For Richer or Poorer, to Our Visa Card Limit. Wedding bills are weighing down couples and their parents, and many have been forced to seek financial counseling. Ahhh, weddings.  They bring a tear to my eye just thinking about them and the incredible amount of debt that people rack up because of them.  For some reason people seem to equate lavish weddings with lavish lives together, and this is far from the truth.  The "big day" really is the easiest part of a marriage, and easily the least fun.  Why spend all your money on it?  I look at the things that Audrey and I have been able to do as the result of our small wedding and can't think that we missed anything as a result of it.  via [New York Times: Business]
1:18:35 PM  #  

Earnings Are Worse Without the Icing. Because the quality of earnings has declined so significantly, investors should view every profit report with some suspicion.

It always amazes me the kinds of things that some companies will put into their earnings reports.  It also amazes me that even though the income statement may be the thing that is easiest to manipulate, investors base most of their decisions off of it.  I guess it's not that big of a deal since the vast majority of Wall Street folks are honest, hard working people who have your best interest at heart ;)

via [New York Times: Business]

12:58:58 PM  #  

Residential Sales. Manhattan CHELSEA$1.275 million 252 Seventh Avenue (24th Street) (Chelsea Mercantile) 2-bedroom, 2-bath, 1,510-sq.-ft. condo in a renovated pre-World War II building; 24-hr. doormen, concierge; renovated kitchen and baths, 11-ft. ceilings, hardwood floors, washer/dryer, central air-conditioning, health club in building; common charge $713; taxes $7,296; listed at $1.275 million, 10 weeks on market (broker: Corcoran Group)

UPPER EAST SIDE$400,000 404 East 66th Street (Harden Brook House) 1-bedroom, 1-bath, 740-sq.-ft. condo in a post-World War II building; 24-hr. doormen; renovated kitchen; common charge $345; taxes $3,600; listed at $420,000, 10 weeks on market (broker: David Day Real Estate)

UPPER EAST SIDE$770,000 150 East 69th Street (Imperial House) 1-bedroom, 2-bath, 1,489-sq.-ft. co-op in post-World War II building; 24-hr. doormen, concierge, staffed elevator; large entry foyer, dining room, health club and garden in building; maintenance $1,579, 60% tax-deductible; listed at $810,000, 3 weeks on market (broker: Charles H. Greenthal)

UPPER WEST SIDE$365,000 23 West 73rd Street (Park Royal) 1-bedroom, 1-bath, 675-sq.-ft. co-op in a pre-World War II building; 24-hr. doormen, concierge; windowed bath; maintenance $696, includes gas and electricity, 50% tax-deductible; listed at $379,000, 8 weeks on market (broker: Heron Residential)

STRIVERS ROW$870,000 215 West 136th Street 2-family, 4-story brownstone; 2,200-sq.-ft. open-space owner's triplex; one-bedroom, one-bath floor unit on garden floor; rear garden, 17-by-100-ft. lot; taxes $1,878; listed at $899,000, one year on market (broker: Willie Kathryn Suggs) Bronx

And people wonder why I love H-Town so much.  Sure it's not New York City, but its got a rocking night life, some of the best local bands around, and easy access to everything a person could want.  Oh yeah, and the best Mexican food in the world.  Period.  via [New York Times: Home and Garden]

12:46:25 PM  #