September 26, 2013

How Stupid is Real Estate in New York City? This Stupid.


From 6 Castles That Cost Less Than An Apartment In NYC

Posted by gerardvanderleun at September 26, 2013 7:55 PM
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"It is impossible to speak in such a way that you cannot be misunderstood." -- Karl Popper N.B.: Comments are moderated and may not appear immediately. Comments that exceed the obscenity or stupidity limits will be either edited or expunged.

I doubt the validity of every one of those listings.

Posted by: ghostsniper at September 26, 2013 8:07 PM

Here's the listing:

Castle for sale Dordogne, Aquitaine, France Estate > 20 HA Asking price € 4.200.000

Do I have to do everything around here?

Posted by: vanderleun at September 26, 2013 8:18 PM

"I doubt the validity of every one of those listings."

I was thinking, instead, why would they be such a deal?

Punishing taxes? Frogs love to tax the rich.

Servants, maintenance, utilities, gotta run a half mil annually.

A fabulous place to visit but living in a castle is a drag?

Posted by: james wilson at September 26, 2013 8:24 PM

I do know that I have a pair of nieces that would be on a 72+ hour energy trip to visit one of those castles.

For the sake of all that is Holy, do not let them know that daddy can rent a real castle.

(The Disney Princess and Barbie Princess is not so much a creation of the evil corporate mind as it is the evil corporate mind realizing that little girls want to be princesses and their daddies are besotted fools. Evil power flows down the path of least resistance, and all of that.)

Posted by: Mikey NTH at September 26, 2013 8:30 PM

Why would any non-multimillionaire voluntarily live in NYC?

Posted by: Mumblix Grumph at September 27, 2013 1:46 AM

Let's hear it for rent control.


Posted by: Mark Alger at September 27, 2013 4:13 AM

Even if they were within my means, I wouldn't want either of them. The apartment in the Village may not quite be a dump, but I at least like to have a place to sit down to eat. I bet the bedrooms are tiny as well. The castle, well, that's a bit more house than I need as a single guy (especially one who hates yard work).

Posted by: waltj at September 27, 2013 5:34 AM

More to the point, how stupid are the people?

Whatever the market will bear.

1-Never give anything away for nothing;
2-Never give more than you have to give; (always catch the buyer hungry and always make him wait)
3-Always take everything back if you possibly can;

Posted by: chasmatic at September 27, 2013 6:49 AM

Yeah, but it's a lot of grass to cut.

Posted by: John Kidle at September 27, 2013 6:59 AM

Asking and getting are 2 different things.
The asking prices for those NY examples insures they will sit vacant. For that kind of money you can do much better.

Posted by: ghostsniper at September 27, 2013 9:21 AM

"... girls want to be princesses and their daddies are besotted fools."

My daughter is not a self-appointed princess in the slightest (else she would not be majoring in chemical engineering at university) but when it comes to her, I freely confess to being a besotted fool and I would not want it to be otherwise.

Posted by: Donald Sensing at September 27, 2013 10:05 AM

The places in France win hands down:

1 - friendlier government;

2 - you can own livestock, namely enough sheep to keep the lawns trimmed;

3 - closer proximity to all those wonderful places people always spend lots of money to visit.

Posted by: chasmatic at September 27, 2013 3:34 PM

Well, it is a bit of real estate bubble in NYC, that much is for certain.

Never fear, when Mr DiBlasio is elected Mayor, he will, in short order, drive out the very rich that pay so much taxes that makes the city run, and you will probably be able to get that townhouse for much less in a few years. As NYC implodes financially, hilarity WILL ensue.

The Democrats are looking our for the working man!!

Posted by: David at September 27, 2013 6:31 PM

As NYC implodes, how do we prevent refugees from bringing with them the madness that caused the implosion?

"Escape from New York" springs to mind. We need a guy like Lee Van Cleef.

Posted by: butch at September 28, 2013 7:23 AM

That's how the market works. People pay what they are willing to pay for anything. Stupid, childish people with too much money are in NYC paying insanely too much for too little. Its always been bizarrely too expensive to find somewhere to live in New York City, and its gotten worse. And it only works because people are paying that much. If they refused to pay, the prices wouldn't be that high.

Posted by: Christopher Taylor at September 28, 2013 9:20 AM


I can't afford either, here nor there.

Posted by: Daphne at September 28, 2013 8:18 PM

When I left Brooklyn, I was paying 1500 per month for a one bedroom, sub-basement with a mold problem. Now, rent and utilities still come to less than fifteen. And no F train rumbling the china every fifteen minutes...

Posted by: Will at September 30, 2013 4:21 AM