Posted by Leonard Steinberg on May 8th, 2013 I have repeatedly griped about the huge (un-constitutional)disparity in the way real estate taxes are assessed in New York: the range is often so large between very simlar properties that it would be laughable if it were not that sad. The system is driven politically, and this… [Read More]
BE CERTAIN OF MANHATTAN INFLATION…..VERY CERTAIN. (AND NO, ITS NOT 2%!)
Posted by Leonard Steinberg on May 3rd, 2013 The one thing that almost guarantees that real estate will continue its upward pricing trend is the fact that big city inflation is quite different from the rest of the country’s (I believe artificially deflated) inflation figures. Did cab fares go down during the recession? Food prices?… [Read More]