Tag Archives: Pound Ridge Luxury Real Estate

A Bronx Rite of Passage: Jump 110 Feet Into The Harlem River | Pound Ridge Real Estate

 

C-Rock is a new documentary about a pastime that, for kids in the northwest Bronx, is “like a bar mitzvah.” Except that it entails jumping dozens of feet off of rocky cliffs into the Harlem River, where that waterway meets Spuyten Duyvil Creek. (It got its name because Columbia University athletes painted a big C on the rock face.) Fellow teens and Circle Line patrons bear witness to these daring dives, while older men—always men—reminisce about their plunges, which are virtually synonymous with adolescence. Director Jordan Roth spoke to Curbed about discovering the tradition, embedding himself with its practitioners, and what it was like to take the leap himself. Also, read on to find out how you can see the whole documentary.

Curbed NY: How did you first find out about this practice, both past and present?
Roth: The summer before we shot, I read a fantastic piece in the Times by Sam Dolnick about the tradition. I thought there must already be a doc about it because it immediately struck me as so cinematic. I researched more and was captivated by the whole thing.

It’s summertime fun, but people do get hurt >>

CNY: Explain the “levels” of cliff-jumping, to those who don’t know—the names of the different ledges, and all the rest.

Roth: There are jumping spots of varying heights along the cliff going from 25 feet up to about 110. The spots have names that are taken pretty seriously—some of them passed down from older generations. Also, some of the names are kinda dirty. Balls is at about 35 feet. (Editor’s note: you learn from the film that at that height, jumpers have to cover their, well, you know.)

C-Rock Documentary Daytime.JPG

CNY: What were a few of the most bizarre things you learned as you started to follow and interview the cliff-jumpers? Basically some highlights—bad, good, wild, whatever—of the production process.

Roth: What’s probably most surprising for people first learning about all this is that it is actually a tradition and that it does go back generations. But what I discovered while interviewing and following the guys was that everyone knows each other. I tapped into a network people of different ages and they all seemed connected by this place. That was amazing to me.

C-Rock Cliff.png
[Photo via Flickr/jag9889.]

There were so many highlights while shooting and discovering C-Rock. There were philosophies and strategies to jumping. There were anecdotes from earlier in the summer or from 40 years ago. Like, one kid in the late 60s landed badly and got a bruise all along the side of his body. He told his parents he was smacked with a broomstick. I heard a lot about the quality of the river water. It’s thankfully not bad now, but it was. Kids tried to avoid the “shit line” on the surface of the water.

There were also so many funny moments for us while shooting. The kids yelled ridiculous and terrible things to get each other to jump. Just them lounging on the rock, reminiscing, could also be hilarious. The rock face is sort of a summer afternoon home for them. Some guys leave shoes there, tucked away, because they prefer to jump in shoes. They’re like the Lost Boys, but with trash talk.

 

 

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http://ny.curbed.com/archives/2014/07/16/a_bronx_rite_of_passage_jump_110_feet_into_the_harlem_river.php

Here’s where Realtors expect home prices to grow the most | Pound Ridge Real Estate

 

Home price appreciation is slowing markedly, and a survey of members of the National Association of Realtors shows they generally expect home prices to increase in all states and the District of Columbia over the next 12 months, with most of the heavy growth in Florida, Texas, and California, among other states.

That’s the consensus from the May 2014 Realtors Confidence Index.

The median expected price increase is 4%.

Expected price movements depend on local conditions relating to housing demand and supply, demographics, and job growth, the survey says.

Click the map to enlarge.

The difficulty in accessing mortgage financing and modest expectations about overall economic and job prospects are factors underpinning the modest price expectation.

The expected price growth was highest (red) in states with low inventory levels, strong cash sales, and strong growth sectors (e.g., technology, oil).

 

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http://www.housingwire.com/articles/30552-heres-where-realtors-expect-home-prices-to-grow-the-most

Former Forbes Party Yacht Gets a High-Design Makeover | Pound Ridge Real Estate

 

item3.rendition.slideshowVertical.highlander-yacht-renovation-04-sky-lounge.jpgPhoto by Lisl Dennis/ Architectural Digest

Once treasured by the legendarily wealthy Forbes magazine publisher Malcolm Forbes, The Highlander has long been the decadent, floating setting for elite parties, fancy vacations, and—of course—some seriously expensive decor. Now owned by interior designer Joanne de Guardiola and her husband, Roberto, the yacht unfortunately no longer hosts as many flashy parties, but definitely looks better, trading in Wolf of Wall Street-esque eighties interiors (ok, it wasn’t actually as bad as that “sumptuous” ship) for sleek, modern style.

All aboard! >>

Done up in a colorful array of priceless artwork, designer pieces, and custom accents, de Guardiola’s take on the ship is cleaner, but still playful and slightly funky. The “sky room,” for example, pairs Brazilian blue onyx floors, angular Holly Hunt cocktail tables and couches, and rainbow-hued chairs. In the glassy dining room, there’s a mirrored dining room table and chairs upholstered in Missoni. Architectural Digest has the full tour, right this way.

 

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http://curbed.com/archives/2014/06/16/former-forbes-party-yacht-gets-a-highdesign-makeover.php

 

Where are Baby Boomers moving? Absolutely nowhere | Pound Ridge Real Estate

 

 

Some 10,000 Baby Boomers reach retirement every day, exiting a world dependent on jobs and kids and into a new lifestyle that drastically adjusts their housing choices, a commentary by Patrick Simmons, director with the Economic and Strategic Research Group of Fannie Mae, said.

The common perception is that the generation born between 1946 and 1964 is starting to downsize from suburban single-family homes to urban multifamily residences as they become empty nesters.

But this assumption is not true, and in fact, the truth is quite the opposite.

Simmons explained, “Despite these life transitions, one key metric of boomer housing consumption – the proportion of the population residing in a single-family detached home – has yet to decline.”

And instead of the downsizing perception, the percent of Baby Boomers residing in single-family detached homes was at least as high in 2012 as at any time since the onset of the housing crisis.

 

 

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Where are Baby Boomers moving? Absolutely nowhere

 

Enjoy a Rustic Vacation in This Cave-Like Renovated Stable | Pound Ridge Real Estate

 

Retreat-in-Tinos-Island-by-Ioannis-Exarchou_dezeen_784_11.jpgPhoto via Dezeen

At first glance, this modest, abandoned stable certainly doesn’t look like much of a holiday getaway spot, despite its location on the beautiful—and vacation home-packed— island of Tinos, Greece. Inside, though, Athens-based architect Ioannis Exarchou meticulously renovated the so-called Retreat to provide everything a couple on holiday might need, without any frivolous extras. “My main objective was to retain and preserve the cavernous unique feeling of the space,” says the architect. True enough, the building team focused on maintenance over changing the actual look of the stone dwelling, plastering only the interior walls, putting in new flooring, and patching up the dark (unwittingly trendy) exterior stonework.

Take a look inside. >>

The white plaster walls and concrete floor inside are hardly luxurious, but look undeniably cool and minimalistic. The lower level of the home is reserved for a sitting area and a small bedroom—with wooden cupboards, a sunken bed, and not much else in the way of furniture—while the upstairs offers a kitchen dotted with arched windows. Dezeen has the full gallery, this way.

 

 

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http://curbed.com/archives/2014/06/09/enjoy-a-rustic-vacation-in-this-cavelike-renovated-stable.php

 

Foreclosures skyrocket in Northeast, West Coast | Pound Ridge Real Estate

 

 

Foreclosures of all types were filed on 109,824 residential properties in May, a 5% decrease from the previous month and a 26% decrease from May 2013, which brought it to the lowest monthly level since the early days of the housing bubble and crash in December 2006.

The quick read – Northeastern and West Coast markets are having the most trouble with rising foreclosure activity, along with Chicago. The healthiest markets are in the flyover states, the sand states and the Sunbelt. Florida is still healing but still hurting.

The monthly RealtyTrac report also shows one in every 1,199 U.S. housing units with a foreclosure filing during the month.

Foreclosure activity recorded includes all default notices, scheduled auction and bank repossessions.

Despite the decrease in overall foreclosure activity nationwide, 21 states posted monthly increases in overall foreclosure activity, and 11 states posted annual increases in foreclosure activity.

The four major metros with the biggest increases are all northeastern and seaboard cities – Boston, New York City, Washington D.C, and Philadelphia. Boston increased 44%, New York 23%, and Washington D.C. and Philadelphia both 15% year-over-year.

 

 

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http://www.housingwire.com/articles/30258-foreclosures-skyrockets-in-northeast-west-coast

 

A Bland Condo Gets Color and Personality | Pound Ridge Real Estate

 

After spending almost a year exploring the real estate market in San Francisco, Eunice Chang finally found a place she could call home. Although the condo looked like a bachelor pad and was located in a nondescript 1990s building, it was on the top floor, and the building sat on a small side street straddling the city’s vibrant Castro and Mission districts. “I loved the idea of a walking neighborhood,” she says.

With a hands-on attitude, treasure-hunting know-how and an ongoing desire to improve her space, the homeowner filled the interior with meaningful pieces and a soothing palette of blues and neutrals. “I don’t know if my home will ever be done,” admits Chang, the lead user experience researcher at Opower. “Every time my friends come over, something at my place has changed.”

Houzz at a Glance
Who lives here: Eunice Chang
Location: Castro neighborhood of San Francisco
Size: 1,073 square feet (100 square meters); 2 bedrooms, 2 bathrooms
Year built: 1992

Down Payments Squeeze First-time Buyers | Pound Ridge Real Estate

 

It’s no secret that raising the cash for a down payment is the toughest hurdle first-time buyers face on the road to home ownership. For many, government programs like FHA, USDA Rural Development guaranteed loans, VA loans and down payment assistance programs sponsored by state and local housing authorities have made all the difference.

Yet requirements by lenders in the wake of the QM Rule and overall tighter loan-to-value ratio standards are taking their toll. Average down payments are rising again, making it tougher for millennials who may face student loans and other financial hurdles.

Fewer first time home buyers are putting low down payments, according to the latest Realtor Confidence survey. About 60 percent of first time home buyers put down 6 percent or less compared to about 74 percent in 2009. Realtors reported that buyers who pay cash or put down large down payments generally win against those offering lower down payments.. For buyers with sufficient financial resources, a higher downpayment also means saving on mortgage insurance premium payments.

Down payments have already increased when last year, when the media for first-time buyers was 5 percent for first-time buyers and 14 percent for repeat buyers, according to NAR’s Profile of Home Buyers and Sellers.

Last year first-time buyers used a variety of resources for the loan downpayment: 78 percent tapped into savings; 27 percent received a gift from a friend or relative, usually from their parents; and 7 percent received a loan from a relative or friend. Nine percent sold stocks or bonds and 8 percent tapped into a 401(k) fund. Among entry-level buyers who said that saving for a downpayment was difficult, 54 percent said student loan expenses delayed savings.

 

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http://www.realestateeconomywatch.com/2014/05/down-payments-squeeze-first-time-buyers/

What the reliance on cash sales means for housing | Pound Ridge Real Estate

 

All-cash purchases accounted for almost 43% of all sales of residential property in the first quarter of 2014, up from almost 38% in the previous quarter and 19% in the first quarter of 2013, according to data released Thursday from real-estate data firm RealtyTrac. “It’s a surprising thing for us that cash sales have stayed high for so long even though the big hedge fund investors have pulled out of the market a bit,” says Daren Blomquist, vice president at RealtyTrac. “The high percentage of cash sales reveals the soft underbelly of the housing recovery.”

Experts say the high percentage of those paying cash won’t last much longer, though. “Cash buyers will become few and far between,” Blomquist says. So who does have the money to buy a home outright? Wealthy Americans and downsizing empty nesters make some of these all-cash deals, he says. Investors who are eager to make a profit by buying low and renting those properties — or flipping them — also drive up the number of all-cash deals, he adds.

Institutional investors — people or companies that have purchased at least 10 properties in a calendar year — appear to be gradually pulling out of the housing market. Investors accounted for 5.6% of all U.S. residential sales in the first quarter, down from 6.8% in the fourth quarter of 2013 and 7% in the first quarter of 2013. But while the share of institutional investor buyers declined in 18 of the top 20 markets for institutional investors, home prices continued to appreciate in most of those markets, although at a slower pace. “But price appreciation will definitely flatten out,” he adds.

The top five markets for cash sales were in Florida, which experienced one of the biggest property crashes after the 2008 recession: Cape Coral-Fort Myers (74%), Miami (67%), Sarasota (65%), Palm Bay (64%), and Lakeland (62%). Other major metro areas where over half of all property sales were done in cash included New York (57%), Columbia, S.C., (56%), Memphis, Tenn. (55%), Detroit, Mich. (53%), Atlanta (53%) and Las Vegas (52%). Many high-end homes are also purchased with cash and buyers in competitive areas where inventory is low are more likely to offer cash.

Not everyone agrees that the housing market is so reliant on cash. The National Association of Realtors says its data suggests the rate of cash sales is lower and on the decline. All-cash sales comprised 33% of transactions in March versus 35% in February and 30% in March 2013, according to data released last month. Individual investors purchased 17% of homes in March, down from 21% in February and 19% in March 2013, the NAR found. But existing home sales were flat in March, the report found. The pool of potential buyers is limited due to tight lending standards and rising interest rates, experts say.

 

 

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http://www.marketwatch.com/story/43-of-2014-home-buyers-paid-all-cash-2014-05-08?siteid=yhoof2

 

10 NYC One-Bedrooms You Can Buy for $600,000 | Pound Ridge Real Estate

 

 

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The last Price Points column found the best two-bedrooms available for $675,000, so we’re going a little smaller and a little cheaper for this roundup: one-bedrooms for $600K. StreetEasy shows the median price for one-bedrooms in Brooklyn and Manhattan to be under $700,000, but there is quite a bit of inventory for one hundred grand cheaper. First up, there’s a one-bedroom in Williamsburg offering up “the finest in indoor and outdoor living” with a living space and bedroom that open onto a large private terrace. The condo has marble countertops, newly updated appliances, and an in-unit washer and dryer. The apartment also comes with a deeded parking space in the garage below the elevator-ed building, and buyers have access to a communal gym. Asking price is an even $600,000

 

 

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http://ny.curbed.com/archives/2014/05/06/behold_10_nyc_onebedrooms_you_can_buy_for_600000.php