STEP 1: Read something about a new approach to health insurance by and mostly for young people / millennials.
STEP 2: Retain a vague, positive impression of the company, which has a striking, unusual name, even if you can’t recall precisely what it is. Forget all relevant details.
STEP 3: Embark on a health insurance odyssey for your family. Your goal is to cover the three of you — two adults, one baby — for $850.
STEP 3.5: Think longingly of martinis. Shopping for health care is tedious and yet terrifying; a martini would probably help, but you’re a pitiful lightweight who barely drinks. Eat dark chocolate instead and try to focus on the task at hand.
STEP 4: Encounter, as an Obamacare option, Oscar. Think: Oscar? Oh yeah, I read about you! You’re the new kid on the block, right?
STEP 5: Read more press.
Under all its plans, Oscar allows its members unlimited free calls with physicians. The doctors are supposed to call back within an hour, but on average, calls are returned within seven minutes of being placed, says Mr. Nazemi. (Of course, many primary care physicians already provide this type of service to their existing patients.) These calls can provide a quick diagnosis and a prescription sent directly to a pharmacy for common ailments like pink eye and urinary tract infections. Oscar pays the physicians $40 a call, which is significantly less than it would reimburse for an office visit.
One of the fun things about living in New York City is peering into the faces of the people you pass and asking yourself, “Are you a millionaire? Are you, sir, with the mustache and tattoos and mustache tattoos? Are you, angry biking lady?” It’s sort of like the grown-up version of Are You My Mother? but whereas the little bird in that famous children’s book has only one mother, NYC overflows with rich people. They’re everywhere, hiding among us. They have to be. After all, who else could afford to buy those massive luxury condos growing up everywhere like weeds?
Well, turns out that the secret ingredient is salt foreign capital.
According to data compiled by the firm PropertyShark, since 2008, roughly 30 percent of condo sales in large-scale Manhattan developments have been to purchasers who either listed an overseas address or bought through an entity like a limited-liability corporation, a tactic rarely employed by local homebuyers but favored by foreign investors. Similarly, the firm Corcoran Sunshine, which markets luxury buildings, estimates that 35 percent of its sales since 2013 have been to international buyers, half from Asia, with the remainder roughly evenly split among Latin America, Europe, and the rest of the world. “The global elite,” says developer Michael Stern, “is basically looking for a safe-deposit box.” … But much of the foreign money is coming in at lower price points, closer to the median for a Manhattan condo ($1.3 million and rising). In fact, if you’ve recently been outdone by an outrageous all-cash bid for an apartment, there’s a decent chance that, behind a generic corporate name, there’s a foreign buyer and an offshore bank account.
Don’t sweat it, normal Americans! We still have options. We can be HUMAN PROPS.
As we’ve established and you already knew deep in your bones, the same house will be more expensive in Greenwich, CT, than in Fargo, ND. What you may not have known, though, is that the difference in price is not merely reflective of the difference of costs, specifically land and material costs in CT vs ND. There’s an X factor too, or, as the experts call it, a “shadow price,” that makes San Francisco so absurdly unaffordable it might as well be Mars.
The price of a house or apartment, the authors argued, is more than just the value of the land plus the value of the building. There’s a third, shadow price, which represents how difficult it is to get something built given local regulations. In highly restrictive places like San Francisco, regulations impede the supply of new buildings, and so raise the price of housing.
So, like, for example, materials and land cost 2x the national average in SF, and yet a house costs 3.6x the national average. The difference can be attributed to regulations. You know, bureaucracy, red tape, all that nonsense. The Economist flatly states, “the [Bay Area] is one of the most difficult places to build in the country. Prices are therefore soaring and neighbourhoods are changing, touching off some occasionally nasty social conflicts.”
DC apartments, though nutsy, remain more reasonable than SF’s, in part because, after our nation’s capital went through crisis after crisis between 1969 and 2001, it decided to get back on its feet by investing in tons of new housing — for DINKs. If you build it, DC figured, they will come, “they” being single, sexy, spendy types, which represent more short-term gain for an urban area. And lo, the city was right.
Noting a paucity of women and POC among their engineers, Uncle Google has decided to give us a boost.
Google is paying for three free months for any women and minorities interested in tech to expand their skills. While Google is also offering the same vouchers to the women in attendance at its annual I/O developers conference this week, the search giant has released an online application that’s available to women everywhere. Google says its available vouchers for women number in the “thousands.”
So, better odds than the #AmtrakResidency! Go ahead, ‘folders, apply and let us know what happens. Goodness knows, if you’re a woman or a POC, you’ll do better studying #STEM than moving to NYC to try to be an artist, according to the rabid attention paid to writers like Emily Gould, who have the temerity to publish books, and this sad, sobering analysis in HyperAllergic.
Separate but equal, right? What could possibly go wrong? According to the Daily Mail, NYC has given a thumbs up to the Poor Door:
Extell’s proposal allows them to force affordable housing tenants to walk through an entrance located in a back alley behind the building to enter, leaving the more prominent front entrance for tenants paying for nicer apartments. … some developers dismiss the outcry over the ‘poor door’ concept.
‘No one ever said that the goal was full integration of these populations,’ David Von Spreckelsen, senior vice president at Toll Brothers, another developer specializing in luxury residencies, told The Real Deal in 2013. ‘So now you have politicians talking about that, saying how horrible those back doors are. I think it’s unfair to expect very high-income homeowners who paid a fortune to live in their building to have to be in the same boat as low-income renters, who are very fortunate to live in a new building in a great neighborhood.’
The great David Von Spreckelsen has spoken. Gross trash-people living in affordable housing should be grateful they get a door at all and don’t have to shimmy in through air vents or come in on their knees, flagellating themselves for not working harder in elementary school to prepare themselves for the marketplace. Count your blessings, human rats! If you can count, which we doubt.
Related: Have you watched Snowpiercer yet? Anne Helen Petersen says: “Snowpiercer is the first film I’ve seen since District 9 that takes the tropes of the blockbuster and transforms them into something so compelling that days after seeing it, you stop can’t thinking about it. It turns moviegoers into proselytizers: Once you’ve seen it, you can’t shut the fuck up.”
Remember a time before “Seinfeld”? Of course you don’t. The show that changed television, according to Matt Zoller Seitz, has rewired our brains so that we cannot reach back to a more innocent time when words like “sponge-worthy” and “anti-dentite” meant something else or perhaps nothing at all. It wasn’t 9/11 that turned all Americans into New Yorkers; it was “Seinfeld.” And not surprisingly, a phenomenon that total had — even continues to have, lo these many years later — its own economy, as helpfully detailed today on Vulture.
Some of the fun facts:
$3.1 billion: The amount the show has generated since entering syndication in 1995.
$400 million: What Larry David and Jerry Seinfeld can each make just from the most recent syndication cycle.
Festivus Poles: The Wagner Companies, a Milwaukee railing company, has owned exclusive rights to make Festivus poles since 2005. It sells a steady 800 per year, at up to $39 apiece.
The Bureau of Economic Analysis changed its calculation of the country’s gross domestic product in 2013, creating a new category that counts long-running shows like Seinfeld as investments (rather than expenses). The tweak adds $70 billion to the GDP of the United States.