According to a report in The Wall Street Journal, Sillerman and his wife Laura, have listed six of their homes in Manhattan, the Hamptons and on the Caribbean island of Anguilla for sale in an effort to “simplify” their lives.
Admittedly, the $120 sale did take place in 1901, but that’s still an astronomical amount of appreciation for the value of the property. In fact, it’s an appreciation of 122,499,900%. That’s 122 million percent!
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game.</p>.
Typically, for a process and a product that depends largely on human effort, if you want a higher quality product, you have to pay more. The best doctors, chefs, mechanics and attorneys all make more than the market average. Nevertheless, lenders, AMCs and Fannie Mae all expect appraisal quality to increase even as appraiser fees decrease.</p> Read More
As other industries have shown, repeatable and effective scaling requires the implementation of technology to automate sales and production and allow for change to happen efficiently. </p> Read More