Unintentionally commenting on the distribution of wealth and income in today’s
America the New
York Times provides details on how a Manhattan
couple had to search and struggle to find suitable housing. Their problem, they only had $1 million or so
to spend on buying an apartment. It’s
not that Nicole and Brent Ferrin were in horrible housing in their rental unit.
|Nicole and Brent Ferrin - Just Your Average Couple Finally Happy in a $1.2 million Condo|
For four years, Nicole and Brent Ferrin were happy in their rented apartment in a postwar high-rise building on
Murray Street in TriBeCa. They paid
around $4,000 a month for a loftlike one-bedroom with around 1,200 square feet.
They especially liked their two bathrooms.
But the hardships were very real, the kind that all working class families suffer from.
Despite their rental’s large size, it didn’t have sufficient closet space. Mr. Ferrin’s bag of golf clubs always sat in full view, standing upright behind a couch in a corner of the a living room.
“It drove me bonkers,” Ms. Ferrin said.
So after a long search which must have been terribly hard on the couple they found suitable housing. One hopefully where his golf clubs (who plays golf in lower Manhattan?) have a home of their own.
At another converted office building, 75 Wall Street, the condominium atop Hyatt’s Andaz Wall Street Hotel, they came upon a one-bedroom with a refreshingly normal layout. The 1,100-plus square feet allowed for a home office, plenty of closet space, two bathrooms and a kitchen open to the large living room.
“Their faces lit up when they saw the island for the kitchen,” Ms. Stein said.
The price was $1.2 million, with monthly charges in the low $1,300s. The couple paid $1.17 million and arrived in mid-September a few weeks before Hurricane
So just like every other middle class American family that lives in a $1.2 million condo with a monthly fee of $1,300.00 the Ferrin’s are now a happy couple.
They appreciate the building’s many amenities, including the rooftop lounge, where they recently held Mr. Ferrin’s 30th birthday party. They sometimes indulge in room service, ordering breakfast from Wall & Water, the restaurant downstairs.
And no, this reporting is not to disparage the Ferrin’s, who would seem to be basically nice and decent people, but it is to disparage a society that denies decent housing and health care to millions while at the same time accommodating people who need to and can spend over $1 million for a 1,100 square foot condo. Because on about the same day that this story appeared the state of
decided to deny Medicaid expansion to over 500,000 low income residents, claiming
the state just could not afford to do so, even though the cost was covered by
the Federal government.