I’ll trade you an Aston Martin for your 10×10 “master bedroom” off Central Park West. Yep, that’s what it will take. One million dollars gets you approximately 750 square feet in Manhattan these days. That’s $1500 a square foot. Insane. The abstract science of number, quantity and space is grossly distorted if you consider purchasing real estate in New York City. Unless of course, my math is wrong.

Up until college, I was good at math. I mean, really good. Let’s put it this way: I don’t remember getting anything wrong on any math exam dating between junior high and the time I reached college. Even in my SAT’s (680 out of 800 in the Math portion), I just didnt answer everything in time. I took all those honors math courses with the graphing calculator-carrying contingency. Complex algorithms were my bitch. Though I didn’t geek over any lame trig analogies and jokes, or join any math-teams/clubs/whatever, I wasn’t exactly divided either – Har har.

Division first came in the form of a roadblock in my Freshman year in Syracuse. I took a Business Calc class I thought would be a breeze. After botching my first quiz (88/100) and learning that there was no way to make up points, I quickly realized my pursuit of an A in the subject was futile without perfection. Perfection eluded me altogether as I stumbled over and over again. I finished up the semester with a 79 average – which thanks to a very skewed curve, earned me a big, fat D!

My analytical skills either took a major nosedive, or reverting to my love of the arts compromised my attention altogether. I like to think the latter happened, but every time I peruse real estate ads and do the math, I am left wondering if I did indeed forget how to calculate altogether. It is astonishing to visualize the distortion.

Simply put, the laws of arithmetic and logic go out the door when you attempt to rationalize your shoebox existence. So, I say fuck math. I look forward to the highly prophesized (and much anticipated) dip in the real estate market – just so I can get my calculations all right again. And maybe my focus will be somewhat integral, for a change.

Posted Tuesday, September 16th, 2008 at 9:39 pm
Filed Under Category: New York
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Response to “Rich Quotients”

Maria Llompart

Real Estate has it’s own formulas taking into consideration their own demand and supply theories. have you ever seen that show that actually compares this formula they created? It compares what you get at different price ranges I believe it’s one million 300 thusand and I forget the last, and compares exactly what you get in three different States. It kind of gives you a visual perspective on just how f’ed we are getting. The reason you feel you have lost your ability to calculate things correctly is because you have common sense. In NY you have to realize living space is just that, space to live. You definetely have to appreciate what’s outside your door, after all that is what we are paying for. If that stops interesting to you, time to move and expand your indoor living space and find something you love outside that door.

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