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.
'Time Bomb'
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
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.
Yeah, a million in the Village will be nice, but not extravagant.
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.
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 ... 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.
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.
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.
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.
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.
Her salary is over 150,000 per year. And she has a pension which means she does not have to save for her old age. In spite of the million dollar house she may not be rich, rich. But she is not your average person.
I'm not judging her. In fact given that it was inevitable Obama would choose a moderate rather than left liberal (cause that is where he is) I think she is a great choice. Just nobody with a million dollar house is an average Joe or Jill.
Which is fine. I don't want an average Joe or Jill on the Supreme court. I was just making fun of the paper for describing her finances as average.