Will These Denizens Of The Investing Arena Prove To Be Right Or Wrong At The End Of 2016? In an interesting follow-up to an article yesterday that described some of the risks inherent from following the herd, or Wall Street pros (‘Historic Look At Following The Herd Or Worse, The ‘Experts’, When Investing!‘), today we offer […]
As we head into 2016 the economic news out of China leaves something to be desired! And if China sneezes, does the rest of the world catch a cold? ‘Asian markets tumbled Monday on the first day of trading in 2016, with declines so steep in mainland China that authorities halted trading there for the […]
As was the case in 2014, 2015 witnessed a great many extremely large residential real estate transactions closing in NYC! The entirety of the Top 20 sales occurred in the borough of Manhattan! Of these twenty mega-deals, seven of them occurred at the ultra-luxury building One57 that has been dubbed by some ‘The Billionaire Building’. One57 is located at 157 […]
In 1971 61% of Americans were living in middle class households while only 4% were in the category termed the wealthiest! In a significant shit, today middle class households in the United States account for 50% of the total while the wealthiest households have grown from 4% to 9%. At the same time those households in the income category labeled […]
Currently there are discussions taking place in three of the tonier towns on the East End of Long Island (Southampton, East Hampton and Sag Harbor) to limit the size of new construction! For those living elsewhere around the country, the Hamptons is a region on Long Island in New York with some of the most beautiful […]
Probably not, particularly given the fact that the average income for the 354,000 attorney’s who filed as solo practitioners was $49,130 in 2012! Given that average income statistic I would therefore assume that few if any are expressing pity for the disparity in the lifestyles between the top and the bottom rungs of the Am Law […]
California real estate developer Nile Niami is spec building a home with a $500 million price tag that, when finished, will allow the lucky buyer to actually claim the title of ‘Prince of Bel Air’! Spec building, for those who may be unfamiliar with the term, entails building a home with no buyer in mind hoping […]
If you’ve ever heard of or followed technical stock analysis, then the terms ‘Triple Top’ or ‘Higher Highs and Higher Lows’ may be familiar ones! Defined, a Triple Top is the scenario when ‘the price of an asset creates three peaks at nearly the same price level. The bounce off the resistance near the third peak is a […]
This video was created by Douglas Elliman Diamond Award Winning Broker Carol Staab who ranks in the top 5% of her firms producers! In the short video Carol describes the current state of the New York City high-end real estate sales market which, judging by the statistics, can only be described as quite healthy! In […]
This short quiz will provide you with a general idea of your financial IQ and whether you should potentially speak with an expert in the field! I took this test at a meeting this morning and my score is available upon request. Financial Literacy Quiz 1) Stock prices are primarily the result of a) Level of […]
