Tuesday, April 1st, 2014

Apartments Expensive

"House hunters should brace themselves for sticker shock — Manhattan real estate prices have hit a jaw dropping average of $1,363 per square foot, according to a Douglas Elliman report released Tuesday. With buyers competing for slim pickings in the first quarter of the year, sellers had the upper hand, pushing prices upward and often forcing speedy sales. The average sales price of Manhattan apartments spiked more than 30 percent over the past year to $1.774 million, the report said."
—If you need a laugh this afternoon try to remember that one time you thought about what things would be like when you finally owned an apartment in town rather than renting and then brace yourself for a long series of mordant chuckles at your own expense, because at this point you'll be lucky if you're able to afford the storage space somewhere that you sneak into at night to sleep in.

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Bobby Womack (#4,074)

After lots of discussion, my wife and I came to the decision that once she's done with her fellowship in NYC we'll be moving elsewhere. I was born in Queens and I loved the time I spent in Manhattan, but raising a family here is just too hard. With the hundreds of thousands of dollars we'll be saving by buying elsewhere, we can afford to parachute our unborn kids in to the city for cultural immersion.

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