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Seller's Market Leads to Buyer's Madness; Big Family Hunt

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Welcome to It Happened One Weekend, our weekly roundup of the New York Times real estate section...

1) Rich people. What are they spending millions of dollars on? What are they complaining about? This is What's Up With Rich People?
The real estate market in New York City is bananas right now, and the multitude of prospective buyers has reached such a frenzy that many have had to resort to somewhat reckless apartment-searching tactics. One hunter lost a bidding war for one place and, resolving not to lose another, made an offer for a unit in Orion without even seeing it in person. He got a tour the next day and signed the contract the day after. Then a bunch of other people called the broker and tried to do the same thing. This is getting good. ['In a Seller's Market, Every Minute Counts']

2) Every "The Hunt" column begins with the hunters describing the apartment they want, and ends with them rationalizing whatever they came away with. This is The Hunt: Dreams vs. Reality
The Hunters: a couple with four kids, originally looking for a rental with more space but then deciding to buy
Dream: around $500,000
Reality: $580,000
Dream: Central Harlem
Reality: between 148th and 149th Streets
Dream: space, washer/dryer
Reality: three bedrooms, washer/dryer
This was a Hunt where you were really pulling for the hunters who, with four kids, were at one point seriously considering buying a 2BR apartment just to find a livable amount of space. Which they did, so we can definitely call this one a success. Although they ended up pretty far uptown they had been willing to go up even farther.
[The Hunt/'A Family of Four, Then Five, Now Six']