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Issue 85 – It’s No Secret That Wall Street Has Been Shaken By Volatility

As the conflict in Ukraine continues to escalate, its far-reaching financial consequences are becoming more apparent. We have now seen the Dow record its fourth consecutive week of losses amid fresh worries about the global economy while oil prices have shot up to nearly $130 per barrel, 57% higher than the start of the year. […]

Issue 84 – New Year, New Mayor, New York.

New Year, new mayor. And in true New York spirit, Eric Adams wasted no time. Almost as soon as he was sworn in, Mayor Adams began urging New York businesses to bring employees back to the office, starting with a three-day work week. “COVID is here. We have to learn to live with it in […]

Issue 79 – Conflicting messages? Assessing the state of the NYC real estate market

Despite treading near historic highs, there seems to be a feeling of uneasiness in the global markets. Volatility has become the norm, and most believe it is here to stay.  Whether it’s the trade war with China, uncertain Fed policy, the impeachment inquiry, Brexit, recession fears, or the potential for a market unfriendly presidential election […]

Issue 77- New taxes, and bridging the psychological divide

The past month has been a wild ride in New York City real estate, highlighted by the passing of a progressive mansion (and transfer) tax which followed much debate regarding a potential pied-a-terre tax. I wanted to offer a few thoughts on this topic, as well as some broader, more encouraging observations on market trends […]

Issue 76- ARE CO-OPS OBSOLETE?

With the explosion in new development, the media loves to beat up New York City co-ops. But lately, they’ve been having more fun than usual. With articles like Forbes’s “Why Co-Ops May be a Thing of the Past” and The Real Deal’s “Fading beauty? In a sea of new dev, UES co-ops have fewer takers,” the old stalwarts of […]