Many Moons to Go

G and I intended to check out the Hudson Heights neighborhood last weekend, but we never made it out of the house.

Maybe because our cash is under lock-and-key (read all about auction rate securities) or maybe because NY1 Weather predicts rain every single day of the week. (Watch their television weather report and take note.)

Perhaps our lethargy stems from our brains living in 2003 when one could buy an apartment that was better than ours for $500 per square foot.

In 1999, we bought a downtown Brooklyn co-op for $176 per square foot and sold it in 2005 for $475 sq ft.The current owner could sell it for $725 sq ft based on the listings I have been studying.

I focus on the listings on Corcoran.com way too much. Corcoran's asking prices are generally higher than New York Times listings or other realtor listings. But Corcoran's site is so superior, the information so complete, the photos, the floor plans, the organization. I go back again and again to their Newest Listings.

A little math in that category--price divided by square foot--tells the story. No one has told New Yorkers yet that the market has tanked. At this rate, it will be many moons before we find a place to buy.

Chance of Rain

Chance of Remaining Priced Out