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geek tragedy

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8. Those properties in Bed Stuy, the Bronx and Queens

Tue Sep 24, 2013, 09:12 AM

Sep 2013

are all overvalued by up to 10x.

$2 million for a townhouse in Bed Stuy is headline news. The place in the Bronx costing more per square foot than the one in the village? The author is an idiot.

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Six castles that cost less than an apartment in NYC [View all] gollygee Sep 2013 OP

I don't know how anyone lives in NYC liberal N proud Sep 2013 #1

You can rent for $1200 on up ( a little less if you split something) KurtNYC Sep 2013 #10

I realize all the amenities liberal N proud Sep 2013 #40

Share a place, or live in the boroughs Recursion Sep 2013 #11

But it's wonderful there! snooper2 Sep 2013 #15

it is! best city on earth. bettyellen Sep 2013 #18

That's what people who live there have to tell themselves snooper2 Sep 2013 #19

well if you love diversity, opportunity, the arts-and I do- you KNOW there is no place that compares bettyellen Sep 2013 #33

I truly loved going to school there. Lizzie Poppet Sep 2013 #42

Oh, don't get me wrong, I love to visit New York liberal N proud Sep 2013 #41

LMAO at #3. CrispyQ Sep 2013 #2

hysterical. but if one thinks NY real estate is outrageous cali Sep 2013 #3

If the ground beneath the NYC buildings is so valuable, why aren't taller buildings built? JVS Sep 2013 #4

I think they are, generally. Ash_F Sep 2013 #30

It's not the ground. Glassunion Sep 2013 #32

@Post #2: Yeah, because no way that house is on the market for over $3 million frazzled Sep 2013 #5

Still way too expensive IMO, but yep, that's Queens. tridim Sep 2013 #7

Depends where in Jamaica. It varies widely. Houses in the Jamaica estates section of Jamaica stevenleser Sep 2013 #13

Median home price Jamaica Estates $850K frazzled Sep 2013 #21

No question. They picked outliers from each area of NYC. There are some that cost that stevenleser Sep 2013 #24

I felt so sorry for my friend who bought a $1.5 million apartment in NYC. tridim Sep 2013 #6

Those properties in Bed Stuy, the Bronx and Queens geek tragedy Sep 2013 #8

Oh c'mon. Those aren't the prices that those homes sold for. KurtNYC Sep 2013 #9

I do agree that some of the NY listings in that post are fishy Revanchist Sep 2013 #14

Tribcea is more expensive than Fifth Ave these days-huge super luxe apts for Wall Street moguls. bettyellen Sep 2013 #31

They seem to have picked the outliers to make their point. Yes, you can find homes in stevenleser Sep 2013 #16

You can also buy a nice house for $300,000 almost anywhere else Revanchist Sep 2013 #17

Depends what you like. stevenleser Sep 2013 #20

Yeah but $300k is almost the 1% gollygee Sep 2013 #25

1% is about wealth, not income. 1% in wealth in US begins at around $9 million in net worth stevenleser Sep 2013 #29

This is true. I have several friends who relocated and they are making great money. bettyellen Sep 2013 #36

The kidlet pays less than 1K/month for her E. Village 1 bedroom. PotatoChip Sep 2013 #12

Most of those NYC places were taken from Craigslist... TreasonousBastard Sep 2013 #22

90% of the work done in NYC could be done anywhere. lumberjack_jeff Sep 2013 #23

The 1% want to live near the other 1%. MicaelS Sep 2013 #27

Walla Walla? Over my dead body. No thank you. We LOVE it here. bettyellen Sep 2013 #34

Fine. Send 'em to Toppenish. lumberjack_jeff Sep 2013 #35

They can go, I am planted here firmly. bettyellen Sep 2013 #37

I'm assuming you are talking about NYC. PotatoChip Sep 2013 #43

I 'm glad you like it! I love the constant stream of new people- visitors and new transplants alike bettyellen Sep 2013 #44

Yup. NEVER a dull moment. PotatoChip Sep 2013 #45

I'd take one of the castles any day MicaelS Sep 2013 #26

This castle is down the road from us in Connecticut. Atman Sep 2013 #28

Will those homes be around as long as ChazII Sep 2013 #38

Wow, I had no idea! I thought that housing was too expensive Trailrider1951 Sep 2013 #39