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In this Sunday’s New York Times Real Estate Section (online now), the Calculator column featured some data trends I’ve gathered during two significant prior housing market events: What Can 9/11 and the Great Recession Tell Us About Coronavirus Recovery?
Tags: New York Times, 9/11, financial crisis, Lehman Brothers Bankruptcy, NYT Real Estate, Michael Kolomatsky, racism, diversity
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Milestones
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It’s hard to believe that it’s been 16 years already since 9/11. The name of the attack is now referenced as a noun and every year I think about the events of that day – getting emails from out of state friends and colleagues asking if I was ok, with one asking if I was still alive; Watching the second tower fall; walking to Fifth Avenue and then to Sixth Avenue to see the towers in flames; No cell service; losing all access to public transportation; literally walking northward out of Midtown with throngs of others; getting a lift from my friend’s mom to Westchester county, then borrowing the car to get home to my family in CT; Debriefing with my neighbors who were standing outside like everyone else trying to learn what happened; learning that a parent of my of my son’s classmates was in the tower; hearing stories from neighbors who were talking to someone on the phone in the towers when a plane hit and the line went dead.
It seemed that everything I knew was going away and never coming back. Yet NYC showed me it never quits and I’m proud to be part of it.
Here is my interview with Tom Keene on Bloomberg TV this morning on the resurgence of downtown over the past 16 years.
UPDATE Immediately following the television spot, I walked over to their radio studios and spoke with Tom again as well as David Gura. My interview with Tom Keene and David Gura on Bloomberg Surveillance Radio so click on the graphic below and go to the 10-minute spot:
Tags: Tom Keene, Bloomberg TV, Bloomberg Radio, 9/11, World Trade Center, anniversary, Taylor Riggs
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Charts
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I gave some thought to what the long term impact of a nationally-covered local tumultuous event on a local housing market might be…
The Aug. 9th shooting death of unarmed black teenager Michael Brown by a white police officer has roiled Ferguson, Missouri, thrusting it into the national spotlight. But what happens to the town of 21,000 outside of St. Louis after the turmoil ends — more specifically, what happens to property values?
Read my latest Bloomberg View column
The Myth of Real Estate Stigma. Please join the conversation over at Bloomberg View.
My Bloomberg View Column Directory
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Tags: Superstorm Sandy, Zillow, 9/11, Hurricane Katrina, Ferguson MO, Michael Brown, Stigma, Tuscon AZ, Gabrielle Giffords, Sanford FL, Trayvon Martin, Aurora CO, Newtown CT, New Orleans, fundamentals
Some of these images were taken by myself or my staff during, to and from property inspections. Some were sent to me by friends and colleagues back then but I didn’t keep a record of where they came from, hence the lack of attributions. Unfortunately I’ve got a lot more photos but these are enough.
Tags: 9/11, Manhattan, World Trade Center
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Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state and federal courts. He holds the Counselors of Real Estate (CRE) and Certified Relocation Professional (CRP) designations. He is an Appraiser “A” Member of the Real Estate Board of New York and a member of Relocation Appraisers and Consultants, Inc.
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Forbes ('20-)
Appraisersblogs ('17-)
'Three Cents Worth' column 3CW ('05-'16)
When Curbed was acquired by Vox, my eleven years of 3CW chart art and column links were broken on Curbed NY, Curbed DC, Curbed Miami, Curbed Hamptons, Curbed LA, and Curbed Ski.
Many of my 3CW charts can be found here:
Curbed 3CW Full Chart Archive
Op-ed column ('14-'15)
'Economic Spotlight column ('03-'09)
New York Times experiment ('08-09')
Huffington Post (09')
Favorite "How to Value" Posts
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