We invited Associate Professor of Economics at Georgetown University Ferdinando Monte to join us on this episode of Closed! to discuss the hot button topic of tariffs. Lee and Ferdinando discuss the myriad of ways tariffs could influence the real estate market in New York.
Ferdinando Monte breaks down how tariffs can cause material shortages for developers, supply chain issues for commercial retail tenants and an increase in cost for consumers. If you’re still trying to figure out how tariffs work and who they affect (like many of us are), then this episode is for you!
You can check out more from Ferdinando Monte by visiting his website.
And as always, you can reach out to Lee at Bergstein Flynn Knowlton & Pollina by visiting our site.
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The purchase or sale of real estate is a major financial transaction in a person or company’s life. A real estate transaction is a contract where the terms of the documents will determine your rights, so it is essential to take an aggressive approach to the negotiation and drafting of these documents. Failing to do so could cause the loss of significant value and may bind you to unfavorable terms.
Especially in a high-priced market such as NYC, it is important to approach these transactions with help from a dedicated attorney. Property transactions require disciplined attention to detail as well as in-depth knowledge of the law. Let a New York City real estate lawyer protect your rights and preserve your best interests.
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