There is only one right time to buy

The Frank/Patterson's new penthouse apartment with huge skylights.

In an uncertain market, the question on every buyer’s mind is whether it is the right time to get off the fence.

One buyer recently answered that question in an e-mail quoted by the Observer.  His response is worth noting in part because of the credentials that he and his wife possess.

Robert Frank is the wealth reporter for the Wall Street Journal and author of the best-selling book, Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich.  His wife is Rebecca Patterson,  global head of foreign exchange at JPMorgan Private Bank.

Smart people, right? They recently spent $4.2 million on a penthouse loft at 73 Fifth Avenue.  Here’s why Continue reading

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