Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


Archives by tag

Tax Plan Jitters Cause Sudden Collapse In Manhattan Apartment Prices In 4Q

Apparently the combination of a massive flood of excess supply in the form of new luxury developments and a Trump tax plan that penalizes people living in expensive cities by capping SALT, mortgage interest and property tax deductions was simply too much for the Manhattan real estate market to ignore in 4Q 2017.  After reaching […]

Is Amazon Killing NYC Retailers Or Is The ‘Rent Just Too Damn High?’

A few weeks ago, the office of Council Member Helen Rosenthal of New York’s 6th District published the results of a business survey conducted on the Upper West Side that showed, among other things, that some 12% of retail store fronts lay vacant.  Of the 1,332 storefronts that we surveyed, we identified 1,170 active businesses […]

Upstate New York Mall Evacuated After Shooter Injures Multiple Victims

Police and other emergency services in New York are at the scene of a shooting at the Galleria at Crystal Run mall near Middletown in Orange County. As BNONews reports, the incident began at about 3:15 p.m. ET on Sunday when officers were called to reports of shots being fired at or near the American […]

Suspect Identified In NYC Terror Attack That Left 8 Dead; Pled Allegiance To ISIS

Update 10:10 pm: The New York Post is reporting that victims of today's attack included American students and adults who were on the school bus that was rammed, along with 5 Argentinians and one Belgian. Argentina’s Foreign Ministry has confirmed that several “Argentine citizens” were among the dead, though it’s unclear how many.   Didier […]

Manhattan Office Bubble Fizzles Without Big Chinese Buyers

Authored by Wolf Richter via WolfStreet.com, Sales volume in Q3 plunges 67% from a year ago. Manhattan, the biggest most expensive trophy market in the US for commercial real estate, used to be particularly appealing to exuberant foreign investors, such as Chinese conglomerates. But in the third quarter, sales volume of large office properties (minimum […]

Nobody’s Buying Hamptons Mega-Mansions Because ‘Small Is The New Big’

Any realtor worth their salt will tell you, when it comes to the home-buying habits of wealthy hedgies and bankers, gaudy McMansions and sprawling estates are so last season. Or, as they say in Greenwich: “Small is the new big." Owners of large homes in tony Hamptons neighborhoods hoping to cash in on a frothy […]

NYC Foreclosures Surge 79%; Most Since 2009

A few weeks ago we noted that New York’s ‘smart money’ at a variety of U.S. banking institutions were tripping over each other to underwrite dividend recaps for owners of expensive commercial real estate projects just as buyers of those properties suddenly dried up completely (see: NYC Commercial Real Estate Sales Plunge Over 50% As […]