
After years of waiting we decided that this is the right time for us to buy something of our own. We’ve been actively occupied by the search during the past several months. Have given a couple of offers here and there, but nothing worked out quite yet.
I just wanted to leave a couple of words on the blog, since this is the thing that is on my mind most of the time these days. Currently we have found something that we like, but there are certain issues that we have to deal with before we can move forward. The problem is that we need some help from the management company to accomplish anything, and we all know how much those people are willing to help.

Either way, right now we can do nothing, but sit and wait, and I’m really bad at that.
A couple of words on the state of buying at the moment: even though it seems that the prices are crashing down all over the country they keep growing in NYC. It definitely slowed down lately, no question about it. But if you’re buying a place for yourself and plan to stay there for 5 or more years it makes all the sense to buy.
We’re doing it to raise our comfort of living (bigger, nicer place), save money on not paying rent and getting tax breaks because of the mortgage payments (makes a lot of sense if you have a high salary and can afford to buy something) and to basically make sure that we have money for down-payment for a nice house when Alena finishes school – buying something and paying it off monthly forces you to manage your finances better.
There was a interesting
article published in New York Times recently that paints a good picture of the current state of the market and the minds of New Yorkers. Everything that I’ve seen in the past several months seems to confirm that it’s accurate.
A couple of quotes from the article:
Since the new year began, a burst of activity has broken out in Manhattan and several Brooklyn neighborhoods as New Yorkers frenetically hunt for co-ops, condominiums and town houses, sending prices higher despite sluggish sales in many other cities.
…
But now, the three largest real estate companies in the city agree: for January, at least, both prices and the number of signed contracts rose in double-digit percentages compared with the same month in 2006.
February 15, 2007 @ 17:34
We know exactly how you feel, we have also been looking, and finding one is half the trouble. Once you find one, you open a whole new Pandora’s Box of trouble. What we are basically saying, hang in there, all good things come to those who wait.
February 15, 2007 @ 17:43
Agreed, indeed. By the time the whole thing will be over, you can either go crazy, or so much stuff have had happened that you can write a book. Or as Geoff mentioned, both things can happen, and then the book that you’ll write will only be more interesting.
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