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? As well-off New Yorkers await their private school acceptance letters, many are also preparing to move closer to the future schools of their progeny, according to The Times. "People are much more willing to commute for work than they are to their children's school," said Stribling & Associates broker Kristina Kaplan Wallison, an agent at Stribling & Associates, which explains why listings at buildings like Philip House at 141 East 88th Street and Carnegie Park at 200 East 94th Street (both located within walking distance from any number of Upper East Side private schools) are in high demand. ["The Private-School Sales Bump on the Upper East Side"]
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: grad students looking to rent
Dream: Upper Manhattan
Reality: Upper West Side
Reality: 2BR, closet/storage space, high ceilings
This week's Hunters are a couple of young Columbia grad students from Westchester looking to rent somewhere uptown, close to school. They started looking for two-bedrooms in the area, with little requirements beyond "a kitchen and a bathroom." With their budget hovering around $2,800/month, they initially had some trouble finding suitable listings for that price. However, they soon found a two-bedroom in the West 80s for $2,650/month, and although the view is lousy and the rooms are small, they seem quite happy. Especially living in a neighborhood with "a Starbucks on one side and 150 independently owned restaurants on the other." [The Hunt/"A First-Time Home in the City"; photo via Mark Luethi/Curbed Photo Pool]