Economist (and economic doomsayer) Nouriel Roubini didn't seem to have a problem paying $5.5 million for a triplex penthouse at 6 East 1st Street, but finance blogger Felix Salmon thinks Roubini made a bad renting vs. buying calculation. The same apartment was on the market as a $25,000/month rental, and according to the rent-vs.-buy calculator, buying wasn't the better deal, even if the housing market continues to decline as he's predicted. But hey, maybe he has a guilty conscience about partying in a rental. [Reuters; previously]
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