Why Townhouses Are Priced at a Discount

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Between 1997 and 2006, townhouses in Manhattan appreciated at a slightly slower rate than condominiums, according to Radar Logic. The reason, according to The New York Times, is basically that a house is a hell of a lot more work than an apartment.

You hate when you come home from a trip with a lot of luggage and have to drag it up the stairs, or you’re in a huge hurry to leave and you have to run back up to the third or fourth floor dressed up in high-heeled shoes because you’ve forgotten something, said Barbara Fox, president of Fox Residential Group, who lived for two decades with her husband, James Freund, in a 7,000-square-foot town house on West 73rd Street near Central Park. And you hate when you have to have repairs because there’s always got to be somebody there to answer the door.

So, townhouse dwellers, what are your greatest gripes about non-doormaned, vertical living?
Town House Living: The Untold Story [NY Times]
Photo by Littlekim

By Brownstoner |