Gardens and Parks of New York City
AMERICANS’ INSIDE STORY
Only 12 percent of U.S. adults go outside nearly every day, 8 percent several times a week and 6 percent only once or twice a week. Two percent never venture outside.
When U.S. adults take time out of doors, just under a third spend more than an hour there and almost a quarter spend at least 30 minutes while the rest average five to 10 minutes or less.
Thirty-eight percent of Americans 55 years and over invest at least an hour outside each day, compared to 25 percent of those under 35.
So put on your sunscreen,,,,walking shoes,,,plan your course and get moving.
Source: National Recreation and Park Association…
NEW LLC REGULATIONS
New York City is set to see some major changes in the luxury real estate transaction process. The US treasury announced that New York City and Miami real estate will no longer be purchased or sold by shell companies without disclosing the beneficiaries. Starting in March, every apartment that sells over $million in New York, and over $1 million in Miami will have to disclose the owners. This is the first time that the federal government has required real estate companies to disclose names behind cash transactions.
Many buyers and sellers use shell companies for various financial reasons, and a lot are not used for committing fraud. The reality of the situation is that a lot of people in countries like China steal money form the government and hide it by purchasing luxury apartments. The US plans on increasing transparency in luxury real estate transactions, particularly the anonymous all-cash offers. In the second half of 2015, a reported 1,045 residential sales cost more than $3 million, totaling an approximate combined value of $6.5 billion. This change won’t come without challenges.