$2,700 gets me a small, but nice, 1 bedroom in a walk up building. there is no such thing as a $2,700 mortgage payment for a place in soho. this tool, though nice looking, makes no sense for the manhattan market.

And mortgage interest, which for most buyers represents far more than the principal (and only a third of which can be deducted from your taxes).

The only way that this works out is if you can afford to buy the house outright. In Silicon Valley that means having somewhere between $500k and $1m in your pocket.

http://baglady....air-is-my-rent/

I don’t understand why anyone would buy a 800k home here right now.

Also, square footage is rarely reported in transactions in NYC and it is a huge factor in price. It’s not like suburbia where you can get a good idea of a homes worth based on lot size, number of bed rooms, square footage, and zip code (all of which are readily known). Also, skewing things are facts like that in the west village, virtually all the buildings are coops which typically don’t allow renters. This means that the places that are for rent usually are in either lesser buildings or are limited duration rentals for like 1 to 2 years. Both of these factors tend to a lower rent rate which makes the ratio used for the map more red.

Sorry, I didn’t realise that the messages while they disappeared went into the moderation queue.

One can use spatial data-mining and Kriging algorithms to achieve that.

I believe (I read it somewhere) that there are already commercial tools (or proprietary ones) that are already being made available to various law enforcement agencies around the world, but they’re not available for the general public yet via webistes such as Hotbed.

I wanted to develop something similar as a hobby using spatial & kriging , but the apps is to target the real-estate industry, so users who are buying and selling can estimate the prices in any area they wish to by from or want to sell.

One can use spatial data-mining and Kriging algorithms to achieve that.

I believe (I read it somewhere) that there are already commercial tools (or proprietary ones) that are already being made available to various law enforcement agencies around the world, but they’re not available for the general public yet via webistes such as Hotbed.

I came across the following abstract which briefly describes the use of spatial datamining is analyzing urban crime.

Exploratory Spatial Data Analysis Techniques for Examining Urban Crime

I am tended to develop something similar as a hobby using spatial & kriging , but the apps is to target the real-estate industry, so users who are buying and selling can estimate the prices in any area they wish to by from or want to sell.

credibility lost.

Matt Corgan
Director of Technology for HotPads

Ignore the present economy (where you may not be able to sell at your purchase price) for the moment, because this is not normal.

The NY Times Real Estate section would really benefit from these mapping capapbilities. Streeteasy would be another great partner.

Remove those units and you will find that it is BS.

That said, So. SJ is legitimate.