February 7, 2023    5 min read

Dear Mayor Adams

I am one of the last lonely bulls on NYC office. (Almost) everyone else thinks I don’t have a clue or that I have just lost my marbles. In addition, I am proud that New York always finds a way to not only survive but to thrive and reinvent itself for greater success, now for close to 500 years. Finally, I love New York – just like you do. All of this, I believe, entitles me to suggest to you that allowing government employees to work from home would be a mistake.

Read More About Our Letter to Mayor Adams

January 23, 2023    10 min read

Predictions (and Recommendations) for 2023

We all know what clickbait is, and it usually (almost always) relies on a prediction of a dramatic calamity or, the opposite, a dramatic updraft of wonderfulness. In financial markets, the goal is to exacerbate fear until people get bored with that, and then switch to greed (when the bottom is reached), and then go the other way. Indeed, how many articles are titled with words like ‘record,’ ‘largest,’ ‘highest,’ ‘lowest,’ ‘biggest,’ etc? I am going to do the opposite and, as always, say what I think is accurate rather than entice with dramatic predictions, and in a nutshell, my prediction is that for real estate in general:

Read Our Predictions and Recommendations for 2023

November 30, 2022    10 min read

A Suggestion Regarding Interest Rates & Inflation

To state something up front, I am NOT predicting interest rates or inflation here. I like to think I am pretty smart – but only smart enough to know I have no more insight into that than anyone else. I mean, even that genius guy Nicholas Taleb got his head handed to him when he predicted that interest rates were going to rise in 2010, and boy did he get that wrong. My thinking here is, therefore, not a prediction, but instead a suggestion of how to handle the current situation if you are in the real estate industry

Read Our Suggestions for Interest Rates and Inflation