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I haven’t been writing as much on new development of late. In this case, I wanted to think through what buying in a particular new building would look like if you decided, from the building, that you would be buying as an investor. In this case, after five years, the math could work so thatRead more

The summer is a time to recharge the batteries. In the case of the Manhattan and Brooklyn markets, it may also be a time to get really amazing deals. I’m thinking about how mortgage rates are likely to come down, inventory is slightly up in most places, and prices are slightly down from a yearRead more

Sellers of cooperative apartments who are seeing their properties linger are wondering what they can do. You can take a look at our reports here and here for a bit more color about inventory and the market. I can point out a few trends which hurt the resale prospects of older, less renovated properties: BuyerRead more

Let’s Talk Buyers Getting buyers get educated and confident about the market is my number one job. I do a deep dive with homebuyers to understand who they are and what they’re looking for. I get to know them, their dog(s), their kids, watching them bicker, argue, joke, yell- at me, at each other. TheyRead more

If you ask sellers, you may hear that the real estate market is horrible If you ask the New York Times, you may hear that the real estate market is capable of producing BOTH horrible results AND the highest sales prices ever in the history of the United States. If you ask buyers, you willRead more

Today, I’ll talk about 1031 exchanges briefly, then move into the “hottest” new thing that generated from the tax changes at the end of 2017. This is the Qualified Opportunity Zone. The investments in these zones, which exist in every state in the US, must happen before the end of 2019. I’ve done a deeperRead more

This Savills report was super interesting and worth sharing. Vancouver, Hong Kong and Singapore have the highest costs of the cities analyzed here. All three have recently added additional stamp duties on foreigners. Some details: Hong Kong first introduced an additional 15% duty for international buyers in 2012. Singapore followed with its own 15% AdditionalRead more

  A choppy real estate market like this does a number on buyers. Think about it this way: Buyers (1) always want a deal, (2) are anxious that they are currently in a softening market, and (3) are spending a lot of money objectively, no matter when they buy in NYC. Additionally, buyers see thatRead more

To speak to Scott about buying or selling, click here Let’s talk about buyers again this month and buyer psychology. I have been selling properties for over 16 years, and buyers seem as skittish as they have ever been. What gets buyers off the sideline is a sense of value. But what gets them toRead more

Many of the well-known books on investing talk about buying when their is blood in the streets. That is, to take a contrarian view to things, to buy when everyone else is running or scared to do so. To trust that a market will revert to a mean, or that over a long enough timeRead more