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This is the country we live in...and I am ashamed of a story like this.

Discussion in 'Anything goes' started by Alma, Jul 11, 2007.

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  1. Clever username

    Clever username Active Member

    Something none of us will ever be able to afford. Be grateful.
     
    Clever username, Jul 11, 2007
    #13
  2. Freelance Hack

    Freelance Hack Active Member

    I just looked at a house earlier today. It had 2,100 square feet on the main level with a finished basement and two-car garage to boot.

    Sale price of the house, which is at least 10 times as big as a parking space, was $179,000.
     
    Freelance Hack, Jul 11, 2007
    #14
  3. Inky_Wretch

    Inky_Wretch Well-Known Member

    Why in blue hell is there a $50 per month maintenance fee for a parking spot? WTF do they spend $50 per month on? The paint for the stripes isn't that expensive.
     
    Inky_Wretch, Jul 11, 2007
    #15
  4. slappy4428

    slappy4428 Active Member

    Only in New York. Seriously.
     
    slappy4428, Jul 11, 2007
    #16
  5. Mystery_Meat

    Mystery_Meat Guest

    Quick Google search shows a spot in Knightsbridge, England going for around $150,000 and one in Tokyo renting for $400/month.
     
    Mystery_Meat, Jul 11, 2007
    #17
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    In all fairness... When I drive home and I have heavy things and more stuff than I can carry, I am screwed. Parking is really tight around here, so I can't just pull right in front of my building and unload. If I try to park, often I will end up having to walk a few blocks, which means carrying more weight than I can handle for several blocks or making 10 trips back and forth to the car That can mean spending an hour unloading and getting the stuff upstairs. It's the kind of annoying shit a lot of people who live in other places don't consider. For example, I like to do my grocery shopping at this large 40,000 square foot supermarket that is unlike any place in NYC. It is in an industrial, but gentrifying area on the Southern tip of Brooklyn in a converted pre-civil war warehouse that had been abandoned right on the water across from the Statue of Liberty. I have to drive there. It has the freshest produce you can get around here and every kind of specialty food you can imagine and great prices for NYC. I save a ton by going there once a week and eat really well. It means driving. When I get back home with bags and bags of heavy groceries, I can't just park the car in the driveway and bring the stuff in. I have to park illegally--and the closest place to do that without blocking traffic is a bit of a walk to my building. Then I have to make several trips back and forth, lugging the groceries. Then I have to get back in the car and park it legally. It's a pain.
     
    The Big Ragu, Jul 11, 2007
    #18
  7. novelist_wannabe

    novelist_wannabe Well-Known Member

    Alma, why are you ashamed?
     
    novelist_wannabe, Jul 12, 2007
    #19
  8. 21

    21 Well-Known Member

    It's an investment that almost certainly will not depreciate. You add the cost to your mortgage, pay it down the same way you pay for your home, with the same benefits and deductions. It's real estate, you buy it as such.

    If they hadn't used the suburban mom with the modelling kids--wink wink, here's a stupid thing for shallow people--this would have been a better story.
     
    21, Jul 12, 2007
    #20
  9. Alma

    Alma Well-Known Member

    Did you read the story?

    "The market" fucks people up. That's my only conclusion at this point. That this is reasonable is merely proof of how unreasonable the system that produces this "reasonable" situation is.

    Hey, the joke's on us. We live in a more interconnected, online world than ever - surely there isn't a company in Manhattan that doesn't have the latest, best, fanciest computer technology - and yet it is necessary to shove a bunch of cars into that area every day. We want to put on our tombstone "I sold my parking space for $225,000" we can now.
     
    Alma, Jul 12, 2007
    #21
  10. tyler durden 71351

    tyler durden 71351 Active Member

    Hell, there was a story in New York magazine a year or so ago what sort of real estate you could buy in the city for $1 mill. My favorite was the condo in Manhattan...that was below ground level. I don't know how the ordinary folks over there make it.
     
    tyler durden 71351, Jul 12, 2007
    #22
  11. JR

    JR Well-Known Member

    It's all relative.

    Houses in Toronto that routinely sold for $500,000 three years ago are now climbing up to the $1,000,000 range. And some of these are "fixer uppers".

    Bungalows in my area are $350-$400k. Two bedroom bungalows!

    Anyway, if you can afford a pied a terre in Manhattan. whats a couple of hundred grand for a parking spot?
     
    JR, Jul 12, 2007
    #23
  12. Simon_Cowbell

    Simon_Cowbell Active Member

    Can NYC handle the increased auto traffic?
     
    Simon_Cowbell, Jul 12, 2007
    #24
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