I purchased my UWS co-op close to market’s peak

My living room.  (That’s sorely missed Sophie near the table.)

Looking at the recent 10-year report prepared by appraisal heavy Jonathan Miller, I once again considered whether buying my apartment in 2007 was a mistake.

As you can see from glancing at Miller’s charts below, I purchased my co-op on Manhattan’s Upper West Side close to the decade’s price peak in 2008.  Of course, after Lehman Brothers imploded on Sept. 15, 2008, prices plummeted along with sales activity.

Click to expand. (Charts via Prudential Douglas Elliman)

There’s little point in providing the purchase price, but Continue reading