Posted on May 29th, 2013 As more hard evidence emerges that the housing market is indeed experiencing a significant country-wide recovery, new data shows how impacting this is on the overall economy, fueling confidence and spending and off-setting other less-than-great economic news. In a consumer-driven economy, a confident consumer (with improved net worth because of… [Read More]
NEW YORK: ARE PARKING TICKETS DISGUISED TAXATION?
Posted on May 27th, 2013 Have you noticed how inefficient the systems of New York are in the area of deliveries? A good chunk of traffic congestion can be attributed to delivery trucks double parking and blocking the flow of traffic: why does the City not enforce delivery parking bays within certain hours so that trucks… [Read More]
TRIBECA EAST: HOME OF ONE 57 SOUTH?
Posted on May 16th, 2013 Is the concept of Midtown highrise living (a-la-One57)invading Eastern Tribeca? It appears so. Joining the sky-high condominiums of the Woolworth Building and 56 Leonard Street comes word that Larry Silverstein has finally secured funding for his long-planned $950 million luxury high-rise in TriBeCa: The 82-Story Robert A. M. Stern-designed tower will… [Read More]
US BUDGET DEFICIT TO SHRINK TO 2008 LEVELS: HAS RATIONAL EXUBERANCE ARRIVED?
Posted on May 14th, 2013 After this morning’s KNIGHT FRANK-led conference on the international housing outlook, predicting huge growth in demand for luxury real estate as global wealth expands, more news came in about the ever improving U.S. economy: The budget deficit will shrink this year to $642 billion, the smallest shortfall in five years….some good… [Read More]
SEEN AT FRIEZE 2013, NEW YORK
Posted on May 13th 2013 I loved this lady at the FRIEZE 2013 art show this weekend in New York on Randall’s Island: she stood in sharp contrast to all those uber-haute-culture-fashionistas in their daunting black ensembles, profound accessories, carefully placed tattoos, statement jewelry, abstract expressionistic hairstyles and seriously framed glasses. I vote for this… [Read More]
A WORLD RECORD FOR NEW DEVELOPMENT SALES AT 150 CHARLES STREET?
Posted by Leonard Steinberg on May 13th, 2013 Is it possible that sales at 150 CHARLES STREET are breaking a world record? After reaching the 3 month date on the calendar this weekend (February 11th, 2013 being the day we started sending out contracts) we are now in contract for almost $750 million worth of… [Read More]
DO YOU KNOW WHAT YOUR NEIGHBORS ARE UP TO?
Posted by Leonard Steinberg on May 9th, 2013 The horrific details of the kidnapped ladies in Cleveland are being revealed, and I am not sure what is more horrifying: the details of this crazed sadistic monster’s actions or the fact that for over a DECADE none of the neighbors had any clue there were captives… [Read More]
HEALTH CARE ROBBERY – THE MASS FRAUD/CORRUPTION THATS SIMILAR TO OUR REAL ESTATE TAX PROBLEM?
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]
NEW STEINWAY HALL TOWER COMING TO 57th STREET, THE CENTER OF THE 'POWER TOWER'
Posted by Leonard Steinberg on May 7th, 2013 It’s music to New York’s explosive new developments market: Steinway Hall has been purchased by its next door neighbor who plans to build another super-swanky condominium tower. What was once considered a mediocre block at best on New York’s 57th Street, where the two tallest condominium towers in… [Read More]
GOING AFTER THE BANKSTERS? IS THE ENTITLEMENTS BUBBLE THE NEXT BUBBLE?
Posted by Leonard Steinberg on May 6th, 2013 Do you remember the housing bubble of 2008? It appears many have forgotten it already in this heated market. Most of those banksters guilty of robbing us blind escaped any form of punishment. The government failed in its roll to protect the consumer. Is there now a… [Read More]