Comments on: The Manhattan income barbell http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: q http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9605 Thu, 03 Dec 2009 21:37:27 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9605 “flat income distribution” is a very silly and incorrect distillation of these parts of brooklyn. what you mean is that there are the same number of squares in each of the bins that the authors happened to use for their chart. high income earners are vastly over-represented in these areas compared to the rest of the country and the world.if you want a flat income distribution which is more representative, move to astoria.(resident of cobble hill (last 2 years), former resident of astoria (previous 7 years))

]]>
By: fatbear http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9571 Thu, 03 Dec 2009 17:10:19 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9571 In not a single neighborhood is the median income group anywhere between $23,000 and $192,000 for a family of four.Not so – median income per site he cited:Wash Hgts/Inwood – 31,100Central Harlem – 33,400East Harlem – 29,200UES – 178,000I stop there, because in ALL neighborhoods the median is between 23K and 192K – so what does Felix mean? Is it just a typo, and he meant to say that in no neighborhood was it outside that range???Felix?

]]>
By: kmc http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9556 Thu, 03 Dec 2009 15:46:06 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9556 I live in the Lower East Side on E. Houston St. If you eliminate the public housing in the area, the demographics would change drastically. The median income of the area would increase drastically. It’s the public housing that brings down the median income. The public housing may be found along Ave C, Ave D and from Pitt St to the FDR. There are a lot of public housing buildings in the area. I couldn’t imagine the cost it takes for the city to upkeep them every year – $5 Billion citywide annually. Could you imagine the cost if the city had to rebuild public housing? Just think of the size of those buildings!

]]>
By: right http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9532 Wed, 02 Dec 2009 22:05:42 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9532 Sandrew,Felix means “mode” not “median”.Certainly if you chose a place to live just by looking at the chart, you’d probably end up in the Brooklyn Heights/Fort Greene neighborhood, which comes the closest to having an even income distribution.I would think you would choose a neighborhood that matches your own income both presently and in the future.

]]>
By: caveat bettor http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9525 Wed, 02 Dec 2009 20:27:10 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9525 Overlaying net income after taxes would be helpful. I suspect if Felix ever finds himself carrying a family of four in Manhattan and fulfills his legal tax obligations, he will not feel close to rich at $192k per year pre tax.

]]>
By: Mike http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9521 Wed, 02 Dec 2009 19:32:34 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9521 If by “even income distribution” you mean what is usually called “diversity,” you’re referring to something that many will say they want, but their residential choices indicate otherwise.

]]>
By: najdorf http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9518 Wed, 02 Dec 2009 18:52:00 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9518 Brooklyn Heights and Fort Greene are demographically very different – there are essentially no cheap BH apartments whereas Fort Greene is at least near cheap apartments and realtors will certainly try to sell you cheap apartments in their delusionary concept of “Fort Greene”. As a result BH is white people/Manhattan worker land and Fort Greene is a cross section of Brooklyn demographics and income levels. If you care about mingling with a variety of people at your coffeeshop and don’t mind living in a neighborhood with a heightened rate of property crime (perhaps due to income disparities?), Fort Greene is your place. Bear in mind that BH has essentially always been a nice neighborhood while every other Brooklyn neighborhood has gone through cycles of popularity and wealth. Anyone who invested in condos in “East Williamsburg” or “My realtor called it Fort Greene/Clinton Hill but my neighbors think they live in Bed-Stuy” or is working on building and selling a “Park Slope” building along 4th Ave (aka Gowanus/almost a highway) knows that marginal neighborhoods subject you to a lot of reappraisal risk.Also remember that income numbers may well be under-reported. If you live in a neighborhood where the prevailing rents don’t correspond to reported incomes (hi EV/LES/Chinatown), consider what percentage of people are family-sponsored or have illegal income. I can’t imagine there’s a restaurant in the world where all income is reported, and certainly not in Manhattan. That’s before you even get to the really illegal stuff.

]]>
By: wcw http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9517 Wed, 02 Dec 2009 18:35:12 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9517 What’s the data source here? The best income microdata I know are the nonpublic ACS numbers — did they get those somehow? Otherwise, you’re stuck with PUMAs which don’t map so well to neighborhoods, and are too big anyhow (~400k people apiece as I recall).

]]>
By: David http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9516 Wed, 02 Dec 2009 18:33:37 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9516 Two comments:- why exactly is “flatness of income distribution” an interesting or relevant factor in deciding where to live? You get a warm, fuzzy feeling from knowing that there are roughly equal numbers of poor, middling and rich folks within 50 blocks? You expect that your own degree of prosperity is going to fluctuating a lot (but you don’t expect to move), so you want to have a broad range of restaurant, shopping and entertainment options across price levels nearby just in case?- a division of Manhattan into nine pieces makes the pieces so large that calling them “neighborhoods” is fairly ridiculous. The Upper West Side piece has a population of at least 200,000!

]]>
By: Sandrew http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/comment-page-1/#comment-9508 Wed, 02 Dec 2009 16:39:04 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/the-manhattan-income-barbell/#comment-9508 “In not a single neighborhood is the median income group anywhere between $23,000 and $192,000 for a family of four.”Huh?

]]>