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Archives for July 2015

How to Buy a Boat: Part II

October 25, 2017 By E.J. Smith

Once you decide you want a boat you need to decide what kind of boat: Power or Sail. I have a ton of memories from sailing as a kid. One that stands out is a re-occurring daydream I’d have. It would often happen while we were sailing out in what felt like the middle of nowhere—not a single boat in sight, a light breeze, barely moving. And I would think: How cool would it be to have a powerboat! Don’t get me wrong. Becky and I love sailing, especially on my parent’s boat Sunset. It’s moored in Mattapoisett—an idyllic location for cruising to the Elizabeth Islands and Martha’s Vineyard. … [Read more...]

The $2 million Apartment

July 1, 2015 By Jeremy Jones, CFA

Bloomberg reports that Manhattan apartment prices hit a record in the second quarter. The average sale price of a Manhattan apartment is a staggering $1.87 million. The average price of a luxury apartment is $8.18 million—a 13% increase over last year. Almost $2 million bucks for 1,200 square feet of living space—that’s more than 28X the median household income in Manhattan. Obviously the median household in Manhattan isn’t an apartment owner. Even for the folk who can scratch together a cool $375,000 for a 20% down payment, the monthly mortgage payment on the median Manhattan apartment is … [Read more...]

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