Seen when going through my bookmarks folder, appended to "Every Penny Counts" (NYT, Jul 29, 07):
An article on July 29 about people who demonstrated exceptional discipline in saving to buy homes included incorrect financial data from a buyer about his purchase of an apartment. Obi Onyejekwe paid $400,000 for his co-op in Gramercy Park, not $420,000. The down payment amount was $100,000, not $84,000. His assets reported to the board were roughly $100,000, not $84,000.
For those doing the math at home: what it means is that Mr. Onyejekwe put down a 25% down payment on his apartment, not a 20% down payment. Another 5% in home equity? Those pennies do add up!
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