And I've discovered that while prices are definitely coming down, buying in this here City is still next to impossible. The math just doesn't work. High prices. Minimum 20% down. Monthly maintenance fees often north of $1,000. Small spaces. Co-op boards. And on it goes. I finally did see several places this week that were at least inspiring and livable, but hard to give up my large, rent stabilized one bedroom in a decent 'hood.
So why am I looking to dump my apartment?
Well first, I ALWAYS miss the real estate or stock market, or pretty much every financial "party" - so I decided that I needed to get out there now in this down economy, so that even if I don't buy anything, I won't have to kick my own ass later and exclaim "WHY DIDN'T YOU LOOK WHEN PRICES WERE LOWER!?" Also, while I live in a rent stabilized building, my rent is not super crazy cheap. If it were, we wouldn't even be having this one-sided conversation. So since my rent is going to increase yet again starting in May, I am also thinking that I may as well put my money to work.