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Who is buying the ultra-luxury apartments in New York today?
  • 18/06/2019
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Who is buying the ultra-luxury apartments in New York today?

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Descripción de Who is buying the ultra-luxury apartments in New York today?

A Forbes’s Magazine recent article asks, “Who is buying the big-ticket New York City homes today?”
In San Francisco, it is the Silicon Valley people. In Los Angeles, it has mostly always been show business and music people that have continued to fuel the mansion market. The identity of the New York ultra-luxury buyer has tended to be a more elusive target. During the run-up to the recession of 2008/2009, it was venture capitalists and, once again, the traders, many of whom were hawking mortgage-backed securities. And after the recession – the hedge fund guys have tended to be something of a boys’ club.
The panel weighs in on this.
Also at this Hour: New York state passed an increase in the so-called “mansion tax” on all homes above $1 million earlier this year. Instead of a simple 1 percent levy, the new tax will be more progressive, rising up to 3.9 percent on homes that sell for $25 million or more.
What do sellers need to know as they consider pricing?
Let’s find out.

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business VoiceAmerica variety Good Morning New York Real Estate with Vince Rocco

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