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?
Part of being accepted by other rich people means owning an apartment in a famous, stately New York building. This might generally break the pitiful, nouveau-riche bank, but thankfully The Times has a roundup of some of the least expensive (ha ha, yeah right) apartments in the most iconic buildings in the city. Even though they might have lousy views or aren't ten-bedroom palaces with eighteen terraces, they're still getting snatched up by desperate house hunters. Take the Fitzgeralds, who recently bought a two-bedroom at the San Remo for $4.4 million, even though it was asking $2 million more than they planned to spend. Interested in the Dakota? The cheapest apartment in the building is a two-bedroom duplex asking $5.95 million. [Getting a Foothold; photo via Danny Daly/Curbed Photo Pool]
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 Hunter: roommates looking to rent
Dream: North Brooklyn
Dream: True 3BR
Reality: 2BR with office, backyard, large kitchen
This week's Hunt follows two roommates—a newly-minted librarian and, like all young Hunters, a student at the Fashion Institute of Technology. They turned to Craigslist to find another roommate, and with a budget of $2,700/month, began seeking a three-bedroom apartment in Brooklyn. They looked at listings in Bed-Stuy, Fort Greene, and other neighborhoods, eventually settling on a two-bedroom (with a windowless office) brownstone apartment in Bed-Stuy. They were able to negoiate their rent down to $2,700/month, plus broker's fee. [The Hunt/A Tight Budget and a Tighter Schedule]