Paul Krugman Gets a New Place to Hang His Hat and Nobel

[FarCenter]

The Times columnist, Princeton professor, recent Nobel winner, and all-around ceaselessly smart economist Paul Krugman has a nice new co-op. According to a deed filed in city records today, 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 this afternoon.

Even though the couple bought their place at a big discount--it was listed early last year for $2,495,000, which became $2,199,000 and then $1,850,000--it's slightly odd that Mr. Krugman, whose cynicism about the American housing market is not a secret, would want to buy something now. "Yes, I do expect New York prices might fall some more," he offered, "but we need a place. And I came into some money." He chuckled awkwardly, because he was referring to his Nobel, which comes with about $1.4 million. "We have financial resources that we didn’t have before."

<SNIP> http://www.observer.com/2009/real-estate/paul-krugman-gets-new-place-hang-his-hat-and-nobel

[babylonsister]

1. Good for him. I don't think that's a lot of $$ in the NYC market. nt

[Manifestor_of_Light]

2. "washer and dryer"....

:rofl:

I have had people tell me that apts. in NYC have a bathtub or john in the middle of the living room or kitchen with a shower curtain around it.. WTF???

[Captain Hilts]

3. Neat. They're pretty near H&H and the Eleanor Roosevelt statue. nt