Recent Posts

New York condos are becoming rentals at a record rate

Bloomberg At a new luxury-condo building in Brooklyn, one buyer told broker Ryan Serhant that she’d like three apartments — one for herself to live in, and two as investments to rent out. She wasn’t the only one. The tower, 550 Vanderbilt, had more buyers become landlords in 2017 than any other condo project in the city, according to data ...

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Is ‘gig economy’ a myth?

The ‘gig economy,’ RIP. Well, maybe. As you’ll recall, the gig economy refers to a radical transformation of the nature of work and US labor markets. Digital platforms better match workers with jobs (aka, gigs). Uber was, and is, the prototype of this upheaval. Its existence seemed confirmed. One survey by well-regarded labor economists Lawrence Katz of Harvard and Alan ...

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Trade tensions infect tech stocks

The US- China trade dispute seems to have an odd casualty: tech stocks. The market dived on Monday, with the Dow Jones Industrial Average falling nearly 500 points before rebounding by the end of the day after President Donald Trump said he would deploy investment limits against China, which has already been responding to US tariffs with those of its ...

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