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?
According to an incredibly interesting and important article in The Times Real Estate section, rich people in the Hamptons like their personal movie theaters more than anything else, and the absence of one can often be a dealbreaker when considering buying an East End property. That's pretty much the gist of it. ["Movie Night, Hamptons Style"]
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 young couple
Dream: up to $2,000/month
Dream: Upper East Side
Reality: Far East 80s
Dream: L-shaped layout, affordable
Reality: L-shaped layout, affordable, closet space
This week's Hunters are a young Indian couple looking for a new place to rent before their wedding in the coming months. They seemed to have a pretty painless search, with the man explicitly seeking an apartment with "an L-shape." They eventually found a place on the Upper East Side, and though it's incredibly small, it's in a decent location and a good building. It does seem like they got shafted on the deposit, though. [The Hunt/"An Eye Out for an L Shape"]