For all it's bad raps, I think pretty highly of Social Security. While a lot of people like to focus on its future insolvency and occasionally refer to it as a Ponzi scheme, I think the original idea behind it and the structure, were pretty solid. … [Continue reading] about SOCIAL SECURITY & PENSIONS
AFFORDABLE HOUSING: IT’S NOT JUST FOR THE POOR ANYMORE
Apartment 23D and apartment 24D are two identical units in Hunters Point South, New York City's largest affordable housing project in over thirty years. Both contain 1100 square feet, have two bedrooms, all new modern appliances, exquisite views, … [Continue reading] about AFFORDABLE HOUSING: IT’S NOT JUST FOR THE POOR ANYMORE
COLLEGE TUITION: NOBODY PAYS RETAIL, EXCEPT YOU
The increasing cost of college has been a headline topic for over twenty years. It basically goes something like this: annual college costs have risen x% a year, while the rate of inflation is only y% a year. For the sake of numbers let's use 3% … [Continue reading] about COLLEGE TUITION: NOBODY PAYS RETAIL, EXCEPT YOU
TAXES: “A SPECIAL PLACE IN HELL”
A little over a decade ago, I decided to take a very close look at the personal tax return that my accountant prepared for me. After scrutinizing it very thoroughly, what stuck out most in my mind was the recalculated dividend and capital gain rates … [Continue reading] about TAXES: “A SPECIAL PLACE IN HELL”
THE CRUSHING OF THE UPPER MIDDLE CLASS
Hunters Point South is thirty acres of prime waterfront property directly across the East River from Manhattan in Queens, New York. Until a year ago, it arguably could have been considered the most valuable piece of land in America ((Here's the math … [Continue reading] about THE CRUSHING OF THE UPPER MIDDLE CLASS