Julio’s Musings Around Columbia County, New York

Even with the current economic turmoil, New York City continues to grow skyward as the photo of the luxury condo nearing completion near Madison Square Park testifies to. Not sure of the starting prices or the penthouse prices but I am sure the average will be in the multi-million range for both 1 and 2 bedroom apartments. This building was already skyward when the collapse of the economy became noticeable late in 2008 but there are many other large buildings financed and under-construction to keep those who enjoy straining their necks upward active for quite a number of years.
And who is going to occupy these gleaming new condo units high above “The City”? I don’t know but if the reports from the NY Times and other news outlets are correct, it appears Wall Street renumerated itself quite well this past year to the tune of over $18 Billion in Bonuses.
A sharp downturn from the colossal figure for 2007 but still enough to soak up quite a number of high-priced units coming on the market soon!

[tags]New York City, Julio Hernandez-Miyares[/tags]

Wow! Almost one month since my last post! In that time I haven’t until yesterday even made a twitter. No Flickr photo uploads, Nothing! Comes a point when one is just to busy with other things to stay current with all of these Internet activities. It’s almost as though I am back in the dark ages of the ’90′s. Luckily work continues but at an accelerated pace though folks in the greater network fall victim to layoffs and such. Accelerated as people feel the need to justify themselves and somehow squeeze something of value (revenue is all that is valuable at the moment). On the other side, squeezing costs out is the mantra. Do more with less. This is legitimate and one of the benefits of a downturn or recession as the excesses of the good times force people and businesses to reflect and adjust to what is truly necessary. Nevertheless it makes for quite an austere existence when even a pizza pie is considered excess. There is more to life and work then just getting by.

In New York City the shells of new skyscrapers still rise slowly but the number of open lots for what were to be new skyscrapers pre November 2008 multiply like weeds. Thankfully we will have the site of the hallmark of the Ground Zero reconstruction to focus our attention over the next few years. Who knows about anything else in that pit.

[tags]Julio Hernandez-Miyares[/tags]