New York has a congestion crisis. The traffic patterns of the City are simply mis-managed and quite frankly, a disaster. Is it because there are now over 30,000 UBER-affiliated cars on the road compared to roughly 10,000 two years ago? Is it the removal of multiple lanes to accommodate cyclists? Is it the high volume… [Read More]
LUXURYLETTER IN TODAYS NEW YORK TIMES!
Posted by Leonard Steinberg on November 3rd, 2013 LUXURYLETTER De Blasio editorial in this morning’s New York Times: http://www.nytimes.com/2013/11/03/nyregion/reconsidering-view-of-de-blasio-as-threat-to-the-wealthy.html
LUXOFLATION HITS HONG KONG: LUXURY REAL ESTATE PRICES ESTIMATED TO DROP 25%
Posted by Leonard Steinberg on October 28th, 2013 Hong Kong is seeing signs of the effects of what I call LUXOFLATION…..the inflated inflation of pricing on the very high end of the real estate market. The frenzy to buy real estate in Hong Kong is significantly more crazy than Manhattan’s recent flurry of activity: A new… [Read More]
DEAR "MAYOR" DE BLASIO: PLEASE GET THIS HOUSING THING RIGHT!
Posted by Leonard Steinberg on October 19th, 2013 Its almost a certainty that New York’s next mayor will be Bill de Blasio who has been very vocal about the need for more affordable housing. He is correct, and just like Mayor Bloomberg has added more than 156,000 units in his 12 years, very close to… [Read More]