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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (1702)2/20/2002 11:04:04 AM
From: GraceZRead Replies (1) | Respond to of 306849
 
Now you beat up Joan for using median numbers without comparing similar situations. I never said a high percentage of the working class makes those kinds of salaries, just that people working in similar jobs can make the same amount as the people in NYC with the same job description and the salary goes a lot further here. This is true in my biz as well, photography. As a lab owner I've hired quite a few printers who worked in NY and the pay rate is the same in both places, try to live on 25-30k in NYC. My photographer's day rates are the same ($1000-6000/day) and their overhead expenses are quite a bit lower. The ad agencies and design firms that I've worked with in NY (and I've worked with quite a few) are always surprised that my prices are the same as they are in NY even while the quality is just as high if not higher.

It is simple common sense that if you do a job that pays 50k you are going to have a much higher lifestyle in a less expensive city. For most of the people I know in NY they wouldn't trade it because they are convinced that at some point if they work hard enough and are lucky enough they will get what they want eventually. For most of these people eventually never comes, they find themselves replaced by the next wave of young people moving to NYC who are willing to work like dogs and live in a pit for the promise of "making it" in NYC.

Second of all, there are more mutual funds than listed stocks so don't expect that industry to thrive in the coming 20 years. I am sure T Rowe is closing funds as we speak.

True, but this is occurring across any and all companies that depended on the rising stock market to survive. The effects in NYC will be felt as well and effect far more people. I expect an enormous amount of consolidation in those businesses and they had already consolidated in the last two years.

Paradise is Aruba. Paradise is Key West. Paradise is Fiji.

Nothing more boring than living in a perpetual resort. I've been to Aruba and Key West and I can honestly say I didn't think either was "paradise" even when coming from the gray overcast East Coast winter. Paradise to me is a place I can live without spending an hour on a bumper to bumper freeway or in a crowded stinky subway getting to work. Paradise is a forty mile long rail trail that runs along a trout stream a half a mile from my house. Paradise is having enough property and privacy so that I can walk out of my house naked and swim in my pool without being arrested. Paradise is having deer, foxes, herons, owls and hawks for neighbors while still having a high speed Internet line so you can work with your partner 3000 miles away in the market every day. Paradise is having a 3000 square foot studio downtown 30 minutes away that costs you $500/month, in a city with a world class theater,opera, art museum and symphony as well as an Ivy League college. Paradise is being two hours and 37 civilized minutes away by train from NYC when I want more than this little town can offer and friends who put themselves through the hell of living there so I always have a place to stay when I visit. -g-



To: SouthFloridaGuy who wrote (1702)2/20/2002 12:23:47 PM
From: assetlogicRespond to of 306849
 
Paradise is in California - just outside Chico. But you are a central valley boy so you already knew that.



To: SouthFloridaGuy who wrote (1702)3/3/2002 12:43:32 AM
From: SpongeBrainRead Replies (2) | Respond to of 306849
 
Anyplace is paradise when your on vacation.

> Paradise is Aruba. Paradise is Key West. Paradise is Fiji. Paradise is neither New York City nor Baltimore, I can assure you of that.

I love the "greener grass" hype of how beautiful these exotic places are. Wake up, it's not the place, it's the fact that youre on VACATION and spending recklessly for that one week a year.. Being on vacation in Detroit is better than being a toll taker in Fiji. I'm sure lawyers from Hawii come to NYC for vacation. Sleep late, eat in, take a bath, read a book, etc....Paradise away from home and work....

"A bad day of golf is better than a good day at the office"