Showing posts with label location. Show all posts
Showing posts with label location. Show all posts

Aug 28, 2014

NYC - Location Affordability


Mike Slattery, Senior Vice President, REBNY Research Department published very interesting numbers in the REBNY Reaserch newsletter. The Citizen’s Budget Commission has issued a series of reports comparing New York City's affordability to that of the 21 largest cities in the country.  
They also compared the competitiveness of New York City using a concept of “location affordability” developed by the U. S, Department of Housing and Urban Development (HUD) which includes the cost of transportation as well as housing, usually the two largest items in a household’s budget.  According to HUD’s Location Affordability Index (LAI) that measures these two costs, a household paying more than 45 percent of their income for these costs is overburdened.

New York City has the sixth highest housing costs of the 21 major cities (See Figure 2 below).  However, New York City has the lowest annual transportation costs of the cities surveyed, primarily the result of the majority of commuters using public transportation (See figure 3 below). 


As a result, based on HUD’s LAI New Yorkers devote 32 percent of their income to housing and transportation, well below the 45 percent level established by HUD to signify an affordability problem.  Of the 21 cities surveyed by the Citizens Budget Commission, New York City was the third most affordable location according to the HUD LAI (See Figure 6).

Feb 26, 2012

Congratulations to "Made in NY" Oscar Nominees

The “Made in NY” film Extremely Loud & Incredibly Close is nominated for Best Picture (executive producer, Scott Rudin) as was actor Max von Sydow for his supporting role as the Renter. 

Margin Call, about a crisis at a financial firm, was nominated for its original screenplay, written by J.C. Chandor, who also directed the film. The project shot on location in the City during the summer of 2010. Additionally, Hugo received a nomination for Best Film Editing (Thelma Schoonmaker). The film, which takes place in Paris and was filmed in the UK, was edited in New York.

A number of New Yorkers also received nominations for their work in various other projects, including: Woody Allen (Best Director, Midnight in Paris), Glenn Close (Best Actress, Albert Nobbs), Martin Scorsese (Best Director, Hugo), Meryl Streep (Best Actress, The Iron Lady) and Michelle Williams (Best Actress, My Week with Marilyn).

In the documentary and short film categories, a handful of New Yorkers also earned nominations. Locals Marshall Curry and Sam Cullman were nominated for Best Documentary Feature for their film If a Tree Falls: A Story of the Earth Liberation Front while Joe Berlinger and Bruce Sinofsky received a nomination for Paradise Lost 3: Purgatory. New Yorkers Rebecca Cammisa and Julie Anderson (God is the Bigger Elvis) and James Spione (Incident in New Baghdad) were each nominated for Best Documentary Short.

Historical Oscars and other memorabilia have been on display at Vanderbilt Hall in Grand Central from February 22-26 as part of the Academy of Motion Picture Arts and Sciences’ annual exhibit. Visitors have the opportunity to have their picture taken with an Oscar as well.

Over 100,000 New Yorkers work in film and television production. NY is the birthplace of film and television technology. 2011 was a record year for film and television production in New York City. The entertainment industry is approximately a $5 billion industry in New York City. 

“New York City is the entertainment capital of the world and is poised to be the digital media capital of the world." Mayor Mike Bloomberg.

Come live, work and play in NYC.

"Made in NY"

Click here to find a Manhattan trophy apartment or townhouse.

The Academy Awards will be broadcast live on ABC beginning at 7pm tonight February 26, 2012.  

Enjoy the show!

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