Posted by Leonard Steinberg on September 12th, 2012 This mornings grotesque headline of the killing of the US Ambassador J. Christopher Stevens in Libya by a thuggish angry mob, leads me to believe that the extremists, liars and those who support them may actually be winning. An idiot produces an amateur video/movie mocking the prophet Mohammed…..a… [Read More]
SEPTEMBER 11th LESSONS
Posted by Leonard Steinberg on September 11th, 2012 Today as we remember those whose lives were lost on 9/11, and how everyone’s life was changed forever, certain lessons emerge: 1) After 9/11, Manhattan real estate stopped. Most thought the market would go into a freefall. Three months later the market bounced back with a force… [Read More]
GREENWICH VILLAGE: THE GILDED GHETTO?
Posted by Leonard Steinberg on September 5th, 2012 This month Vanity Fair termed Greenwich Village the “GILDED GHETTO”: is this the appropriate description of the neighborhood everyone, including foreigners, Uptowners and Downtowner’s, agree is the ultimate New York living environment? The area’s unique combination of (guaranteed) low lying buildings that provide the best light in… [Read More]
OUR CRAZY WORLD: WILL REAL ESTATE RESCUE GREECE IF THE EU WON’T?
Posted by Leonard Steinberg on August 24th, 2012 Now that I am on vacation in the hot-hot South of France, I have had more time to absorb the world’s craziness and get a better global perspective. While watching the BBC this morning, I caught up on world events and wanted to compare the following to… [Read More]
APPRAISAL INSANITY: THE NEW MATEMATICS IN REAL ESTATE APPRAISALS?
Posted by Leonard Steinberg on August 20th, 2012 A new insanity has reached our shores in “Appraisal-Land”: Yes, New York Real estate appraisers have come up with a new ‘SCIENTIFIC’ method for valuing apartments that is so absurd, ridiculous and stupid, it defies logic. This is what they are doing: The appraiser will come in for… [Read More]
MARKET ST: RHINEBECK’S NEW RESTAURANT TEACHES THE MOST IMPORTANT REAL ESTATE LESSON.
Posted by Leonard Steinberg on August 19th, 2012 A wonderful new restaurant just opened Upstate New York in Rhinebeck: Market St. (I am an investor, so naturally a bit biased) Last night, the second night, was nail-biting. Would people show up? Would the place be a success? The lesson learned is that a premium location… [Read More]
NEW YORK MONTHLY COSTS AS DISCRIMINATORY AS MITT ROMNEYS TAXES?
Posted by Leonard Steinberg on August 16th, 2012 In a country where most who earn $ 1 million pay over 30% in federal taxes, yet a few of the ‘chosen few’ like Mitt Romeny pay closer to half that (huh?), and where Obama thinks New Yorkers who earn $ 250k per year are rich, it is… [Read More]
ANOTHER WEST VILLAGE MEGA-MANSION?
Posted by Leonard Steinberg on August 15th, 2012 We have heard that a contract has been signed on the building at Washington and Charles Street? Will this become the next Gottesman/Bass-style mega mansion that has infiltrated the area and made the West Village the best location downtown….by far?
DOES TELEVISION AND THE WEB MAKE REALITY OUT OF LIES?
Posted by Leonard Steinberg on August 15th, 2012 We are witnessing the very worst of THE BIG LIE, whereby just because something is displayed or said on television and online, it automatically becomes reality: This election cycle is amplifying this horrible phenomenon. The Obama campaign runs an ad. that blames Mitt Romney for the death… [Read More]
100 MILLION DOLLAR LISTING?
Posted by Leonard Steinberg on August 10th, 2012 Now that another property has come on the market at $ 95million located at 50 Central Park South, is it time to start a new show: ONE HUNDRED MILLION DOLLAR LISTING? We are slowly but surely heading towards ONE BILLION DOLLAR LISTING……