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The reason people pay 2% now is because a trophy property in Manhattan will generally get above average growth yields (ON TOP of the already ridiculous growth inherent in ANY Manhattan property) on it leases when they expire or renew. A non trophy asset may increase its rent by 30% in 3 years, but a trophy asset probably has a 70%+ growth in it rents. 2% now is 12% in 5 years with almost zero risk of default.
One of the exercises that the Women in my Success Circles do at the end of the year is to take a Inventory. It helps to illuminate what went well and also where they might need some support moving forward into the next year. Grab a pen and some paper.
Here a quick how to video explaining the whip crack known as the fast figure eight. Adam Winrich is using an eight foot Indy on a Budget bullwhip, which he made himself. This tutorial video will be sure to get you out there, buying a whip. Edwards Sons in St. Louis. "But the market seems in pretty good shape judging by this very minor drop, so I see the market struggling upward in the next few weeks.".
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