Condo and co-op sales (source: Prudential Douglas Elliman via the Real Deal)
Note: With my break drawing to a close, alas, normal frequency of posts resumes Monday.
Let’s say you bought a new home five years ago, a year before Manhattan’s residential market nosedived.
And let’s assume you coughed up $1 million for the privilege of living in your modest 870-sf apartment with two small bedrooms plus one and a half baths on the Upper West Side.
The third set of assumptions might be monthly mortgage payments of $3,500, maintenance of $1,400 and other ownership expenses such as insurance and maintenance of $100 a month.
Do you wish that you had waited until now to have made the purchase?
If you are like many other former homebuyers, (more…)
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Homeowners who bought in 2007 should be celebrating, not crying over spilled milk
March 22, 2012Condo and co-op sales (source: Prudential Douglas Elliman via the Real Deal)
Note: With my break drawing to a close, alas, normal frequency of posts resumes Monday.
Let’s say you bought a new home five years ago, a year before Manhattan’s residential market nosedived.
And let’s assume you coughed up $1 million for the privilege of living in your modest 870-sf apartment with two small bedrooms plus one and a half baths on the Upper West Side.
The third set of assumptions might be monthly mortgage payments of $3,500, maintenance of $1,400 and other ownership expenses such as insurance and maintenance of $100 a month.
Do you wish that you had waited until now to have made the purchase?
If you are like many other former homebuyers, (more…)
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Tags:15 Central Park West, Apartments, Co-ops, Condos, House prices, Jonathan Miller, Manhattan real estate, New York City, Plaza, Real Deal, Rent, Stuart Saft, Upper West Side
Posted in Commentary, Housing Markets, Manhattan, New York City, Real Estate | 1 Comment »