Comments on: Development profile: LIC’s condo scene goes green with the Solarium Condos http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos A Blog About Life and Real Estate in Long Island City, Queens, NYC Thu, 29 Jul 2010 12:56:22 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: solarium http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-2#comment-21871 solarium Wed, 12 May 2010 10:59:00 +0000 http://www.liqcity.com/?p=12185#comment-21871 The idea is great. I only wander, what about the heating system? If the window, is too big. How are they going to heat the apartment during the winter? The idea is great. I only wander, what about the heating system?
If the window, is too big. How are they going to heat the apartment during the winter?

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-2#comment-19994 Anonymous Wed, 27 Jan 2010 14:11:28 +0000 http://www.liqcity.com/?p=12185#comment-19994 How many mins you takes shower is not my biz. But how about \hot exciting moment\ in the shower then run out of hot water? How many mins you takes shower is not my biz. But how about \hot exciting moment\ in the shower then run out of hot water?

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-2#comment-19984 Anonymous Tue, 26 Jan 2010 23:19:35 +0000 http://www.liqcity.com/?p=12185#comment-19984 Agree with 54, 53 needs to hire an architect and build his own home. Agree with 54, 53 needs to hire an architect and build his own home.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-2#comment-19975 Anonymous Tue, 26 Jan 2010 02:23:43 +0000 http://www.liqcity.com/?p=12185#comment-19975 To the developer: I think it is a great idea to make a green building. For me, the low maintenance costs, energy star appliances and thermal windows are great selling points. However, here are things that you may want to consider: - Water heaters in apt: I think most people agree that it is not ideal to have an ugly water heater in the units taking up space that could have been extra closets space. It also makes people wonder whether or not there will be enough water to take simultaneous shows while running the laundry / dishwasher, as mentioned above. Even though you mentioned the water heater should be sufficient for the apartments, it brings up that question - something that people don't think of as an issue for other apt buildings. And since it is so ugly, maybe it's just better not to have these individual water heaters in the apartments. - Electric Stove: I'm not sure why you say electric saves more money than gas. I have never heard that electricity is cheaper than gas. Also, most people dislike cooking with electric stoves. For people who don't cook much, an electric flat top might be convenient, but people who cook don't like electric stoves. Gas is much much preferred. And if you don't have a gas line behind the stove, this is probably a deal killer for many people. - Electric heater: how is this cheaper to operate than a gas heater? I have never heard anything that supports electric heating as being the cheaper alternative for heating the same amount of space - Showers: Such a big shower, but no tub and the glass does not enclose the shower. kind of a waste of space if you don't make it a tub. The master bath is pretty big - I think most people would prefer a tub and a smaller shower. The huge shower seems impractical - Lack of bathroom storage - Master bath is big, but there is no built in storage due to the pedestal sinks. and the closet in the master bath has the ugly water heater, so you can't use that for storage. seems like a waste of space in the bathroom. - Kitchen backsplash - the kitchen backsplash tiles seem weird because they go past the cabinets but not all the way to the end of the wall. they just seem weird - quartz countertops - i know they are sturdier than granite or marble, but the white quartz just doesn't seem very attractive to me. maybe another color/pattern that looks more like granite? - bamboo floors - do people really like these? i personally find them unattractive. bamboo planks have these little black specks at the end of every plank. may just be a preference thing, but i'd rather they imitated hardwood better -bathroom fixtures: they look really dull and rusty for some reason. don't know if it is because they are eco-friendly, but they are unattractive. -gym/children's playroom - the gym is a good size. most guys i know like having a bench press and free weights in addition to all-in-one machines. kinda weird to have the playroom inside the gym. I for one would not like to hear screaming kids while I workout and would not like having kids accidentally run out of the playroom and into the gym. These are my thoughts, if you hear similar feedback, that might be something to think about for the next development. The electric stove, water heater and waste of space weird showers are deal killers for me. To the developer:
I think it is a great idea to make a green building. For me, the low maintenance costs, energy star appliances and thermal windows are great selling points. However, here are things that you may want to consider:
- Water heaters in apt: I think most people agree that it is not ideal to have an ugly water heater in the units taking up space that could have been extra closets space. It also makes people wonder whether or not there will be enough water to take simultaneous shows while running the laundry / dishwasher, as mentioned above. Even though you mentioned the water heater should be sufficient for the apartments, it brings up that question – something that people don’t think of as an issue for other apt buildings. And since it is so ugly, maybe it’s just better not to have these individual water heaters in the apartments.
- Electric Stove: I’m not sure why you say electric saves more money than gas. I have never heard that electricity is cheaper than gas. Also, most people dislike cooking with electric stoves. For people who don’t cook much, an electric flat top might be convenient, but people who cook don’t like electric stoves. Gas is much much preferred. And if you don’t have a gas line behind the stove, this is probably a deal killer for many people.
- Electric heater: how is this cheaper to operate than a gas heater? I have never heard anything that supports electric heating as being the cheaper alternative for heating the same amount of space
- Showers: Such a big shower, but no tub and the glass does not enclose the shower. kind of a waste of space if you don’t make it a tub. The master bath is pretty big – I think most people would prefer a tub and a smaller shower. The huge shower seems impractical
- Lack of bathroom storage – Master bath is big, but there is no built in storage due to the pedestal sinks. and the closet in the master bath has the ugly water heater, so you can’t use that for storage. seems like a waste of space in the bathroom.
- Kitchen backsplash – the kitchen backsplash tiles seem weird because they go past the cabinets but not all the way to the end of the wall. they just seem weird

- quartz countertops – i know they are sturdier than granite or marble, but the white quartz just doesn’t seem very attractive to me. maybe another color/pattern that looks more like granite?
- bamboo floors – do people really like these? i personally find them unattractive. bamboo planks have these little black specks at the end of every plank. may just be a preference thing, but i’d rather they imitated hardwood better
-bathroom fixtures: they look really dull and rusty for some reason. don’t know if it is because they are eco-friendly, but they are unattractive.
-gym/children’s playroom – the gym is a good size. most guys i know like having a bench press and free weights in addition to all-in-one machines. kinda weird to have the playroom inside the gym. I for one would not like to hear screaming kids while I workout and would not like having kids accidentally run out of the playroom and into the gym.

These are my thoughts, if you hear similar feedback, that might be something to think about for the next development. The electric stove, water heater and waste of space weird showers are deal killers for me.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-2#comment-19943 Anonymous Sun, 24 Jan 2010 03:28:05 +0000 http://www.liqcity.com/?p=12185#comment-19943 To #50, check out the chart at the bottom of this webpage, and pay attention to the "Electric" water heater column: http://www.bgehome.com/baltimore_gas_water_heaters_electric_hot_water_heaters_installation_replacement_maryland_md.php?section=whatToLookFor To #50, check out the chart at the bottom of this webpage, and pay attention to the “Electric” water heater column:

http://www.bgehome.com/baltimore_gas_water_heaters_electric_hot_water_heaters_installation_replacement_maryland_md.php?section=whatToLookFor

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-2#comment-19941 Anonymous Sat, 23 Jan 2010 23:50:01 +0000 http://www.liqcity.com/?p=12185#comment-19941 I've been reading all the comments regarding my building, Solarium. Yes, I'm the developer of this building. By the way, I like to thank LIQCity for doing a piece on us. Most of the people in the area know of me since i've been living and developing in LIC, for around 15 years. We have been developing buildings in LIC way before the rezoning was passed. Our goal was to help improve the area where my wife and I live. I came on here to address some misconceptions people might have of my building, Solarium. To #49, I'm sorry you didn't find out building to your liking due to our hot water heaters. It's tough to design and build a building to everyones liking. The hot water heaters in our building are more than enough to handle a 2bath / 1kitchen / 1laundry. We have these things researched and approved by the NYC Building Dept. (Plumbing Division), building's engineer, and National Home Asso. for Builders. These things are not something we pull out of the air. They are actually used in other projects that give us the facts. I just wanted to clear things up on that matter. Again, sorry my building wasn't for you, but maybe the next one I'm working on will be. The National Home Assoc. is working with us on making a better/greener building for our community& buyers. The tests they have run in our building has us rated 20%-25% more efficent than most buildings in NYC. We are actually proud that we're able to pass this on to you. One of our other buildings, Prestige, which some of you might know, is all electric just like Solarium. Our buyers ConEd bills are between $150-$200 a month. My bills at where I live is $450. This is due to the fact that i have gas & electric. This one main reason is why I switched my other buildings to electric. My buyers at Prestige are very happy with the system, which makes me happy that I've done well. It's all about saving cost down the line. When we design our buildings we like to ask our previous buyers what is it that you like or hate about our building. We take that info and apply it to our next development project. Now, it's tough to try and please everyone out there, but we do our best. One of my points are always take a unit in each of my buildings. This allows me to stay close with my buyers. They get to know me and ask questions on upgrading their units or expanding on them. It keeps it personnal. If there are any questions you might have, feel free to ask. Thanks I’ve been reading all the comments regarding my building, Solarium. Yes, I’m the developer of this building. By the way, I like to thank LIQCity for doing a piece on us.

Most of the people in the area know of me since i’ve been living and developing in LIC, for around 15 years. We have been developing buildings in LIC way before the rezoning was passed. Our goal was to help improve the area where my wife and I live. I came on here to address some misconceptions people might have of my building, Solarium.

To #49, I’m sorry you didn’t find out building to your liking due to our hot water heaters. It’s tough to design and build a building to everyones liking. The hot water heaters in our building are more than enough to handle a 2bath / 1kitchen / 1laundry. We have these things researched and approved by the NYC Building Dept. (Plumbing Division), building’s engineer, and National Home Asso. for Builders. These things are not something we pull out of the air. They are actually used in other projects that give us the facts. I just wanted to clear things up on that matter. Again, sorry my building wasn’t for you, but maybe the next one I’m working on will be.

The National Home Assoc. is working with us on making a better/greener building for our community& buyers. The tests they have run in our building has us rated 20%-25% more efficent than most buildings in NYC. We are actually proud that we’re able to pass this on to you. One of our other buildings, Prestige, which some of you might know, is all electric just like Solarium. Our buyers ConEd bills are between $150-$200 a month. My bills at where I live is $450. This is due to the fact that i have gas & electric. This one main reason is why I switched my other buildings to electric. My buyers at Prestige are very happy with the system, which makes me happy that I’ve done well. It’s all about saving cost down the line.

When we design our buildings we like to ask our previous buyers what is it that you like or hate about our building. We take that info and apply it to our next development project. Now, it’s tough to try and please everyone out there, but we do our best. One of my points are always take a unit in each of my buildings. This allows me to stay close with my buyers. They get to know me and ask questions on upgrading their units or expanding on them. It keeps it personnal.

If there are any questions you might have, feel free to ask.

Thanks

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19939 Anonymous Sat, 23 Jan 2010 21:17:35 +0000 http://www.liqcity.com/?p=12185#comment-19939 I have a 40 gallon tank and it has never run out of hot water. You do not do the laundry, shower (twice), use the sinks etc.. all at the same instant of time. Hot water tanks are designed to recover quickly. Otherwise homes with 5 person family would need a 100 gallon tank to support your story. I have a 40 gallon tank and it has never run out of hot water. You do not do the laundry, shower (twice), use the sinks etc.. all at the same instant of time. Hot water tanks are designed to recover quickly. Otherwise homes with 5 person family would need a 100 gallon tank to support your story.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19930 Anonymous Sat, 23 Jan 2010 01:00:28 +0000 http://www.liqcity.com/?p=12185#comment-19930 Thought I'd chime in. A properly heated 10-minute shower uses 20 gallons of HOT water, in ADDITION to cold water on top of that. If you include cold water, the average 10-minute shower probably uses 30-40 gallons of water (hot and cold) total. Just google "average hot water shower" or check out "http://www.smarthotwater.com/howmuchuse.htm". If you want to talk about Al Gore, he'd be furious that Solarium was using electricity to heat the water and the stoves because heating things by electricity is less efficient than heating things by gas, so in the end, you're making a bigger carbon foot print on the environment since our electricity comes from burning gas, oil, or coal in some plant miles away. I have to think that #48 is related to the developer because there's no way a family of five could function on a 40-gallon hot water tank. Thought I’d chime in. A properly heated 10-minute shower uses 20 gallons of HOT water, in ADDITION to cold water on top of that. If you include cold water, the average 10-minute shower probably uses 30-40 gallons of water (hot and cold) total. Just google “average hot water shower” or check out “http://www.smarthotwater.com/howmuchuse.htm”. If you want to talk about Al Gore, he’d be furious that Solarium was using electricity to heat the water and the stoves because heating things by electricity is less efficient than heating things by gas, so in the end, you’re making a bigger carbon foot print on the environment since our electricity comes from burning gas, oil, or coal in some plant miles away. I have to think that #48 is related to the developer because there’s no way a family of five could function on a 40-gallon hot water tank.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19878 Anonymous Thu, 21 Jan 2010 15:45:38 +0000 http://www.liqcity.com/?p=12185#comment-19878 I agree with #47, I have a family of 5 (2 teenage girls!) and a 40 gallon tank and 3 bathrooms (plus laundry that the woman in #46 could never match). I never had hot water problems. You don't use 100% hot water from a tank for every shower. It is mixed with cold water. If you don't understand that, you need to educate yourself. Ask any plumber. I agree with #47, I have a family of 5 (2 teenage girls!) and a 40 gallon tank and 3 bathrooms (plus laundry that the woman in #46 could never match). I never had hot water problems. You don’t use 100% hot water from a tank for every shower. It is mixed with cold water. If you don’t understand that, you need to educate yourself. Ask any plumber.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19874 Anonymous Thu, 21 Jan 2010 13:28:28 +0000 http://www.liqcity.com/?p=12185#comment-19874 10 minute showers! So much for conserving energy? I guess people talk about "going green" but "god forbid" I have to give up my "10 min shower". (The average shower lasts less than 4 mins) Solarium probably has flow restrictors on the shower heads, so your 20 gallons of water calculation is well off. Call Al Gore and tell him the earth is doomed. 10 minute showers! So much for conserving energy? I guess people talk about “going green” but “god forbid” I have to give up my “10 min shower”. (The average shower lasts less than 4 mins) Solarium probably has flow restrictors on the shower heads, so your 20 gallons of water calculation is well off. Call Al Gore and tell him the earth is doomed.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19867 Anonymous Thu, 21 Jan 2010 01:09:53 +0000 http://www.liqcity.com/?p=12185#comment-19867 I visited Solarium and decided it wasn't for me when I saw the tiny electric 30 gallon water tank in all the units (including two bedrooms!). A 10-minute shower takes 20 gallons of hot water. That means if my boyfriend and I take 10 minute showers, we've used up all the hot water in the apartment. Forget about having overnight guests over, and forget about doing laundry and taking a shower at the same time. I visited Solarium and decided it wasn’t for me when I saw the tiny electric 30 gallon water tank in all the units (including two bedrooms!). A 10-minute shower takes 20 gallons of hot water. That means if my boyfriend and I take 10 minute showers, we’ve used up all the hot water in the apartment. Forget about having overnight guests over, and forget about doing laundry and taking a shower at the same time.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19857 Anonymous Wed, 20 Jan 2010 13:31:19 +0000 http://www.liqcity.com/?p=12185#comment-19857 Hey George, you are obviously a person with simple ambitions in life. Lifetime renter, which is ok. Don't comment then on people trying to better their future by buying and owning a home. Your landlord will one day sell, give his home to a relative or just die. When that happens you will not have such a good deal. That scenario is more likely than NYC (this is not FL,NV,AZ etc..) losing real estate values like you mentioned. It has not happened yet, so why later? There are people who make things happen and those who wait and have things happen to them. You are the later. Nothing wrong with that, but get off of the real estate condo blog. Hey George, you are obviously a person with simple ambitions in life. Lifetime renter, which is ok. Don’t comment then on people trying to better their future by buying and owning a home. Your landlord will one day sell, give his home to a relative or just die. When that happens you will not have such a good deal. That scenario is more likely than NYC (this is not FL,NV,AZ etc..) losing real estate values like you mentioned. It has not happened yet, so why later?
There are people who make things happen and those who wait and have things happen to them. You are the later. Nothing wrong with that, but get off of the real estate condo blog.

]]> By: george http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19841 george Tue, 19 Jan 2010 06:57:04 +0000 http://www.liqcity.com/?p=12185#comment-19841 I drove by Hunters point and L haus tonight around 8pm over the pulaski brigde... Does anyone live there...geez it looked like 90% of both were EMPTY..... So much for the people want to LIVE THERE joke. I drove by Hunters point and L haus tonight around 8pm over the pulaski brigde…

Does anyone live there…geez it looked like 90% of both were EMPTY…..

So much for the people want to LIVE THERE joke.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19840 Anonymous Mon, 18 Jan 2010 22:52:41 +0000 http://www.liqcity.com/?p=12185#comment-19840 OHP is 70% sold and just got FHA approval( so as Hunters View), so it's only requires 3.5% down and it will attract a lots people. Solarium is nice, but if you have to wait for 70% sold to get your mortgage, you have a long time to go. OHP is 70% sold and just got FHA approval( so as Hunters View), so it’s only requires 3.5% down and it will attract a lots people. Solarium is nice, but if you have to wait for 70% sold to get your mortgage, you have a long time to go.

]]> By: george http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19830 george Sun, 17 Jan 2010 20:36:18 +0000 http://www.liqcity.com/?p=12185#comment-19830 YES and I will still be happy not to own... The Tax deductions are mostly a LIE....most people do not pay enough in interest and RE taxes to Itemize deduction.... So you WANT high interest rates which will be far more then the standard deduction and then the tax breaks kick in.... But then High Interest rates means LOW home prices.... Do the math ------------------------------------------ When rates go up , anyone who thinks like you will remain in the same position you are today. YES and I will still be happy not to own…

The Tax deductions are mostly a LIE….most people do not pay enough in interest and RE taxes to Itemize deduction….

So you WANT high interest rates which will be far more then the standard deduction and then the tax breaks kick in….

But then High Interest rates means LOW home prices….

Do the math

——————————————
When rates go up , anyone who thinks like you will remain in the same position you are today.

]]> By: george http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19829 george Sun, 17 Jan 2010 20:12:57 +0000 http://www.liqcity.com/?p=12185#comment-19829 #39 You are right, but now what happens if that $500K apartment drops to $400K or less and you are still stuck with paying $3000 a month when the only renters with decent credit left after this debacle...offers you $2500..... And Yes i need mental care for finding a retired landlord with a paid off house 2 bedrooms for $1250 in LIC.... plus I can park in the driveway and never get an alt side ticket. Yes I really need to see a shrink so i can squander my money on a $3000 apartment. PS when that abatement ends and they have to pay FULL re taxes what do you think is going to happen to the price?????? down down down Its the total cost per month to live there and when that goes UP, the amount of new buyers/ renters goes DOWN ---------------------------------- George, you have to live somewhere #39

You are right, but now what happens if that $500K apartment drops to $400K or less and you are still stuck with paying $3000 a month when the only renters with decent credit left after this debacle…offers you $2500…..

And Yes i need mental care for finding a retired landlord with a paid off house 2 bedrooms for $1250 in LIC…. plus I can park in the driveway and never get an alt side ticket.

Yes I really need to see a shrink so i can squander my money on a $3000 apartment.

PS when that abatement ends and they have to pay FULL re taxes what do you think is going to happen to the price?????? down down down Its the total cost per month to live there and when that goes UP, the amount of new buyers/ renters goes DOWN

———————————-
George, you have to live somewhere

]]> By: Anonymous coward http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19827 Anonymous coward Sun, 17 Jan 2010 17:20:14 +0000 http://www.liqcity.com/?p=12185#comment-19827 Prices have skyrocketed 40% way past reasonable expectation over the past 5 or 8 years. Everything is crazy ridiculous overpriced. If prices drop 10%, its still 30% too much. It is still 5 times as expensive to live anywhere else if it were 500 psf. To buy in the solarium, you could just pay the same to live on the french rivera, on the beach, in a bigger apartment. Its idiotic. end of argument. (I hate nyc real estate) Prices have skyrocketed 40% way past reasonable expectation over the past 5 or 8 years. Everything is crazy ridiculous overpriced. If prices drop 10%, its still 30% too much. It is still 5 times as expensive to live anywhere else if it were 500 psf. To buy in the solarium, you could just pay the same to live on the french rivera, on the beach, in a bigger apartment. Its idiotic. end of argument. (I hate nyc real estate)

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19824 Anonymous Sun, 17 Jan 2010 05:15:14 +0000 http://www.liqcity.com/?p=12185#comment-19824 George, you have to live somewhere. Orange groves, apple vineyards ..... You need more than an economic lesson, you need some mental health care. You have issues with the modern world. Go live in an uninhabitated island and you won't have to worry about real estate being over built. I pay $3000. /mo for a 2 bedroom in L.I.C. ( I have a room mate) . A $500K loan at 6% interest over a 30 year term is less than what I pay in rent! One of the condo buildings (talked about in this blog) has a very low maint. and tax abatement . I can own for a little more than what I am paying in rent. In case of an emergency ,I can rent that out and pay my mortgage and still have a home to live in.(That is not SPECULATION) That is making good $ense. When rates go up , anyone who thinks like you will remain in the same position you are today. George, you have to live somewhere. Orange groves, apple vineyards ….. You need more than an economic lesson, you need some mental health care. You have issues with the modern world. Go live in an uninhabitated island and you won’t have to worry about real estate being over built. I pay $3000. /mo for a 2 bedroom in L.I.C. ( I have a room mate) . A $500K loan at 6% interest over a 30 year term is less than what I pay in rent! One of the condo buildings (talked about in this blog) has a very low maint. and tax abatement . I can own for a little more than what I am paying in rent. In case of an emergency ,I can rent that out and pay my mortgage and still have a home to live in.(That is not SPECULATION)
That is making good $ense. When rates go up , anyone who thinks like you will remain in the same position you are today.

]]> By: george http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19823 george Sun, 17 Jan 2010 02:16:25 +0000 http://www.liqcity.com/?p=12185#comment-19823 YES they should teach that at Harvard business schools....they are a Failure Get this once and for all..... Investment means cash flow POSITIVE a Speculation means cash flow NEGATIVE. The right price for housing is when you can rent it out in an emergency and at least break even let alone make $100-200 amonth By using that standard all these condos in LIC are still 40-50% overpriced...maybe $250 a sq foot will be the right price If you want to throw your money away on a mortgage that's fine with me.... I prefer to use a calculator, and not listen to high school dropout real estate agents You didn't know that....you don't even need a HS diploma to be an agent or broker... And NO buying land will cost LESS it was the cheap interest that made land more expensive. Plus the Biggest Fallacy was they are not making more land Just what was this bubble about ???????? making more land by cutting down orange groves apple vineyards, wooded areas, destroy production in order to clear more land for McMansions.... Its all been a great big lie....and they never taught that at Harvard did they?? ---------------------------- . If I get your logic high interst rate = low sales cost(lower real estate prices). Maybe you should teach that at Harvard business school YES they should teach that at Harvard business schools….they are a Failure

Get this once and for all….. Investment means cash flow POSITIVE
a Speculation means cash flow NEGATIVE.

The right price for housing is when you can rent it out in an emergency and at least break even let alone make $100-200 amonth

By using that standard all these condos in LIC are still 40-50% overpriced…maybe $250 a sq foot will be the right price

If you want to throw your money away on a mortgage that’s fine with me…. I prefer to use a calculator, and not listen to high school dropout real estate agents

You didn’t know that….you don’t even need a HS diploma to be an agent or broker…

And NO buying land will cost LESS it was the cheap interest that made land more expensive.

Plus the Biggest Fallacy was they are not making more land

Just what was this bubble about ???????? making more land by cutting down orange groves apple vineyards, wooded areas, destroy production in order to clear more land for McMansions….

Its all been a great big lie….and they never taught that at Harvard did they??
—————————-
. If I get your logic high interst rate = low sales cost(lower real estate prices). Maybe you should teach that at Harvard business school

]]> By: 37 http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19821 37 Sat, 16 Jan 2010 17:21:48 +0000 http://www.liqcity.com/?p=12185#comment-19821 George, your view is off point. The tax abatements spurs building and development of properties and areas that otherwise would not be built, because of high development costs. George, your view is off point. The tax abatements spurs building and development of properties and areas that otherwise would not be built, because of high development costs.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19820 Anonymous Sat, 16 Jan 2010 16:47:31 +0000 http://www.liqcity.com/?p=12185#comment-19820 I was excited to see Solarium come up, though I am happy with renting I would like to see a building other than the View where I would consider buying. But then looking at the floorplans, it looks like (at least in the two bedrooms) there are no bathtubs. And maybe it's just me but that's a huge dealbreaker. Their kitchens are nice though, which is usually the weakest point in most of the other condos. I was excited to see Solarium come up, though I am happy with renting I would like to see a building other than the View where I would consider buying. But then looking at the floorplans, it looks like (at least in the two bedrooms) there are no bathtubs. And maybe it’s just me but that’s a huge dealbreaker. Their kitchens are nice though, which is usually the weakest point in most of the other condos.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19816 Anonymous Fri, 15 Jan 2010 22:11:50 +0000 http://www.liqcity.com/?p=12185#comment-19816 To #33: (from the student) Your ability to write a cohesive thought has a lot to be desired(speaking of a low GPA). If I get your logic high interst rate = low sales cost(lower real estate prices). Maybe you should teach that at Harvard business school. Higher interest rates make the cost to build higher. Also, buying land will be more costly( again getting loans at higher interest rates). Guess what, Einstein, labor will rise because the cost of living will be higher. Try buying in that environment. Inflation is coming and you can not earn enough money to keep up with it. That is why you buy stocks , real estate and other investments to offset those issues. Economics 101 To #33: (from the student) Your ability to write a cohesive thought has a lot to be desired(speaking of a low GPA). If I get your logic high interst rate = low sales cost(lower real estate prices). Maybe you should teach that at Harvard business school. Higher interest rates make the cost to build higher. Also, buying land will be more costly( again getting loans at higher interest rates). Guess what, Einstein, labor will rise because the cost of living will be higher. Try buying in that environment. Inflation is coming and you can not earn enough money to keep up with it. That is why you buy stocks , real estate and other investments to offset those issues.
Economics 101

]]> By: george http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19808 george Fri, 15 Jan 2010 18:53:18 +0000 http://www.liqcity.com/?p=12185#comment-19808 #29: The majority of people are really stupid in America...All the tax rebate did was to INCREASE the sales price 20-30% So the builders were laughing all the way to the bank. I'll bet either most of the people will default 10 years down the road when they have to pay Full taxes.....and even worse a new buyer will pay LESS knowing the abatement will be over in a few years. Nice Scam to stick it to the pretentious "rich" people and their exotic loans. Tax abatement should have worked the other way No tax abatement's for any apartments over $200,000 ------------------------------------------- I sincerely hope the abatement program doesn’t happen again and isn’t needed. #29:

The majority of people are really stupid in America…All the tax rebate did was to INCREASE the sales price 20-30% So the builders were laughing all the way to the bank.

I’ll bet either most of the people will default 10 years down the road when they have to pay Full taxes…..and even worse a new buyer will pay LESS knowing the abatement will be over in a few years.

Nice Scam to stick it to the pretentious “rich” people and their exotic loans.

Tax abatement should have worked the other way No tax abatement’s for any apartments over $200,000

——————————————-
I sincerely hope the abatement program doesn’t happen again and isn’t needed.

]]> By: Dave http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19807 Dave Fri, 15 Jan 2010 18:43:56 +0000 http://www.liqcity.com/?p=12185#comment-19807 #33 your GPA must really be LOW...if you think its a good time to buy.... We want interest rates to skyrocket...because any smart economics student would know you want to LOWEST sales price you can get. the people that made a fortune bought back in 82. when mortgages was 15% and up....... But then your poor schooling is whats at the heart of the bubble, you don't have a clue how to use a calculator. And millions of others didn't either. #33 your GPA must really be LOW…if you think its a good time to buy….

We want interest rates to skyrocket…because any smart economics student would know you want to LOWEST sales price you can get. the people that made a fortune bought back in 82. when mortgages was 15% and up…….

But then your poor schooling is whats at the heart of the bubble, you don’t have a clue how to use a calculator. And millions of others didn’t either.

]]> By: Anonymous http://www.liqcity.com/real-estate/development-profile-lics-condo-scene-goes-green-with-the-solarium-condos/comment-page-1#comment-19805 Anonymous Fri, 15 Jan 2010 17:30:44 +0000 http://www.liqcity.com/?p=12185#comment-19805 I am student (economics), and I have been renting in LIC for over a year now. The federal government has to find a way to pay for two wars, baling out private financial instituitions and figuring out how to pay for a national health care program. Where are they going for that revenue? NYS 's government is a disaster as well. We will pay with our hard earned money in increased taxes. Buying a home now makes more sense now than ever before, and the window is closing. Interest rates will go up this summer (who knows how fast) and that means your dollar will not go as far in the future as it will today. Real estate is a hedge against inflation. Judging from what everyone is saying, tax abatement is over for any new buildings(making the ones that have it now ,more valuable). I hope to get money from relatives for a down payment and put it into one of these L.I.C. condos soon . I am student (economics), and I have been renting in LIC for over a year now. The federal government has to find a way to pay for two wars, baling out private financial instituitions and figuring out how to pay for a national health care program. Where are they going for that revenue? NYS ’s government is a disaster as well. We will pay with our hard earned money in increased taxes. Buying a home now makes more sense now than ever before, and the window is closing. Interest rates will go up this summer (who knows how fast) and that means your dollar will not go as far in the future as it will today. Real estate is a hedge against inflation. Judging from what everyone is saying, tax abatement is over for any new buildings(making the ones that have it now ,more valuable). I hope to get money from relatives for a down payment and put it into one of these L.I.C. condos soon .

]]>