Thursday, March 20, 2014

Interviewed by TheStreet on Wall Street bonuses and impact to real estate

By Juliette Fairley

NEW YORK (MainStreet) — The average bonus paid to securities industry employees in New York City grew by 15% to $164,530 in 2013, according to estimates released by New York State Comptroller Thomas P. DiNapoli. The estimate includes cash bonuses for the current year, supplemented by compensation deferred from prior years. And the lucky recipients are looking for safe ways to stash their cash.

Tuesday, March 18, 2014

Are millennials being squeezed out of the property market?

In America today, millennials, also known as Generation Y (those born between the 1980s and early 2000s), are being squeezed out of the housing market because of rising home prices, higher unemployment rate among millennials, lack of down payment and inability to get a mortgage because of college loans.  

Thursday, March 6, 2014

View from top of World Trade Center

Today's Time Magazine cover story shows the view from the top of World Trade Center One looking down to Lower Manhattan.  12 years of anticipation, 10,000 workers, 104 floors.  According to Time, "The tallest building in the Western Hemisphere gave new life to an international symbol and created one spectacular view."

Wednesday, March 5, 2014

New York's Best Japanese Ramen

New York Times ranks the top 10 Japanese ramen restaurants in New York.  Looks delicious and it'll be fun to try them out.

1.  Mu Ramen
2.  Ivan Ramen Slurp Shop
3.  Takashi
4.  Hide-Chan
5.  Totto Ramen
6.  Ippudo NY
7.  Hanjan
8.  Kajitsu
9.  Ramen Sanshiro
10. Bassanova Ramen NYC

Where celebrities live in New York

Interesting article from on where celebrities live in New York.  Upper West Side is the most popular celebrity neighborhood, followed by Upper East Side, Greenwich Village, Tribeca, Soho and Chelsea. 

Tuesday, March 4, 2014

New York's new condo market

The current wave of new condos in Manhattan is commanding premium prices.  According to The Real Deal's article Ranking The Hot New Condos, 47 percent of condos launched within the past 12 months have asking prices of above $3,000 per sqft.  Most are focused on larger 2-5 bedroom residences.