“Meet The New Boss, Same As The Old Boss” This lyric from The Who keeps running around in my brain, from their epic Won’t Get Fooled Again. Recently, there have been some proposals to bring transparency to the coop purchase process. Boards would have to give reasons as to why they rejected a buyer. You
READ MORE
The Locked-In Effect I’m thinking about the different reasons why people don’t want to sell their apartments in New York City right now. The New York Times is looking across the US for answers. Their argument is that homeowners who have low mortgage rates on their home- and the option of renting out their home-
READ MORE
Everybody is Scooting Around New York City. I posted my glee about using the latest Unagi scooter on my W.I.S.E.R. newsletter. It’s been a warm winter, and I’ve been taking advantage of the convenience of popping around my neighborhood. You would have thought that I shot someone. Not so fast, Mr. Harris! You didn’t know
READ MORE
It’s crazy that January 2003 is already twenty years ago. I came to New York City on July 4th of 2002, with $6000 borrowed from my mom. I am grateful that I had a mother who believed in me when I didn’t know what I was going to do with the rest of my
READ MORE
How can you make an extra $1mm on the sale of your property? Our client was selling his mother’s house. It was widely publicized when it hit the market, a townhouse on East 9th Street, brought to market with my team’s rockstars Chloe Chasanoff and Brooke Davis. The New York Times was excited to cover
READ MORE
What’s Going To Happen To All The Office Space In NYC? There’s a lot of news talking about the death of office space in New York City. Loans coming due – $16BB or more – on commercial real estate in 2023 Super low office attendance, even with mandates Tech companies walking away from leases, subletting,
READ MORE
Every Other Real Estate Market in the US vs Manhattan Every market in the US had record real estate pricing in 2020, 2021, and 2022. Except New York City. We took a while to wake up after COVID- then we also had an incredibly strong real estate market in 2021 and 2022. But NYC never
READ MORE
Complaining vs Acting I got some great advice about complaining a long time ago. It’s like a rocking chair. It gives you something to do, but it doesn’t get you anywhere. And boy, do people like to complain about every real estate market. If the market is up, they complain they missed out. And if they
READ MORE
Mortgage Rates Have Dropped For a Month Straight Mortgage rates are at their lowest in more than four months. It’s worth taking a fresh look at them. Yes, the Fed is still making lots of noise as it grapples with inflation. Ignore that for a moment. We just had a client get a 4.125% interest rate
READ MORE
Are You All-In On New York City? There are times in your life that force a decision about moving. Your landlord is selling your apartment. You have completely outgrown your place. You get relocated because of a job. Perhaps you’re going through a divorce. In these cases, people have to come to terms with moving,
READ MORE