Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is Inwood Bubble-Proof?

inwood
0
Posted

Is Inwood Bubble-Proof?

0

While some may be flocking to our soulful ‘hood, others are wondering if it’s time to cash out. Speculating on the city’s real estate bubble, New York Magazine profiled potential buyers and sellers, among them Inwoodites Kristin Carbone and Michael St. John, both Broadway actors. Having bought a two-bedroom place in Inwood seven years ago, the couple is now expecting a child, and find themselves contemplating life in the ‘burbs. “For our asking price, which will probably be about $530,000, we can expect to easily afford a three-bedroom house with a decent-size yard near a commuter-rail line. We debated whether we could stay here another couple of years, but we don’t know that in a couple of years we’ll be able to buy the same size house for what our apartment is worth. We don’t think our apartment will go up much — we think we were at the top of the market about a year ago. And the Jersey market may go up a lot.” Half a million for a 2BR in Inwood? Must be a really, really nice place.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.