Posted by Leonard Steinberg on May 4th, 2012 When Warren Buffet speaks, I listen: To-day he said the tepid economic US growth is directly related to the housing market. The minute construction picks up, so too will the economy as construction fuels job growth and spending. Right now I am aware of several thousand new apartments in… [Read More]
OCCUPY WALL STREET: EAST SWITCHES WITH THE WEST?
Posted by Leonard Steinberg on MAYDAY, 2012 Mayday celebrations re-kindled the fuel of Occupy Wall Streeters to-day and it made me wonder: Is Western society becoming more socialist in its thinking while traditional communist countries embrace capitalism? China, Russia, Georgia and other traditionally communist countries are thriving with a capitalist spirit that is elevating millions… [Read More]
DIRTY DECEMBER APPROACHING FAST
Posted by Leonard Steinberg on May 1st, 2012 I know its early, but each year December rolls around and we are all scrambling to write Christmas and Holliday cards and plan gifts: if only we had started earlier in the year! This year, an election year, planning for December is lots more important. At the… [Read More]
SELLER REMORSE: A NEW TREND?
Posted by Leonard Steinberg on April 30th, 2012 We have identified a new trend: sellers who once confronted with good offers and lots of interest in their properties decide to not sell and withdraw from the market ….and stay put. Many of these sellers who are forced quickly into putting on their buyer’s hats realize… [Read More]
NEW WEST CHELSEA PRICING RECORD SET AT 200 11th AVE
A new sales price record for West Chelsea: We just closed on an apartment at 200 Eleventh Avenue at $ 2,800/sf.
PARK AVENUE GOING TO THE DOGS?
Seen on Park Avenue yesterday: is this the strangest looking dog, or is it just me? Surely a dog like this belongs Downtown?
IS HOME OWNERSHIP FADING IN FAVOR OF RENTING?
Posted by Leonard Steinberg on April 24th, 2012 The press is reporting that the U.S. homeownership rate may fall two percentage points to 64 percent, below historic norms, amid about six million additional foreclosures and tight lending standards, according to Pacific Investment Management Co.’s Scott Simon. This translates to about 4 million homeowners turning into renters…. [Read More]
SEX AND THE CITY HOUSE RE-SELLS: IMPORTANT TOWNHOUSE MESSAGE?
Posted by Leonard Steinberg on April 24th, s012 The 64 Perry Street house noted for its appearance on ‘Sex and the City’ has re-sold (after the original buyers won an intense bidding war 6 months earlier) for $ 9.85million. The house had traded above the asking price 6 months ago (and again it traded this… [Read More]
SMELLS AND THE CITY – PART 2
Posted by Leonard Steinberg on April 24th, 2012 As Summer approaches, I am reminded how warmer weather can accentuate the lovely smells of New York. I noted earlier that dog owners don’t seem to care much that the trail of pee and poop schmeers they leave behind for all others to enjoy requires buildings to… [Read More]
SMELLS AND THE CITY
Summer’s coming: have you noticed the dog pee buildings clean up daily? Heat makes it worse. Is it time for a doggy tax?