Falling In Love With--and Wooing--An Old House
The Post writes of a love story with a happy ending this morning. After living in Morningside Heights for three years while attending Columbia Law School, Lucy Lang fell in love with a Greek Revival house on West Harlem. Heartbroken when she found out that the owner already had another offer, Lang wrote a heartfelt…
The Post writes of a love story with a happy ending this morning. After living in Morningside Heights for three years while attending Columbia Law School, Lucy Lang fell in love with a Greek Revival house on West Harlem. Heartbroken when she found out that the owner already had another offer, Lang wrote a heartfelt letter to the owners about how she had fallen in love with the space; she was able to push the right buttons because her mother had researched the house’s past at the New York Historical Society. Surprisingly, it worked. The 25-year-old lawyer got the house and moved in last March. We hadn’t realized law school paid so well!
In another segment of the same column, Stephen McGill, who’s owned an 1899 neo-Renaissance house in PLG since 1987, points out that enjoying historic details doesn’t come easy: “We spent about 12 or 13 years renovating,” he says.
It’s All in the Details [NY Post]
Does anyone have any idea how much she (they) may have payed for the house?
Gotta tell you folks, I have numerous friends, acquaintances, and neighbors whose parents bought them homes in full or at least provided the down payment. This is not a new trend either. Been going on for many years. And the run-up in prices is allowing boomer parents to use equity from their inflated homes to finance the purchase for junior.
C’est la vie. Am I envious too. You bet. But, it’s a fact of life, though one I wish the NYT wouldn’t throw in my face so often.
Cute girl, great house and lots of money. ………. I feel the green eyed monstor sneaking up on me.
loved reading your blog Brenda until that comment above. Very unchristian of you (all that lovely Celtic poetry and spiritualism, not to mention the many quotes from many of my favorite poets). So when did you evolve from incredibly intelligent, funny writer into the very idiotic Ann Coulter? Give me Bill any day over that venal maniac.
… and parents paid for her law school education, too, I imagine. Took me six years working at the Firm (top tier) to save up for my townhouse’s down payment while paying off law school loans.
Guys, obviously her parents bought this for her.
Agree with those who think this is family money talking, not salary. And the article doesn’t say what she’s doing with her newly minted law degree. Plus, no 1st year big law Associate would even have the time to put into this. Nope, something tells me that mommy is footing at least the down payment, if not the entire purchase. Tis far more common these days than people would like to think.
Methinks the buyer has a big load of cash, or family money, and its not the salary….. although the press loves to write about how first-year lawyers make $$$$$ (and they do, no doubt about it), once you get past the Big Firms the salaries are significantly lower. A good friend of mine is a federal prosecutor and makes $50k/yr. No idea where this buyer works, but let’s not assume that all first year lawyers are rolling in dough.
I would guess that only 1 firm in the city would pay $175k to first years (and who knows what they are paying). All of the other top firms pay $145k to first years (S&C, Cravath, Simpson, etc.) plus bonus. With bonuses, yes, first years do make over $175k (class of 2004 made $180k when adding in bonus), but it’s not $175 plus bonus.
It’s still a lot of money, don’t get me wrong, but it isn’t what the poster above is saying it is.
what about student loans of over $100K, there goes your downpayment.