Category: Condos

Juicy rationalization: Part 2, Just change one screw

6 November, 2012 (09:10) | Co-ops, Condos, Incentives, Local issues, Loopholes, New York City, real estate taxation, Rent control, tax incentives, tax shelters, Theory, US News |

[Continued from yesterday's Part 1.] By:David A. Smith   I don’t know who to trust.  I don’t know who likes me. Well, you don’t have that problem here.  You know I don’t like you. –The Big Chill   Yesterday’s post demonstrated, as evidenced but not analyzed in a New York Times (October 15, 2012), that […]

Juicy rationalization: Part 1, New York’s $37,500,000 gift to Sandy Weill

5 November, 2012 (16:44) | Co-ops, Condos, Incentives, Local issues, Loopholes, New York City, real estate taxation, Rent control, tax incentives, tax shelters, Theory, US News |

By:David A. Smith   “Rationalization is more important than sex.” “Come on, nothing’s more important than sex.” “Oh really?  Have you ever gone a week without a rationalization?  Personally, I can’t get through a day without three or four really juicy rationalizations.” –The Big Chill   While for every loophole there may be a hundred […]

Everything but the kitchen sink?

23 May, 2012 (10:56) | Co-ops, Condos, Configuration, Housing, Innovations, New York City, Rent control, Rental, Theory |

By: David A. Smith   Beware of this alien invader   If our metaphorical frog never jumps out of slowly boiling water, the reverse is likewise true: the slowly freezing frog becomes gradually insensible to worsening conditions, as is observable in this aren’t-we-hardy lifestyle profile from The New York Times:   Among the indignities that […]

House me, house my dog?

2 April, 2012 (09:32) | Apartments, Co-ops, Condos, Dogs, High-rise, Housing, New York City, Pets, Rental |

By:David A. Smith   At present, the master is not at home   For all that we love dogs – and the people who love dogs, love dogs – they are poorly designed for city living, unlike cats, whose sublime superior indifference lends itself well to ignoring their owners and any guests (except, of course, […]