Early September Events & New York, NY "Big City of Dreams"

Sept 4, 2007

Business After Hours Speed Networking
Sponsored by Gold Place Network LLC, 6:00 p.m. - 8:30 p.m., Networking Reception, Venue is Cafe Metro, 14 E 42nd St, Lower Level, $20. Contact Sherley Duncan 212-465-8080



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Wednesday, September 5, 2007

Break the Rules and Win More Business, Sponsored by Banco Popular and Sandler Institute, 6:00 p.m. - 8:00 a.m., Networking Reception, Venue is [Banco Popular], 25th Street and 2nd Avenue, Free. Contact Fausto Vazquez, favazquez@bpop.com
212-679-1201



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Thursday, September 6, 2007

For-Profit or Non-Profit? Sponsored by CAMBA’s Small Business Services, 3:00 p.m. - 5:30 p.m., Workshop, 884 Flatbush Ave, Brooklyn, 2nd Floor, Free. Contact Kenesha Wheeler, smallbiz@camba.org, 718-282-2500 x.242



How to Test Your Marketing Results...Before Spending a Lot of Money, Sponsored by Purple Dot Group, Description: Learn how to implement a $200 marketing test that can literally save you thousands of dollars and months of wasted effort. Featured
speaker(s) Marcus Schaller, author of The Lead Ladder: Turn Strangers into Clients, One Step at a Time, 6:30 p.m. - 8:30 p.m., Seminar, 352 Seventh Ave., 16th Floor, $49. Online registration available at: www.purpledotmag.com/events, Contact: 800-514-3557


Spec It Green, Sponsored by Industrial and Technology Assistance Corp., 5:30 p.m. - 7:30 p.m., Seminar, Venue is Skadden Arps, 4 Times Sq, 37th Fl, $25, Contact 212-404-6990 x 15


New York, NY Big City of Dreams

"New York, New York, big city of dreams, but everything in New York ain't always what it seems,... You might be fooled if you come from out of town, but I'm down by law and I know my way around..."

That's a line from an old rap song [by Grandmaster Flash and the Furious Five] from what seems to be 'only years ago' but actually, is decades old.

Although time has ticked on, things seem to have still remained the same. "Everything in New York ain't always what it seems..." New York together with Wall Street, considered the financial capital of the world, is still a melting pot of cultures and a good place to make money. However, it may not be as lucrative as it used to be given the dollars decline, global competition, historical events, & questionable leadership given the solvency (& confidence) of the country on a whole.

In looking at the underlying condition of both our stock & real estate markets, perhaps it better to remember what "Grandmaster Flash" said. Looking past the facade of 'big city dreams', get down to some good ole fashioned 'small town planning.' Why ....because your not from out of town, and "...your down by law and know your way around."

Industry Events & the Real Estate Wake Up Call

August 28, 2007

End of summer After-work Business Network Mixer, sponsored by The Wall Street Journal and Nationwide Equities Corp., Networking Reception, 6:00 p.m. - 8:15 p.m. [Venue is social, Bar & Lounge], 795 Eighth Ave, 2nd Floor, Free. Contact: Evantz (Evans) Saint-Gerard, 917-975-5985

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August 30, 2007

Wharton MBA Admissions Workshop, Information Session, Manhattan Review's Grand Central Office, 7:00 p.m. - 8:30 p.m., 420 Lexington Ave, Suite 2310, Free. (212) 997-1660

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Business Networking Event, Networking Reception, Village Pourhouse, 64 Third Avenue, $5 with RSVP, $10 at the door, 7:00 p.m. - 9:00 p.m, Contact: Joanne Louie at 917-531-9342


Real Estate Wake-Up Call

The amount of New York City homes in foreclosure rose by 55% last month. That compared with last year at the same time, according to a national foreclosure monitoring company report released on Tuesday.

Across the country, the rate is up 93%. This number includes homes in several stages of foreclosure that eventually lead to an auction. For the state of New York, its a process that takes about a year or more. For NYC, relative to the other boroughs, Brooklyn and Queens are going up faster. Compared to last year this time, the number of homes in Brooklyn stands at 51%. That's up from 25% in June. As for Queens, the year to year increase for July is 126%, that compared to June.

All said, perhaps it is time to keep your thoughts of "flipping" and those comparable skills, confined to pancakes.

For years many have enjoyed the spoils of purchasing and quickly reselling both commercial and residential real estate. However, with the market changing its tune to a sour note over the last year or so, it can be really tricky business, if not considered 'living on the edge.'

Throughout the country, although there had been a down turn in various pockets, the market was still pretty much dictated by region. That, with the 'high-end' statistically holding its own. Today, its an all new ball game. With properties here in NY often with price tags mirroring the winnings of lottery jackpots, there are fewer folks willing or able to 'mirror' that monthly payout. Look at "YOUR" surroundings... there's more than coffee going through the grinder, and more than pizza dough being stretched thin. There's a trend a brewing, and it might be smart to let it finish before deciding to get some.