Posted by Leonard Steinberg on July 16th, 2012 It is fact now that US corporations are sitting on almost $ 5 TRILLION in cash, both domestically and internationally. This cash sits idle as corporations’ frustration grows because consumer demand is not strong enough to justify solid, meaningful business investment. This is my argument: Consumer demand… [Read More]
SOMETHING MORE ANNOYING THAN FACEBOOK?
Posted by Leonard Steinberg on July 14th, 2012 I never thought I’d see the day when something more annoying than FACEBOOK would hit the market…..has that day come? Yes, FACEBOOK is wonderful in connecting people and it certainly has helped me find out what an old school friend is eating these days. In real estate… [Read More]
ARE MICRO APARTMENTS COMING TO MANHATTAN?
Posted b y Leonard Steinberg on July 10th, 2012 Mayor Bloomberg yesterday unveiled a “microunit” apartment that would make some hardened NewYorkers claustrophobic: The homes measure between 275 and 300 square feet, the size of some ATM vestibules in Times Square, and will be built in Kips Bay. They are part of a pilot program to find… [Read More]
NEW YORK CITY TAX FACTS: REAL ESTATE TAXES FOOT THE BILLS
Posted by Leonard Steinberg on July 3rd, 2012 The New York City Budget for 2013 is $68.5 billion, less than a one percent increase over last year. Yet some homeowners saw double digit rises in their properties assessed value? Since fiscal year 2003, New York City’s budget has increased 53.5 percent from $44.6 billion, higher… [Read More]
THE BEST SOLUTION FOR THE INCANDESCENT BULB REPLACEMENT?
Posted by Leonard Steinberg on July 3rd, 2012 The invasion of those hideous fluorescent light bulbs and cold-looking alternatives to incandescent lighting has snowballed recently and the results are simply horrendous, providing a quality of light that leaves humans looking in-human and rather hideous. Some lobbies and hallways of high end New York buildings are beginning… [Read More]
HELL HATH NO FURY LIKE A REJECTED CO-OP BUYER: ONE 57 GOES SHEIK!
Posted by Leonard Steinberg on July 2nd, 2012 There is rumor that the prime minister of Qatar is ready to pay nearly $100 million for the city’s most expensive penthouse — a super-slick, Thomas Juul-Hansen designed, two-story showplace atop the One57 condominium across the street from Carnegie Hall, The New York Post reports this morning… [Read More]
MASS STUPIDITY IS CONSISTENT…..
Posted by Leonard Steinberg on June 30th, 2012 One of the most glaring facts about the healthcare problem is: 1) Too many un-insured go to emergency rooms for medical assistance: the cost of treating these ailments in an emergency room is significantly greater than if they were treated in a regular doctor’s office visit. 2)… [Read More]
MANHATTAN/NEW YORK: THE BEST CITY FOR THE NOUVELDERLY?
Posted by Leonard Steinberg on June 24th, 2012 Did you know that life expectancy has risen by over 10 years in New York since 1987? That is more than any other city in the USA. The average Manhattan based New Yorker is expected to live 82 years….that beats Hawaii! A lot of this dramatic increase… [Read More]
MORE CONTRADICTIONS
Posted by Leonard Steinberg on June 20th, 2012 We can now all agree on one thing about the economy: housing has been the # 1 driving force behind the meltdown. Too many people bought over-priced houses that they could not afford. There was a massive over-supply. And there were too many speculators driving pricing up… [Read More]
GREEK LESSONS: IS HOUSING THE ANSWER?
Posted by Leonard Steinberg on June 20th, 2012 As the “Great Greek Tragedy” unfolds, there are so many lessons to be learned. This is what I am seeing: 1) It is clearly evident that salaried people are those carrying the brunt of the tax burden in Greece: that burden will more than quadruple now… [Read More]