This Week in Comments

New York /
Dec.December 12, 2008 05:07 PM

Caroling to sell condos
Carolers. How quaint. How foolish.

Desperate times call for desperate measures
What the hell? Has [Barbara Corcoran] lost her mind? She could very well ruin her expert reputation in the market by talking this crazy talk.

Developers attend Art Basel parties
I don’t develop real estate for the money; I do it to meet hot chicks.

Brokers blogging to get ahead
Shouldn’t brokers be selling to get ahead — making calls and doing something in terms of marketing? We don’t need anymore bloggers. I love to read, but I am not reading some random blog, by some random broker, or my own broker for that matter.

Cooper Square Hotel opens tomorrow
Finally! Another place I can have $18 drinks.

Hospitality industry under strain, hotels to offer rooms on the cheap

He talked about budget hotels that were outside of the center of Manhattan. They suffer because four-star hotels will become the new budget hotel.

New Jersey tries to lure Bronx wholesale market

Why does New Jersey always have to suck off of NYC? They would be nothing if not next to us. Try and bring business from other areas that would benefit the region.

Rockrose offers buy-back guarantee in LIC
1. Why do idiots still think renting is “throwing money away?” Owning has plenty of costs that are never recouped: after-tax interest expense, taxes, maintenance, cost of capital, insurance, transaction costs. People consistently underestimate these costs that drive the cost of ownership up often to a level well above that of renting.

2. The offer doesn’t make financial sense – If you’re going to sell for a 10 percent gain after five years then you’re better off renting for those five years. Your small gain will be eaten by transaction costs. Your monthly payments will be much smaller if you just rent something.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
NYCEEC co-CEOs Curtis Probst and Fred Lee (iStock, NYEEC)
The wait is over: C-PACE finally goes live in NYC
The wait is over: C-PACE finally goes live in NYC
Confidence is lowest in the Northeast and Midwest, at 73 and 70. (iStock)
Homebuilder sentiment slides to 10-month low in June
Homebuilder sentiment slides to 10-month low in June
Anita Durst and images of Chashama (Photos via Getty, Chashama)
Durst-backed nonprofit puts startups into empty storefronts
Durst-backed nonprofit puts startups into empty storefronts
Fair Housing Justice Center President Bernhard Blythe and Eastchester (Blythe Designs, Getty)
Discrimination suit prompts suburb to change Section 8 housing policy
Discrimination suit prompts suburb to change Section 8 housing policy
What would a Shaun Donovan mayoralty mean for real estate?
WATCH: What would a Shaun Donovan mayoralty mean for real estate?
WATCH: What would a Shaun Donovan mayoralty mean for real estate?
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...