Month: January 2013

New Development Thoughts- Tax Abatements

The new year is still very new, without a new development to rave about, per se.  I have been busy viewing “busted” new developments, leftover units in Upper East Side buildings that were not properly renovated (I won’t name names), and resales …

Mortgage Rates, Direct and Indirect Impacts

Stop me if you’ve heard this one:  “Banks are lending at nearly zero percent.  After my deductions, money cost less than 1.5%.  Why wouldn’t I borrow as much as I could?” This is the conversation I’m having with buyers right now.  They …