The Price of Nice Nails

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The typical cost of a manicure in the city helps explain the abysmal pay. A survey of more than 105 Manhattan salons by The Times found an average price of about $10.50. The countrywide average is almost double that, according to a 2014 survey by Nails Magazine, an industry publication.

With fees so low, someone must inevitably pay the price.

Ever wonder why getting you nails done in NYC is cheaper then just about everywhere else?  Doesn’t it seem incredible that one of the most expensive cities in the US could have a service that is cheaper then almost anywhere else?  This is a great expose in the NYT about how workers are exploited.
I particularly liked this map showing the number of Starbucks vs. nail shops:
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Source: The Price of Nice Nails

Buy or Rent?

Is it better to rent or buy?

The NY Times has a great interactive calculator for evaluating the trade-offs of buying vs. renting. It looks to cover everything:

  • House Price
  • Interest rates
  • Length of mortgage
  • Downpayment
  • Planned time to occupy
  • Future rental rates
  • Housing market expected increases
  • Taxes
  • Maintenance fees

It produces a number like:

If you can rent a similar
home for less than …
$961 PER
MONTH
… then renting is better.

Is It Better to Rent or Buy NYTimes com

Does it make sense to buy a house?

Here’s a great interactive graphic from Trulia.com that shows the ratio of renting to buying. The ratio is how many years of paying before you paid full price for an equivalent house. This data is comparing the median list price with that of a two bedroom apartment.

For example, in NYC renting is so much better that you’d pay rent for 39 years before you’d paid the amount the house costs. A good estimate is the rent-to-price ratio should be about 17:1.
The size of the circle shows how much the rent is (e.g. bigger circle means more rent). The color indicates the ratio (e.g. red means better to rent; green means better to own).

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