FinCEN Geographic Targeting Orders That Seek To Identify High-End Cash Buyers In Certain Cities Extended!

FinCEN extends the Geographic Targeting Orders

Anti-money Laundering GTO extended for 180 days The Financial Crimes Enforcement Network (FinCEN) of the US Treasury has extended the Geographic Targeting Order (GTO), set to expire tomorrow Feb 24. The new GTO is identical to the current order and will not expand the cities or the dollar thresholds. Borough of Manhattan, N.Y.; $3 million […]

Renting An Apartment In NYC? Some Important Do’s And Don’ts!

List Of The NYC Apartment Rental Do

For anyone about to hunt for their first NYC apartment rental or for an apartment renting veteran, some advice from an article at Thrillist.com on common mistakes to avoid! Thrillist.com columnist Melanie Lieberman ‘spoke to a number of New York City real estate pros — licensed agents and other authorities on the city’s rental market — […]

Taxi Medallions As A Proxy For The Way Technology Can Disrupt Whole Industries

taxi medallion prices plunge

An April 2015 headline here told the story of the onslaught that faced the traditional taxi industry from technology-driven competitors like Uber and Lyft… ‘Because Of Uber, Are Taxi Medallion Lenders A Shorting Opportunity?‘ ‘In other words is the competition from Uber decreasing the demand for taxi medallions causing the price of the medallions to drop […]

Janet Yellen: Small Bank Lending + Commercial Real Estate ‘Crane Forests’ = RISK

historic commercial real estate prices

With commercial real estate valuations at levels exceeding 2007-2008, and with no shortage of new construction on the horizon, small bank lenders could be vulnerable! These snippets from a few different sources describe Janet Yellen and the Federal Reserve’s somewhat cautionary tone. ‘Commercial real estate (CRE) valuations, which have been an area of growing concern over the […]

Thinking About Selling Your Home “For Sale By Owner’ Or FSBO? Before You Do…

home sellers being pennywise and dollar foolish

Sometimes when a homeowner is selling their home, they see dollar signs and consider ‘saving’ the 3%-6% commission paid to a realtor and try to sell it on their own, aka For Sale By Owner or FSBO! But in reality is this way of thinking actually pennywise and dollar foolish? In other words does the […]

Have Governments And Banks Learned Nothing From The 2008 Financial Crisis?

Government Bonds And Consumer Debt Levels Soar While Bailouts Remain The Norm! This is an excellent read from an article at City Journal! These are some of the general takeaways… Some Key Points: ‘Bailouts remain the norm worldwide’ ‘In 2008, the world’s major central banks held little more than $6 trillion in assets, according to […]

Attributes Of Successful SmallLaw Attorney’s And Solo Law Practitioners!

what makes a good smalllaw lawyer

The differences in the workday life and times of a SmallLaw attorney versus his/her BigLaw counterpart are many and for the most part somewhat obvious! The focus for a BigLaw attorney, particularly an associate on the infamous ‘partner track‘, tends to be billable hours and to emerge in the eyes of the firms partners as a rainmaker […]

Update: New York State And The IDA Mortgage Tax Refund

Hallmark Abstract Service New York title insurance

On February 1, Governor Cuomo signed a bill (A374 / S979) that reset the expiration date of a portion of the IDA mortgage tax exemption to June 30, 2017. As you may recall, the bill removing a portion of the mortgage tax exemption initially went into effect for mortgages recorded on and after September 30, […]

Do You Still Have Favorite Sports Team?

publicly funded sports stadiums

Are you still a sports fan or have you become nothing more than a statistics watcher playing fantasy sports? The truth of the matter is that the undying loyalty of fans to a specific team has been diluted over the years because of a couple of significant factors… The first issue is that we now live in […]

NYC Supertalls: Where Size Does Matter!

supertall buildings in NYC

Driving into Manhattan from Long Island one can’t help but notice that dotting the skyline are buildings that dwarf those around them! These, are the supertalls! Defined as a building that is greater than 984-feet tall, these buildings include the famous such as One World Trade Center as well as the infamous like 432 Park Avenue. […]