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