Posted by Leonard Steinberg on March 3rd, 2014 The World has finally caught onto what I have been talking about for years – LUXOFLATION – the excessive inflation on luxury products, including real estate. In this morning’s Wall Street Journal, an article addresses the subject specifically related to retail. Despite expanding into new markets, the… [Read More]
5 INSANE DOUBLE STANDARDS
Posted by Leonard Steinberg on March 1st, 2014 Here are some crazy double standards to ponder….. 1) NSA whistle-blower Edward Snowden has sought refuge in Russia (the world’s shining bastion for human rights) from the abusive horrors of the US spying on its citizens…..while Mr. Putin boasted during the Sochi Olympics that every e-mail, text and phone call… [Read More]
Authentic, classic designer-renovated SoHo loft living at its very best: 152 Wooster St
Authentic, classic designer-renovated SoHo loft living at its very best: This seductive home with approximately 2,800sf of meticulous living space is located on a quintessential cobbled street in the heart of Downtown’s most sophisticated neighborhood amongst the world’s leading boutiques, restaurants and galleries. This triple mint, fully renovated home is configured as a sprawling 1… [Read More]
New Listing! 447 West 18th Street #4E
Located in the heart of West Chelsea, moments from the Meatpacking District, Chelsea Piers, The Hudson River and Highline Parks and so much more, The Chelsea Modern Condominium has the luxury of a 24-hour attended lobby, private fitness center, bike room, landscaped roof deck and cold storage for fresh grocery deliveries. Spacious and expansive, this… [Read More]
NEW YORK ROAD RAGE
Posted by Leonard Steinberg on February 27th, 2014 We have all complained about the condition of our New York roads before, but at times we may have felt we were whining: we were not. Its really that bad according to a new report released by TRIP, a Washington, D.C.-based national transportation organization. Have you ever driven… [Read More]
REAL ESTATE TAX LAWSUIT: DEBLASIO’S PARK SLOPE PAYS LOWEST TAX
Posted by Leonard Steinberg on February 27th, 2014 In this morning’s Wall Street Journal, Josh Barbanel writes about a class-action lawsuit launched posing a constitutional challenge to New York City’s complicated property-tax system, a formula that has mystified skyscraper owners and renters for a generation. http://online.wsj.com/news/articles/SB10001424052702303801304579407651052464532?mod=WSJ_NY_MIDDLETopStories&mg=reno64-wsj It is charged that the system unfairly affects blacks and… [Read More]
THE COST OF OBESITY
Posted by Leonard Steinberg on February 26th, 2014 So many New Yorkers were outraged by Mayor Bloomberg’s efforts to curb obesity by posting nutritional and caloric content with all foods sold (now a world-wide trend), limiting the size of sugary sodas, banning trans-fats, etc. They said he was being too invasive with people’s ‘rights’, yet… [Read More]
THE COLD STATE OF HOUSING
Posted by Leonard Steinberg on February 25th 2014 Has the success of the housing market in the past few years been a result of ultra-cheap money and artificial demand because REIT’s and investors have bought large swaths of housing stock? Housing starts in the U.S. dropped in January by the most in almost 3 years as… [Read More]
PIED-A-TERRORISTS? FOREIGN BUYERS ARE GREAT FOR NEW YORK!
Posted by Leonard Steinberg on February 24th, 2014 This weekend’s New York Post had a brilliant article written by a foreign owner (Diane Francis) from Canada, reminding all once and for all just how GOOD foreign buyers are for the City of New York. Recently they have been treated on the same level as terrorists!… [Read More]
NEW YORK RANKS 47th IN MERCER QUALITY OF LIFE INDEX
Posted by Leonard Steinberg on February 23rd, 2014 Mercer has released its report for 2014 for the best ‘quality of life’ cities in the world and New York ranked 47th: European cities fared best with strong healthcare, infrastructure and recreational facilities with political stability and relatively low crime levels. These are the TOP FIVE GLOBAL… [Read More]