New York City, Home of the World’s Most Expensive Safety Deposit Boxes

Manhattan is a housing market that seems not to have a price ceiling. Home buyers the world over park their cash in NYC’s luxury homes but rarely use them. In this edition of Big Money Real Estate, I talk with Jonathan Miller, President and CEO of Manhattan-based Miller Samuel Real Estate Appraisers & Consultants. We’ll tally the gaudy condo sales numbers in Gotham, and Jonathan will explain why he calls Manhattan’s luxury condos the world’s most expensive safety deposit boxes. Other topics include the drop in affordable home construction and the surprising revelation about where home buyers priced out of the white-hot Brooklyn market are turning for more affordable homes. For more information on home prices in New York City and beyond, visit Jonathan’s Housing Notes, a weekly rundown of his thoughts on residential real estate at http://www.millersamuel.com/housing-notes/ If you haven’t already, be sure subscribe to my YouTube channel for the latest real estate tips and news: http://www.youtube.com/subscription_center?add_user=expertrealestatetips And pick up my Intentional Investor Series on thinkglinkstore.com to learn everything you need to know to become a successful investor in real estate: http://thinkglinkstore.com/collections/frontpage/products/the-intentional-investor-complete-series Looking for more of my real estate and personal finance tips? Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: http://www.facebook.com/ilyceglink