University of Chicago Law Prof's Blog About Struggling on $400Gs Draws Fire

[Soul Crusher]

Yeah... Noblesville is NOT Indianapolis...Once again get your facts together. What is the cost of a house in Indianapolis? What is the tax rate in Indianapolis now compare that to New York city.... small difference isn't it.

Since when are houses in the Bronx 800K? You are aware you live in the Bronx?

Its 20 minutes outside of INDY.    Her property taxes were nothing, insurance must less, and many other items dratically less than in NYC. 

[SAMSON123]

The cost of a house in the Bronx is very high relative to anywhere else in the nation as well.  

A little tiny pos attached dwelling is still 350k - 500k in the bronx, and thats' in an area that is not great.  you go to riverdale and its even more, let alone throggs neck or country club. 

Riverdale is a slum to say the least. Old time Italians, Irish and the surge of jews. That noisy number 1 train and those cheap mom and pop run down businesses. I remember that area all too well. The few apartments (not houses) that are for sale for 300 to 500K where during the housing/home boom/rush...now you can't give those slumlord apartments away. The Bronx is still a dive in the vast majority of its areas and anyone investing in a home in Bronx above 100K is retarded and willnever see a return on their money but will see a great depreciation on their investment.

[Fury]

This thread is a perfect example of why most of Samson's threads go ignored. What an astoundingly stupid person.

What's the matter? Sorcha Faal not teach you economics?

[SAMSON123]

Again shut the fuck up, I'm sick of your tripe. I live in a rather large city.

Then you should understand that little difference exists in the cost of things between major cities. The cost of things in New York are the same as Los Angeles

[Fury]

Then you should understand that little difference exists in the cost of things between major cities. The cost of things in New York are the same as Los Angeles

No, they're not, you stupid fuck.

What are "things", by the way? I like how you're wording these responses in your attempt to save face from the fact that you outed yourself for a complete moron.

[Soul Crusher]

Riverdale is a slum to say the least. Old time Italians, Irish and the surge of jews. That noisy number 1 train and those cheap mom and pop run down businesses. I remember that area all too well. The few apartments (not houses) that are for sale for 300 to 500K where during the housing/home boom/rush...now you can't give those slumlord apartments away. The Bronx is still a dive in the vast majority of its areas and anyone investing in a home in Bronx above 100K is retarded and willnever see a return on their money but will see a great depreciation on their investment.

Just go on Realtor.com and check out the listings.  

The prices are still nuts.  

[Kazan]

Then you should understand that little difference exists in the cost of things between major cities. The cost of things in New York are the same as Los Angeles

Yeah OK whatever you say Bonzo , I guess my company just has different compensation packages for which state you live in not because of cost of living, but because they just like them more fucking dumbass

[Fury]

This is getting brutal now.

[SAMSON123]

Its 20 minutes outside of INDY.    Her property taxes were nothing, insurance must less, and many other items dratically less than in NYC. 

a twenty minute drive outside of New York city can produce a world of difference in prices, but the difference in prices between Buffalo, Syracuse, Albany, New York city etc are pretty much the same. Driving over to New Jersey to Hoboken, Jersey city, Hackensack, Englewood all of which are about twenty minutes drive from Manhattan will have little difference in the price of goods, homes or taxes. Stop comparing cities to states, rural areas to urban or isolated areas of wealth to isolated areas of lower income

[Fury]

a twenty minute drive outside of New York city can produce a world of difference in prices, but the difference in prices between Buffalo, Syracuse, Albany, New York city etc are pretty much the same. Driving over to New Jersey to Hoboken, Jersey city, Hackensack, Englewood all of which are about twenty minutes drive from Manhattan will have little difference in the price of goods, homes or taxes. Stop comparing cities to states, rural areas to urban or isolated areas of wealth to isolated areas of lower income

No, the prices between those cities are not the same. NYC is among the most expensive cities in the world. Buffalo, Syracuse and Albany are not.

Now shut the fuck up.

[SAMSON123]

Yeah OK whatever you say Bonzo , I guess my company just has different compensation packages for which state you live in not because of cost of living, but because they just like them more fucking dumbass

How does your company compensation packages come into play

[SAMSON123]

Just go on Realtor.com and check out the listings.  

The prices are still nuts.  

And the apartments are sitting there EMPTY!!!!!

[Soul Crusher]

a twenty minute drive outside of New York city can produce a world of difference in prices, but the difference in prices between Buffalo, Syracuse, Albany, New York city etc are pretty much the same. Driving over to New Jersey to Hoboken, Jersey city, Hackensack, Englewood all of which are about twenty minutes drive from Manhattan will have little difference in the price of goods, homes or taxes. Stop comparing cities to states, rural areas to urban or isolated areas of wealth to isolated areas of lower income

Not true - Until you get about 45-60 miles outside of NYC, nothing is even remotely affordable for most people. 

[Soul Crusher]

Samson - would you pay 459k for this? 

http://www.realtor.com/realestateandhomes-detail/1109-Vincent-Ave_Bronx_NY_10465_M31228-89174

[SAMSON123]

Not true - Until you get about 45-60 miles outside of NYC, nothing is even remotely affordable for most people. 

Uh yeah right...45 to 60 miles outside of New york city will land a person well within New Jersey, Connecticut, Pennsylvania or New York state where there is a drastic difference in prices.... However if you are going into these states to their cities as I mentioned Hackensack, Jersey City, Hoboken, Poundridge, Hartford etc etc then yeah it will be just as expensive...IF NOT MORE. COnnecticut is very expensive (more than New York) depending on where you live.

[SAMSON123]

Samson - would you pay 459k for this? 

http://www.realtor.com/realestateandhomes-detail/1109-Vincent-Ave_Bronx_NY_10465_M31228-89174

No I would not, but during the housing boom when people lost their mind to the potential of greed they paid that amount and much more...and guess what? Now they have either lost it to foreclosure, walked away from it or found that it is now worth only a quarter of that amount. Just because a owner is selling a house for a certain price does not mean it is worth that price. You have to see what a house sells for within a community to tell what it value really is.

[24KT]

Yeah and it is the same in Indianapolis as New york city. You should get out more...

Sorry Sampson, NYC is a much more expensive city to live in.

Nonetheless, I agree with the berkely guy. this guy is simply having a cashflow problem,
and as far as sympathy goes for him, ...he'll have to stand in line behind the pensioners, widows on fixed incomes, students, and low income workers before he gets my sympathy. Can't live on $400K a year. give me an F'ing break! He can't live Donald Trump's lifestyleon $400K a year, but he sure as shit ain't hurting like most of America! What an asswipe! He ought to walk a mile in another man's shoes to get his head in perspective. Personally, I'd prefer to see someone beat a little sense into him. What ignorant gall!!!

[24KT]

Just shut the fuck up, you don't know your ass from a hole in the ground. I suppose the laws of physics are different in NY and Indiana as well   A platyrrhine should not be allowed to post on forums

They were on 911. 

[24KT]

a twenty minute drive outside of New York city can produce a world of difference in prices, but the difference in prices between Buffalo, Syracuse, Albany, New York city etc are pretty much the same. Driving over to New Jersey to Hoboken, Jersey city, Hackensack, Englewood all of which are about twenty minutes drive from Manhattan will have little difference in the price of goods, homes or taxes. Stop comparing cities to states, rural areas to urban or isolated areas of wealth to isolated areas of lower income

Sorry Sampson, ...on this you are DEAD wrong. You cannot even begin to think of comparing housing costs, let alone the costs of good & services between Buffalo NY & NYC. You couldn't even rent a broom closet in Manhatten for what you'd pay for a mansion in Buffalo. the disparity is that great. Still i have no sympathy for this guy in Chicago. he's better off than most and rather than whining about his desire to live a more luxurious lifestyle, ought to be mindful & grateful for the blessings he does have. he has far from hit rock bottom.

[doison]

I know its not popular to say this, but he is right.  

Income is not wealth.  After Federal, State, local, sales, and all sorts of other taxes - someone netting 200k a year is not rich.    

Exactly.  Anyone relying on "income" isn't part of the "wealthy elite."

Wealthy people don't rely on income.
They don't earn their money, they already have money.
They don't even like income....the government takes too much of it.

When you tax the "wealthy," you're only hurting the new money....the people that worked their asses off to get to that $250,000 level.  
Raising income taxes for high earners hurts the the doctor who worked his way through medical school to make a better life than his parents ever had.  
Taxing the wealthy through income hurts the business owner that risked everything he had to build a business from scratch, busting his ass day in and day out trying to reach the "American dream."  

Do people think Paris Hilton is worried about her income tax rates?  Do you think she has any idea what her income is?  
Do people think the east coast "oil" families give a shit about income tax?  


Tax the wealthy through income and you're simply taxing the public school kid from the blue collar neighborhood who worked his ass off to get where he is today while the old money wealthy are out buying $15,000 purses by the armful without any idea what it would be like to actually work for "income."

[Soul Crusher]

Exactly.  Anyone relying on "income" isn't part of the "wealthy elite."

Wealthy people don't rely on income.
They don't earn their money, they already have money.
They don't even like income....the government takes too much of it.

When you tax the "wealthy," you're only hurting the new money....the people that worked their asses off to get to that $250,000 level.  
Raising income taxes for high earners hurts the the doctor who worked his way through medical school to make a better life than his parents ever had.  
Taxing the wealthy through income hurts the business owner that risked everything he had to build a business from scratch, busting his ass day in and day out trying to reach the "American dream."  

Do people think Paris Hilton is worried about her income tax rates?  Do you think she has any idea what her income is?  
Do people think the east coast "oil" families give a shit about income tax?  


Tax the wealthy through income and you're simply taxing the public school kid from the blue collar neighborhood who worked his ass off to get where he is today while the old money wealthy are out buying $15,000 purses by the armful without any idea what it would be like to actually work for "income."

I try to tell these fools the truth on economics and reality, but only some really get it and and are open to how things "really are", vs the pap that often passes for discussions on money, wealth, and economics. 

I urge everyone to read Henry Hazzlit Econ in 1 Lesson as well as Schiffs' books and Creature from Jeklyl Island.