Monthly Archives: April 2014

How long can you stand it, there’s no end in sight…*

*Lyrics from Hold On by Róisín O from their 2012 album, The Secret Life of Blue. I heard this song (easily the best from the album) in an Irish independent movie called The O’Briens, but I can’t recall if the movie was worth watching (watch at your own risk, but I recall thinking it was sweet, if predictable). At any rate, her voice is very pretty. And, for serious, the song lyrics are kind of right fucking on. This MIGHT be your life. Or, rather, my life.

The views of the city skyline are one of the best features of this neighborhood.

The views of the city skyline are one of the best features of this neighborhood.

Ok, well, sigh.

Here’s the thing: we’re no closer to finding an apartment to call our own than we were a year ago. The Brooklyn housing market, as I mentioned before, is crazy, but not regular crazy… it’s the kind of crazy that get articles written about it, that confounds (and, alternately delights) seasoned real estate professionals, and that create a sellers’ market of the sellers’ dreams (ten offers per apartment, please!). At any rate, over the past several weeks we did put in offers on a couple of places, and were promptly overbid. Like, by a lot. The price-per-square-foot is outrageous (some of that is city sticker shock) and steadily rising, but add that to the feeding frenzy of record low inventory, and you get bidding wars that are taking the prices anywhere from 4% to upwards of 13% over asking (asking price means very little right now). All of this is to say, we’re not comfortable buying (or attempting to buy) at the top of what we perceive as a real estate bubble (not to mention that we don’t have the buying power that many of our competitors seemingly have).

A friend posted this to instagram. Yep, says it all.

A friend posted this to instagram. Yep, says it all.

If the market subsides (which all indications say it won’t for some time), we’ll reconsider our position, but for now, we’re tabling the issue. Which really sucks. We might consider trying to find a larger rental apartment, but with summer on the horizon, we’re reluctant to give up our (very rare and private) roof access when there isn’t much public green space/park space to enjoy in the neighborhood. Our location is great for lots of reasons – proximity to Jeff’s office, restaurants, parking, etc – so, for now, we’re going to stay put. read on…

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