Investing in the City of the Future - Part 1: How Transit Hubs and Driverless Cars Change the Game
- Jan 1, 2018
Several important trends are having a profound impact on the value of real estate, among them the increasing expense of urban areas and the advent of driverless cars. Where will people who are priced out of urban neighborhoods move to? Will transportation infrastructure improvements allow certain suburbs to be seen as extensions of the nearby city? How does proximity to transit hubs affect the value of residential real estate? How do the best investors get a feel for a neighborhood to ascertain its ability to attract a rising generation of potential residents? What happens to the value of parking once streets are prowled by driverless cars? Our featured experts present a mix of macro analysis and fascinating anecdotes from their own investment programs.
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Kenneth Weissenberg CPA, Tax Partner in Real Estate Services, is experienced in tax saving strategies and negotiating sales and acquisitions. He represents owners of some of the most well-known real estate properties in New York City.
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