West Village Condo Good investment?

I'm curious; what kind of mortgage do you have that it goes down by $700 a month? Is it an adjustable that moves in tandem with short term fed funds rate?

6.25 fixed rate 30yr. I mean my principal goes down by close to 700.

If you like it, live there at and u are planning to do so for several years, you are fine. It's not called good investment, though, as RE is suffering, but you are not alone: everybody in the stock market, or in the commodities market, or in the real estate market outside of Manhattan are doing much worse for now. I have the feeling that nobody is winning. This market is beyond any market. This is the end of the world as we know it, only time will tell if it was a good move.

Also, West Village, along with Chelsea, is way overpriced in my view. So, if you like your apt. as a long-term investment, congrats. If not, well, I am sure the market will pick up in time and you will have more options...