Real Estate Realities in New York
When getting into anything, it helps to do a little reconnoitering of the facts, even for a professional developer such as Isaac Toussie. And for the correct socioeconomic context in which to put such information, it helps to check governmental findings such as census reports.
New York’s median yearly household income is almost forty-three and a half thousand dollars, compared with the national average of just under forty-two thousand every year. The state median family income also comes out ever-so-slightly ahead of the national figure at over fifty-one thousand versus just over fifty-thousand per annum. As might be expected, per capita differences show the same general ratio at almost twenty-three and a half thousand to over twenty-one and a half thousand, respectively.
Some more facts and figures need to be taken into consideration for a well-rounded appraisal of realty trend lines in New York, but these pertain more specifically to real estate: the median value of owner-occupied housing units is well over a hundred and forty-eight thousand dollars, almost thirty thousand dollars more than the national average of only over one hundred and nineteen thousand. Curiously, the asking price for housing units statewide compared to nationwide posted only a slight difference of about five thousand dollars, at well over ninety-four thousand dollars to only over eighty-nine thousand, respectively.
Average sales prices for homes in the Empire State have usually been between two hundred and three hundred thousand dollars for four bedroom units, the most expensive category of housing. However, extremely dramatic spikes and drops have been posted periodically, such that gains of up to over seven hundred thousand dollars were reached. Such surges and declines have not lasted more than a year, and because the drop-offs have only very rarely fell past previous baseline levels, they may have been viewed as simple market corrections instead of anything more ominous. In fact, other categories of housing – that is, one, two, three, and even four-bedroom units – have held rather steadily for a decade, rising only gradually from an average of around one hundred thousand to no more than two hundred thousand almost a decade later. When considering just one and two-bedroom homes, prices have only appreciated around fifty-thousand dollars in eight years.
It can be deduced that New York’s residential real estate market is fairly stable on the whole. The recent economic woes troubling the nation have certainly made an impact, but residential realty statewide seems to have endured it fairly well, all things considered. After all, this is the capital of the world we’re dealing with here!
That means that New York City will always be bustling with economic activity, and the state along with it in a rising-tide-lifts-all-boats manner. Local developers such as
Isaac Toussie consider home prices of half a million not at all unusual, and should be regarded as the “entry-level” price one can expect to pay, even for somewhat dilapidated structures in some of the city’s worst neighborhoods. Rents are probably even more incredible, with people actually leasing out their walk-in closets as rooms!
The Need For Medical Office Supplies
Stocking and supplying medical office supplies has usually been one of the duties of a hospital dispensary, which is mainly dedicated to dispensing medication according to doctors’ prescriptions. These days, the term “dispensary” refers to a handful of different institutions around the world – or, even, within the country.
For instance, in California a dispensary is a specially designated store licensed to sell not medical office supplies but medical marijuana (which is also the case in the Canadian province of British Columbia), while in the states of Idaho and South Carolina a dispensary used to refer to the governmental agency that served as the only legal source of alcohol.
Also no source of medical office supplies is the Kenyan dispensary, a small outpatient health facility generally managed by a registered nurse. These nurses report to clinical officers at a health centre, which is also where patients are referred to for treatment in cases much more complicated than a common ailment like cold or malaria. Modeled on the British system, this sort of medical dispensary is no simple storehouse of supplies but what Americans would call a community clinic.
This kind of clinic or dispensary got its start in London, England back in the 1700s, and is credited with aquainting doctors with the issues of the poor because unlike the case with hospitals or a private practice, this dispensary service actually brought doctors into their patients’ homes. Their social consciences shocked, thus were the first dispensaries set up – free healthcare for the poor.
Indeed, young aspiring physicians of the day had been really eager to serve as honorary physicians to the dispensaries, though such an appointment was usually voluntary (with no more than a small honorarium at best) and not as prestigious as a hospital posting. It was nothing short of a medical revolution: for the first time since the Hippocratic Oath, altruistic motivations were the norm.
Learning Real Estate the Virtual Way
Is it possible to use an online course to get the kind of knowledge a developer like Isaac Toussie has regarding real estate?
The information superhighway will soon be celebrating its fiftieth anniversary. It took several decades for the web to percolate out from a fairly small coterie of research scientists and other academics into the wider general population, but once it did, our world was changed forever: It was wired.
And so pretty much everything is on the internet these days, and almost anyything is done through it – even sex! And the once near-exclusive preserve of worthless diploma mills, so-called distance learning has really come of age with a vengeance with the advent of the worldwide “w.” And now, in this age of Web 2.0 going on 3 or even 4, it seems like every corporate body and its subsidiary is getting in on the action.
Bah, humbug, some are tempted to say. No mere Luddites, these, some people just wonder whether e-learning can ever truly replace the face-to-face interactions of traditional modalities. In this article, we shall be taking a look-see at the issue for ourselves. Due to issues of legal liability, we shan’t name any names, lest we libel the guilty – wink, wink. But a brief survey of three of the most widely advertised such courses online has revealed to this author at least that business fundamentals can indeed be properly passed along online. These courses will never compare to actual field experience, lending anyone the knowledge of an Isaac Toussie, but then again nothing ever can.
No, the main attraction for these courses – their competitive advantage, to borrow an economist’s term, if you will – is that they are extremely accommodating of your schedule. With most such courses, you can attend class whenever you want – and certainly in whatever you want, including your birthday suit! Convenience is their number one draw, and this kind of accessibility is not to be discounted, especially since it is not necessarily any more costly than the kind of learning offered by a traditional classroom setting. In fact, these courses can cost rather less money, particularly if you factor in considerations like time, such as the time it takes to commute to a brick-and-mortar school.
More challenging is the hands-on approach that is likely necessary for a really good grasp of how the real estate business works. Learning about the relevant laws is important but not quite what one actually does in real estate. What’s really essential is a way of cultivating the mindset of a real estate tycoon! Maybe one of these internet real estate courses, possibly offered by a “real” school such as a government-supported local community college, may involve an actual internship as a part of the experience, which would go a long way towards just that end of teaching real-world knowledge.
Now even with all that said, however, we must end on this note, that of the legal disclaimer: Neither the author nor the publisher shall be held liable for the content of this article, which constitutes mere opinion only and should never in any way be misconstrued as professional advice of any kind whatsoever! Always consult the relevant professionals, properly licensed and/or otherwise qualified, when making business decisions of any financial consequence.
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