What if the New York Yankees could secure a player as transformative as Shohei Ohtani? Imagine the kind of success they could achieve! Join Angelo and me on the Suit Up with Bias Podcast as we passionately dissect the Yankees' World Series journey, despite recent setbacks. We tackle the critical role of Aaron Judge, the necessity of retaining Juan Soto, and our frustrations over Aaron Boone's Game 1 decisions. The distinct vibes of Yankee Stadium and Citi Field are also on our radar, as we emphasize the importance of enjoying the games responsibly while keeping the spirit of fandom alive.
We switch gears to marvel at the extraordinary talent of Shohei Ohtani, whose prowess on the mound and at bat is reminiscent of a sports legend like LeBron James. Envisioning him in pinstripes ignites a fascinating discussion on the Yankees' potential if they were to acquire such a talent. Our conversation takes an unexpected detour into the Westchester County real estate market, where we analyze the post-COVID boom, marked by a notable 8% rise in home prices. We explore the increasing demand for suburban living, offering insights into why so many are opting for this lifestyle shift.
For those eager to dip their toes into real estate, we provide valuable advice on starting within your means, highlighting condos as a savvy choice over co-ops. We break down the dynamics of the Westchester and Bronx real estate landscapes, touching on everything from Rye's picturesque waterfronts to Yonkers' rich architectural diversity. As we wrap up, we invite you to connect with us for any real estate guidance you need and to share in our enduring love for the Yankees as they battle it out in the World Series. Remember, we're here to support you on your real estate journey and to keep the Yankees spirit alive!
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:09):
hello everyone, welcome to suit up with bias
podcast.
I am excited.
Another podcast here with myco-host, angelo bias, and I am
alex bias and angelo, you knowI'm wearing my outfit.
Yankees, listen, we down two.
I don't really care, I'm stilla yankee fan.
Been a yankee fan since I wasborn.
(00:29):
I was born literally five, sixblocks away from yankee stadium.
Guys, let's go, yankees, we'regonna win this.
Uh, we're gonna come back.
But I'll tell you guyssomething.
Man, they need to fire aaron.
Boom for sure.
Game Game one was taken from us.
Aaron Boone made some horribledecision.
Not sure who's working on theback end, but focus on firing
(00:51):
Aaron Boone.
Judge, yo, my guy gotta step up, man.
Not sure what's going on withyou.
I know New York is tough Guys,fans, slow down.
We're putting pressure on Judge.
I know he's doing bad guys, butcut it out because we need to
win.
Guys, today's game three Idon't know when you guys are
going to see the podcast, butit's game three.
(01:12):
We got four.
I still got Faith Hope.
We're going to go.
It's been 15 years, angelo.
15 years we've been sufferingfor these Yankees.
We got these in the WorldSeries, but the job is not done.
Yeah, and they also need tofocus on giving Juan Soto a
blank check.
Good point, juan Soto, how muchyou want?
How much you want Juan Soto toget us?
(01:33):
We got to go to the WorldSeries.
He definitely helped us outtremendously.
He's the only one that'sbatting right now in the World
Series, him and Gene Carlos.
We need him to understand that.
We need Judge to step up.
Oh, yeah, without a doubt.
And, like you said, the NewYork crowd is Stanton Carlos.
Stanton, gene Carlos, what'shis name?
Again, I forgot his last name.
Go ahead, yeah, and, like yousaid, the New York crowd is a
(01:56):
little bit crazy sometimes.
All right, slow down, man.
Yeah, I actually went to CitiField last week playoffs.
It was so calm.
You go to yankee stadium.
They pour beer at you.
You know, we gotta slow down alittle bit, man, let's enjoy the
game the nice way.
Just I heard that, uh, you oncewent to a game and they were
like throwing stuff at theopposing.
Oh, it was bad, it was bad, itwas bad.
(02:17):
So basically, we went.
We was in the outfield, me andchris.
Chris got me those tickets,little guy right here.
We went to the, to the game andthe yankees actually won that
game, angel.
I got home and my wife was likeyo, you stink, they soaked my
hat, they soaked my jersey likewe had.
We smelled so much like beerlike it was fun.
(02:40):
But then afterwards, when I goslow down, I mean every hit they
throw the beers like it is fun.
The atmosphere is crazy.
I think I gotta slow down alittle bit with the atmosphere
because I feel like everyone isscared of it.
And then when I went to thecity field last week or last two
weeks ago, all they were sayingwas like you guys are wow, I
don't even want to go watch agame.
And I'm like you know, I don'tblame them, I am from the bronx,
(03:00):
I know how it gets, how act.
But I know we're extremelyexcited.
We've been waiting for this fora long time.
But let's enjoy the game, alsohaving my other elders around
you.
Let's enjoy guys.
But I am a huge fan of Yankeefans.
I have been suffering these twodays.
I haven't slept well, but Ihave faith we're going to come
back and if we don't, it is whatit is.
But we definitely need to bringJuan Soto back to the Yankees
(03:23):
lineup.
I mean this kid, 26 years old,he's making history the second
year in the World Series.
He won in Washington.
I believe he was 19, 20 yearsold.
This kid is like the future.
Wait, at 19 years old 19 yearsold, he broke the record and he
also won MVP.
He was 19 or 20 years old.
He also won MVP on the WorldSeries.
That's unbelievable.
(03:44):
I didn't know that.
This kid is a beast, really, 26years old got so much ahead of
him.
I know a lot of teams are afterhim.
I was hearing an article thatthe Dodgers might be going after
him.
You know this is you guys gotto cut it out.
These Dodgers want every player.
Three, two pitches that are inthe dodgers were supposed to be
in the yankees, right?
(04:04):
Yeah, he's one of them.
There's another one?
Ah, there's two of them.
They're going after the sameplayers the yankees want to go
after.
You know new york we got money.
I know los angeles got money,but new york got money.
Yeah, from what um chris wastelling me is that yamamoto was
supposed to go to the new yorkyankees.
They were offering him moremoney, but he wanted to be
closer to his.
That's what happened.
Yeah, he wanted to be closer toOtani, so he went to the
(04:26):
Dodgers.
Yeah, they're both Japanese, soit made sense for both, right?
Ah man, it was a tough loss.
I think Game 1 was the toughestone.
Game 2, to be honest with you,I knew it was going to happen,
but Game 1, I honestly was verydisappointed in Game, very
disappointing game one Likewe're one hour away of winning
that game and the decision hedid with bringing in that
pitcher having pitched sinceSeptember 15, you know to bring
(04:50):
in.
I remember hearing that that tome made no sense.
I would have put the otherlefty instead of Henke.
They brought out two lefties.
Yeah, it was like the worstdecision I've ever seen, my God.
Also, second baseman he came andtook out second baseman to put
Cabrera.
Cabrera doesn't play second, heplays all infield, but he got
the kid going crazy.
I mean every position.
Yeah, no, I'm not going to lie.
(05:11):
That was probably the firstfull game I've ever watched in
baseball and I was like, oh,it's done.
The bases got loaded at the endand I'm like, god damn, like
that was crazy.
For me I'm indifferent becauseI'm still getting into the sport
(05:33):
, but that was insane right atthe last second.
No, it's been this been so long.
Yeah, no, I can only imaginethem, especially first.
Like I don't think second gamehurt me so much like the first
game hurt me.
We're one hour away of winningand the decision that Aaron
Boone made cost the game andthat's why I'm so hurt.
(05:54):
He's the manager, yeah, ah,okay, so it was his decision.
He's the coach.
He makes all the decisions.
He's the final decision maker.
He's the final decision maker.
And then on the second game, Ithought they were going to do
the reverse bases are loaded andyou just need that one home
runner.
To be honest with you.
Man, first day man, I screamedso much I lost my voice.
(06:15):
I had my kids jumping up anddown.
I was running up and down withLexi and Levi and every time in
the last inning we were jumpingup and down until the last hour
and I turned my TV off.
But, guys, I'm still a fan.
Also.
One last thing before we go tothe next topic To all those
haters, especially those Bostonfans, dodgers fans, phillies,
(06:36):
all those haters that keepsending me messages.
Guys enjoy watching us in theWorld Series, especially those
Boston fans.
You guys are taking your timeto watch us play, right, so
continue watching the game, youhaters.
We still made it to the WorldSeries.
Job's not done, but it's goingto get done very soon.
Let's go Yankees.
Let's go Yankees.
I'm going to show hail Tony.
(06:58):
The guy is humble, he isbrilliant.
I mean, I've never seen aplayer like him.
He's an all-around player.
He's becoming like the newLeBron in MLB.
Oh yeah, if you think about it,yeah, all of Japan tunes in
LeBron James.
Yeah, there you go, all ofJapan tunes in.
He's bringing so much attention.
You want to know something.
Guys, this is probably one ofthe most expensive, more
(07:22):
interesting World live in.
And also, this guy, otani, isfrom Japan.
So we've seen like threedifferent countries.
We've got the Hispanics, right,the Mexicans watching, because
it's a lot more than Los Angelesright.
We've got New York and you'vegot also Japan, and Yamamoto is
Japanese too, exactly.
So they're both getting thatbig, big, big.
The revenue has got to be crazy.
(07:42):
I'm just world serious, to behonest, if you look into a
detail like those tickets rightnow, crazy, right.
Yeah, I think the yankees had ajapanese player, if I'm not
mistaken, they did, but they gotrid of him.
They did, they did.
He was, uh, was, a pitcher aswell.
These japanese be.
It's like they create them withai or something.
It's crazy.
Japanese pitchers cut like, ohmy god, they got some really
(08:03):
good cutting on balls and allthat.
It's like an AI baseballplayers they're creating.
I'll be honest with you, otanidude, you like an AI baseball
player, a pitcher, a batterthat's an hitter.
This guy plays every position.
Andrew, outfield, he playsevery position.
I've never seen a playerhonestly play infield outfield
and then play as a pitcherUnbelievable Honestly play
(08:26):
infield outfield and then playas a pitcher Unbelievable.
He's an AI.
This dude was made out of AI inJapan.
No, it is crazy, but yeah, Imean that is.
He's humble, though, right?
Oh, yeah, without a doubt, Ithink from the stories that I've
seen, right, when he was inJapan I believe he used to live
with his friends, if I'm notmistaken, and he didn't really.
He didn't really use much ofhis paychecks and stuff.
I'll be honest, if the Yankeeswant to win the world series,
(08:47):
let's do a tiny dog and we'llwin.
He will be sad and depressed ohmy God, we got to steal a tiny
dog.
Yeah, I know about that, oh man,but yeah, having put that aside
, we can start talking about,like, the Westchester County
real estate market in 2024.
It's interesting, right, it isinteresting.
(09:09):
It says that rising inventory,despite notable increases in
listings, westchester mediumhome price has continued to grow
by 8%, reaching nearly $1million.
Can you imagine that?
Honestly, westchester County,the real estate market, honestly
, it has gone up tremendously.
Oh yeah, these prices of thesehomes have gone on tremendously.
(09:30):
But you know why I think so?
Because more of that privacythat you want to have with your
family.
Maybe that's why I see thatsince COVID I've been noticing a
lot of people want to be buyingmore in Westchester County than
before and it's just more ofthat comfortability of living
right, and it's just more ofthat comfortability of living
right.
But I'll be honest with you,yeah, it's great and all
Westchester County, new YorkCity.
But I think I saw the other dayin an article like the most
(09:53):
important thing is getting yourfoot in to real estate.
It doesn't matter where you'rebuying real estate, it's getting
your foot in right.
I think sometimes we sit down.
I'll give you an example.
I had someone in my family oncetell me like, dude, why do you
buy a condo, why don't you justbuy a single family?
But guess what?
That's what I could afford atthe moment and I was more into
like getting something than notgetting nothing for my family
and my kids.
And that condo guess whathappened Opened all the other
(10:16):
properties I have boughtafterwards.
Right, you rented that out,right?
Yeah, I got that propertyrented out.
Yeah, but but do you know whatI'm saying?
It's like I think people focusmore on what people are thinking
or saying, are going to say,guys, the reality is this is
what can you provide to yourfamily?
At the moment, no one's goingto be providing, like you are,
for your family.
So whatever you could providefor your family, go get it.
Don't focus on you know, I wanta single, I want a three family
(10:37):
.
I want to start with a fourfamily.
No, you go.
Do you need all of that?
Maybe you want to have a placethat you don't need to worry
about rent increases, so you gofor a co-op or condo.
Right, preferably condo.
Co-ops are a little bit morestrict.
I'm not saying it's a bad thing, it's just like you know it's
(10:58):
it's a longer process and it'sit's very tedious, yeah,
especially like um, once you tryto sell again.
It's also like you have to keepa lot of things in mind like
it's a flood tax.
How much is the flood tax?
What are the rules regardingthat?
There's just so many more rules.
With a co-op, we always advise,if you do have the means right
you might want to stay a littlebit out of shit to go for a
(11:18):
condo, because a condo is morestraightforward, like a single
family almost.
Yeah, it goes back to that.
Whatever you guys go for, gofor it, don't focus on I want
this, I want that.
The reality is, whatever whereare you at at the moment, and
whatever you and your family gofor because once you get a
mortgage, remember, guys, it's acommitment for 30 years, right,
unless you keep doing refund.
But you know, the reality isthat you got to come in for 30
(11:40):
years.
It's something you committed to, something so huge, right, it's
, it's probably one of thebiggest purchases of your
lifetime.
Oh, yeah, whatever you couldbuy.
But I remember buying thatcondo and they told me that and
I told my wife no, wait, don'tworry about it.
With this condo we're going togo to another house, and another
house, and another house, andit has been just like that, and
I first praise God first for it,because it wasn't me, it was
(12:06):
all in mind like, whatever youguys go for, just buy, it's just
what.
Will you just get your footinto real estate?
That's the most important thingto me.
How many rooms was your condo?
It was three bedrooms, had twobathrooms.
It was actually verycomfortable, had a wash and dry,
had two bathrooms, yeah, andalso had wash and dry.
It had a front parking.
It was like the comfortabilitywas great for me.
I mean, it felt more like ahouse at one point.
The only thing is that you knowwhen you're in the condo you're
sharing the comment um shareswith everyone else right, um, so
(12:28):
upstairs with someone elseliving.
So, but it was more like it wastownhouses.
So it was really unique andnice.
And you have parking, which isone of the right, biggest,
literally.
I opened my door.
Angelo is right in front of myhouse, literally, not like I had
to walk, it was literally.
It's too comfortable Rightthere.
Yeah, also central AC.
Oh, you have central AC.
Yeah, central AC, nice.
So it's like you know heatingand AC.
(12:50):
Yeah, that's so clutch to havecentral AC.
But for me, I think the biggestthing for New Yorkers is that
parking, parking is such a bigthing, like sometimes we get
properties where we're trying tohelp the owner sell them but he
might not have parking.
Parking is so big, like if youcan find parking in a condo and
stuff.
That's such a blessing.
(13:11):
Well, I am seeing that they'redoing a lot of parking in New
York City.
They are taking a lot ofparking in that as well.
But, like I said, you know it'sgot to buy something Whatever
fits.
You.
Just buy Whatever is in yourbudget.
More importantly, stay in yourbudget.
Make sure you're qualified witha lender.
That's what Heidi's here for.
She could pre-approve it.
But just make sure that you'requalified before you start
(13:31):
looking into purchasing.
A lot of people have the badconcept I have a great credit, I
have this.
Yeah, we all have good credits,but everyone qualifies
differently.
Angela, right, just make sureyou get qualified with a lender.
You know, get qualified with alender.
You know specificallyrecommended in heidi but always
get qualified by a lender beforeyou go see houses.
I think we have this concept oh, let me go see houses, but then
you don't even know how muchyou qualify.
It's good for you to know howmuch you qualify so you can know
(13:53):
your payments too.
Monthly, exactly, monthlypayments are important for you.
That's probably the mostimportant thing.
Yeah, the monthly payments.
Like we've touched on previouspodcasts, monthly payments
should be probably one of themost important things that you
look at yeah, instead of like uh, you feel comfortable with yeah
, because you got to assess,like, what do you want, what do
(14:13):
you need from the home?
And then from that you go likeand how much can I afford to pay
monthly?
Yeah, I'm with you a hundredpercent.
Yeah, those two things are soinstrumental.
Like, if you're taking anythingaway from this podcast, is that?
It's like when you're searchingfor a home.
It's like say what are thethings that you need for you and
your family right now and justwrite those down the needs, not
(14:34):
the wants.
Right, we want a lot of things.
We want an aisle, we want anisland in our kitchen, we want
all these things, but what do weneed?
Right?
That's a great point.
Yeah, we need.
Do we need, parking?
Well, we live in the city,right?
So maybe we can forego parkingand we can go to a place that
may not have parking but it'sclose to the train station or
something like that, and thenyou get everywhere.
Yeah, I feel like you know.
(14:54):
You just had a great point.
But I also feel like on yourfirst property you have to not
be as much picky.
Oh yeah, you just got to getyour foot in there, unless
you're in a situation that youknow you're financially good and
you.
But if you're just right on theline and buy honestly like, get
your foot in there but alwaysgot to drive to get your foot
into the real estate.
That's so important because youdon't know what you want out of
(15:15):
a property until you're inthere and you kind of go like
you know what.
Now I think I have a betteridea as to what I want.
I could never have thought ofthat if I didn't already own
this property.
Yeah, yeah, that condodefinitely gave me a lot of
experiences.
You know, I started seeing whatit is of being a homeowner.
Yeah, I was renting my wholelife.
So I was like whoa, this condo?
(15:36):
Definitely because my boilergot messed up within the year.
Wait, the boiler got messed up.
Yeah, the boiler got messed up.
Yeah, the boiler got messed up.
I had to get it fixed.
Thank God, my neighbor, hefixed boilers.
He literally went next door andfixed it within like an hour
for me.
Oh, wow, wait, was that yourresponsibility to fix the boiler
?
Yes, when you own a condo, yeah, it's your responsibility to
fix anything inside the house.
Oh, okay, it's yourresponsibility, yeah, oh, so
(15:59):
everything outside is the onethat you're responsible for.
I'm not responsible, it wouldbe management.
Correct, Awesome, yeah, whenthere's a leak coming from
another unit, right, is thatwho's?
That's a good question.
So it happened to me.
Management is responsible forthat.
Management is responsible.
Yeah, because it's damaging myproperty, gotcha?
Yeah, so what they did was thatthey actually fixed it.
(16:23):
It came, took them two, threedays to fix the easy work.
Look at that.
Management.
Condos are very interesting,especially co-op.
Co-op is more interesting.
Oh yeah, there's a lot ofrestrictions, a lot of rules, a
lot of regulations you got tofollow.
But you know, whatever youdecide to buy a co-op or condo
(16:51):
basically same concept there andthen one of the properties you
got to deed and the other oneyou don't get to deed you got to
stop certificate You'reinvesting into it.
So, on the condo, you got toactually deed like you're buying
a house, right?
So that's the cool thing aboutcondos, right, a lot of the time
I think.
Correct me if I'm wrong, but Ibelieve, like in co-ops, get
(17:11):
depends on the amount of squarefootage your property has.
Like the larger square footage,the more shares you get.
No, they have already a numberof shares that every unit has.
Yeah, no, but I'm saying likesome might have a little bit
more shares and I think it'sbecause of the square footage,
because it's a little bit biggerthan the other units.
No, I'm not sure about that.
No, to be honest, about theshare, I just know that when
(17:34):
you're going to buy they let youknow about the shares and they
let us know, but they never letus know.
If it's there, most likely canbe right, but not 100% Got you?
Yeah, co-ops Co-ops aresomething else, but yeah, so it
says here that for theWestchester County real estate
there's been a boom in luxuryproperties.
Properties priced above $2million have surged by 24%.
(17:57):
Jesus, yes, and particularlyareas like Rye and Scarsdale,
and we know those areas arereally nice.
I mean, of course they gotreally good schools, angela,
correct, that's what it is, youknow.
And their taxes, property taxes, man, I have seen in that I've
seen property taxes fored forlike 40 to 80, $90,000 on those
type of areas, even more thanthat, close six figures.
(18:18):
But it's because of the schools, right, that it offers.
But I definitely seen that alot of on those areas and
listing a lot and they also signfor more than what they listed
for Gotcha.
It's like, you see, that themarket all over, even on the
luxury side, is going outtremendously.
Yeah, the luxury side is goingout tremendously.
Yeah, I knew a guy that he waslooking at scarsdale.
He wanted to just buy like Ithink it was like a 2.4 million
(18:39):
dollar house in scarsdale and heonly wanted to live there for
like five years so his childrencould go to the school system or
not.
He wouldn't.
Oh, look at that.
Yeah, that's what those type ofareas, right, that's what
attracts the um basic people,because they want the kids to
get the best education.
Yeah, I'm huge on that.
In Heidi, we're very tough onfinding the best education for
our kids, right, and those arethe areas that offer it.
(19:02):
You know, right, it's morepricey, but you got to sacrifice
for your kids.
Exactly, scarsdale is veryschool driven.
I think Rye is buying thewaterfront.
Yeah, it's beautiful, beautiful, right.
Yeah, yeah, it's beautiful,beautiful, right.
Yeah, it's beautiful.
That's what right playland isthat.
You know it has a lot of thingsthat it offers, but schools is
one of them and, um, taxes onthose property are great and
high, oh yes, but it definitelypays off because it goes to the
(19:26):
right things right and you seethe type of living, type of
service that they offer.
With itself you're paying forwhat exactly those taxes, like,
are going into.
You know they're going intogood places, that luxury real
estate is really good.
Yeah, because all those taxesare being, like I said, they're
going to the right places andyou're seeing what you're paying
(19:47):
from other counties that wewon't discuss.
But it says here that in housingaffordability, welcome home
Westchester campaign.
Westchester's new affordabilityinitiatives, like expanding
accessory dwelling units andsupporting transit oriented
development, are designed tomake housing more accessible
while fostering community growth.
So they're coming up with acampaign for westchester's.
(20:09):
You know there's moreaffordable housing, which needs
to be done because that's good.
Yeah, it's giving everyoneopportunities to live in
washington county, right, andit's gonna.
You know it's great.
You gotta offer.
You know you gotta also offerhelp to everyone to community,
right, because there's a lot ofhousing here.
Well, there's not that muchhousing because there's more
(20:29):
houses than natural buildingsthat might be.
Yeah, washington county is alot of houses, oh, yeah, a lot.
I think the beautiful thingabout it you mentioned this to
me once is that every house isvery unique.
Up here I'll give you anexample.
In the bronx right, you will goin the block and it's all the
same house.
Oh yeah, the same layout, samedesign.
But then when you come toyonkers right, or washington
(20:51):
county, different area youyou're literally driving in a
block and every house isdifferent.
Every house is unique.
Every house has a differentdescription from the outside.
Everything is different.
It makes it more cool andunique because when you're
driving in you can start seeingevery house is totally different
.
And then you go to the Bronx.
Literally I see all the time inthe Bronx the whole block is
the same house Gotcha, Threefamilies, two families, got you,
(21:16):
three families, two families,all the same sack house.
So it's pretty interesting howin west is coming, especially
yonkers, because we do a lot ofbusiness in yonkers.
Um, it's also the kings ofhills, oh yes, yonkers got so
many hills everywhere.
But it's very unique all thehouses.
You see a mansion, you see asmall house, you see a ranch
house right next to them, likewhoa, where all these type of
different houses come in oneblock, exactly like we um went
(21:36):
on a ride to get some food onetime and I remember just seeing
on the ride, just every housewas unique, totally different.
And, like you said, yonkers,king of house, because, like,
just to get to this office yougot to go up a big, big steep
hill and then you come back downthe hill.
Oh, yeah, the same thing.
You gotta go back up and down,but you got to be careful.
Sometimes when it's snowing,that's right.
Yeah, when it's snow itwouldn't work.
(21:57):
Yeah, 20 hills in the Yonkers,oh, without a doubt.
Now the Bronx real estate marketin 2024.
Here's one thing With rentsrising about 7.5 year over year,
the Bronx remains a desirableyet expensive rental market.
Maud Haven in particular standsout with high demand from young
professionals, while moreaffordable neighborhoods like
(22:17):
Morris Heights offer attractiveoptions for renters and
investors alike.
Like we were saying lastpodcast, mod Haven is getting a
lot of.
So the one-bedrooms, how muchare they going for?
From what I've seen,apartmentscom, I believe it
stated don't quote me on this,but I think it stated that it
was like around for a studio,like 2,000 now averaging for new
(22:41):
ones.
Yeah, so what I saw.
On the studio they're likeprobably like 1,700 to 2,000.
On the one bedrooms, what I saw, they were 2,000 to like 2,300,
2,400.
And then the two bedrooms arelike $2,500 to $3,000.
Yeah, and the three bedroomguys, from $3,200 to $3,800.
The three bedrooms are statingthat it's $3,200 to $3,800 a
(23:05):
month.
Guys, they're getting moreexpensive than that.
I'm going to tell you guys asecret when I live.
I live in a single family, guys.
I don't even know if we payclose to the two bedrooms that
you guys are paying for.
I'm always going to be soagainst the rentals because they
are going up tremendously now.
It's just like it doesn't make.
At this point it makes moresense, like you know some, for
you know it takes time buthonestly, it's safe in buy a
(23:28):
house because the way theserentals are going is just going
higher and higher.
And guess what All that moneyis going to where?
To the drainage.
So it's like, are you reallygoing to continue paying for
these rents?
But you know, also for thoseinvestors that love to buy
property, it's a good time tokeep buying two to three, four
families right now, because it'sinsane right now, the rents
(23:48):
right now.
I mean $3,200 to $3,800 for athree barrel, you know, and
that's in the Bronx.
Westchester County is a littlemore higher.
Just have that in mind.
Look how expensive it is.
Yeah, it's getting reallyexpensive.
I've seen in Westchester Countyan average of one family from
$5,000 to $6,000, or even more,depending on what lower
Westchester County I'm talkingabout.
Right, it's more expensive forthose luxury, of course, but
(24:12):
five to $6,000, that's.
I prefer to give that to mymortgage than give that to a
landlord, right, because everytime you're paying off your
mortgage, you're getting moreand more equity in that home as
you go along.
Yeah, Then that money can beused in the future.
If you do want to sell the homeor refinance and get another
property, try to invest in it.
Exactly, I'm with you.
But those rentals, man, theyskyrocket and they're going to
(24:34):
go higher.
And every year they come inhigher and higher.
And in Section 8, that's wherewe are right now, because
Section 8 is giving some highnumbers right now for Section 8.
Oh, yeah, they are, and they'rethe ones that are bringing up
the rental prices.
Section 8 is their own citythat's bringing these prices up.
New York City itself isbringing these prices up,
because when you see the boroughof the section of Angel, you
see it close to $4,000 for athree barrel.
(24:56):
Yeah, without a doubt.
I mean, I've seen it.
And what you think happens toall the landlords when they've
seen that the city is the onegiving these prices, they want
to give the same prices toeveryone.
Yeah, cash or no programs,exactly Because, like, those
programs become like thestandard rate for these
properties.
Exactly, you go like, okay, whyshould I rent it out to a cash
(25:18):
buyer when this person can giveme guaranteed money through the
city?
It might take a little bitsometimes to get the paycheck,
but it's like a guaranteed,almost paycheck from the city.
So you're competing with that.
And yeah, you can only imagine,I know a lot of people like
apartments because you have theflexibility to move here and
there.
But if you're really going tobe in a place for a long time
and you don't want to worryabout rent increases and stuff
(25:39):
like that, it just makes moresense to buy than anything.
Yeah, to be honest with you guys, and you know, guys, we are
here for all your real estateneeds, any questions you may
have.
We also have great contacts.
We love to share them with youguys, please reach out to us.
Please like, share, write,subscribe, and we're here for
you, guys.
And also guys, let's go.
Yankees To all those hatersenjoy watching us in the World
(26:02):
Series, please.
All right, adios, let's go,guys.
Take care, suit up with BiasPodcast, take care.
Bye, guys.
hello everyone, welcome to suit up with bias
podcast.
I am excited.
Another podcast here with myco-host, angelo bias, and I am
alex bias and angelo, you knowI'm wearing my outfit.
Yankees, listen, we down two.
I don't really care, I'm stilla yankee fan.
Been a yankee fan since I wasborn.
(00:29):
I was born literally five, sixblocks away from yankee stadium.
Guys, let's go, yankees, we'regonna win this.
Uh, we're gonna come back.
But I'll tell you guyssomething.
Man, they need to fire aaron.
Boom for sure.
Game Game one was taken from us.
Aaron Boone made some horribledecision.
Not sure who's working on theback end, but focus on firing
(00:51):
Aaron Boone.
Judge, yo, my guy gotta step up, man.
Not sure what's going on withyou.
I know New York is tough Guys,fans, slow down.
We're putting pressure on Judge.
I know he's doing bad guys, butcut it out because we need to
win.
Guys, today's game three Idon't know when you guys are
going to see the podcast, butit's game three.
(01:12):
We got four.
I still got Faith Hope.
We're going to go.
It's been 15 years, angelo.
15 years we've been sufferingfor these Yankees.
We got these in the WorldSeries, but the job is not done.
Yeah, and they also need tofocus on giving Juan Soto a
blank check.
Good point, juan Soto, how muchyou want?
How much you want Juan Soto toget us?
(01:33):
We got to go to the WorldSeries.
He definitely helped us outtremendously.
He's the only one that'sbatting right now in the World
Series, him and Gene Carlos.
We need him to understand that.
We need Judge to step up.
Oh, yeah, without a doubt.
And, like you said, the NewYork crowd is Stanton Carlos.
Stanton, gene Carlos, what'shis name?
Again, I forgot his last name.
Go ahead, yeah, and, like yousaid, the New York crowd is a
(01:56):
little bit crazy sometimes.
All right, slow down, man.
Yeah, I actually went to CitiField last week playoffs.
It was so calm.
You go to yankee stadium.
They pour beer at you.
You know, we gotta slow down alittle bit, man, let's enjoy the
game the nice way.
Just I heard that, uh, you oncewent to a game and they were
like throwing stuff at theopposing.
Oh, it was bad, it was bad, itwas bad.
(02:17):
So basically, we went.
We was in the outfield, me andchris.
Chris got me those tickets,little guy right here.
We went to the, to the game andthe yankees actually won that
game, angel.
I got home and my wife was likeyo, you stink, they soaked my
hat, they soaked my jersey likewe had.
We smelled so much like beerlike it was fun.
(02:40):
But then afterwards, when I goslow down, I mean every hit they
throw the beers like it is fun.
The atmosphere is crazy.
I think I gotta slow down alittle bit with the atmosphere
because I feel like everyone isscared of it.
And then when I went to thecity field last week or last two
weeks ago, all they were sayingwas like you guys are wow, I
don't even want to go watch agame.
And I'm like you know, I don'tblame them, I am from the bronx,
(03:00):
I know how it gets, how act.
But I know we're extremelyexcited.
We've been waiting for this fora long time.
But let's enjoy the game, alsohaving my other elders around
you.
Let's enjoy guys.
But I am a huge fan of Yankeefans.
I have been suffering these twodays.
I haven't slept well, but Ihave faith we're going to come
back and if we don't, it is whatit is.
But we definitely need to bringJuan Soto back to the Yankees
(03:23):
lineup.
I mean this kid, 26 years old,he's making history the second
year in the World Series.
He won in Washington.
I believe he was 19, 20 yearsold.
This kid is like the future.
Wait, at 19 years old 19 yearsold, he broke the record and he
also won MVP.
He was 19 or 20 years old.
He also won MVP on the WorldSeries.
That's unbelievable.
(03:44):
I didn't know that.
This kid is a beast, really, 26years old got so much ahead of
him.
I know a lot of teams are afterhim.
I was hearing an article thatthe Dodgers might be going after
him.
You know this is you guys gotto cut it out.
These Dodgers want every player.
Three, two pitches that are inthe dodgers were supposed to be
in the yankees, right?
(04:04):
Yeah, he's one of them.
There's another one?
Ah, there's two of them.
They're going after the sameplayers the yankees want to go
after.
You know new york we got money.
I know los angeles got money,but new york got money.
Yeah, from what um chris wastelling me is that yamamoto was
supposed to go to the new yorkyankees.
They were offering him moremoney, but he wanted to be
closer to his.
That's what happened.
Yeah, he wanted to be closer toOtani, so he went to the
(04:26):
Dodgers.
Yeah, they're both Japanese, soit made sense for both, right?
Ah man, it was a tough loss.
I think Game 1 was the toughestone.
Game 2, to be honest with you,I knew it was going to happen,
but Game 1, I honestly was verydisappointed in Game, very
disappointing game one Likewe're one hour away of winning
that game and the decision hedid with bringing in that
pitcher having pitched sinceSeptember 15, you know to bring
(04:50):
in.
I remember hearing that that tome made no sense.
I would have put the otherlefty instead of Henke.
They brought out two lefties.
Yeah, it was like the worstdecision I've ever seen, my God.
Also, second baseman he came andtook out second baseman to put
Cabrera.
Cabrera doesn't play second, heplays all infield, but he got
the kid going crazy.
I mean every position.
Yeah, no, I'm not going to lie.
(05:11):
That was probably the firstfull game I've ever watched in
baseball and I was like, oh,it's done.
The bases got loaded at the endand I'm like, god damn, like
that was crazy.
For me I'm indifferent becauseI'm still getting into the sport
(05:33):
, but that was insane right atthe last second.
No, it's been this been so long.
Yeah, no, I can only imaginethem, especially first.
Like I don't think second gamehurt me so much like the first
game hurt me.
We're one hour away of winningand the decision that Aaron
Boone made cost the game andthat's why I'm so hurt.
(05:54):
He's the manager, yeah, ah,okay, so it was his decision.
He's the coach.
He makes all the decisions.
He's the final decision maker.
He's the final decision maker.
And then on the second game, Ithought they were going to do
the reverse bases are loaded andyou just need that one home
runner.
To be honest with you.
Man, first day man, I screamedso much I lost my voice.
(06:15):
I had my kids jumping up anddown.
I was running up and down withLexi and Levi and every time in
the last inning we were jumpingup and down until the last hour
and I turned my TV off.
But, guys, I'm still a fan.
Also.
One last thing before we go tothe next topic To all those
haters, especially those Bostonfans, dodgers fans, phillies,
(06:36):
all those haters that keepsending me messages.
Guys enjoy watching us in theWorld Series, especially those
Boston fans.
You guys are taking your timeto watch us play, right, so
continue watching the game, youhaters.
We still made it to the WorldSeries.
Job's not done, but it's goingto get done very soon.
Let's go Yankees.
Let's go Yankees.
I'm going to show hail Tony.
(06:58):
The guy is humble, he isbrilliant.
I mean, I've never seen aplayer like him.
He's an all-around player.
He's becoming like the newLeBron in MLB.
Oh yeah, if you think about it,yeah, all of Japan tunes in
LeBron James.
Yeah, there you go, all ofJapan tunes in.
He's bringing so much attention.
You want to know something.
Guys, this is probably one ofthe most expensive, more
(07:22):
interesting World live in.
And also, this guy, otani, isfrom Japan.
So we've seen like threedifferent countries.
We've got the Hispanics, right,the Mexicans watching, because
it's a lot more than Los Angelesright.
We've got New York and you'vegot also Japan, and Yamamoto is
Japanese too, exactly.
So they're both getting thatbig, big, big.
The revenue has got to be crazy.
(07:42):
I'm just world serious, to behonest, if you look into a
detail like those tickets rightnow, crazy, right.
Yeah, I think the yankees had ajapanese player, if I'm not
mistaken, they did, but they gotrid of him.
They did, they did.
He was, uh, was, a pitcher aswell.
These japanese be.
It's like they create them withai or something.
It's crazy.
Japanese pitchers cut like, ohmy god, they got some really
(08:03):
good cutting on balls and allthat.
It's like an AI baseballplayers they're creating.
I'll be honest with you, otanidude, you like an AI baseball
player, a pitcher, a batterthat's an hitter.
This guy plays every position.
Andrew, outfield, he playsevery position.
I've never seen a playerhonestly play infield outfield
and then play as a pitcherUnbelievable Honestly play
(08:26):
infield outfield and then playas a pitcher Unbelievable.
He's an AI.
This dude was made out of AI inJapan.
No, it is crazy, but yeah, Imean that is.
He's humble, though, right?
Oh, yeah, without a doubt, Ithink from the stories that I've
seen, right, when he was inJapan I believe he used to live
with his friends, if I'm notmistaken, and he didn't really.
He didn't really use much ofhis paychecks and stuff.
I'll be honest, if the Yankeeswant to win the world series,
(08:47):
let's do a tiny dog and we'llwin.
He will be sad and depressed ohmy God, we got to steal a tiny
dog.
Yeah, I know about that, oh man,but yeah, having put that aside
, we can start talking about,like, the Westchester County
real estate market in 2024.
It's interesting, right, it isinteresting.
(09:09):
It says that rising inventory,despite notable increases in
listings, westchester mediumhome price has continued to grow
by 8%, reaching nearly $1million.
Can you imagine that?
Honestly, westchester County,the real estate market, honestly
, it has gone up tremendously.
Oh yeah, these prices of thesehomes have gone on tremendously.
(09:30):
But you know why I think so?
Because more of that privacythat you want to have with your
family.
Maybe that's why I see thatsince COVID I've been noticing a
lot of people want to be buyingmore in Westchester County than
before and it's just more ofthat comfortability of living
right, and it's just more ofthat comfortability of living
right.
But I'll be honest with you,yeah, it's great and all
Westchester County, new YorkCity.
But I think I saw the other dayin an article like the most
(09:53):
important thing is getting yourfoot in to real estate.
It doesn't matter where you'rebuying real estate, it's getting
your foot in right.
I think sometimes we sit down.
I'll give you an example.
I had someone in my family oncetell me like, dude, why do you
buy a condo, why don't you justbuy a single family?
But guess what?
That's what I could afford atthe moment and I was more into
like getting something than notgetting nothing for my family
and my kids.
And that condo guess whathappened Opened all the other
(10:16):
properties I have boughtafterwards.
Right, you rented that out,right?
Yeah, I got that propertyrented out.
Yeah, but but do you know whatI'm saying?
It's like I think people focusmore on what people are thinking
or saying, are going to say,guys, the reality is this is
what can you provide to yourfamily?
At the moment, no one's goingto be providing, like you are,
for your family.
So whatever you could providefor your family, go get it.
Don't focus on you know, I wanta single, I want a three family
(10:37):
.
I want to start with a fourfamily.
No, you go.
Do you need all of that?
Maybe you want to have a placethat you don't need to worry
about rent increases, so you gofor a co-op or condo.
Right, preferably condo.
Co-ops are a little bit morestrict.
I'm not saying it's a bad thing, it's just like you know it's
(10:58):
it's a longer process and it'sit's very tedious, yeah,
especially like um, once you tryto sell again.
It's also like you have to keepa lot of things in mind like
it's a flood tax.
How much is the flood tax?
What are the rules regardingthat?
There's just so many more rules.
With a co-op, we always advise,if you do have the means right
you might want to stay a littlebit out of shit to go for a
(11:18):
condo, because a condo is morestraightforward, like a single
family almost.
Yeah, it goes back to that.
Whatever you guys go for, gofor it, don't focus on I want
this, I want that.
The reality is, whatever whereare you at at the moment, and
whatever you and your family gofor because once you get a
mortgage, remember, guys, it's acommitment for 30 years, right,
unless you keep doing refund.
But you know, the reality isthat you got to come in for 30
(11:40):
years.
It's something you committed to, something so huge, right, it's
, it's probably one of thebiggest purchases of your
lifetime.
Oh, yeah, whatever you couldbuy.
But I remember buying thatcondo and they told me that and
I told my wife no, wait, don'tworry about it.
With this condo we're going togo to another house, and another
house, and another house, andit has been just like that, and
I first praise God first for it,because it wasn't me, it was
(12:06):
all in mind like, whatever youguys go for, just buy, it's just
what.
Will you just get your footinto real estate?
That's the most important thingto me.
How many rooms was your condo?
It was three bedrooms, had twobathrooms.
It was actually verycomfortable, had a wash and dry,
had two bathrooms, yeah, andalso had wash and dry.
It had a front parking.
It was like the comfortabilitywas great for me.
I mean, it felt more like ahouse at one point.
The only thing is that you knowwhen you're in the condo you're
sharing the comment um shareswith everyone else right, um, so
(12:28):
upstairs with someone elseliving.
So, but it was more like it wastownhouses.
So it was really unique andnice.
And you have parking, which isone of the right, biggest,
literally.
I opened my door.
Angelo is right in front of myhouse, literally, not like I had
to walk, it was literally.
It's too comfortable Rightthere.
Yeah, also central AC.
Oh, you have central AC.
Yeah, central AC, nice.
So it's like you know heatingand AC.
(12:50):
Yeah, that's so clutch to havecentral AC.
But for me, I think the biggestthing for New Yorkers is that
parking, parking is such a bigthing, like sometimes we get
properties where we're trying tohelp the owner sell them but he
might not have parking.
Parking is so big, like if youcan find parking in a condo and
stuff.
That's such a blessing.
(13:11):
Well, I am seeing that they'redoing a lot of parking in New
York City.
They are taking a lot ofparking in that as well.
But, like I said, you know it'sgot to buy something Whatever
fits.
You.
Just buy Whatever is in yourbudget.
More importantly, stay in yourbudget.
Make sure you're qualified witha lender.
That's what Heidi's here for.
She could pre-approve it.
But just make sure that you'requalified before you start
(13:31):
looking into purchasing.
A lot of people have the badconcept I have a great credit, I
have this.
Yeah, we all have good credits,but everyone qualifies
differently.
Angela, right, just make sureyou get qualified with a lender.
You know, get qualified with alender.
You know specificallyrecommended in heidi but always
get qualified by a lender beforeyou go see houses.
I think we have this concept oh, let me go see houses, but then
you don't even know how muchyou qualify.
It's good for you to know howmuch you qualify so you can know
(13:53):
your payments too.
Monthly, exactly, monthlypayments are important for you.
That's probably the mostimportant thing.
Yeah, the monthly payments.
Like we've touched on previouspodcasts, monthly payments
should be probably one of themost important things that you
look at yeah, instead of like uh, you feel comfortable with yeah
, because you got to assess,like, what do you want, what do
(14:13):
you need from the home?
And then from that you go likeand how much can I afford to pay
monthly?
Yeah, I'm with you a hundredpercent.
Yeah, those two things are soinstrumental.
Like, if you're taking anythingaway from this podcast, is that?
It's like when you're searchingfor a home.
It's like say what are thethings that you need for you and
your family right now and justwrite those down the needs, not
(14:34):
the wants.
Right, we want a lot of things.
We want an aisle, we want anisland in our kitchen, we want
all these things, but what do weneed?
Right?
That's a great point.
Yeah, we need.
Do we need, parking?
Well, we live in the city,right?
So maybe we can forego parkingand we can go to a place that
may not have parking but it'sclose to the train station or
something like that, and thenyou get everywhere.
Yeah, I feel like you know.
(14:54):
You just had a great point.
But I also feel like on yourfirst property you have to not
be as much picky.
Oh yeah, you just got to getyour foot in there, unless
you're in a situation that youknow you're financially good and
you.
But if you're just right on theline and buy honestly like, get
your foot in there but alwaysgot to drive to get your foot
into the real estate.
That's so important because youdon't know what you want out of
(15:15):
a property until you're inthere and you kind of go like
you know what.
Now I think I have a betteridea as to what I want.
I could never have thought ofthat if I didn't already own
this property.
Yeah, yeah, that condodefinitely gave me a lot of
experiences.
You know, I started seeing whatit is of being a homeowner.
Yeah, I was renting my wholelife.
So I was like whoa, this condo?
(15:36):
Definitely because my boilergot messed up within the year.
Wait, the boiler got messed up.
Yeah, the boiler got messed up.
Yeah, the boiler got messed up.
I had to get it fixed.
Thank God, my neighbor, hefixed boilers.
He literally went next door andfixed it within like an hour
for me.
Oh, wow, wait, was that yourresponsibility to fix the boiler
?
Yes, when you own a condo, yeah, it's your responsibility to
fix anything inside the house.
Oh, okay, it's yourresponsibility, yeah, oh, so
(15:59):
everything outside is the onethat you're responsible for.
I'm not responsible, it wouldbe management.
Correct, Awesome, yeah, whenthere's a leak coming from
another unit, right, is thatwho's?
That's a good question.
So it happened to me.
Management is responsible forthat.
Management is responsible.
Yeah, because it's damaging myproperty, gotcha?
Yeah, so what they did was thatthey actually fixed it.
(16:23):
It came, took them two, threedays to fix the easy work.
Look at that.
Management.
Condos are very interesting,especially co-op.
Co-op is more interesting.
Oh yeah, there's a lot ofrestrictions, a lot of rules, a
lot of regulations you got tofollow.
But you know, whatever youdecide to buy a co-op or condo
(16:51):
basically same concept there andthen one of the properties you
got to deed and the other oneyou don't get to deed you got to
stop certificate You'reinvesting into it.
So, on the condo, you got toactually deed like you're buying
a house, right?
So that's the cool thing aboutcondos, right, a lot of the time
I think.
Correct me if I'm wrong, but Ibelieve, like in co-ops, get
(17:11):
depends on the amount of squarefootage your property has.
Like the larger square footage,the more shares you get.
No, they have already a numberof shares that every unit has.
Yeah, no, but I'm saying likesome might have a little bit
more shares and I think it'sbecause of the square footage,
because it's a little bit biggerthan the other units.
No, I'm not sure about that.
No, to be honest, about theshare, I just know that when
(17:34):
you're going to buy they let youknow about the shares and they
let us know, but they never letus know.
If it's there, most likely canbe right, but not 100% Got you?
Yeah, co-ops Co-ops aresomething else, but yeah, so it
says here that for theWestchester County real estate
there's been a boom in luxuryproperties.
Properties priced above $2million have surged by 24%.
(17:57):
Jesus, yes, and particularlyareas like Rye and Scarsdale,
and we know those areas arereally nice.
I mean, of course they gotreally good schools, angela,
correct, that's what it is, youknow.
And their taxes, property taxes, man, I have seen in that I've
seen property taxes fored forlike 40 to 80, $90,000 on those
type of areas, even more thanthat, close six figures.
(18:18):
But it's because of the schools, right, that it offers.
But I definitely seen that alot of on those areas and
listing a lot and they also signfor more than what they listed
for Gotcha.
It's like, you see, that themarket all over, even on the
luxury side, is going outtremendously.
Yeah, the luxury side is goingout tremendously.
Yeah, I knew a guy that he waslooking at scarsdale.
He wanted to just buy like Ithink it was like a 2.4 million
(18:39):
dollar house in scarsdale and heonly wanted to live there for
like five years so his childrencould go to the school system or
not.
He wouldn't.
Oh, look at that.
Yeah, that's what those type ofareas, right, that's what
attracts the um basic people,because they want the kids to
get the best education.
Yeah, I'm huge on that.
In Heidi, we're very tough onfinding the best education for
our kids, right, and those arethe areas that offer it.
(19:02):
You know, right, it's morepricey, but you got to sacrifice
for your kids.
Exactly, scarsdale is veryschool driven.
I think Rye is buying thewaterfront.
Yeah, it's beautiful, beautiful, right.
Yeah, yeah, it's beautiful,beautiful, right.
Yeah, it's beautiful.
That's what right playland isthat.
You know it has a lot of thingsthat it offers, but schools is
one of them and, um, taxes onthose property are great and
high, oh yes, but it definitelypays off because it goes to the
(19:26):
right things right and you seethe type of living, type of
service that they offer.
With itself you're paying forwhat exactly those taxes, like,
are going into.
You know they're going intogood places, that luxury real
estate is really good.
Yeah, because all those taxesare being, like I said, they're
going to the right places andyou're seeing what you're paying
(19:47):
from other counties that wewon't discuss.
But it says here that in housingaffordability, welcome home
Westchester campaign.
Westchester's new affordabilityinitiatives, like expanding
accessory dwelling units andsupporting transit oriented
development, are designed tomake housing more accessible
while fostering community growth.
So they're coming up with acampaign for westchester's.
(20:09):
You know there's moreaffordable housing, which needs
to be done because that's good.
Yeah, it's giving everyoneopportunities to live in
washington county, right, andit's gonna.
You know it's great.
You gotta offer.
You know you gotta also offerhelp to everyone to community,
right, because there's a lot ofhousing here.
Well, there's not that muchhousing because there's more
(20:29):
houses than natural buildingsthat might be.
Yeah, washington county is alot of houses, oh, yeah, a lot.
I think the beautiful thingabout it you mentioned this to
me once is that every house isvery unique.
Up here I'll give you anexample.
In the bronx right, you will goin the block and it's all the
same house.
Oh yeah, the same layout, samedesign.
But then when you come toyonkers right, or washington
(20:51):
county, different area youyou're literally driving in a
block and every house isdifferent.
Every house is unique.
Every house has a differentdescription from the outside.
Everything is different.
It makes it more cool andunique because when you're
driving in you can start seeingevery house is totally different
.
And then you go to the Bronx.
Literally I see all the time inthe Bronx the whole block is
the same house Gotcha, Threefamilies, two families, got you,
(21:16):
three families, two families,all the same sack house.
So it's pretty interesting howin west is coming, especially
yonkers, because we do a lot ofbusiness in yonkers.
Um, it's also the kings ofhills, oh yes, yonkers got so
many hills everywhere.
But it's very unique all thehouses.
You see a mansion, you see asmall house, you see a ranch
house right next to them, likewhoa, where all these type of
different houses come in oneblock, exactly like we um went
(21:36):
on a ride to get some food onetime and I remember just seeing
on the ride, just every housewas unique, totally different.
And, like you said, yonkers,king of house, because, like,
just to get to this office yougot to go up a big, big steep
hill and then you come back downthe hill.
Oh, yeah, the same thing.
You gotta go back up and down,but you got to be careful.
Sometimes when it's snowing,that's right.
Yeah, when it's snow itwouldn't work.
(21:57):
Yeah, 20 hills in the Yonkers,oh, without a doubt.
Now the Bronx real estate marketin 2024.
Here's one thing With rentsrising about 7.5 year over year,
the Bronx remains a desirableyet expensive rental market.
Maud Haven in particular standsout with high demand from young
professionals, while moreaffordable neighborhoods like
(22:17):
Morris Heights offer attractiveoptions for renters and
investors alike.
Like we were saying lastpodcast, mod Haven is getting a
lot of.
So the one-bedrooms, how muchare they going for?
From what I've seen,apartmentscom, I believe it
stated don't quote me on this,but I think it stated that it
was like around for a studio,like 2,000 now averaging for new
(22:41):
ones.
Yeah, so what I saw.
On the studio they're likeprobably like 1,700 to 2,000.
On the one bedrooms, what I saw, they were 2,000 to like 2,300,
2,400.
And then the two bedrooms arelike $2,500 to $3,000.
Yeah, and the three bedroomguys, from $3,200 to $3,800.
The three bedrooms are statingthat it's $3,200 to $3,800 a
(23:05):
month.
Guys, they're getting moreexpensive than that.
I'm going to tell you guys asecret when I live.
I live in a single family, guys.
I don't even know if we payclose to the two bedrooms that
you guys are paying for.
I'm always going to be soagainst the rentals because they
are going up tremendously now.
It's just like it doesn't make.
At this point it makes moresense, like you know some, for
you know it takes time buthonestly, it's safe in buy a
(23:28):
house because the way theserentals are going is just going
higher and higher.
And guess what All that moneyis going to where?
To the drainage.
So it's like, are you reallygoing to continue paying for
these rents?
But you know, also for thoseinvestors that love to buy
property, it's a good time tokeep buying two to three, four
families right now, because it'sinsane right now, the rents
(23:48):
right now.
I mean $3,200 to $3,800 for athree barrel, you know, and
that's in the Bronx.
Westchester County is a littlemore higher.
Just have that in mind.
Look how expensive it is.
Yeah, it's getting reallyexpensive.
I've seen in Westchester Countyan average of one family from
$5,000 to $6,000, or even more,depending on what lower
Westchester County I'm talkingabout.
Right, it's more expensive forthose luxury, of course, but
(24:12):
five to $6,000, that's.
I prefer to give that to mymortgage than give that to a
landlord, right, because everytime you're paying off your
mortgage, you're getting moreand more equity in that home as
you go along.
Yeah, Then that money can beused in the future.
If you do want to sell the homeor refinance and get another
property, try to invest in it.
Exactly, I'm with you.
But those rentals, man, theyskyrocket and they're going to
(24:34):
go higher.
And every year they come inhigher and higher.
And in Section 8, that's wherewe are right now, because
Section 8 is giving some highnumbers right now for Section 8.
Oh, yeah, they are, and they'rethe ones that are bringing up
the rental prices.
Section 8 is their own citythat's bringing these prices up.
New York City itself isbringing these prices up,
because when you see the boroughof the section of Angel, you
see it close to $4,000 for athree barrel.
(24:56):
Yeah, without a doubt.
I mean, I've seen it.
And what you think happens toall the landlords when they've
seen that the city is the onegiving these prices, they want
to give the same prices toeveryone.
Yeah, cash or no programs,exactly Because, like, those
programs become like thestandard rate for these
properties.
Exactly, you go like, okay, whyshould I rent it out to a cash
(25:18):
buyer when this person can giveme guaranteed money through the
city?
It might take a little bitsometimes to get the paycheck,
but it's like a guaranteed,almost paycheck from the city.
So you're competing with that.
And yeah, you can only imagine,I know a lot of people like
apartments because you have theflexibility to move here and
there.
But if you're really going tobe in a place for a long time
and you don't want to worryabout rent increases and stuff
(25:39):
like that, it just makes moresense to buy than anything.
Yeah, to be honest with you guys, and you know, guys, we are
here for all your real estateneeds, any questions you may
have.
We also have great contacts.
We love to share them with youguys, please reach out to us.
Please like, share, write,subscribe, and we're here for
you, guys.
And also guys, let's go.
Yankees To all those hatersenjoy watching us in the World
(26:02):
Series, please.
All right, adios, let's go,guys.
Take care, suit up with BiasPodcast, take care.
Bye, guys.
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