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By now, we’ve all heard about rising oil prices—and are seeing their impact on our energy bills. Co-op and condo owners in New York have seen their energy bills climb to record highs and there’s no relief in sight, so buildings and their…
The energy crisis of the 1970s created long lines of cars, with drivers waiting to fuel up at gas stations. These days, increasing fuel demands and rising prices are forcing the cost of everything from groceries to construction materia…
New York City officially became a leader of “green” initiatives when Mayor Michael R. Bloomberg announced his “PlaNYC 2030” initiative in 2007, although many elements of this omnibus serious of measures were public policy in the city wel…
One impact of climate change is being felt as natural disasters of increasing frequency and strength are causing extensive damage to homes and businesses. The four hurricanes of 2005—Katrina, Rita, Wilma and Dennis—caused more than $57 b…
It’s a scorching 92 degrees in Manhattan and many city-dwellers are dreading the traffic-filled ride to the beach or the long bus or rail commute to the Hamptons. But for some lucky co-op and condo owners, relief—in the form of an in-hou…
If you live in a condo or co-op in New York City, your building is obviously protected with insurance—but do you really know about the various layers of protection standing between your community and a broad array of risk factors? Does y…
It’s capitalism’s most basic tenet: supply and demand. When supply is sparse and demand high, prices go up. When supply is plentiful however, prices go down—and suppliers are forced to diversify their offerings in order to distinguish th…
Just like in our own personal budget, it seems that the everyday expenses of a co-op or condominium building just keep going up. Among the most prevalent cost hikes, as readers surely know, are fuel, salaries, repairs and the price of ma…
Workers’ compensation, according to the New York State Workers’ Compensation Board, is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job. Employers—an…