I'm sure there are Indian or Chinese bankers who would be happy to take over the reins at these companies for $400K or even $250K. Viva globalization!
Trying to Live on 500K in New York City
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Re: Trying to Live on 500K in New York City
#72I'm sure there are Indian or Chinese bankers who would be happy to take over the reins at these companies for $400K or even $250K. Viva globalization!
Oh give me $100K and I would build a whole business out of India. $100K is enough gas for at least 2 years for most startups out of here and hopefully start making profit by then.
edit: people as much as it applies to businesses need to learn to live lean, at least when necessary.
Re: Trying to Live on 500K in New York City
#73Earlier quoted context omitted.
None of these people are leaving NYC. Of course they're going to complain because they want people to think that it's inhumane to limit their salary. But if things get tough, they have millions of dollars in savings accounts, assets, vacation homes that they can sell off to keep up their lavish lifestyle long enough for the economy to recover. Besides, considering that most of these people should have been going to j…
New Jersey? I mean, we do have laws against cruel and unusual punishment...
...to protect the people of New Jersey from this fate.
Re: Trying to Live on 500K in New York City
#74Earlier quoted context omitted.
The edit button is gone, so I feel bad about this. The President is pretty high ly paid . According to his book, he hasn't be getting high since his 20's.
I wish people would lay off him. Look, for the last time, Bush is not President anymore. Next we'll be going over his alchoholism and business failings in his 30s. Leave him be, please.
I meant this book, actually:
http://www.washingtonpost.com/wp-dyn/content/article/2007/01...
Re: Trying to Live on 500K in New York City
#75Earlier quoted context omitted.
I wish people would lay off him. Look, for the last time, Bush is not President anymore. Next we'll be going over his alchoholism and business failings in his 30s. Leave him be, please.
I meant this book, actually: http://www.washingtonpost.com/wp-dyn/content/article/2007/01...
Uh, guess you didn't get it (no, not the book).
Re: Trying to Live on 500K in New York City
#76Earlier quoted context omitted.
A co-op is (usually) a non-profit that owns an operates a building. When you buy a co-op apartment you effectively buy a share(s) in the co-op which entitles you to occupy a particular apartment. As a shareholder in the co-op you are required to pay maintenance to cover your share of the operating costs of the building: energy and utilities, maintenance, doorman etc. Some co-ops also generate revenue from flip taxes.…
Even that is insane!! I have a share in the freehold of my flat in the UK, my maintenance comes in at £480 per annum, this includes buildings insurance, cleaning, heating and general building maintenance. Thats pretty damn steep over there!
A good whack of it goes towards fuel oil to run the steam heat system, then you've got a surgeon sized insurance premium in case some litigious oaf slips on the sidewalk, and finally a couple of full time staff.