“Offer Inflation” 2014: Offers as the New Dinner Reservation?

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 We know about “currency inflation.”  This is a process by which the exchange value of currency falls, even though the stated value of the currency rises ($100 in the bank is now $103), but since what formerly cost $100 now costs $105.  See http://en.wikipedia.org/wiki/Inflation. Consumers have figured this out.  We know about “grade inflation.”  This [...] Read More

The Business of Sharing

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For the past 14 years I’ve been a successful real estate broker in one of the most expensive, dynamic cities in the world. I’ve spent nearly every day of that time helping my customers sell and purchase homes throughout Manhattan. One of the things I love about my job is witnessing the many changes that occur for my clients over the years. People move on, times and priorities change, families grow, people downsize, upgrade, move back to the city, get [...] Read More

Central Park – from the Boat Pond to Strawberry Fields

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I had another blog post written for this week, complete with photos. Then, New York City decided to break into spring – finally, after a persistent and painful winter, it was suddenly warm, sunny, and bursting with new blooms. I was compelled to take a dérive in Central Park, as it beckoned a block from [...] Read More

Party Animal

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“Everybody, this is Ted and Annette Fleming! Ted has a small carpet cleaning business in receivership; Annette’s drawing a salary from a deferred bonus from two years ago! They got fifteen thousand left on the house at eight percent.  So they’re okay! So, does anybody wanna play Parcheesi?” – Rick Moranis in Ghostbusters I have [...] Read More

The High Line

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In previous blog posts I have discussed the concept of a dérive, an unplanned walk through an urban environment, and also mused on why city dwellers might be willing to pay a premium for a view of nature. This week’s derive is a little less unplanned, but might be one of the best examples of [...] Read More

A bank of flowers along the High Line.

A Primer for Buyers in a Hot Seller’s Market

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NYC property values have been rising steadily for more than two years. According to reports from the major brokerages, the number of closed transactions in Q1 2014 was at a seven year high, setting new records with average apartment prices exceeding $1.7M. Limited supply and high demand have become chronic market conditions which continue to [...] Read More

Times Square into Hell’s Kitchen

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My previous blog posts about taking unplanned walks in an urban environment (a dérive) have all centered around the Upper East Side of Manhattan. As Monty Python would say, “And now, for something completely different!”  This dérive will begin in what is perhaps the area of Manhattan that residents love to hate, Times Square, and [...] Read More

Times Square - someone is always taking a photo!