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]
NEW YORK SCAFFOLDING LAW AND THE INSURANCE RACKET
Posted by Leonard Steinberg on March 10th, 2013 Everyone is chattering at the rising costs of a New York apartment. What most don’t realize is the dramatically increased costs of land, and worse, the rising costs of insurance during construction. Its time to reform New York state’s infamous scaffolding law. The law, which dates back… [Read More]
NEW YORK CONSTRUCTION COSTS/ECONOMY SET TO RISE?
Posted by Leonard Steinberg on July 8th, 2011 The past few weeks have been a hive of activity with developers snapping up development sites throughout the city: yes, the new development market is waking up and it is waking up with a LOUD BANG. These are some of the projects in the pipeline: The Drake… [Read More]