Posted by Leonard Steinberg on November 19th, 2011 As our beloved government teeters on the edge of another major meltdown with the ‘super-committee’ due to formulate a solution to our budget crisis by the middle of next week (something that could cause radical ramifications throughout the markets, especially the credit markets…. think housing), maybe its… [Read More]
THE IMPORTANCE OF GOOD SLEEP AND A GOOD BEDROOM
Posted by Leonard Steinberg on April 6, 2011 The Wall Street Journal just reported on that small segment of society that thrives on very, very little sleep. However, out of every 100 people who believe they only need five or six hours of sleep a night, only about five people really do. The rest end… [Read More]
2007 RETURNS?
Posted by Leonard Steinberg on March 18, 2011 The number of millionaires is almost at the level of those in 2007 reports the Wall Street Journal to-day. Bidding wars are back. There is a shortage of un-affordable housing. Kelly bags are wait listed at Hermes. Manhattan luxury pricing is breaking some records on even some… [Read More]
THE DINING ROOM FINDS NEW LIFE
Posted by Leonard Steinberg on December 31st, 2010 Yesterday’s Wall Street Journal had an interesting article on alternative uses for the traditional dining room. As a broker I consistently hear the story of ‘the un-used dining room’…..its a story how everyone buying a home dreams of lavish dinner parties in their dining room surrounded by… [Read More]
SUPERIOR INK HOUSTON ROCKETS PENTHOUSE SELLS FOR (KINDA)RECORD
The penthouse at the Superior Ink building in Greenwich Village, New York, owned by Houston Rockets owner, Leslie Alexander, has sold for a record $ 31,5million according to the Wall Street Journal. But is it a record for Downtown? Yes and no. The quadruplex combination penthouse at 200 Eleventh Avenue sold for around $ 33… [Read More]
MARKET HEADING DOWN? YES AND NO.
In this morning’s Wall Street Journal Josh Barbanell reports that despite rising gloom about home sales across the country, sales of apartments in Manhattan appear to have strengthened this summer, with median prices up, inventory down and an increase in the number of apartment closings. The figures suggest that the Manhattan market, buoyed by a… [Read More]
HIGH UNEMPLOYMENT? IT’S ABOUT THE REAL ESTATE!
Unemployment is very high, yet many employers are finding it extremely difficult to fill certain jobs. It is estimated that unemployment amongst the very skilled is actually rather low: We know unemployment amongst the highly educated is definitely low. In this morning’s Wall Street Journal, an article tries to establish what is causing this. Employers and economists… [Read More]
WE ENTER THE ERA OF THE FLASH-CRASH!
The recent equity market flash-crash was determined to be a product of the computer-run systems we rely so heavily on. The flash crash produced a 1000-plus point market drop. And worse, we should expect another flash-crash in the future. With our lives increasingly over-taken by computers, the FLASH CRASH could happen not only on Wall… [Read More]
CLINTON WEDDING vs. BUSH WEDDING (and the real estate)
In this morning’s Wall Street Journal, it was reported that Jenna Bush’s wedding cost a mere $ 100,000.00 compared to the stratospheric $ 3 million estimate for Chelsea Clinton’s wedding: “Bottom line? Think more like Jenna Bush, and less like Chelsea Clinton” A good point, yet one major defining issue was over-looked: the real estate…. [Read More]
THE WALL STREET JOURNAL vs. THE NEW YORK TIMES
Rupert Murdoch made official on Tuesday what has been widely reported for the past few months: The Wall Street Journal will be launching a New York section in April. Speaking at a midtown gathering of the Real Estate Board of New York, the News Corp. chairman lauded the real estate industry—a likely source of… [Read More]