A history of real estate voyeurism

Jason Farago:

here is nowhere left to live in New York. Trust me, I know. Fewer apartments are on the market today in the city than at any time since records began, and if you want one you’d better be able to put up the cash. Manhattan, converted these past 20 years into an antiseptic (that’s Giuliani’s doing) luxury goods emporium (that’s Bloomberg’s), has long been out of reach; the leafier areas of Brooklyn were colonized in the last decade by brunching hordes willing to pay seven figures to live in ironic imitation of their immigrant grandparents. Even Brooklyn’s drearier northern stretches have become the territory of the 1 percent over the past five years. The first to fall was Williamsburg, a character-free, formerly working-class neighborhood now populated by bankers who pay more for the privilege of living in a gritty outer borough than they would for a place downtown. Then came nasty Greenpoint, which sits alongside a fetid, carcinogen-spewing creek. Now it’s the turn of apocalyptic Bushwick, which you should avoid visiting at all costs and where otherwise professional people pack themselves cheek-by-jowl into spaces that resemble badly administered refugee camps, but with an artisanal ramen shop next door.

A Long Way From Tractors

John Lamm:

After becoming a wealthy industrialist in the 1950s, mainly through the success of his tractor company, Ferruccio Lamborghini was indulging his lifelong love of automobiles and buying Italy’s best: Alfa Romeo, Lancia, Maserati and, of course, Ferrari.

There are two versions of what happened next. One, according to an interview published in 1991 in a British magazine, Thoroughbred and Classic Cars, is that Lamborghini was insulted by Enzo Ferrari after complaining of a weak clutch in a car he’d bought: “Lamborghini, you may be able to drive a tractor, but you will never be able to handle a Ferrari properly.”