Joined: 15 Jun 2004 Posts: 46182 Location: Los Skandolous, California Country:
Posted: Fri Jul 13, 2007 2:53 am Post subject:
nuts, i tell you.
Manhattan parking spot going for $225,000
Thursday July 12, 11:38 am ET
Parking spaces in New York cost as much as $225,000 and could soon be going higher still, putting the cost for the prime spots above the price tag of the typical U.S. home price.
Manhattan real estate agent Tom Postilio said there is a waiting list of seven or eight people hoping to pay $225,000 for one of five private parking spaces that has been approved in the basement of 246 West 17th Street, a 34-unit condo development scheduled for completion next January.
The developer of that building is seeking permission to add another four spots, and Postilio said the addition spots are likely to cost even more than the current price, although he could not give an exact price.
"Supply and demand being what it is, there's probably going to be an increase," he told CNNMoney.com.
That latest figures from the National Association of Realtors put the nation's median existing home price at $223,700 in May, meaning that half of the homes sold in the month sold for less than that and half sold for more. Overall, home prices nationwide have been declining in the face of a slump in home sales this year.
Part of the reason for the pricey spots in New York is city rules controlling new residential buildings in most of Manhattan that limit spots to about 20 percent of the units, according to The New York Times, which first reported the $225,000 price tag in an article Thursday.
That limit has resulted in some condo buyers paying roughly as much per square foot for their car's home as for their own, according to the paper.
The paper says that property appraiser Miller Samuel estimates that the average parking space in the expensive neighborhoods of Manhattan now costs $165,019, or $1,100 per square foot. That compares to an average apartment price of $1,107 per square foot.
Sometimes the parking spot costs more than the finished space in the same building. The building at 246 West 17th Street with the $225,000 parking spots has two-bedroom, 2-1/2 bath 1,717-square-foot units listed for $2.2 million. That works out to $1,281 a square foot, while parking spot costs about $1,500 a square foot.
That building isn't the only one which is seeing prices rise before tenants even move in. The paper reports that another 52-unit condo under development in the city's Chelsea neighborhood had its first two spots go for $165,000, the third for $175,000 and the last two for $195,000.
One of the buyers of a condo in that building told the paper she regrets passing up the chance to buy one of those spots.
"At first, I was getting overwhelmed and didn't want to spend the money," Cynthia Habberstad told the paper. "I'm kicking myself now, believe me."
Some people are buying parking spots even if they don't own cars, but instead buy the spaces as investments, renting them out to cover their costs.
Parking has long been a costly endeavor in New York, but expensive spots are not limited to those Manhattan neighborhoods. The paper reports that open lots and garages in Brooklyn, Queens, the Riverdale neighborhood of the Bronx and Harlem are close to $50,000, although at least one new Brooklyn development is asking $125,000.
And some other major cities are also seeing eye-popping prices for parking spots. The paper reports that in Boston, spots can sell for as much as $175,000, and as much as $75,000 in Chicago. But in other cities, like Los Angeles and Dallas, most condos include parking in their prices.
Joined: 07 Oct 2005 Posts: 9573 Location: �o�J�i�_ Country:
Posted: Fri Jul 13, 2007 2:59 am Post subject:
Insane. $1,100 per square foot... I think I'll pass. I'm happy with mine at $120/month. I couldn't pay the rent either, unless someone can sub rent me his/her kitchen sink.
Wow. If you thought school dramas were the same and boring, check this out. Mito Komon, a period drama with over 1000 episodes. First aired in 1969.
Synopsis: The plots are basically the same. Accompanied by his faithful attendants, servants and ninja, Mito Komon wanders around the countryside, helping those he finds oppressed by corrupt officials or evil landowners. A violent struggle typically ensures near the end of each episode, at which point one of his attendants flashes Komon's inro, a lacquered case bearing the Tokugawa crest, thus revealing his true identity and proclaiming, "Here before you is Lord Mitsukuni of Mito, uncle of the Shogun." Realizing they are facing someone who wields incredible power, the evil doers drop to their knees and grovel. Suppressing their rage as being outdone, the episode ends with Mito Komon always putting everything right once again and then continuing on his journey. _________________
Joined: 15 Jun 2004 Posts: 46182 Location: Los Skandolous, California Country:
Posted: Fri Jul 13, 2007 3:08 am Post subject:
tabana wrote:
Insane. $1,100 per square foot... I think I'll pass. I'm happy with mine at $120/month. I couldn't pay the rent either, unless someone can sub rent me his/her kitchen sink.
paying that much for parking is ridiculous...man if you were that rich why not spending that cash on something more fulfilling.
Quote:
Wow. If you thought school dramas were the same and boring, check this out. Mito Komon, a period drama with over 1000 episodes. First aired in 1969.
Synopsis: The plots are basically the same. Accompanied by his faithful attendants, servants and ninja, Mito Komon wanders around the countryside, helping those he finds oppressed by corrupt officials or evil landowners. A violent struggle typically ensures near the end of each episode, at which point one of his attendants flashes Komon's inro, a lacquered case bearing the Tokugawa crest, thus revealing his true identity and proclaiming, "Here before you is Lord Mitsukuni of Mito, uncle of the Shogun." Realizing they are facing someone who wields incredible power, the evil doers drop to their knees and grovel. Suppressing their rage as being outdone, the episode ends with Mito Komon always putting everything right once again and then continuing on his journey.
Synopsis: The plots are basically the same. Accompanied by his faithful attendants, servants and ninja, Mito Komon wanders around the countryside, helping those he finds oppressed by corrupt officials or evil landowners. A violent struggle typically ensures near the end of each episode, at which point one of his attendants flashes Komon's inro, a lacquered case bearing the Tokugawa crest, thus revealing his true identity and proclaiming, "Here before you is Lord Mitsukuni of Mito, uncle of the Shogun." Realizing they are facing someone who wields incredible power, the evil doers drop to their knees and grovel. Suppressing their rage as being outdone, the episode ends with Mito Komon always putting everything right once again and then continuing on his journey.
Good Lord. That thing musta run for years and years. Tho I'd still choose 1000 epi's of ninja over school dramas where teachers are falling in love with pretty-boy school boys. _________________
Joined: 17 Nov 2005 Posts: 2652 Location: The OC Country:
Posted: Fri Jul 13, 2007 4:53 am Post subject:
Wynter wrote:
Good Lord. That thing musta run for years and years. Tho I'd still choose 1000 epi's of ninja over school dramas where teachers are falling in love with pretty-boy school boys.
LOL. I take it Majo no Jouken left a deep impression on you. _________________
Joined: 08 May 2007 Posts: 2331 Location: in South Atami Country:
Posted: Fri Jul 13, 2007 4:53 am Post subject:
tabana wrote:
Wow. If you thought school dramas were the same and boring, check this out. Mito Komon, a period drama with over 1000 episodes. First aired in 1969.
Synopsis: The plots are basically the same. Accompanied by his faithful attendants, servants and ninja, Mito Komon wanders around the countryside, helping those he finds oppressed by corrupt officials or evil landowners. A violent struggle typically ensures near the end of each episode, at which point one of his attendants flashes Komon's inro, a lacquered case bearing the Tokugawa crest, thus revealing his true identity and proclaiming, "Here before you is Lord Mitsukuni of Mito, uncle of the Shogun." Realizing they are facing someone who wields incredible power, the evil doers drop to their knees and grovel. Suppressing their rage as being outdone, the episode ends with Mito Komon always putting everything right once again and then continuing on his journey.
I know this!!!! Not only 1000 episodes BUT reruns reruns reruns - I think you can catch an episode any time you switch on Japanese TV.
Joined: 19 Jun 2006 Posts: 11363 Location: �I�[�X�g�����A Country:
Posted: Fri Jul 13, 2007 6:01 am Post subject:
tabana wrote:
Yikes. Who the hell watch this show? People counting the days till their death?
This show sounds like a never ending Gokusen 2.
"Neighbours" has been running in Australia for over 20 years. And it's like a never-ending Gokusen 2: An endless parade of pretty young things who can't act, and who soon fade into a bad memory. It's on for 30 minutes a day, 5 days a week. Notable for introducing Kylie Minogue to the world
"Neighbours" has been running in Australia for over 20 years. And it's like a never-ending Gokusen 2: An endless parade of pretty young things who can't act, and who soon fade into a bad memory. It's on for 30 minutes a day, 5 days a week. Notable for introducing Kylie Minogue to the world
Is it?! But I like Kylie Minogue. _________________
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