search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffHousing deal critics spin themselves sillyHousing deal critics spin themselves sillyDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discount
New York

Editor’s note: A case for irrational exuberance

From the November issue: 014 Edit note se FINAL.inddSome readers are telling us there is a bubble in the luxury market. We got this note last month that the three signs are:

Sign Up for the undefined Newsletter

1. A daily dose of superbroker Dolly Lenz appearing on CNBC
2. A Red Hook condo selling for $1,250 per square foot
3. Michael Shvo on the latest cover of TRD

To address that last one: It’s true, the bad-boy broker was on our cover in August 2006, in the midst of that historically hot market, before appearing there again last month, reborn as a developer with plans for soaring towers. [more]