The Hunt Begins
What to do when not feeling like working at work? Search the New York Times real estate section online, of course. And search, scour, examine, look into, analyse, and whine we did (well, the whining was mostly mine). Anything we'd even remotely want to live in was well beyond the means of any normal wage-earners. Since neither of us was about to inherit a large sum, and we're law-abiding citizens so theft was out of the question, the apartment would have to wait.
We emailed each other listings from Elliman, Corcoran, Bellmarc, Halstead, and anyone else we could find... We decided to put off any vacations, and eat at home for the forseeable future to save everything we could. We even got all excited about a Greenwich Village apartment with its own little backyard (to make the suburbanite in me happy) in a former carriage-house now owned by Yoko Ono. Randy rushed to see it during the first Open House. Ummmm, no - not for us, thanks.... We have a "thing" about having a living room wider than 7' and a stairway that isn't in the middle of the kitchen.
We did a lot of math. How much do we REALLY need to live on? How much can we borrow? How much can we scrape together out of the change we've been tossing into jars??? ;-)
Jay and I figured out what we had, what we could expect to have within a year, what we could get for our current homes, and how long we could go at different apartment price points before selling our current homes. The numbers were somewhere between "what the heck are we doing?" and "can you believe they're asking THAT for a closet with a bathroom in it?"... This went on for about three years, with each year adding about 20% to the apartment prices but just 5% to the value of our current homes.
And then we started the Open House visits, and things got interesting in a hurry...
We emailed each other listings from Elliman, Corcoran, Bellmarc, Halstead, and anyone else we could find... We decided to put off any vacations, and eat at home for the forseeable future to save everything we could. We even got all excited about a Greenwich Village apartment with its own little backyard (to make the suburbanite in me happy) in a former carriage-house now owned by Yoko Ono. Randy rushed to see it during the first Open House. Ummmm, no - not for us, thanks.... We have a "thing" about having a living room wider than 7' and a stairway that isn't in the middle of the kitchen.
We did a lot of math. How much do we REALLY need to live on? How much can we borrow? How much can we scrape together out of the change we've been tossing into jars??? ;-)
Jay and I figured out what we had, what we could expect to have within a year, what we could get for our current homes, and how long we could go at different apartment price points before selling our current homes. The numbers were somewhere between "what the heck are we doing?" and "can you believe they're asking THAT for a closet with a bathroom in it?"... This went on for about three years, with each year adding about 20% to the apartment prices but just 5% to the value of our current homes.
And then we started the Open House visits, and things got interesting in a hurry...

