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    1. The record price for a Brooklyn home broke the $15 million threshold this summer, and by now it’s widely accepted that New York’s outer boroughs are not much of a bargain, growing further out of reach for the aspiring homeowner. Eventually, to make a profit, developers have to build luxury buildings, according to Jonathan Miller, the president of New York appraiser Miller Samuel. The cause ...

    2. Carnegie House doesn’t own the ground beneath the building and its shareholders pay rent to the investors who do. Photographer: Oshrat Carmiel/Bloomberg

    3. Vacancy rates in Manhattan are low and rent prices are rising.

    4. The Race to the $1 Million Parking Spot

      The Wall Street Journal via Yahoo! NewsAug 19 10:01 AM

      In cities like San Francisco, New York and Boston, parking prices have reached an all-time high. At least two new developments in Manhattan are asking $1 million for a single parking spot. Condominium developers are touting parking spaces with glossy brochures and promotional videos, marketing the small patches of concrete as luxury amenities.

    5. This week, real estate appraiser, Curbed graph guru, blogger, and newsletter writer Jonathan Miller looks at 24 years of Manhattan price data. It's been a while since I dropped in on Curbed with a Three Cents Worth post but since...

    6. Prices Are Down Queens Last Month, But…

      Queens TribuneAug 06 07:58 AM

      BY LYNN EDMONDS Staff Writer The average rental price in Northwest Queens is over 10 percent lower than it was a year ago, a June 2015 report by Douglas Elliman Real Estate said. But Queens renters shouldn’t get too excited. The data is not indicative of a true downward trend in rental prices in the […]

    7. Lambert: Just what we need; more 1%-ers. And if turmoil in emerging markets keeps up, we’ll have more of ’em, as conditions “at home” sharpen. By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street. Wealthy, very nervous foreigners yanking their money […]

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