- Bloomberg via Yahoo! FinanceAug 26 05:00 AM
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 ...
- BloombergAug 26 02:41 AM
Carnegie House doesn’t own the ground beneath the building and its shareholders pay rent to the investors who do. Photographer: Oshrat Carmiel/Bloomberg
- CNN MoneyAug 10 12:40 PM
Vacancy rates in Manhattan are low and rent prices are rising.
- 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.
- Curbed New YorkAug 19 09:25 AM
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...
- 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 […]
Wolf Richter: Foreign “Smart Money” Frets about Turmoil at Home, Flees, Plows into US Housing Bubble 2, Thinks it’s a ...Naked CapitalismAug 22 09:57 PM
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 […]