Real estate in NYC is expensive. I'd imagine $1M buys a fairly modest condo there.
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Zenkitty - Jun 05, 2009 4:31:32 pm PDT #22977 of 30000
Every now and then, I think I might actually be a little odd.
megan walker - Jun 05, 2009 4:31:36 pm PDT #22978 of 30000
"What kind of magical sunshine and lollipop world do you live in? Because you need to be medicated."-SFist
A million bucks doesn't go far in the Village [link]
Yeah, and depending on when and where she bought, she could be like some artist types I know who bought in Soho way back when and their income's not that high. Or she could be house poor.
Hil R. - Jun 05, 2009 4:37:33 pm PDT #22979 of 30000
Sometimes I think I might just move up to Vermont, open a bookstore or a vegan restaurant. Adam Schlesinger, z''l
Yeah, a million in the Village will be nice, but not extravagant.
sarameg - Jun 05, 2009 4:40:13 pm PDT #22980 of 30000
I was gonna say, friends of mine own half-a-mil houses here in MD, and while they are comfortable, they are basically my salary times 2 and have kid expenses and I'm not raking in the bucks, but I am making it on my own. And owning doesn't mean paid off. Taken out of context... Half a mil in or a mil in my hometown is miles away from what it is in NY or here.
I just looked: half-a-mil in LC starts at between 2500 and 4000 sq ft. Jeez.
Amy - Jun 05, 2009 4:45:21 pm PDT #22981 of 30000
Because books.
But ... I think the point was not that her million-dollar property was especially big or luxurious, just that she *has* assets worth a million dollars, right?
Trudy Booth - Jun 05, 2009 4:49:27 pm PDT #22982 of 30000
Greece's financial crisis threatens to take down all of Western civilization - a civilization they themselves founded. A rather tragic irony - which is something they also invented. - Jon Stewart
But ... I think the point was not that her million-dollar property was especially big or luxurious, just that she *has* assets worth a million dollars, right?
But that doesn't mean much if you're going to live in NYC, particularly if she's still paying the mortgage.
Jessica - Jun 05, 2009 4:50:34 pm PDT #22983 of 30000
And then Ortus came and said "It's Ortin' time" and they all Orted off into the sunset
Yup - what the other city folk said. $1M is a lot of money, but it's not a lot of Village condo.
Yeah, and depending on when and where she bought, she could be like some artist types I know who bought in Soho way back when and their income's not that high.
This too.
sarameg - Jun 05, 2009 4:54:50 pm PDT #22984 of 30000
I guess? But again, context. My friends' assets are half-a-mil. They make a little over twice what I do, and I basically signed up to owing 3x my yearly salary and they 5x that. (You can figure out the math if you are really curious.If I did the math right.)
I dunno, I just feel like there are better things to judge her on, depending on your politics.
Jessica - Jun 05, 2009 4:55:28 pm PDT #22985 of 30000
And then Ortus came and said "It's Ortin' time" and they all Orted off into the sunset
But ... I think the point was not that her million-dollar property was especially big or luxurious, just that she *has* assets worth a million dollars, right?
But the thing is, she could have bought it for $20k in 1979 - saying that someone owns an apartment valued at $1M in Manhattan is pretty meaningless on its own.
Zenkitty - Jun 05, 2009 5:01:18 pm PDT #22986 of 30000
Every now and then, I think I might actually be a little odd.
My sister has real estate assets worth about $1M. We were dirt poor when she was little, she's worked hard since she was 15 and been careful with her money, and she deserves it. And she is hardly rich. Frankly, I think it speaks well of Sotomayor that her residence is a modest condo in the Village.