housing-outlook

The Times columnist, Princeton professor, recent Nobel winner, and all-around ceaselessly smart economist Paul Krugman has a nice new NYC co-op. According to a deed filed in city records. Mr. Krugman and his wife, economist and yoga teacher Robin Wells, spent $1.7 million on a three-bedroom Riverside Drive apartment earlier this month.

“We really wanted a place that has the ultimate New York luxury, which is a washer and dryer,” Mr. Krugman said yesterday afternoon to the New York Obsever.

It’s slightly odd that Mr. Krugman, whose cynicism about the American housing market is not a secret, would want to buy real estate now.

Krugman: Housing Won’t Recover Until At Least 2011

Economist Klugman: Pays out $1.7 million for co-op

File Under: Bad time to purchase real estate — unless your an economist.

If your an economist looking to purchase a Boston condo – check out today’s new condo listings

Call Now