even more quiddities and agonies of the ruling class - a new rolling new york times thread

all incredible

stunning

meanwhile, back in real estate land

A three-bedroom sponsor unit at the Marquand, a century-old building at 11 East 68th Street that underwent an extravagant conversion by the HFZ Capital Group last year, sold for $17,819,375 and was the most expensive sale of the week, according to city records.

The monthly carrying costs for No. 8W, which has interior finishes selected by Lee F. Mindel of Shelton, Mindel and Associates, are $14,834. The Marquand, on a prime block between Fifth and Madison Avenues, sits on the northwest corner at Madison and 68th Street; its two nearly identical triplex penthouses are listed at $43 million and $46 million (the Central Park views from PH-W added a $3 million premium).

The 3,838-square-foot eighth-floor apartment has four-and-a-half baths, including an opulent master bath carved from slab onyx. The views face primarily south on East 68th Street, but one west-facing window provides a glimpse of Central Park.

The Saltiel/Elghanayan team again represented the sponsor; the buyers were Peter and Tatiana Cancro. Mr. Cancro is the chief executive of Jersey Mike’s Franchise Systems, a chain of sub shops that originated in New Jersey and, yes, has a special sauce.

It's kind of amazing that even if I won the biggest Powerball ever, there would still be NY real estate out of my reasonable price range.

http://www.nytimes.com/2014/08/31/fashion/texting-anxiety-caused-by-little-bubbles.html

"The three dots shown while someone is drafting a message in iMessage is quite possibly the most important source of eternal hope and ultimate letdown in our daily lives,” said Maryam Abolfazli, a writer in Washington who has tackled the topic.

u_u

Quiddities and agonies of Style and Fashion section editing....

. . .

if i had the money i would buy a cool old house in nyc. fuck a penthouse. 14 grand a month EVERY month? the hell with that.

Hell yes. I'd buy a house somewhere really inconvenient like City Island, and then have a driver and/or helicopter to get me where I needed to be. Or maybe a speedboat.

not thread appropriate exactly but this sort of story is a good example of the sort of damage constant quid/agg NYC media carpet bombing does to your psyche
http://nymag.com/thecut/2014/09/why-i-bought-a-4000-jacket-i-could-not-afford.html

this is pretty quiddy, right? even tho not nyt:
http://www.businessweek.com/articles/2014-09-03/college-consultant-thinktank-guarantees-admission-for-hefty-price

I know native New Yorkers complain all the time about how anesthetized the City is now. Still, I’ve always found living in New York deeply scary. Without a trust fund or famous parent (and even then, sometimes you need both), the odds of success are ludicrous. It’s not just the fact that you don’t have any money. It’s that money no longer makes sense.

http://www.nytimes.com/2014/09/14/realestate/how-to-get-to-manhattan-save-save-save.html

One day I'm going to read one of these and just explode. I hope someone writes a story about that.

So apparently all you need to do is save $150,000 for a down payment in the two and a half years since starting your first job out of college? Seems totally reasonable.

a tiny one-bedroom apt for $426,000, and "the place was everything she wanted" jfc. in boston you can get a single family house with a yard in a decent neighborhood for that price. in cleveland you can get a 8 bedroom prewar duplex in the best neighborhood in the city for $200,000.

who needs families, I don't

I don't get how that's a quid/ag story. It's v expensive to buy a place in NYC, she was responsible and saved, shopped around carefully and ended up getting what she wanted. Not like her parents were floating her the down payment or anything right?

If she started a job in June 2011 and bought a place in winter of 2013 with a $150k down payment it means she saved $5,000 for 30 months. Which is admirable and all that but how many people earn enough to save $60,000 every year?

Other than people who work "at a large financial services company, focusing on mortgage-backed securities and real estate finance" that is.

Her parents may not have floated the down payment directly, but allowing her to live with them rent free (I'm presuming) was U&K in her ability to save that big a chunk of change. I also have to wonder if she has any student loan debt, or if the parents floated her college education.

after reading an article like that one, i start to think that maybe Pol Pot had a valid point or two.

kill everyone with eyeglasses?

I am making payments on student loans, but the bulk of my education was paid for by my mom, who decided to work 10+ years underpaid to get the benefit.

i.e. I get what you mean re: floating education. But this woman may also be taking advantage of very real sacrifices within her family

god, that probably sounds more right and ass hole than I meant. But I'm really just trying to say 'we don't know' wrt case in article.

Let's find out!!!

Single woman buying apartment in NYC. She must be dependent on something to be mocked!

One day I'm going to read one of these and just explode. I hope someone writes a story about that.

This man read the internet every day for a week. What happened next will amaze you!

There must be a rich father behind this successful woman!

Anne jokes that her biggest struggle at BU was finding a parking spot, a common trouble for girls on the go. She says, “Who would think that having a car on campus could make a person better enjoy riding the bus? Luckily, the distances walked (most of which were up-hill) to find my car built great muscle!” It is this attitude that will continue to propel Anne towards success. She hopes to eventually open her own Real Estate Investment Trust that purchases hotel and commercial properties across the Northeast.

prove to me that this woman's success is straight nepotism.

Otherwise it sounds fucking fantastic to me bc there is some asshole in a football jersey that doesn't have her job.

( though I get lol NY time style )

tbh this whole thread made sense to me until this one

which I believe has a weird thread to it

Let's find out!!!

Someone go find this woman ASAP and get her on ilx!!

totally!

and then we can find out who the fuck you are!

Tenafly, NJ (where the girl is from) is a rich town. It's not Alpine or Short Hills, but it's rich. I think that given that the headline is "How to Get to Manhattan? Save, Save, Save" -- this article very rightly deserves to be mocked, since it's about a girl working in finance who had to save for less than two years while living in her parents' presumably very comfortable home and presumably not making student loan payments. Nothing wrong with what she did or the choices she made. Yes, it was smart to take advantage of this situation that many of her peers probably did not, but most people don't even have the option.

True. I guess I am just sensitive to 'the article' vs 'the woman'

Yeah, can't really fault her for making wise use of her situation, and it's not like she wrote the headline herself.

co-sign w/ Hurting -- which means i have to retract my Pol Pot comment.

TBF, though, even if i had $100K+ at 23 i don't think that buying a condo would've been on my list. and my list wouldn't have been entirely wasteful either. then again, maybe it's just the generation gap (and that ILXors aren't the target audience for this type of article).

I think they're just trolling for hits at this point which does make ilxors a target audience

lol @ agonising here won't somebody think of the 1%

feasiblility aside - the laments of the 22 y/o struggling with the 450k studio apartment market in manhattan definitely fits the bill for this thread.

http://mobile.nytimes.com/2014/09/14/fashion/at-soulcycle-tribeca-the-spinning-stops-panic-ensues.html?_r=2&referrer

Yes, the spinnerati of downtown Manhattan has had to face its greatest fear: The TriBeCa flagship studio of SoulCycle, the chain of indoor cycling studios that is a haven to celebrities and everyday-workout-obsessives alike, closed last Monday for renovations, for three weeks. The construction, which began in February and was to have been finished by Labor Day, will double the location’s showers, bathrooms and locker space.

TriBeCa, of course, has multiple high-end gyms, some that offer spin classes. But rock stars, as SoulCycle calls its riders (who include Lena Dunham, Harry Styles of One Direction, Oprah Winfrey and, since a SoulCycle opened in Washington in August, Michelle Obama) accept no substitutes.