Everyone is feeling the crunch of the ongoing recession and as building communities look for ways to raise revenue without adding to their residents’ current financial worries with large assessments, flip taxes are becoming a hot topic.…
Bad economic news is pretty much inescapable these days. You can’t turn on the TV without hearing about another round of layoffs or plummeting consumer confidence. The stock market is a roller coaster, retirement funds are shedding valu…
On September 15, 2008, Lehman Brothers investment bank went under in the largest bankruptcy of all time. The economy was already on the decline, other august companies had already foundered, and both presidential candidates were procla…
Despite the collapse in housing prices in much of the country and a definite slowdown in sales, new residential development in New York City—and Manhattan in particular—continues, though at a much more modest pace than in recent years. T…
The year 2008 is likely to go down in history as one of the most disappointing (or maybe flat-out alarming) for the U.S. economy in general. To be fair, the city hasn’t suffered as much as most of the nation has—but the co-op and condo …
Examining a few pounds of freeze-dried goji berries in the Bowery neighborhood’s Whole Foods market, it is easy to forget that you might be standing in the exact spot where the Bowery Boys, clad terrifyingly in stovepipe hats and flared…
With the constant rise in energy costs, the use of “peak generating plants” and increased individual energy consumption, we are seeing a direct impact on our monthly electricity bill. According to Con Ed, July 2008 set a new record of 6…
Looking to save the planet—or just a few bucks—more and more New Yorkers are looking to “green” their lifestyles. Environmental watchdogs are quick to point fingers at gas guzzling automobiles as prime contributors to climate change, but…
One impact of climate change is being felt as natural disasters of increasing frequency and strength are causing extensive damage to homes and businesses. The four hurricanes of 2005—Katrina, Rita, Wilma and Dennis—caused more than $57 b…
If only I had had an extra $100,000 25 years ago. (OK—an extra $100,000, today would be good too.) But that’s what I kept thinking as I sat chatting with Oliver Allen, a retired journalist and author who is now a regular contributor to h…