Tuesday, February 24, 2015

Interview with El Financiero Bloomberg TV on foreign buyers investing in New York

Had the pleasure of speaking to Karla Palomo of Bloomberg for the Mexico/Latin America Bloomberg TV on foreigners investing in New York property.

Thursday, January 8, 2015

Why Billionaires Are Investing In New York Apartments

Two days ago, I created a chart showing the investment performance of New York apartments vs key stock indices.  Business Insider picked it up, had an article about it and called it, "One Chart Explains Why Billionaires Are Investing In New York Apartments."

Yes, you'll have to click on the link to read the chart and article.

Sunday, January 4, 2015

2015 is Year Of The Condo

New York Times calls 2015 The Year of the Condo as twice as many new condominium units are expected to hit the market.  This gives buyers more choices and some pricing relief as competition among developers increases.

Thursday, January 1, 2015

CNBC interview

My most memorable interview of 2014. Barely made it, had to run from Lexington to Fifth Ave because roads closed for Obama. Heart rate still up during the segment.


Friday, December 26, 2014

Interviewed by SCMP in Chinese Investors Target Property Assets Abroad

Chinese investors target property assets abroad
Trend in Chinese buying overseas property growing amid slump in domestic market, with investment in real estate soaring to US$15 billion

Peggy Sito

Some years after buying a flat in Guangzhou, mainlander Moon Wong made his first overseas investment this year, paying A$700,000 (HK$4.4 million) for a 900 square foot apartment in Sydney.
"There's a growing trend among mainland individuals buying overseas properties. I am only following the trend," said Wong, who works for a property agency in Guangzhou.

Thursday, December 18, 2014

Why a Buyer's Broker?

When buying property in New York, a buyer's broker will identify the good deals, negotiate the best price and coordinate the whole purchase process.  The buyer's broker represents the interest of the buyer and the fee is already built into the property price.  Yes, this is a good deal.

Wednesday, December 10, 2014

New York is America's Most Livable City.

New York has been ranked America's #1 most livable city.  This is based on 26 measures including job prospects, transportation, walkability and even availability of takeout food.  Check out the article in the New York Post, "New York Ranked Most Livable City".