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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review March 3, 2005 / 22 Adar I, 5765

For a measly $1 million, you could live rent free

By Lenore Skenazy


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http://www.JewishWorldReview.com | You know your real estate situation is getting desperate when you're at the kid flick "Because of Winn Dixie" and you find yourself staring longingly at the home the little girl shares with her mutt.

It's a trailer.

"Looks pretty good, doesn't it?" I nudged my friend Marla who, like me, is in the hideous predicament known as "renting."

She nodded. Oh, to own a little piece of something — anything! Who cares about indoor plumbing? — as New York's real estate market zooms from the stratosphere into the gazillosphere.

As the Daily News reported last week, apartments in once-modest Manhattan neighborhoods like Washington Heights have soared 333% in the last 10 years. In '95, the average price of an uptown apartment was $82,693. Now it's $358,657.

In the outer boroughs, it's just as harsh. My friend Sabrina went to see a fabulous "duplex" near Brooklyn's Green-Wood Cemetery last week. She arrived to find a single bedroom with steps leading down to a basement nook. All for the bargain price of $380,000, take it or leave it.

Wisely, she left it. But who knows? Next year it could be listed as a "charming floor-thru" and go for twice as much. Very few people seem to be predicting a screeching slowdown in local housing prices.

That's too bad because in below-Harlem Manhattan the prices are already so nutty-in-extremis they make sense only in Monopoly money. The average apartment there is now $1 million — and we're not talking dream homes with solid gold spigots. We're not even talking about two-bedrooms!

"There are very few [quality two-bedrooms] out there under $1 million," says Martha Friedricks-Glass, senior vice president at the Corcoran Group.

So my question is: WHO IS BUYING THESE APARTMENTS? WHO IS BUYING THESE APARTMENTS? WHO IS BUYING

Er, please excuse my obsessive behavior. WHO IS BUYING THESE

Sorry. It's just hard to think about anything else when you're a renter. So finally I asked the experts: WHO IS BUYING ... oh, you get the picture.

According to Friedricks-Glass: It's kids whose parents can afford to give them a down payment of at least $200,000.

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It's also Wall Street honchos, their lawyers and ad execs enjoying an upswing in the economy, says Matt Martin of Economy.com.

And the reason anyone is willing to pay so much for so little, adds Alex Schwartz, chairman of urban policy at the New School's Milano Graduate School, is that, "The amount of desirable land is limited, and you have a lot of demand." So if you want to own a piece of the rock, with a smaller piece of the rock off the living room where you can actually fit a table, you've got to pay.

Or move, of course, even though you've made it your home.

Or just keep bringing up the topic like something's going to change. I sure hope that technique works.

Every weekday JewishWorldReview.com publishes what many in Washington and the media consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


JWR contributor Lenore Skenazy is a columnist for The New York Daily News. Comment by clicking here.

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© 2005 NY Daily News