Times keeps up with the times, but read closely

The three-bedroom apartments under $1 million come with tradeoffs. Times photo.

Today’s New York Times gets it right in the lead story of the Real Estate section.

The piece catches up with the times in noting how much opportunity there currently exists for buyers, especially those interested in larger apartments.

It also responsibly–hallelujah!–details the pitfalls of buying a three-bedroom apartment that doesn’t cost an arm and a leg: the amount of space, the size of the rooms, high maintenance and the building location.

(The piece doesn’t go into obstructed exposures, street noise, awkward layouts and other common minuses, but I do so in the Out and About section of the free biweekly e-newsletter that I write every two weeks.) Continue reading