Key West Real Estate Throwback Thursday No. 19

From September 30, 2016

Knowing the Value of Money

 

I was in New York City a few weeks ago during a truly unbearable hot spell. I had no idea how hot the city gets in the summer. I know now and won't repeat my mistake. I made my way to China Town for Dim Sum then walked around in Little Italy wishing I had gone there instead. Later I found my way over near the Flatirons Building when I passed the ancient ATM machine pictured above.  It looked like a cousin of R2D2 or some patron of the STAR WARS bar. And that reminded me of a dinner in I had in Key West a year earlier. 

In February 2015 I  had dinner with a couple of New Yorkers who were friends of a friend before the four of us went to see NEXT FALL at the Waterfront Theater. I had not met this gay couple before that night, but after listening to them speak for a short time I assumed they are among the 1%. If they aren't, they are pretty close. One is a writer and the other is a really Big Shot at one of the big three television networks. I remember asking the TV executive about the cost of living in the city. I referenced BRAVO's Million Dollar Listing New York and asked what regular people had to pay for housing. He said a million dollars minimum. I tried to clarify my question by referring to busboys, bartenders, sales clerks at Macy's, and people that work for tips or an hourly wage. He restated his answer:  a million dollars. I said that can't be right. He insisted it was.

Now I know busboys and shoe salesmen at Macy's can't afford to pay a million dollars for a place to live. I am sure they rent - I just don't know where or how much they pay. But that's not the point. I wondered what kind of reality must these two men live in to not understand that real people can't afford to live in a million dollar universe.

I have had the same feeling about most of those yo-yos in congress and candidates who think there is no need to raise the minimum wage. I haven't been paid an hourly wage since my third year in college - that was a very long time ago. I still remember making decisions on what I could afford to buy to eat based on how long I had to work to pay for it.  I can't imagine how difficult it is for people who work for $7 or $8 per hour to pay for a place to live and feed their children.  In Key West you'll have to pay $3.99 for a loaf of bread and about $4.50 for a gallon of milk. That's more than a sales clerk on Duval Street makes after W2 deductions. I just don't get how people who have so much can have so little understanding of people who have have so little. It's as if the 1% live in an alternate reality not unlike the patrons of the STAR WARS bar.

If you are thinking of buying a place in Key West, please consider working with me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Key West. I am grounded in reality and know the value and limitations of money.

 

Update Marcy 25, 2021. I met with a couple I sold a fixer house to a few years ago. The place is finally done. It looks great. It cost more than they planned. I warned them. But it worked out. They told me they laughed at something I kept telling them "It's only money!"  I realize money really is a big deal. Not to the rich. They piss it away. Money means a whole lot to people who have to work for it to take care of themselves and their kids. 

I wish I could go back to New York, heat and all. I miss the theater, restaurants, looking up, looking down, fearing subways, getting annoyed by just about everybody.