by gchowdhury | Jan 23, 2019 | Buyer Tips, Fred's Blog, Uncategorized
How much does it cost each year to live in New York? For apartment owners, that answer contains two elements: what you pay to buy the place and what you pay each month to carry it. These two factors, in theory, exist on a sliding scale to one another relative to other...
by gchowdhury | Aug 8, 2018 | Fred's Blog, Market Updates
Conventional wisdom has it that the stock market and the New York real estate market travel in lock step. But what if they don’t? While their failure to do so during the last 18 months may appear to be a paradigm shift, it’s my opinion that the two markets decoupled...
by gchowdhury | Jun 25, 2018 | Buyer Tips, Fred's Blog, Seller Tips, Tips & Strategies
Warren Buffett famously said (and I am paraphrasing here) that he likes buying when people are nervous, but that he gets nervous when people are buying. Whether it’s stock or real estate, most consumers tend to freeze when the numbers descend instead of ascending. We...
by gchowdhury | Jun 13, 2018 | Fred's Blog, Seller Tips, Tips & Strategies
In the e 60s of Manhattan’s Lenox Hill neighborhood exists a townhouse that is now being represented by its 12th agent. Originally coming to market in 2008 for $35,000,000 – the property has finally moved below the $20M mark. While still no bargain, it...
by gchowdhury | Jun 6, 2018 | Fred's Blog
A few weeks ago some colleagues and I visited the Open House for our exclusive at 10 West Street in Battery Park City. My two downtown Sales Directors, Brennan Zahler and Camille Duvall, suggested that we Citibike down from our Tribeca office. I had not used the...
by gchowdhury | May 9, 2018 | Fred's Blog
Unemployment has hit record lows this week. The stock market, although battered in the last eight weeks by an ice water dose of real world problems, remains at levels almost unimaginable even five years ago. Interest rates are still low and their rise slow. Why then...