Posted by Leonard Steinberg on March 21st, 2014 SOTHEBY’S International Realty distributed a rather impressive large LUXURY SHOWCASE booklet in the Wall Street Journal this morning: while the content was good with many lavish suburban properties advertised for sale, and some statistics about the luxury market and consumer, what was most telling was how bilingual… [Read More]
MANSION TAX FRAUD? HMMMMMMM……
Posted by Leonard Steinberg on March 20th, 2014 Mansion Tax is imposed on properties sold in New York State costing $1 million or more: has anyone seen a mansion anywhere in Manhattan, Queens, Brooklyn or the Bronx for $1 million? In other words, this MANSION TAX is simply a disguise for another tax that hurts the… [Read More]
THE DIGITAL IRON CURTAIN: IS WEB FREEDOM IN DANGER?
Posted by Leonard Steinberg on March 20th, 2014 Are the freedoms of the WEB under attack ever since Edward Snowden became the whistle blower on US government web surveillance? It appears so. As the do-gooders of the world celebrated Snowden’s ‘courage’ for revealing that the US government closely monitored activities on the web (was that… [Read More]
DOES GOVERNMENT STIMULUS FUEL HOUSING VALUES?
Posted by Leonard Steinberg on March 17th, 2014 Does Government stimulus fuel housing values? Apparently in the UK with its ‘HELP TO BUY” program the answer is YES: London housing prices surged 2.1% from February to a record this month, as the buoyant outlook spread to other parts of the country: annualized this equates to… [Read More]
NEW YORK IS WORLD’S TOP FINANCIAL CENTER
Posted by Leonard Steinberg on March 15th, 2015 New York has ousted London amid growing regulation, scandals and EU concerns as the world’s top financial center. The top 4 cities in the twice-yearly survey by consultancy Z/Yen Group remain the same: London, New York, Singapore and Hong Kong. London has held on to the lead over New… [Read More]
DAILY NEWS ARTICLE ABOUT 560 WEST 24th STREET
Posted by Leonard Steinberg on March 14th, 2014 Great article about 560 West 24th Street in this morning’s DAILY NEWS: http://nydn.us/1goCJjZ
$14.1 BILLION WALL STREET TAXES COLLECTED FOR NEW YORK CITY AND STATE TAX COFFERS
Posted by Leonard Steinberg on March 13th, 2014 Wall Street’s profits in 2013 were the seventh-largest ever: the combined profits of Goldman Sachs, JPMorgan Chase and other banks and brokers fell by 30% and revenues across the industry were flat, yet New York City collected $3.8 billion in Wall Street-related taxes last year, the second most ever!… [Read More]
NEW BUILDING REAL ESTATE TAX DISCRIMINATION
Posted by Leonard Steinberg on March 10th, 2014 PLEASE can someone explain to me why two beautifully finished out apartments in A-grade buildings in a prize location in Greenwich Village about 1 block apart from one another ON THE SAME STREET are being billed more than DOUBLE the other for real estate taxes? No, I… [Read More]
DOES AFFORDABLE HOUSING MEAN RENTAL HOUSING?
Posted by Leonard Steinberg on March 9th, 2014 As the cries for AFFORDABLE HOUSING grow in a city where labor, land and material costs keep escalating, it is probable that the only real solution for affordable housing is RENTAL housing. The percentage of new homes being built as rental apartments is at the highest level… [Read More]
MAYOR DE BLASIO: THE TEACHER’S UNION SOLDIER?
Posted by Leonard Steinberg on March 8th, 2014 Mayor de Blasio’s intense focus on the destruction of New York’s highly successful Charter School program begs the question: what are our Mayor’s priorities? Charter Schools have been a huge success and only cater to around 70,000 kids, or 7% of the system. For a mayor who… [Read More]