Posted by Leonard Steinberg on March 7th, 2012 Peggy Noonan penned a telling article about the US economy in the Wall Street Journal: she says the focus should be on jobs, because the country needs jobs more than it needs class warfare and threats of doom and gloom from President Obama…..even though 236,000 jobs were… [Read More]
GLOBAL WEALTH FACTS – THE FUTURE OF THE LUXURY MARKET LOOKS BRIGHT – NEW YORK WEALTHY TO RISE 36%
Posted by Leonard Steinberg on March 6th, 2013 For anyone wondering about the longterm future of wealth in the world and especially New York, here are some facts to ponder: Over the next 10 years, New York will see a rise of 36% of High Net Worth Individuals, those with assets above $ 30million……does that… [Read More]
KNIGHT FRANK WEALTH REPORT 2013 SHOWS NEW YORK STRONGER THAN EVER
Posted by Leonard Steinberg on March 6th, 2013 The KNIGHT FRANK (our international affiliate)Wealth Report just came out, and New York is looking good: here is a summary….. Battered but not bowed – New York remains the world’s financial powerhouse weathering the storm. New York has beaten off both the elements and stiff competition from… [Read More]
LAMBORGHINI SIGNALS A SHIFT IN THE UBER LUXURY MARKET?
Posted by Leonard Steinberg on March 5th, 2013 Ahead of the Geneva Motor Show this week, pictures of a new Lamborghini Veneno so exclusive — and expensive — that it’s only being made for three people, who have already supposedly put down their deposits, were leaked. Does this signal a shift in the ultra luxury market… [Read More]
IKEA TO OPEN 50 BUDGET HOTELS IN EUROPE: ARE CONDOS NEXT?
Posted by Leonard Steinberg on March 5th, 2013 IKEA, the mega-store for modern design-on-a-dime budgets is entering the hotel business (meatballs for room service?)in partnership with Marriott and Nordic Hospitality…..are condos next? Maybe the perfect partner for those low budget micro apartments?
CORPORATE PROFITS GROW WITHOUT CREATING JOBS
Posted by Leonard Steinberg on March 4th, 2013 Corporate profits have grown strongly over the past few years, yet job growth has not. We are in a golden age for corporate profits, especially among multinational giants that are also benefiting from faster growth in emerging economies like China and India. These factors, along with the Federal… [Read More]
NEW YORK GREEN LAW TO CREATE A RENEWABLE ENERGY WEBPORTAL
Posted by Leonard Steinberg on March 4th, 2013 A new GREEN LAW was signed into effect this past week by Mayor Bloomberg, Intro 887-A: It establishes a Renewable Energy Webportal that consolidates information into an easy-to-navigate website that New York homeowners can access to study new climate change initiatives, how they can implement renewable energy systems,… [Read More]
HALF-BILLION IN FRIVOLOUS LAWSUITS: WHY NYC TAXES ARE SO HIGH?
Posted by Leonard Steinberg on March 4th, 2013 $ 506,000,000.00 per year wasted: I often wonder why New York real estate taxes are so high? Do we really get that much in the way of services from our government? We all know the unions abuse the system religiously to pay some workers excessively with excessive benefits… [Read More]
UNDERSTANDING THE SEQUESTER STUPIDITY
Posted by Leonard Steinberg on March 1st, 2013 As the SEQUESTER kicks in to-day, automatically cutting certain budgets across the board, the stupidity surfaces when you realize the cuts do not address the largest areas of the budget: entitlements. Imagine your household is having a budgetary crisis: would you cut the rent, the largest monthly… [Read More]
REAL ESTATE TAX ROBBERY: THE MOST CORRUPT TAX SYTEM IN THE WORLD?
Posted by Leonard Steinberg on February 27th, 2013 The overly corrupted, inequitable real estate structure of New York reveals further evidence now to showcase just how bad the situation is: Did you know that Class 1 (single family) properties in Manhattan have gone up over 37% since 08 yet Brooklyn’s Class 1 properties increased only slightly since 08,… [Read More]