceration for non-violent offenders.
Like the guy.
16. LW.
What percentage of the 45.3 are senior citizens?
“45.3% of US households pay no federal income taxes.”
21 LW ” Against government subsidies ”
“Koch Industries has consistently opposed and actively lobbied against all forms of corporate welfare, including those we currently benefit from,” read an emailed statement. “With that said, we will not put ourselves and our employees at a competitive disadvantage in the current marketplace.” In other words, the Kochs believe there is nothing hypocritical about employing government subsidies they oppose.
http://www.arktimes.com/ArkansasBlog/archives/2015/10/11/and-speaking-of-oligarchs-how-arkansas-corporate-welfare-make-kochs-richer
I’m fine with that.
Lobby for a change, take the opportunity until it changes.
I personally support a flat(ter) tax, as do many on this board. None of us is foregoing our mortgage and dependent deductions.
Very different than lobbying FOR government welfare one is taking.
22. phoenix
Does it matter? All I keep hearing from our house liberals is how the 1% rape and pillage all these fictional earnings and wealth from everyone else.
To the contrary, we are hitting a point in our country where one half of the population supports the other half.
Think of it like those ‘sister’ city signs one sees driving into some NJ towns. You have a little brother somewhere in the US you are supporting!!
And this is why we rally against inequality. It’s creating this mess you speak about below.
“To the contrary, we are hitting a point in our country where one half of the population supports the other half.”
So give people a whole bunch of money so they can pay taxes?
Anyone have any contacts for Commercial auto insurance?
[26] leftwing.
We are way past that tipping point. In reality, most of the people in this country don’t pay enough federal income tax to cover their proportional share. The true burden of federal income tax burden falls almost exclusively on higher earners and corporations (yes, I said that).
And payroll taxes are a baseline figure, pumpkin. Everybody pays them at the same rate. So in reality, everyone starts from the same place. Same for state income taxes which are very rarely progressive.
I don’t mind reading you postulating on tax policy, pumpkin. Feel free to speak your mind. As long as you don’t mind being wrong all the time.
From my perspective, the surest way to create more inequality is to try to eliminate it.
wasn’t talking about the law…..but that may be difficult for you to distinguish….
Comrade Nom Deplume, from the Hub of the Solar System. says:
October 11, 2015 at 8:54 am
[11] leftwing
7 is largely unworkable and goes against the norm in jurisprudence. You aren’t responsible for anything your adult children do and often not for your minor children. The latter is more easily addressed civilly but to impose criminal punishment on someone because their offspring goes off doesn’t fly.
It is possible to do a better job tracking mental illness but even that is minefield. You will get huge pushpack from that community and the left, and it will exacerbate a problem of people NOT seeking help because of state intrusion
chicagofinance says:
October 10, 2015 at 4:04 pm
Ex: parents are more likely to be in denial versus malicious……agreed that the liability could/should be theirs, but (in all fairness) it can be difficult for parents to accept reality……
Gourd [26];
And this is why we rally against inequality. It’s creating this mess you speak about below.
“To the contrary, we are hitting a point in our country where one half of the population supports the other half.”
The funniest thing about that statement is how ignorant you are of its intractable self-contradiction. You claim that income inequality creates the “mess” (your word) of “one half the population support[ing] the other half”. Your solution invariably involves confiscating more wealth from those in the half that’s already paying and giving it to those who are not. What exactly are you proposing but more “mess”?
Gourd [26];
And this is why we rally against inequality. It’s creating this mess you speak about below.
“To the contrary, we are hitting a point in our country where one half of the population supports the other half.”
The funniest thing about that statement is how ignorant you are of its intractable self-contradiction. You claim that income inequality creates the “mess” (your word) of “one half the population support[ing] the other half”. Your solution invariably involves confisc@ting more wealth from those in the half that’s already paying and giving it to those who are not. What exactly are you proposing but more “mess”?
The only bad thing about today’s Patriots performance is that they did the Gints a solid.
#29 Tinpot McCarthy
Federal Revenue
Individual 46%
Payroll 31%
Corporations 13%
You can have your own opinions, you can’t have your own facts.
Exactly how much income (w2) does someone need to pay in order to cover their share ?
29 CMD “In reality, most of the people in this country don’t pay enough federal income tax to cover their proportional share.”
Where exactly does this federal income tax go?
Last year, the three biggest federal budget items were Social Security, health care and defense spending.
So, most people do not pay enough federal tax to pay for their Social Security and Medicare. At least now we know who the deadbeats are…. Looks like the 1% are supporting the elderly…..
http://www.nbcnews.com/id/18098378/ns/business-answer_desk/t/where-do-my-income-tax-dollars-go/
” On an annual salary of $52,000, that works out to $11,408.80 a year. The biggest chunk of that ($124.20 per thousand) went to pay for Medicare, which provides health coverage for people over 65.”
Thanks for one’s marvelous posting! I genuinely enjoyed reading it, you may be a great author.I will be sure to bookmark your blog and may come back in the future. I want to encourage that you continue your great job, have a nice weekend!
Hello my friend! I wish to say that this post is awesome, nice written and include almost all significant infos. I would like to see more posts like this.
Let me know if you’re looking for a article writer for your blog. You have some really good posts and I believe I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some articles for your blog in exchange for a link back to mine. Please shoot me an email if interested. Thanks!