Never count New York out
REBNY president says key to moving forward will be the way that government and the private sector work together
Category : REBNY Watch
Broker confidence hits record lows amid coronavirus crisis
President says strong policies at the City, State and Federal level are needed to support the key drivers of New York City’s economy.
Even amid coronavirus crisis, the census is vitally important
Fears the Coronavirus will lead to undercounted populations in this year’s headcount.
New Yorkers take unprecedented steps to combat the Coronavirus
REBNY is pushing for a significant expansion of federal, state and local programs to support our economy and help restaurants, retailers and small businesses.
Anti-development fervor threatening economy and longterm growth
If we want a progressive City, we need a prosperous City. If we want to be prosperous, we need to grow. Growth will create the housing necessary to accommodate an increasing population and help address our affordable housing crisis. For example, between 2005 and 2016, the City’s population increased by...
A Missed Opportunity to Reform New York’s Inequitable Property Tax System
Our City’s property tax system is overly complex, inequitable, and unfair. After decades of inaction, another report was issued with some suggested reforms. Earlier this year, the New York City Advisory Commission on Property Tax Reform released a new set of recommendations that explicitly recognize the inherent inequalities at play....
Fighting for residential rental agents and the value they provide
With all the recent attention on rental broker commissions, the perspectives of hard-working residential real estate agents have been an important part of the conversation. Contrary to a public perception that real estate agents are all “millionaires,” the residential agent earns an average of $53,000 per year. For many who...
Building sales slide means less money to pay police, firefighters
New York City’s status as a global center of commerce and culture is based on more than our growing economy, reputation for innovation and renowned institutions. Lifelong New Yorkers and those new to the Big Apple rightfully expect the city to continue to be a thriving place to live, work,...
Affordable housing crisis: The problem we need to solve
There were a lot of positives for New York City in the last 10 years. Population rose as citizens from around the world flocked to our city; attracted to low levels of crime, an innovative spirit, and steady job growth. Between 2005 and 2016 alone, the City added over a...
REBNY to honor David Greenbaum as ‘Distinguished New Yorker’
Next week at REBNY’s 124th annual banquet, it will be a tremendous honor to present Vornado Realty Trust Vice Chairman David R. Greenbaum with The Harry B. Helmsley Distinguished New Yorker Award, recognizing his outstanding professional achievements and leadership in our industry. After spending his early career as a tax...