LuxuryBlurb

Posts Tagged ‘i-phone’

DOES BEST LOCATION = WORST QUALITY RESTAURANT?

Thursday, September 9th, 2010

I am currently traveling in Europe researching trends and getting a breather: it ceases to amaze me how many restaurants located in the very best, most desirable, attractive locations seem to have the worst food and service. Is this an international phenomena?

Thinking of New York City, I guess the definition of ‘best location’ helps determine the quality of the restaurant. But I certainly can think of many prized locations in the city that do indeed deliver some of the worst food and service. Often the best restaurants in these prize locations are grossly over-rated. Just because you have a great location are you entitled to give those dreaded tourists the worst possible experience? I think Cities should fine rotten restaurants in great locations for bad service and quality, or at least give them a rating on the front door, a badge of shame…..

“In real estate it truly is all about location,” says Leonard Steinberg, managing director of Prudential Douglas Elliman and leader of the LUXURYLOFT team. “It is unfortunate when a retail establishment abuses a prize location. It is done so at the detriment of the town or city. Thankfully blogs have helped identify the worst offenders. Maybe an I-Phone APP for this is an idea, warning un-informed tourists not to enter a rotten restaurant?”

WE ENTER THE ERA OF THE FLASH-CRASH!

Friday, August 6th, 2010

The recent equity market flash-crash was determined to be a product of the computer-run systems we rely so heavily on. The flash crash produced a 1000-plus point market drop. And worse, we should expect another flash-crash in the future. With our lives increasingly over-taken by computers, the FLASH CRASH could happen not only on Wall Street, but other part of our lives.

Think of all the elements in our lives run by computers and the possibilities become endless: Blackberry’s, I-pads, I-phones, all telecommunication systems, electrical grids, etc…..the message: In crisis lies opportunity! When the recent FLASH CRASH happened, Apple stock dropped briefly to $ 200.00……it’s trading a few weeks later at $ 260 plus….

And how does this impact real estate?  Being a much slower market place, flash crashes in real estate markets seem unlikely, but forms of them do happen. 9/11 caused a 3-month New York real estate FLASH CRASH: anyone who bought in those 3 months had a HUGE advantage….if the Sellers were nervous enough. And some were.

THE MESSAGE: “Don’t panic,” says Leonard Steinberg, managing director of Prudential Douglas Elliman andauthor of the monthly LUXURYLETTER. “We live in a new world. Adjust to these new times so that you do not make quick, rash decisions that could cost you LOTS.”