This Month in Real Estate eNewsletter – November 2017
Affordability is a complex web. Home prices, incomes and mortgage rates all factor in. Land use limitations also play a role—but not as large and unchanging a role as location overall, according to a recent analysis by Freddie Mac.Home builders often cite compliance costs related to land use and zoning as a factor—expenditures that, over … Read more
The Secret Behind Family Wealth Part II
What You Need To KNOW The payment of income or capital gain tax on the sale of property can be voluntary thanks to Section 1031 of the Internal Revenue Code which is one of the most underutilized sections of the tax code. Perhaps the problem lies with calling the procedure an exchange as this creates … Read more
The Secret Behind Family Wealth Part I
(Hint: think real estate, “they ain’t making anymore of it”)1st of a 3 Part Series Ok, so you know all the names, the Trumps, the Dursts, the Lefraks, the Rudins, the Rockerfellers & more… NYC Real Estate Family Dynasties………..How did they do it? How were they able build such incredible fortunes? And maybe even more important … Read more
The Case for Selling Sooner Rather Than Later: Is the Sun Setting on the NYC Seller’s Market?
This is the Special Report sent to our clients on December 1st 2015 ** UPDATE *** Urban Digs restates/upgrades their data. Urban Digs, from which we derive much of the data we analyze has found discrepancies in the data that the RLS puts out. They have applied corrections to the data which will result in … Read more
The 5 Most Instagram Worthy Places Near You
From architecture to local art, Instagram is the best place to give your favorite spots in town some love. Whether you’re an avid blogger or just starting out on the gram, these are spots you don’t want to miss. View this post on Instagram A post shared by Nat Geo WILD (@natgeowild) View this post … Read more
Storm Clouds on the Horizon?
Occasionally I still get the impulse to walk through the doors of 86 Trinity Place, pass through the members lounge and down the escalator, go to the coatroom and trade my suit jacket with Dave for my traders jacket, walk to the back and exchange pleasantries with Mike as he gets me my floor shoes, … Read more
NYC Storm Clouds Still in Sight
With all due respect to Lawrence Yung, PHD and Lead Economist at N.A.R., and his post in Forbes on 2/3/16 about a re-acceleration of home prices https://www.forbes.com/sites/lawrenceyun/2016/02/03/re-accelerating-home-price/?sf20435189=1#5464d7af2149 Boots on the ground in NYC (which many consider to be a proxy for the nation) tell otherwise. His basis is that home prices rose 7.6% nationally over … Read more
Love It or List It?
Despite what real estate reality shows might have led you to believe, the decision to sell your home isn’t simple — and it definitely isn’t a decision that you can reach in 30 minutes. This is true even if you never really loved your property in the first place, or it’s become a daily cause … Read more
Is Buying A Home Right Now A Mistake?
When you see all those “for sale” signs pop up in your neighborhood — and then see them change to “under contract” shortly afterward — it’s easy to feel like you’re missing out if you’re not buying a home this summer. So, you run the numbers, spend nights scrolling through listings, and start to imagine … Read more
BREXIT
Brexit….. My take is that it is not necessarily an anti-Europe vote, it is an ANTI POLITICIAN vote. The British politicians have sold the people out in favor of globalism, and while great for the political ruling class, that’s proven to be not what is best for the British people. The Brits standard of living … Read more
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