$23.99 million. For an apartment.
And get this - the sellers only used it as a pied-a-terre. (That's a vacation home, for those who skipped 9th grade French.) Which means they probably only visited the place 2 or 3 times a year. How much money do you have if you can comfortably part with $24 mill? I really should have gone into hedge fund management...
I don't know why crap like this makes me so mad. It's not like I'd have more if they had less, but it feels like I would. Maybe this person funds orphanages or opens schools in West Virginia, who knows? But nobody needs a $24 million house. Nobody.
Want more ridiculousness? How about a preschool that costs more per year than my entire college education?
This, from Forbes.com:
Mr. Adler would be so pleased by his legacy. More from Forbes:
Ethical Culture Fieldston
Where: Manhattan and Bronx, New York
Two schools rolled up into one, Ethical Culture on the Upper West Side and Fieldston in the Bronx, which go from nursery through high school. The tuition for preschool is an astounding $30,440 (if you were wondering, this includes supplies, books, lunch and insurance!). It was founded by Felix Adler in 1878 as a free kindergarten to children of the working poor, and it was then called the "Workingman's School."
"But paying the tuition is easy compared with getting in. Entrance to an exclusive private preschool is a painful right of passage for thousands of upscale New York moms every year, kicking off with a mad rush of speed dialing early in the morning the day after Labor Day to secure applications before schools run out of them.
The way the game works, at least for many top private nursery schools: You call to get the application, rush it back to the school and wait anxiously for word you will be granted a tour and your child will be invited to an on-site pseudo-interview the schools call a "play-date."
Some schools dispense with the play-date and just meet with families individually. Some ask for essays. Some just want to know where you live and work. (Presumably much information about your potential as a big donor can be gleaned from your address and employer).
Then there is the bone-chilling, mind-bending wait during which you agonize over your kid's performance during the play date and handicap her chances vs. the others (including that kid who went fishing in the classroom fish tank). While the process starts in September, it doesn't end until early March, when the notifications are mailed."
Nuts, right? But parents are a little stuck when it comes to preschools in this city. Almost all are private (including ours). Even at "cheap" schools (again, ours) the costs are impressive: Full-day will set you back $22,000. But aside from bucking the system and homeschooling (or "unschooling", for those who supertrendy) we don't have much choice. It all makes my stomach hurt.
Parents: What did nursery school cost for your kids? Was it worth it? And did you pay it while living in a $24 million penthouse?
*I should not that we love our school and don't pay anything close to those fees because of generous financial aid.