Blog

I learned a very valuable lesson on Saturday. They say that bigger is not always better. But I learned that newer is not always better either. 

I'm living in an apartment building that was built in the eighties. Remnents of keycard readers long demagnitized adorn my front door. My apartment came furnished. Furnished with Golden Girls furniture. Appointed with bubble gum pink carpeting and most unsubtle silk flower arrangements. Although I can look to my right when I am out on the balcony. My direct view is that of the Tropicana parking garage and the valet at the Chelsea. I love my apartment more today than I did on Friday. Wanna know why? Because I toured a luxury building on the other side of town.

The Bella Condominiums are going under. They are having an auction on some 38 unsold units in the building. I had to see them. What if? You hear those stories about how people stubble into an auction and buy homes for pennies on the dollar. Why not me? 

It was the weirdest place I had ever toured. that is saying a lot. Since I sold real estate on Long Island. This is a place where a house would have a washer in the kitchen and a dryer in a shed out back. But what the folks who built the Bella are trying to sell is what I called a luxury efficiency units. What they didn't think about is the fact that there is no market for this. A rich guy wants a bigger place. A poor guy can't afford these. 

To be continued...