From Yahoo Finance:
How $6T In Inherited Wealth Is Transforming the Luxury Real Estate Market
As the great wealth transfer shifts from a theoretical forecast to a tangible economic force, demand for luxury real estate is increasing.
An estimated $6 trillion was transferred intergenerationally in 2025, primarily from the silent generation and baby boomers to their heirs, Realtor.com reported. The massive liquidity event is changing market dynamics for high-end real estate, creating a class of buyers who are insulated from the pressures of the broader housing market.
An estimated $124 trillion will transfer through 2048, according to a December 2024 report by Cerulli Associates.
“For inherited wealth, real estate is less about chasing returns and more about preserving value across generations,” Realtor.com senior economist Anthony Smith said.
That’s the sentiment that’s driving a surge in the $10 million-plus ultraluxury segment.
“Where typically someone aged 30 to 45 would afford a $3 million maximum, inherited wealth allows them to enter the $10 million-plus bracket immediately,” Manhattan broker Lisa Lippman said.
The influx of inherited capital is concentrated in specific “legacy” markets and lifestyle destinations, Coldwell Banker agent Cara Ameer told Realtor.com.
Heirs are not just buying properties — they are upgrading their lifestyles. Real estate agents in Miami and Palm Beach, Florida, report that beneficiaries often follow a specific pattern.
They upgrade their primary residence, moving from rentals or smaller condos to estates valued at $10 million or more, or they purchase second homes in ski towns like Aspen, Colorado or international hubs like Italy and Dubai.
“Many of them view luxury real estate here as one of the safest tangible assets — especially in markets like Palm Beach where inventory is limited and long-term value is well protected,” Steven Presson, an agent with Corcoran in Palm Beach, told Realtor.com.
Trump only likes TV shows featuring pre-teen girls.
Did anyone here see it? Maybe I’ll see it on the plane on Saturday as I fly out to Vegas for the Superbowl.
I forbade anyone in my house to even click it on the icon for it on streaming once it gets there. I’m sure they’d count that as a “view”, even if nobody watched it.
Luxury real estate is defined as having equity in a house and/or a sale that can result in profit. In the sphere of the NYC metro area, the potential is for anyone to be an LREO provided that they have adequate entrance fees.
Tick tick tick
BREAKING: A top GOP official in Texas says, “It looks like we f***ed ourselves with our gerrymandering. We watered down all the red districts to steal as many blue ones as possible, and now the electorate hates us and our turnout is collapsing.”
It’s 4:20 somewhere
Go long on smother pillows.
Was E pstein on Tax funded Communist Universal Healthcare for 65 and older?
Punxsutawney Phil predicts 6 more weeks of winter
https://apnews.com/live/groundhog-day-punxsutawney-phil-updates-2-2-2026
BREAKING: A top GOP official in Texas says, “It looks like we f***ed ourselves with our gerrymandering. We watered down all the red districts to steal as many blue ones as possible, and now the electorate hates us and our turnout is collapsing.”
Ain’t nobody seen that comin’.
Wut? re: “Ain’t nobody seen that comin’.”
Who is leading the charge for seats in Texas? In the all important control of the Senate we have James Dell Talarico vs Jasmine Crockett in the primary…If Jasmine win the primary does she really beat the incumbent John Cornyn?
I am going to point this out again. Democrats have a message and a leadership problem. The Orange Clown would not be running the circus right now if the Democrats just showed up at the polls. Drop in turnout for Kamala Harris was worst in the nation’s largest cities and their suburbs. There was more than enough registered Democrats to win the 2024 election.
Kamala Harris got 12 million fewer votes than Joe Biden did in 2020, a decline of 15%.
Meanwhile Trump, meanwhile, lost only 1 million votes, compared to his 2020 returns, a decline of less than 2%.
Voter turnout in the midterms is traditionally less. Which candidates are so exciting that they are going to break this trend of lower voter turnout? It’s not just Texas either…
Ten 424
Oh the horror!!!
Uber Driver Convices Portnoy To Try Her Favorite Pizzeria — He Wasn’t Impressed
What’s the over under on the NYC fiscal budget gap growing from 12 Billion to 24 Billion by Halloween?
I mean Mandami can blame Adams because he just left office, but Andrew Cuomo? Hochul has been the Govenor for the last 4 1/2 years.
Arrogant Mamdani lets homeless freeze to death on the streets of NYC.
Dumb Democrats have no message except for they are not Trump. All day, everyday, we are not Trump, but that’s all we got.
I watched the Melania movie in the theatre yesterday. I’d say the screenings in the Sarasota area were about 80% full yesterday, only the front row empty. It reinforced the idea that she was once a model and is still a model. It focused on the days running up to the inauguration and her focus was on tailoring the clothes she would wear, and what kind of decorations for the inaugural dinner she wanted. Her personality as shown in the movie combined icy formality with personal kindness to those she does interact with. The cinematography was good for a documentary – views of Mar a Lago, The White House, and Washington DC that I can’t say that I’ve ever seen before. And some shots of Musk, Bezos, and the gang at the inaugural parties. There was a bit of Donald in the movie, but thankfully pretty short – it wasn’t a political movie. The one intersection of politics with Melania showed her convincing Trump to soften a sentence in his inaugural address. She herself seems much more interested in children’s causes, thinking of ways to reduce their screen time, get foster kids into college. The few things she said about the US centered around individual rights and opportunity, and gratitude to soldiers. There was no effort to show any conflict between those ideals and Donald’s policies or behavior. It also seems to show that the two of them don’t spend a lot of time together, rarely on the same plane or in the same place generally. Seem to have separate quarters in the White House. As the producer of the film, she could have tried to make them seem much more loving or closer. In the movie, she seemed closer to her dressmaker than to Donald.
The audience in my theater were Trump fans, many cheered or laughed when Trump came on screen. For them, I suspect the most enjoyed reliving the inauguration celebrations from the first-person view of the camera, as if they were seated at the President’s and FLOTUS’ table, scenes that came near the tail-end of the film.
But ultimately it was a film about Melania, her fashion sense, her lifestyle of being shuttled between planes and homes, her First Lady interests and duties.
I guess the main thing that people find “problematic” about it is that it doesn’t portray D. Trump or his presidency as monstrous. Of course it wouldn’t. It’s also not going to turn people MAGA.
I love the trend of people blaming their own party members for the mess they left them.
Epstein as a Russian honeypot operator is such a juicy storyline. For sure conspiracy theory but damn would make a great book.
Socialist priorities in focus. as Mamdani taking allergy shots because his wife insists on having a cat in Gracie Mansion. The cat will be warm in while homeless die in the streets and garbage piles up.
Throughly expect democrats to march out a bunch of unelectables.
No One,
But HOW was it?
Arrogant Mamdani lets homeless freeze to death on the streets of NYC.
A few co-workers said the snow clean-up is/was not good. Mondoni probably sits in the mayor office chair like a kid on one of those shitty coin-operated standalone rides in a mall.
Trump (surprisingly in my view) picks Warsh to head the Fed, as they assumed it would be a Trump toady, which Warsh is not. Wall St whispered in Trump’s ear.
Throughly expect democrats to march out a bunch of unelectables.
I fully expect a blue tsunami in the midterms. I’ll be disappointed if there isn’t. The performance following will be epic. Not one measure will emerge that will appease the angry animals that elected them. The media will sidetrack yesterday’s outrage and like clockwork, those that can, will and those that can’t, won’t.
Yes Grim, the party leaders are 100% clueless. They haven’t even licked their wounds yet from the past general election.
I would like to see what these Democratic Socialists manage to do and whether or not they will end up being as corrupt as the establishment Dems. For starters, I don’t think any of them trade stocks. I know AOC leads the charge against it.
As for the streets and the frozen homeless, it’s your typical news that isn’t news. From what I read, the streets were nearly perfect. It was a lot of snow and the city always sucks at cleaning the corner cuts. As for a frozen homeless person, first, this might be the coldest Winter in modern NY history. Second, the Muslis Mayor has been in office five minutes. I doubt any policies have changed around the handling of the homeless in the cold weather. I am waiting to hear some REAL stupid thing he does. Not some propaganda from the other side. Honestly, posting that nonsense only lowers our perception of the poster.
Honestly, posting that nonsense only lowers our perception of the poster.
I’ll take celebrities and Reddit posters for $1,000, Alex.
Dem Gavin Newsom, also know as Silver Beach Ken is the front runner at this early point for Dem nominee for president in 2028.
Ken’s state has the highest unemployment rate of 5.5 percent in the country, and mostly because of bad economic policy.
Yet, Dems love him,
On the snowstorm, there have been a total of eight 15″ or more storms in the past 26 years. This one was unusual because it’s been seven days since and the temperature in Central Park has not gone above 32 degrees making it impossible to move the giant frozen piles easily. They are running around trying to melt it, which is really their best option. Store owners should shovel the corners, but hey, it’s friggin’ too cold.
3B,
I generally agree with you on Gavin. Though, I give him credit for being one of the very few Dems willing to risk his political hide in pointing out the tire fire that the Trump show is. The rest of them say they stand up to Trump (whatever the hell that means), but haven’t done a thing in actuality. He’s also pretty articulate and clearly intelligent. Though, California is a mess and it mostly occurred under his watch. Though, some might argue, the federal policy, under Trump 45 aided in it. The 47 policies, definitely aren’t helping anyone, but the rich.
Libturd,
It was a bit boring, I didn’t care about her picking out her dresses or suit or hat. Or looking at her ankles and heels. It’s definitely a woman’s movie from that perspective.
I did enjoy seeing first person camera views of walking through the White House and some other historic locations that I’d otherwise not see from that perspective.
It didn’t have much of a plot or even a point, it was a documentary of a point in time, but shown from the perspective of a First Lady who cares a lot about fashion and design.
I would have waited for it to come out on Amazon Prime Video free to watch, but the wife and daughter wanted to see it. The only way it’s worth watching is on a big high def screen, as the visuals are the best aspect.
The shoveling was manageable the first two days. Those who wait screwed themselves.
Look, it’s Gavon Newcome!
https://tinyurl.com/2zdwxnnv
It didn’t have much of a plot or even a point…
I’ll take ‘Hollywood Movies of the past 20 years’ for $1,000, Alex.
The ISM is up. Of course, January is the “reorder” month, so that is probably why. Still, hiring in the pits.
Here are some interesting comments from the ISM report if you care to see how bad tariffs are for American businesses.
WHAT RESPONDENTS ARE SAYING
” ‘Hope’ has been word of the year in the Transportation Equipment industry. Unfortunately, all the hope in the world has not materialized into order activity in 2025 or the first half of 2026. Across the board, buyers continue to stand on the sidelines. As we enter 2026, every conversation revolves around hope that the second half of 2026 starts the turnaround. It’s hard to set strategy on hope, but thanks to the uncertainty brought about by this administration, here we are.” [Transportation Equipment]
0
“Although our volume is low at the moment, the impact on the latest tariff threats on the European Union will have a huge negative impact on our profit for current quoted orders. We will not be able to recover the increase tariffs in our current quotations.” [Machinery]
“Continuing softness in the market, with December orders below average and buyers reluctant to spend despite beneficial tax policies in the U.S. Geopolitical tensions are fueling ‘anti-American’ buyer sentiment, and sales are being lost.” [Machinery]
“Another round of emotionally charged tariffs seems imminent, changing the landscape once more. Movement of custom product out of China continues, but the progress is slow with new qualifications required for transitioned materials and assemblies.” [Computer & Electronic Products]
“Business conditions remain uncertain. Customers are cautious. Broad-based inflation continues. The Supreme Court tariff decision looms.” [Computer & Electronic Products]
“Growing construction markets, data centers and energy projects, are straining the contract labor availability. The trade tariff uncertainty is creating volatility in the supply chain.” [Food, Beverage & Tobacco Products]
“A new year, with new challenges. We are moving manufacturing from China to Mexico — which will now impose tariffs on parts made in China. This push for more of a Mexican supply chain and creates some short-term supply management concerns.” [Chemical Products]
“Confused and uninformed tariff policies continue to plague small companies, making long-term planning pointless. Companies are not making capital commitments beyond 30 days.” [Fabricated Metal Products]
“Business conditions remain soft as we continue to miss sales, orders and profits as result of increased costs from tariffs, continued fallout from the government shutdown, and increased global uncertainty.” [Miscellaneous Manufacturing]
“Business trends moving into 2026 feature many of the headwinds from the third and fourth quarters of 2025. While the ‘plane’ has steadied, there continues to be uncertainty and added costs through our global operations. Tariff impacts on our financial performance last year cannot be overstated, as we had a much smaller EBITDA (earnings before interest, taxes, depreciation and amortization) than previous years. While other inflationary pressures continue to hit the business, tariffs and product costs played a large role. This year, we will continue our multi-country sourcing approach to manufacture and import product from more tariff-friendly countries outside of China. But as we know, nothing is guaranteed with the current administration. We have trimmed costs everywhere inside the business, including on labor and conferences, and reduced our revenue forecast to a much more achievable mark. We’re prepared to battle throughout the year for higher profitability.” [Apparel, Leather & Allied Products]
Lib: You proved my point (only lowers the perception of the poster) in the of course unlikely event a Republican won for governor , and there were people frozen in the streets it would be reported as Republican incompetence or heartlessness. And of course there would be the numerous mindless posts here on the blog.
As for the streets being cleaned, well my brother who lives and works there says otherwise. I have not been into Manhattan since the storm so I cannot say. Mamddani is Mayor if NYC now, and yes you are under the microscope as you should be 24/7. You wanted the job, now get it done, you get cut zero slack in my opinion , and I would say the same for anyone else who was Mayor. Criticism comes with the job.
Anyhow back to my proving my point, and my lowering the perception of the poster, well we have had it for years, and I am just mimicking it to prove how stupid it is, and how annoying it is as well.
And as you say yourself lighten up a little. You are a good man, but sometimes a walking contradiction.
looks like the two officers that killed Alex have been named. They were wearing masks. Both Spanish guys I guess it’s time to throw them under the bus. how else were they identified?
Lib: I don t see Gavin risking his political hide, it is a risk, but paying off for him as his standing continues to rise in California and the country. So strategy wise it is working But think about it people are ignoring what a disaster he has been for California because of his anti Trump stance.Do criticize we want Gavin’s policies on a national level?
And no Newsome destroyed California on his own , not Trump related. You know sometimes you can just criticize the Democrats or in this case Newsom on a stand alone basis without the yeah but and then mention Trump.
There is enough negative surrounding Trump without the need to add more.
Nah. Silence is deadly. Like when the dog (or I) fart.
“I am just mimicking it to prove how stupid it is, and how annoying it is as well.”
So your posts are BullSh1t. Makes sense.
According to an article in today’s Yahoo.com, the latest for food obsession for Gen Z are canned sardines, citing their low cost and health benefits. So Fast Eddie, in addition to your Chex Mix offerings, you may want to consider setting out a few cans of sardines once in a while.
Tinned fish is excellent but ain’t especially cheap “fish wives” a brand founded by two women from Brown U., is a prime example. Delicious and convenient.
So, the
ActivistGrammy awards were last night, I didn’t know about it until this morning. Accordingly, the Rage Du Jour was in full blame duringapologyacceptance speeches. I had to see if there was a rock and/or metal category any longer because hop/slop/pop is basically all one thing and everything else musically is a distraction. Is jazz, opera, classical ridiculed? I wonder.I went to the “Metal” category and ‘“BIRDS” — Turnstile ‘ was the winner?? I hopped over to Youtube, took a listen and was thoroughly disappointed. It was basically the Beastie Boys v2.0. Meh… whatever. Maybe I’ll check out the ‘best’ rock song and see if that has anything.
I went to a performance at Carnegie Hall this weekend. Parked in the UWS on the street. Walked southbound on Broadway for half a dozen blocks in dressy attire. I observed clean intersections, sidewalks, and specific attention paid to bike paths as well.
Paid $28 for two hot chocolates and two muffins. Haha.
Fab: From you, the biggest liar of all and the biggest empty moralizer.
“I am just mimicking it to prove how stupid it is, and how annoying it is as well.”
So your posts are BullSh1t. Makes sense.
1:25 typical dumbass playground retort. “I’m not a puppet….you’re a puppet…”
And guess who the fucking puppet is.
So Fast Eddie, in addition to your Chex Mix offerings, you may want to consider setting out a few cans of sardines once in a while.
Corn and Rice mix in bulk slightly past the ‘Best Buy’ date is a great deal for the clucking muppets. Protein-based products is pushing it. I mean, I’m willing to give a little but let’s not get crazy. I’m sure I can get canned fish beyond expiration but ya know, even if I sprayed it a little to keep the stench down, who wants to deal with that bullshit.
Facts: As it relates to your comment.
It does not change the fact that he is a liar, and an empty moralizer.
US, India agree to deal as Modi pledges to stop buying Russian oil
Trump wins again.
I wonder what the deal was? Or is it more show, like when Trump announced his deal with Greenland that existed for like 67 years already.
I remember Trump announcing a deal with China in his first term. And hour later, the prime minister announced no agreement was ever achieved.
And who used the term “deal” for every agreement. It’s all show, all of the time. Like the fake gold all over the White House.
Lib: It’s a deal because he doesn’t really take it seriously, it’s on to something else.
2:01 I mean in some ways that goes with the territory and you expect that from of all people a politician. I wouldn’t say that is Trump’s worst failing at all. He’s a rapist and a known pedophile which is really about as low as you can go on the whole crime ladder. It’s abusing “helpless” women and children and I empathize with the victims as a father I am horrified that anyone would support Trump for any reason. As for Lib, he and come the the very same cloth. He’s just been savvier as financially and he has more kids and way more responsibilities
Let’s be honest though, this whole fissure is about those who can just say “meh” and turn a blind eye and others who are outraged and feel contempt for the government for possibly the first time in their lives. The whole Red Team / Blue Team thing is tiresome, We are allowing ourselves to be divided and the fight amongst each other. If we were unified the government would actually fear us,
Fridays job report release will be delayed.
hahhahahhaa
Tyson laying off half the workers of a town in Nebraska. It’s just about the only employer there
I always think Fab is a super bright poster. I always enjoy their insights. I’m not 100 percent sure where the ChiFi thing went down, but that’s their beef. Not mine.
Empty moralizing is what got Trump elected, it’s what drives Mondami victories and it’s literally the worst thing for any voter. It’s putting people in charge who have no plan no ideology and no idea how to get things done. Their shortcomings are then bore by the voters and we have four years of bullshit. We should be progressing as a culture but nooooo we are sliding backwards into chaos and violence based upon a demented senile serial loser in the Whitehouse.
Fab is a they/them?
Which opinionator is calling himself “Facts” now? I can’t keep track.
Coasta Rica overwhelmingly elects a 39 year old conservative woman as their new President, with a mandate to fight drug fueled crime. Peru is also expected to elect a right wing President in April.
No One: Facts might actually be a legitimate new poster , I can’t tell. But, to your point over the last two weeks there have probably been close to 10 new posters if one was to go strictly by the new poster names. However, it’s clear it’s all one perhaps two people doing it. I don’t get the point in doing it.
Facts is Ex
Fab is an ass/hole…..
No One says:
February 2, 2026 at 3:28 pm
Fab is a they/them?
Me neither.
3b,
Fernandez is no Trump. She was Chavez’ secretary of state and was endorsed by him since Costa Rica has a single term limit for their Prez. Conservative, yes. But far from MAGA.
Addressing concerns by her critics that her policies could erode the rights of citizens, Fernández declared in her victory speech that her government would be one of “dialogue and national harmony, respectful and firmly based in the rule of law”.
BTW,
She’s CRs second female leader.
Chgo: I did not know Facts was Ex.
They/them posts much less frequently that they/them used to.
In the past, I would post something, and they/them would provide some kind of detailed mangled response that was factually and intellectually inaccurate, but they/them would cite sources and provide significant detail. They/them would couch assetions in high minded and conscending pontification. I would provide evidence, but most important for this clown, I would waste time and effort to respond. After enough of this hazing, it became apparent that they/them are incredibly intellectually dishonest. They/them don’t give a shit about anything other than laughing at us.
My job is to simplify complext subject matter for people. In short, they/them are a just a sophisticated internet troll. Disgusting little person.
Facts says:
February 2, 2026 at 3:03 pm
I always think Fab is a super bright poster. I always enjoy their insights. I’m not 100 percent sure where the ChiFi thing went down, but that’s their beef. Not mine.
Not confirmed, but seems that way.
3b says:
February 2, 2026 at 4:48 pm
Chgo: I did not know Facts was Ex.
Lib: I didn’t say she was MAGA no did I mention. Trump. I noted CR, because CR and other countries are moving to the right. Socialism has not worked. It destroyed Venezuela, Bolivia, Peru, and the leftist former gureilla leader running Colombia is turning a blind eye to drug gangs destabilizing Colombia.
As I said not trying to tie it into Trump.
No doubt.
CR was never socialist.
Chgo: Had me fooled , if that’s the case.
BRT says:
February 1, 2026 at 9:19 pm
“where was it [anti-ICE protest] on 206?”
206/Amwell Rd intersection. Protestors on the Shop Rite corner; not blocking the road, but disruptive enough to cause traffic to slow to a crawl and back up for a half mile.
Lib: I never said it was.
Libturd says:
February 2, 2026 at 10:11 am
“On the snowstorm, This one was unusual because it’s been seven days since and the temperature in Central Park has not gone above 32 degrees making it impossible to move the giant frozen piles easily.”
What a surprise, the phony ‘registered Republican’ making excuses for the incompetent Dem socialist mayor, who’s barely been in office for a month and is already responsible for 13 deaths. Looney Lib is lost!
Libturd says:
February 2, 2026 at 4:43 pm
“Fernandez is no Trump. She was Chavez’ secretary of state and was endorsed by him since Costa Rica has a single term limit for their Prez. Conservative, yes. But far from MAGA.”
You’ve been threatening to move to Costa Rica for years; what happened, waiting for Montclair to pass a reparations law so that you can exorcise your white privilege?
Oh by the way, DJT just got India to agree to buy Venezuelan oil instead of Russian oil — big deal from a geopolitical perspective. But the Dem stooges like Lib, PantLoad and Flab thought Carmella and TamponTim were the better option. Idiots!
5:23 that’s great. Why the private bank account in Qatar for oil money?
Facts is Ex. I was tired of my handle being abused.
I also wanted to add a sense of legitimacy to my posts.
Hard to argue with “facts”
Debra Messing who is as liberal as/ progressive as they come, and a wonderful actress, has criticized Mamdani for his snow removal efforts. Just saying.
Debra Messing has probably never shoveled an ounce of snow in her entire life
She has DEFINITELY done the nose candy……
Dark Phoenix says:
February 2, 2026 at 6:22 pm
Debra Messing has probably never shoveled an ounce of snow in her entire life
Dark: So, neither has Mamdani.
Who?
Quick google shows she has been on an anti-Mamdani rant for months. Wonder why?
Hughes: So it’s only because she is Jewish?
3b
I don’t know why, only what has been reported.
https://gprivate.com/6junv
Eddie Bauer closing all stores in North America
Without the ascii penises I didn’t recognize you. Facts!
I’ll always be there.
“they/them would cite sources and provide significant detail.”
Yes Chi, I could see how that would be a big issue for you. Its hard to argue against facts.
My view of 3b and Chi posting today.
https://www.youtube.com/watch?v=aRq1Ksh-32g&t=40s
Prime Minister Narendra Modi confirmed part of an agreement posted on social media by Donald Trump in which the US president said he will lower US tariffs on Indian goods to 18%.
The new figure—which mean tariffs for many Indian goods will drop from 50%—offers significant relief for New Delhi, which has sought for months to negotiate a lower rate with Washington. Trump said India agreed to stop buying Russian oil as part of the accord, but Modi didn’t confirm that term. Trump made a similar claim in October, but Indian refiners continued to buy crude from Moscow.
You think I make this shit up Smalls?
RIP Chuck Negron, 3 Dog Night