NYC

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).

Grab 001 1

NYC · Politics

Unemployment — not if you caused the crisis!

So if you lost your firm billions of dollars, laid off tens of thousands and indirectly caused millions to lose their jobs and drove the unemployment rate to 10.3% well, the good news is it didn’t cost you your job! 92% of management in TARP funds recipients still have their jobs!
From A Fair Deal for Taxpayer Investments:

The executive leadership of the financial sector remain largely unchanged—92 percent of the management and directors of the top 17 recipients of TARP funds are still in office.

NYC

Population of the Five Boroughs

I saw a graph showing the population of the Five Boroughs: Manhattan, Bronx, Staten Island, Brooklyn, and Queens. I tracked the data to: NYC Population and NYC 2008 Population.
What I was surprised about is how the population of Manhattan has actually dropped over the years:
grab-001.png
Of course, it’s density that matters! Here’s the population expressed as 1000 people per square mile
grab-002.png
Wow! 72,000 people per square mile in Manhattan.

News · NYC · Politics · Technology

Closer to a new car?

It’s one step closer to happening! Getting a new car based on a trade in might actually happen. It hasn’t passed the House yet (much less the Senate) but the leadership of both parties agree on doing it.
From House Reaches a Deal on ‘Cash for Clunkers’ Program:

Under the House plan, a car trade-in that improves fuel efficiency by at least 10 miles per gallon would qualify for a $4,500 voucher, as would the trade-in of a small truck that improves efficiency by 5 miles per gallon. The new vehicle must have a minimum fuel efficiency rating of 22 miles per gallon for cars and 18 miles per gallon for small trucks.