A Different Kind of Border Wall

To slow mass migration, stop the illicit capital flight from poor to rich countries.

An asset manager called ____ Capital recently sent out this email seeking referrals:

The US Investor visa program allows one to invest $500,000 U.S. in a government licensed fund for a period of about five years and in around 18 months, a conditional green card is attained for the investor and their immediate family. The investor and their family can live, work and study anywhere in the United States and there are no educational, age or English language requirements.

Most experts report that on September 30th the investment amount will increase from $500k to $1.3m, a significant jump that will price out many potential investors.

There is still time to file before September 30th if you start your process with ____ Capital now.

Others can comment on the practice of selling green cards (and ultimately US citizenships) to wealthy foreigners while millions of other applicants, some of whom would be greater contributors to the United States, continue to wait in line for years. Our concern is one step removed and has to do with the legality of this money. Read more

New York, Two States of Mind

Is New York City helping or holding back Upstate New York?

Towards the end of times, when all of mankind congregates in a final purgatory to draw the main lessons of this grand adventure called Life, there will be special attention paid to the centuries’ long efforts at harmonizing individual happiness with the needs of the collective. There will be seminars on leadership and war. There will be a thick chapter on the blessings and dangers of science. There will be a long section, co-written by poets and undertakers, on the success of freedom and the failure of tyranny. There will be wonder and consternation about religion and the nature of the universe. And there will be, inevitably, extensive reporting on economic ideology.

Here, a slim primer on laissez-faire will easily outshine ponderous encyclopedic tomes on communism, socialism and other failed -isms. Capitalism, the word and the theory, will be presented as a zealous and perhaps unnecessary attempt at creating a code for laissez-faire, something that occurs naturally. Cronyism will be understood as the corruption and distortion of laissez-faire and the phrase crony capitalism will be dismissed as an oxymoron and an unwarranted amalgamation. Read more

Manhattan Real Estate: A Conversation with Lisa Larson

14 April 2015

Sami Karam speaks with Manhattan’s Lisa Larson, a licensed associate real estate broker with Warburg Realty and a REBNY Deal of the Year award recipient. Topics include the state of the residential market and the boom in supertall tower construction, from the real to the surreal.

LisaLarson

“I get asked almost daily: ‘How is the market? What is happening in the market?’ And increasingly, it is getting much harder to define the market as a whole. So I always say: ‘Which market are you talking about?’ The super tall and skinny market [of new high-rise towers in Midtown], we read about every day. It is exciting and we see the towers from every angle. But that is not really the market that most of us live and work in, and buy and sell in. What really makes this job so exciting to me is that there are so many different sub-markets in this city.”   Lisa Larson, Warburg Realty.

TO HEAR THE PODCAST, CLICK HERE OR ON THE TIMELINE BELOW:

Lisa Larson can be reached at Warburg Realty or through her website.

Disclosure: Sami Karam and populyst have no business dealings with, and receive no compensation from, Lisa Larson, Warburg Realty or any other parties named in the podcast.