December 20, 2024 • 19 mins
Can blockbuster trades really reshape a team's destiny? Join us as we dissect Major League Baseball's latest thrilling moves, spotlighting the Yankees' strategic acquisitions of Max Fried and Devin Williams, and the financial foresight behind parting with Juan Soto. We pay homage to the unparalleled talents of Shohei Ohtani, whose prowess on both the mound and at the plate is nothing short of revolutionary. The episode also delves into the dynamics of player loyalty and leadership, drawing parallels between Aaron Judge and the legendary Derek Jeter. We examine the ripple effects of these shifts on the Dodgers and Mets, while pondering the massive contracts that could define the future for players like Vladimir Guerrero Jr.
Shifting gears, we unravel the complexities of the current real estate market, where managing property permits with precision is more crucial than ever. Explore the resurgence marked by bidding wars and a daring wave of buyers waiving contingencies as interest rates dip. We also take you through the migration trends of New Yorkers heading to the sunshine state of Florida and the scandalous legal troubles of high-profile brokers Cal and Oren Alexander. The spotlight turns to real estate brokers as public figures, scrutinizing their role in New York City's ambitious zoning reform and the city's relentless pursuit of affordability. Our conversation captures the essence of New York's vibrant business landscape, concluding with heartfelt gratitude for the invaluable support from our listeners and community.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:09):
Hello everyone, Welcome to Pseudo with Bias
podcast and I'm here with AngeloBias and I'm Alex Bias and I'm
excited we're at the end of theyear.
Speaker 2 (00:19):
Yeah, we're almost there, yeah.
Speaker 1 (00:20):
Few more days for 2025.
So a lot of things is going onthis month.
Speaker 2 (00:24):
Yeah, no, absolutely.
You got the presents forChristmas and everything.
Yeah, a few more days for 2025,so a lot of things is going on
this month.
Yeah, no, absolutely.
Speaker 1 (00:25):
You got the presents for christmas and everything
yeah, thank god, we got that allwell hided there.
My wife took care of all that,and that'd be interesting year.
Speaker 2 (00:34):
Yeah, no, absolutely.
And also the yankees got somenew pitchers out here.
They got max free eight yearsto 18 million and Devin Williams
for Nester Cortez and infielderCaleb Durbin.
Speaker 1 (00:48):
Nice.
Honestly, I'm happy they letJuan Soto go.
Speaker 2 (00:52):
I think it was extremely high.
Speaker 1 (00:54):
I think it was really smart what the Yankees did, and
now they're picking up somegood pitchers.
We definitely need some goodpitchers, as you saw what
happened in the World Series.
I think the infield was a bigproblem during the World Series,
so it was really good that theypicked up these pitchers.
I think the Yankees are headingin a good direction.
I think we need at least afirst baseman, a new first
baseman, and I think we shouldhave a good year to be honest
(01:16):
with you.
Good luck to the Mets.
That was a big contract I sawthat the owner ended up selling
one of his other teams, I guess,to make up for that big
contract.
He just paid Juan Soto, eventhough he's one of the most
richest owners in the Mets, butI think it was extremely high
what he did.
But he would definitely make itup with the sales of the jersey
and all the stuff that he gotgoing on in the Mets.
(01:37):
I think the Yankees made theright decision on letting Juan
Soto go 100%.
Speaker 2 (01:40):
It was too much money .
Speaker 1 (01:41):
Yeah, now, with that amount of money they can pick up
at least three, four goodplayers and actually make a
better run this year.
I think we got a good chanceagain to go against the Dodgers.
I'm 100% sure Mets are notgoing to eliminate the Dodgers.
Dodgers, I see them the nexttwo, three years being that team
that's going to be in the runin the World Series always.
Speaker 2 (02:01):
Right For the next two, three years at least.
Exactly, they're the team tobeat, basically their team is so
stacked, especially when Otanigets back on pitcher as well.
It's crazy.
He's a batter, he's a pitcher.
This guy, he plays everyposition.
Do you think he's more worth itthan Juan Soto in terms of the
money?
A hundred percent.
Speaker 1 (02:18):
Yeah, I always.
He plays all positions.
And you know, being a pitcherand a batter, I think that's one
of the hardest things.
I've never seen a player be apitcher and a batter that can
bat and also pitch at a highlevel.
You see, you come across them,but it's very rare if you see
(02:38):
them that they can do bothpositions at a high level.
So I don't think he's worthmore than I mean.
You know, I give it up to themto the.
Juan soto come from a very poorcommunity in dominican republic
, definitely set the tone andthen will be.
I think now these contracts aregoing to be extremely high for
all these players.
He just opened the route for alot of players right now.
I think the next big contract,my opinion, is going to be
(03:00):
valerian guerrero, his son,junior Jr.
He might be the next bigcontract.
He just rejected $360 million.
He's going to be over $500,.
I think, he just set the tone,juan Soto.
So now everyone is expecting,as a baseball player, especially
at that high level, thatthey're batting and playing.
They're expecting big bucks.
I don't think it's going toever be again the way it used to
(03:23):
be.
You know, if Judge probablywould have waited another year,
he would have got a big contract, Right, I believe it was 360,
if I'm not mistaken.
Speaker 2 (03:30):
But the thing is that , judge right, he's willing to
forego all the premium expensesjust to stay with the Yankees to
give them a good.
He's a real Yankee fan.
Speaker 1 (03:41):
I'm happy the Yankees elected him as the captain.
He does remind me a lot ofDerek Jeter his humbleness, the
way he carries himself and theway he gives all to the Yankee.
Of course, in the playoffs inthe World Series he gave a big
setback, but he continued to bea Yankee and I think we all are
grateful about that.
Speaker 2 (03:58):
He's still a number one in the.
Speaker 1 (03:59):
Yankees.
So you know he still was on topof Juan Soto, which I think
Juan Soto wasn't too happy aboutthat.
But I think Judge definitelydeserved his position and I'm
very grateful for him because hereminds me a lot of Derrick
Jeter.
You know Derrick Jeter was acaptain of the Yankees and
definitely missed I mean, thatcommercial when he retired was
like so sad, that commercial.
Speaker 2 (04:18):
Yeah, no, I saw it as well.
It was all over New York,basically.
Speaker 1 (04:21):
Oh my God it felt like you know, a big legend just
finished his career and it waslike wow, it was kind of hard to
see that year, but definitelyhe did a great run for the
Yankees over 20 years and Ithink Judge is going the same
route.
To be honest with you, I meanhe might have the most home runs
at one point with the Yankees.
Speaker 2 (04:39):
He just needs to translate that to the playoffs
and completely.
He just needs to translate thatto the playoffs and completely.
Speaker 1 (04:44):
He needs to.
You know what it is.
Also, these fans of the Yankees.
You know I'm a huge Yankee fan,but I think we're very hardcore
man.
Sometimes we forget that we'reso hardcore on these players.
Speaker 2 (04:53):
Right One thing that we ended up having a question
about last time.
They said what's a CEO?
Someone reached out and saidwhat is a CEO?
You?
Speaker 1 (05:05):
keep talking about CEO, ceo, ceo.
What is that?
So, ceo is basically acertificate of occupancy.
It basically lets you know ifit's a legal single family, two
family, three family.
It lets you know the amount ofrooms on each floor and also the
CEO, basically, is safe to livein there because they've been
inspected by the Department ofBuilding.
So, ceos, when you'repurchasing a property, you need
to have a CEO up to date, right?
Ceos, when you're purchasing aproperty, you need to have a CEO
up to date, right, because thebank will not release funds or
(05:27):
give the loan to the client ifthey don't have a certificate of
office, right.
So that's a very importantdocument and that's one thing we
do.
When we list or help you buy aproperty, we run the title
search on it.
And one thing that we'relooking for is also the CEO to
make sure the CEO is active andis up to date.
Right To make sure the CEO isactive and is up to date.
Right To make sure you get theloan and to make sure that it's
(05:47):
safe to live in there Apparently.
If you don't have a CEO, thatmeans it's not safe.
Right To live in the property.
Speaker 2 (05:53):
Don't some properties not have a CEO because they're
before a certain date?
Speaker 1 (05:57):
Oh, that's a great question.
It's 1938.
Any property built before 1938,it wasn't required to have a
seal.
After 1938, every property isrequired to have a seal, gotcha.
But they do have recordsshowing that.
So apartment building also, hpdhave records showing if it's a
single family or two family.
On the records at least, anyproperty built before 1938 is
(06:19):
not required to have a sealright.
But if some homeowners in therethat they really want to have a
CEO, you can always go for yourCEO, even if the house was built
after 1938.
You can still go for it.
Speaker 2 (06:31):
Are there any benefits to getting a CEO if
you're not required to A lot?
Speaker 1 (06:35):
of buyers feel more comfortable having a CEO in
place.
That's the truth.
Speaker 2 (06:40):
Yeah it just.
It's more structured that way.
Speaker 1 (06:43):
Yeah, because it tells you what is legal and a
lot of buyers.
I actually had a buyer.
I was buying a property anddecided to back up because I
didn't have a CEO but the housewas built before 1938.
And I told them on the recordsof the city said it was a single
family but they didn't feelcomfortable buying a house
without a CEO.
That was like a mandatory forthem to have a CEO.
Yeah, some people are verytechnical like that, yeah, and
the reason she felt like thatwas because she said what if,
(07:05):
tomorrow, I decide to sell?
I want to have a CEO, I want tobe able to give a CEO to the
next buyer.
And she was thinking about thefuture.
So she decided to back out.
Speaker 2 (07:13):
Understandable.
Another question that they hadright was regarding permits,
Like what are permits?
How do you file for one, whatdoes it mean that it's open and
how do you close?
Speaker 1 (07:25):
it To file permits, right, of course you're going to
have to have some plans, right,submit it, depending what type
of permit you're doing.
If you're doing a roof, you canalways pull up a permit.
If you're doing inside, anelectric or a plumbing,
definitely it's recommended toget an architect to submit plans
and then, after you get theplans approved, it's going to
have basically the plant numberon it and with that plant number
(07:46):
they could pull out permit thenext day.
Right After you pull out thosepermits, right, you do the work
and have in mind you cannotclose the permits until you do
an inspection with the city,right, and so they do a final
inspection.
Once they do a final inspection, it's going to be called a
completion letter, right, andthey completed it and then they
will close out the permit.
So to close our permit, youalways have to have the city
(08:07):
come in and order a finalinspection with the city to come
close out the permit.
If the client does not do that,the permit remains open.
Right, the permit expires,every permit expires, but it
remains open that that permitwas never closed.
So for the city, right, everypermit you pull up, you cannot,
you have to close them, right.
(08:28):
So it don't matter when you'reselling the property.
When the order title and itcomes up that the permit is
there, you're required to closewhen you're selling the property
, unless you disclose it to thebuyer.
Listen, I'm selling theproperty and this is the
particular permit.
I'm selling it as is.
So what happens is that theseller comes and gives a credit
to the buyer Like hey, I'll giveyou $5,000.
You take care of the permitright?
You definitely have to closeout every permit, no matter what
(08:50):
year it is, all permits.
Right now I'm working on aclient that has a permit from
1968.
They're actually selling theproperty, as is.
I also want to share guys, thisweek was actually good.
We actually had two propertiesthat went on the market One.
So I've been seeing that themarket and the buyers are coming
back in.
The rates have been dropping,right, I'm understanding they
(09:10):
are high as five.
So rates are dropping and I'mseeing the bidding war.
I have two properties I put upthis last week and one of the
properties went in contract for$105,000 over asking and the
second one is going in contractfor $100,000 over asking.
And guess what?
Buyers are waiving allcontingency and one of the
contingencies are appraisalright.
(09:31):
So meaning that the buyer willhave to pay.
If the property appraises forless, angela, the buyer will
have to pay out of pocket.
The rest are different, plusthe down payment and plus the
closing costs.
So these buyers agree to thoseterms, waive all contingency,
waive appraisal, waiveinspection and they go in and
contract over asking.
So right now, properties, I seethe bidding wars coming back in
(09:52):
.
Speaker 2 (09:53):
Yeah, no, we've seen that Like you've gotten a lot of
calls now for properties andstuff.
A lot of sellers are calling me2025 is interesting, right?
Speaker 1 (10:00):
A lot of people were just waiting for the president
to come in and make a decisionwhat's best for them and their
family.
I am seeing a lot of solidselling here in New York and I
see that they've been calling me.
Speaker 2 (10:10):
Yeah, do you think it was the presidential election
that kind of got all thesepeople to start recently, like
last week and the week prior,like you were getting so many
calls from like selling yeah, we, we were getting really busy.
Yeah, we were like wonderinglike how this is just like an
uptick of like well, usually atthe end of the year, right
usually after the.
Speaker 1 (10:31):
I always say that presidential, when it comes in
it definitely more, becauseeveryone have their own motives
right.
Some clients going throughprobate and clients are going
through divorce.
You know we have all types ofclients.
It all depends the situationyou're in.
But one of the motives isalways that really they can't
handle new york anymore, thatrun around that pressure and
most clients of mine are movingto florida.
(10:52):
They just want to be morepeaceful, more quiet.
They also want they don't wantto deal with the cold anymore.
It's usually when that coldhits clients are like getting
motivated to get out of New York.
Speaker 2 (11:01):
Yeah, florida, I mean .
Speaker 1 (11:03):
Florida is big, now Texas.
Speaker 2 (11:05):
Florida is big.
I remember seeing an article inFlorida about two real estate
brothers and how they basicallygot inducted for human
trafficking.
What are the broker's name?
I believe it's.
Let me see if I can pull it upreal quick.
I think it's where is it?
Speaker 1 (11:23):
I've been seeing that a lot, so I saw this article
that came up that in Floridathere's a huge percentage of New
Yorkers moving to Florida andI've been seeing that a lot of
people, a lot of my clients, aremoving to Florida too, that I'm
selling their houses here.
Most of them are retired andthey want to live in Florida due
to the weather and yeah,definitely.
Speaker 2 (11:42):
Here it is Real estate brothers caught in sex
trafficking scandal.
If I'm not mistaking, theirnames are Cal and Oren Alexander
, and they were charged withfederal counts of sex
trafficking and are expected tobe extradited to New York to
face charges.
Wow, so it happened in New York.
The case, well, it's sayingthat they're being extradited to
(12:03):
New York to face charges.
Wow, so it happened in New York.
The case, well, it's sayingthat they're being extradited to
New York.
It's saying that they're fromFlorida.
Speaker 1 (12:08):
Miami.
Oh, okay, yeah, so I'm not surewhat happened and they're real
estate brokers Yep, they'reluxury real estate brokers, wow.
Speaker 2 (12:13):
So they had a lot of connections and, yeah, they were
basically out here in like.
Speaker 1 (12:26):
I know sometimes the money gets to guys in their head
, but always got to do the right.
If you're doing the wrong it'sgoing to come back to you.
Sooner or later it comes tolight.
I always say all those guys outthere, all those real estate
brokers that I love doing wrong,it's going to come back out to
you guys.
No, absolutely.
Speaker 2 (12:42):
You always got to do it right by the client Always.
Speaker 1 (12:46):
I always tell everyone we're actually public
figures.
We're out there so much so weactually public figures.
And anything you do us as realestate brokers, we real estate,
real estate broke we're publicfigures, right, they're easy
gonna be pointing at us.
So best advice is to always dothe right thing, especially if
we're like, seen as publicfigures.
Our face is all over socialmedia, all over podcasts, um,
(13:08):
all over you.
You put one of our names onGoogle and we come up in so many
pages because we're all outthere.
We got to be out there for ourclients so they can know who we
are, know that we're licensedand know the service that we
give.
So we're all out there.
So us as real estate brokersand realtors, we're public
figures.
So just always have that inmind, guys, we're public figures
.
One of the hardest, hardestthing, right, you gotta always
(13:30):
keep on the line, but keep onthe line especially, you know
the service that we provide tothese clients, but you know
they're not guilty till they'vebeen proven in court, so see
what happens.
It goes from there and hopefullyeverything comes to the light
you know, yeah, no, absolutely,I mean.
Speaker 2 (13:44):
Uh, going back to new york, I read another article
here that it says new york citycouncil has passed a historic
zoning reform on December 5th.
According to New York CityCouncil website, it is expected
to create over 82,000 new homesacross the city, addressing the
housing affordability crisis.
The reform includes a $5billion investment in the city
(14:05):
for all housing plan, supportingaffordable housing,
homeownership and neighborhoodinfrastructure improvements.
Additionally, the councilpassed legislation to legalize
basement apartments andancillary dwelling units, renew
the J51 tax abatement program,improve transparency and
affordable housing projects,update flood maps and sewer
(14:27):
plans, support older adultsaging in place.
So, wow, they're doing a lot ofinvestment I've been noticing
that real estate is just.
Speaker 1 (14:36):
Every day is getting more interesting.
Every day something new goingon.
We got to be up to date withthat, and that's a lot of
apartments yeah, I mean, wetalked about it before, right?
Speaker 2 (14:45):
that, um, new york is just trying to find creative
ways of how to get new housingin new york, because everyone
wants to be here, right?
New york is just trying to findcreative ways of how to get new
housing in new york, becauseeveryone wants to be here, right
?
Speaker 1 (14:54):
new york is.
Uh, yeah, it's the land exactlylike everyone pictures.
Speaker 2 (14:58):
A lot of people picture themselves from around
the world coming to new york,living there, but the problem is
there's not enough housing.
And if they're, I agree, andthe housing that's available,
it's not affordable.
Speaker 1 (15:10):
It's in new york you see all types of races, to be
honest, you come across alltypes of races and you see that
new york, a lot of people allover the world, like you said,
wants to come to new york, wantsto be part of new york, and new
york is the land to make goodmoney.
To be honest, it's expensive tolive oh yeah it's definitely the
land to to make good money andright.
The lifestyle here is alwayslike we're in a rush, we're
running and you go to otherplaces and you're like, wow,
(15:33):
it's so light.
It feels like Sunday every day.
Speaker 2 (15:35):
Yeah, relax, new York is not New York.
Speaker 1 (15:37):
It's like you better get to business, you better get
things done and you better move,and another predator out there
trying to get business.
You know what I'm saying?
It's like it?
Speaker 2 (15:44):
No, absolutely.
I feel like if you go into anyNew York subway station and you
see how everyone is.
You basically get theatmosphere of New York.
Speaker 1 (15:53):
You get motivated when you go in the trains.
You know, seeing everyone goingearly in the morning to get
business done to make theirliving, you know it motivates
you Because I used to go toschool and when I was in high
school I used to go to WallStreet.
So when I used to go to I usedto go from 149, from the Bronx
to basically Fulton Street.
You would see all types ofbusiness people going in those
trains and everyone is going outthere and you see that
(16:15):
everyone's going out there andyou see like it motivates you,
like I got to go out there tooin New York.
Speaker 2 (16:20):
Yeah, no, absolutely.
When I went to Baruch inManhattan for college, I
remember that when we went intoclasses it was all business
People got in and got out.
Unlike other colleges that Iwas in, especially upstate in
Orange County, I went to anothercollege called San Thomas
Aquinas, completely different,vibe, where it was like you're
(16:42):
more talkative Every time, youjust want to hang out with other
, like hang out with otherpeople, talk and do all of this
stuff.
And Baruch in the city,completely different.
You're essentially just goingin doing your work and getting
out, that's it.
Speaker 1 (17:02):
Also, guys, we want to let you guys know Heidi is
always available.
Heidi buys with Orasco.
Rates are dropping downdramatically right now
drastically.
So I will recommend you toreach out to Heidi.
You guys know her information.
We'll have it below.
Reach out to Heidi to getpre-approved.
It's a new year.
I do recommend some of thesefamily friends buyers Go reach
(17:23):
out to Heidi, go get your andset some good goals for 2025.
Every year, I think we all getmotivated Like 2024 is my year,
2025.
Every year, I think it's myyear.
You know we got to go out there, hustle, grind and provide for
the family and that's what Iwould say Definitely want to
give a message out to everyone,everyone that supports us.
It means a lot to us friends,family that truly support us and
(17:44):
always in contact with us andalways referring us business.
We get tons of referrals.
We appreciate all those pastclients.
We appreciate all those friends, family that refer us clients.
It means a lot to our team andwe're here to assist and help
anyone that has any real estatequestions.
Right?
We answer all questions forfree.
By the way, feel free tocomment, like and subscribe.
(18:04):
And, guys, we really appreciateyou guys so much.
All right, wishing everyone.
This is actually our lastpodcast.
Speaker 2 (18:11):
For this year.
Speaker 1 (18:11):
For this year of 2024 .
Wishing everyone a MerryChristmas and Happy Holidays,
happy New Year, and wishing youguys wealth, health, right.
Wishing you guys all the bestin 2025.
Speaker 2 (18:22):
Yeah, and again, happy holidays.
And, like Alex said, if youhave any comments or questions,
leave them in the comments below.
We, like I said, if you haveany comments or questions, leave
them in the comments below.
We had had people reach out andthat's why we did things at the
very start.
So, yeah, please let us knowany questions whatsoever and
we'll answer them.
Speaker 1 (18:37):
And one last thing, guys, 2025 is going to be a big
year.
We actually have a bigannouncement for the first week
of January.
Our team is going to be makinga big move.
So you know how we were.
Every year, we come up withsomething new.
We always try to get better andexplore to the best.
And, guys, all my clients, weappreciate you.
Guys.
Happy New Year 2025.
(18:59):
Happy New Year, take care.
Hello everyone, Welcome to Pseudo with Bias
podcast and I'm here with AngeloBias and I'm Alex Bias and I'm
excited we're at the end of theyear.
Speaker 2 (00:19):
Yeah, we're almost there, yeah.
Speaker 1 (00:20):
Few more days for 2025.
So a lot of things is going onthis month.
Speaker 2 (00:24):
Yeah, no, absolutely.
You got the presents forChristmas and everything.
Yeah, a few more days for 2025,so a lot of things is going on
this month.
Yeah, no, absolutely.
Speaker 1 (00:25):
You got the presents for christmas and everything
yeah, thank god, we got that allwell hided there.
My wife took care of all that,and that'd be interesting year.
Speaker 2 (00:34):
Yeah, no, absolutely.
And also the yankees got somenew pitchers out here.
They got max free eight yearsto 18 million and Devin Williams
for Nester Cortez and infielderCaleb Durbin.
Speaker 1 (00:48):
Nice.
Honestly, I'm happy they letJuan Soto go.
Speaker 2 (00:52):
I think it was extremely high.
Speaker 1 (00:54):
I think it was really smart what the Yankees did, and
now they're picking up somegood pitchers.
We definitely need some goodpitchers, as you saw what
happened in the World Series.
I think the infield was a bigproblem during the World Series,
so it was really good that theypicked up these pitchers.
I think the Yankees are headingin a good direction.
I think we need at least afirst baseman, a new first
baseman, and I think we shouldhave a good year to be honest
(01:16):
with you.
Good luck to the Mets.
That was a big contract I sawthat the owner ended up selling
one of his other teams, I guess,to make up for that big
contract.
He just paid Juan Soto, eventhough he's one of the most
richest owners in the Mets, butI think it was extremely high
what he did.
But he would definitely make itup with the sales of the jersey
and all the stuff that he gotgoing on in the Mets.
(01:37):
I think the Yankees made theright decision on letting Juan
Soto go 100%.
Speaker 2 (01:40):
It was too much money .
Speaker 1 (01:41):
Yeah, now, with that amount of money they can pick up
at least three, four goodplayers and actually make a
better run this year.
I think we got a good chanceagain to go against the Dodgers.
I'm 100% sure Mets are notgoing to eliminate the Dodgers.
Dodgers, I see them the nexttwo, three years being that team
that's going to be in the runin the World Series always.
Speaker 2 (02:01):
Right For the next two, three years at least.
Exactly, they're the team tobeat, basically their team is so
stacked, especially when Otanigets back on pitcher as well.
It's crazy.
He's a batter, he's a pitcher.
This guy, he plays everyposition.
Do you think he's more worth itthan Juan Soto in terms of the
money?
A hundred percent.
Speaker 1 (02:18):
Yeah, I always.
He plays all positions.
And you know, being a pitcherand a batter, I think that's one
of the hardest things.
I've never seen a player be apitcher and a batter that can
bat and also pitch at a highlevel.
You see, you come across them,but it's very rare if you see
(02:38):
them that they can do bothpositions at a high level.
So I don't think he's worthmore than I mean.
You know, I give it up to themto the.
Juan soto come from a very poorcommunity in dominican republic
, definitely set the tone andthen will be.
I think now these contracts aregoing to be extremely high for
all these players.
He just opened the route for alot of players right now.
I think the next big contract,my opinion, is going to be
(03:00):
valerian guerrero, his son,junior Jr.
He might be the next bigcontract.
He just rejected $360 million.
He's going to be over $500,.
I think, he just set the tone,juan Soto.
So now everyone is expecting,as a baseball player, especially
at that high level, thatthey're batting and playing.
They're expecting big bucks.
I don't think it's going toever be again the way it used to
(03:23):
be.
You know, if Judge probablywould have waited another year,
he would have got a big contract, Right, I believe it was 360,
if I'm not mistaken.
Speaker 2 (03:30):
But the thing is that , judge right, he's willing to
forego all the premium expensesjust to stay with the Yankees to
give them a good.
He's a real Yankee fan.
Speaker 1 (03:41):
I'm happy the Yankees elected him as the captain.
He does remind me a lot ofDerek Jeter his humbleness, the
way he carries himself and theway he gives all to the Yankee.
Of course, in the playoffs inthe World Series he gave a big
setback, but he continued to bea Yankee and I think we all are
grateful about that.
Speaker 2 (03:58):
He's still a number one in the.
Speaker 1 (03:59):
Yankees.
So you know he still was on topof Juan Soto, which I think
Juan Soto wasn't too happy aboutthat.
But I think Judge definitelydeserved his position and I'm
very grateful for him because hereminds me a lot of Derrick
Jeter.
You know Derrick Jeter was acaptain of the Yankees and
definitely missed I mean, thatcommercial when he retired was
like so sad, that commercial.
Speaker 2 (04:18):
Yeah, no, I saw it as well.
It was all over New York,basically.
Speaker 1 (04:21):
Oh my God it felt like you know, a big legend just
finished his career and it waslike wow, it was kind of hard to
see that year, but definitelyhe did a great run for the
Yankees over 20 years and Ithink Judge is going the same
route.
To be honest with you, I meanhe might have the most home runs
at one point with the Yankees.
Speaker 2 (04:39):
He just needs to translate that to the playoffs
and completely.
He just needs to translate thatto the playoffs and completely.
Speaker 1 (04:44):
He needs to.
You know what it is.
Also, these fans of the Yankees.
You know I'm a huge Yankee fan,but I think we're very hardcore
man.
Sometimes we forget that we'reso hardcore on these players.
Speaker 2 (04:53):
Right One thing that we ended up having a question
about last time.
They said what's a CEO?
Someone reached out and saidwhat is a CEO?
You?
Speaker 1 (05:05):
keep talking about CEO, ceo, ceo.
What is that?
So, ceo is basically acertificate of occupancy.
It basically lets you know ifit's a legal single family, two
family, three family.
It lets you know the amount ofrooms on each floor and also the
CEO, basically, is safe to livein there because they've been
inspected by the Department ofBuilding.
So, ceos, when you'repurchasing a property, you need
to have a CEO up to date, right?
Ceos, when you're purchasing aproperty, you need to have a CEO
up to date, right, because thebank will not release funds or
(05:27):
give the loan to the client ifthey don't have a certificate of
office, right.
So that's a very importantdocument and that's one thing we
do.
When we list or help you buy aproperty, we run the title
search on it.
And one thing that we'relooking for is also the CEO to
make sure the CEO is active andis up to date.
Right To make sure the CEO isactive and is up to date.
Right To make sure you get theloan and to make sure that it's
(05:47):
safe to live in there Apparently.
If you don't have a CEO, thatmeans it's not safe.
Right To live in the property.
Speaker 2 (05:53):
Don't some properties not have a CEO because they're
before a certain date?
Speaker 1 (05:57):
Oh, that's a great question.
It's 1938.
Any property built before 1938,it wasn't required to have a
seal.
After 1938, every property isrequired to have a seal, gotcha.
But they do have recordsshowing that.
So apartment building also, hpdhave records showing if it's a
single family or two family.
On the records at least, anyproperty built before 1938 is
(06:19):
not required to have a sealright.
But if some homeowners in therethat they really want to have a
CEO, you can always go for yourCEO, even if the house was built
after 1938.
You can still go for it.
Speaker 2 (06:31):
Are there any benefits to getting a CEO if
you're not required to A lot?
Speaker 1 (06:35):
of buyers feel more comfortable having a CEO in
place.
That's the truth.
Speaker 2 (06:40):
Yeah it just.
It's more structured that way.
Speaker 1 (06:43):
Yeah, because it tells you what is legal and a
lot of buyers.
I actually had a buyer.
I was buying a property anddecided to back up because I
didn't have a CEO but the housewas built before 1938.
And I told them on the recordsof the city said it was a single
family but they didn't feelcomfortable buying a house
without a CEO.
That was like a mandatory forthem to have a CEO.
Yeah, some people are verytechnical like that, yeah, and
the reason she felt like thatwas because she said what if,
(07:05):
tomorrow, I decide to sell?
I want to have a CEO, I want tobe able to give a CEO to the
next buyer.
And she was thinking about thefuture.
So she decided to back out.
Speaker 2 (07:13):
Understandable.
Another question that they hadright was regarding permits,
Like what are permits?
How do you file for one, whatdoes it mean that it's open and
how do you close?
Speaker 1 (07:25):
it To file permits, right, of course you're going to
have to have some plans, right,submit it, depending what type
of permit you're doing.
If you're doing a roof, you canalways pull up a permit.
If you're doing inside, anelectric or a plumbing,
definitely it's recommended toget an architect to submit plans
and then, after you get theplans approved, it's going to
have basically the plant numberon it and with that plant number
(07:46):
they could pull out permit thenext day.
Right After you pull out thosepermits, right, you do the work
and have in mind you cannotclose the permits until you do
an inspection with the city,right, and so they do a final
inspection.
Once they do a final inspection, it's going to be called a
completion letter, right, andthey completed it and then they
will close out the permit.
So to close our permit, youalways have to have the city
(08:07):
come in and order a finalinspection with the city to come
close out the permit.
If the client does not do that,the permit remains open.
Right, the permit expires,every permit expires, but it
remains open that that permitwas never closed.
So for the city, right, everypermit you pull up, you cannot,
you have to close them, right.
(08:28):
So it don't matter when you'reselling the property.
When the order title and itcomes up that the permit is
there, you're required to closewhen you're selling the property
, unless you disclose it to thebuyer.
Listen, I'm selling theproperty and this is the
particular permit.
I'm selling it as is.
So what happens is that theseller comes and gives a credit
to the buyer Like hey, I'll giveyou $5,000.
You take care of the permitright?
You definitely have to closeout every permit, no matter what
(08:50):
year it is, all permits.
Right now I'm working on aclient that has a permit from
1968.
They're actually selling theproperty, as is.
I also want to share guys, thisweek was actually good.
We actually had two propertiesthat went on the market One.
So I've been seeing that themarket and the buyers are coming
back in.
The rates have been dropping,right, I'm understanding they
(09:10):
are high as five.
So rates are dropping and I'mseeing the bidding war.
I have two properties I put upthis last week and one of the
properties went in contract for$105,000 over asking and the
second one is going in contractfor $100,000 over asking.
And guess what?
Buyers are waiving allcontingency and one of the
contingencies are appraisalright.
(09:31):
So meaning that the buyer willhave to pay.
If the property appraises forless, angela, the buyer will
have to pay out of pocket.
The rest are different, plusthe down payment and plus the
closing costs.
So these buyers agree to thoseterms, waive all contingency,
waive appraisal, waiveinspection and they go in and
contract over asking.
So right now, properties, I seethe bidding wars coming back in
(09:52):
.
Speaker 2 (09:53):
Yeah, no, we've seen that Like you've gotten a lot of
calls now for properties andstuff.
A lot of sellers are calling me2025 is interesting, right?
Speaker 1 (10:00):
A lot of people were just waiting for the president
to come in and make a decisionwhat's best for them and their
family.
I am seeing a lot of solidselling here in New York and I
see that they've been calling me.
Speaker 2 (10:10):
Yeah, do you think it was the presidential election
that kind of got all thesepeople to start recently, like
last week and the week prior,like you were getting so many
calls from like selling yeah, we, we were getting really busy.
Yeah, we were like wonderinglike how this is just like an
uptick of like well, usually atthe end of the year, right
usually after the.
Speaker 1 (10:31):
I always say that presidential, when it comes in
it definitely more, becauseeveryone have their own motives
right.
Some clients going throughprobate and clients are going
through divorce.
You know we have all types ofclients.
It all depends the situationyou're in.
But one of the motives isalways that really they can't
handle new york anymore, thatrun around that pressure and
most clients of mine are movingto florida.
(10:52):
They just want to be morepeaceful, more quiet.
They also want they don't wantto deal with the cold anymore.
It's usually when that coldhits clients are like getting
motivated to get out of New York.
Speaker 2 (11:01):
Yeah, florida, I mean .
Speaker 1 (11:03):
Florida is big, now Texas.
Speaker 2 (11:05):
Florida is big.
I remember seeing an article inFlorida about two real estate
brothers and how they basicallygot inducted for human
trafficking.
What are the broker's name?
I believe it's.
Let me see if I can pull it upreal quick.
I think it's where is it?
Speaker 1 (11:23):
I've been seeing that a lot, so I saw this article
that came up that in Floridathere's a huge percentage of New
Yorkers moving to Florida andI've been seeing that a lot of
people, a lot of my clients, aremoving to Florida too, that I'm
selling their houses here.
Most of them are retired andthey want to live in Florida due
to the weather and yeah,definitely.
Speaker 2 (11:42):
Here it is Real estate brothers caught in sex
trafficking scandal.
If I'm not mistaking, theirnames are Cal and Oren Alexander
, and they were charged withfederal counts of sex
trafficking and are expected tobe extradited to New York to
face charges.
Wow, so it happened in New York.
The case, well, it's sayingthat they're being extradited to
(12:03):
New York to face charges.
Wow, so it happened in New York.
The case, well, it's sayingthat they're being extradited to
New York.
It's saying that they're fromFlorida.
Speaker 1 (12:08):
Miami.
Oh, okay, yeah, so I'm not surewhat happened and they're real
estate brokers Yep, they'reluxury real estate brokers, wow.
Speaker 2 (12:13):
So they had a lot of connections and, yeah, they were
basically out here in like.
Speaker 1 (12:26):
I know sometimes the money gets to guys in their head
, but always got to do the right.
If you're doing the wrong it'sgoing to come back to you.
Sooner or later it comes tolight.
I always say all those guys outthere, all those real estate
brokers that I love doing wrong,it's going to come back out to
you guys.
No, absolutely.
Speaker 2 (12:42):
You always got to do it right by the client Always.
Speaker 1 (12:46):
I always tell everyone we're actually public
figures.
We're out there so much so weactually public figures.
And anything you do us as realestate brokers, we real estate,
real estate broke we're publicfigures, right, they're easy
gonna be pointing at us.
So best advice is to always dothe right thing, especially if
we're like, seen as publicfigures.
Our face is all over socialmedia, all over podcasts, um,
(13:08):
all over you.
You put one of our names onGoogle and we come up in so many
pages because we're all outthere.
We got to be out there for ourclients so they can know who we
are, know that we're licensedand know the service that we
give.
So we're all out there.
So us as real estate brokersand realtors, we're public
figures.
So just always have that inmind, guys, we're public figures
.
One of the hardest, hardestthing, right, you gotta always
(13:30):
keep on the line, but keep onthe line especially, you know
the service that we provide tothese clients, but you know
they're not guilty till they'vebeen proven in court, so see
what happens.
It goes from there and hopefullyeverything comes to the light
you know, yeah, no, absolutely,I mean.
Speaker 2 (13:44):
Uh, going back to new york, I read another article
here that it says new york citycouncil has passed a historic
zoning reform on December 5th.
According to New York CityCouncil website, it is expected
to create over 82,000 new homesacross the city, addressing the
housing affordability crisis.
The reform includes a $5billion investment in the city
(14:05):
for all housing plan, supportingaffordable housing,
homeownership and neighborhoodinfrastructure improvements.
Additionally, the councilpassed legislation to legalize
basement apartments andancillary dwelling units, renew
the J51 tax abatement program,improve transparency and
affordable housing projects,update flood maps and sewer
(14:27):
plans, support older adultsaging in place.
So, wow, they're doing a lot ofinvestment I've been noticing
that real estate is just.
Speaker 1 (14:36):
Every day is getting more interesting.
Every day something new goingon.
We got to be up to date withthat, and that's a lot of
apartments yeah, I mean, wetalked about it before, right?
Speaker 2 (14:45):
that, um, new york is just trying to find creative
ways of how to get new housingin new york, because everyone
wants to be here, right?
New york is just trying to findcreative ways of how to get new
housing in new york, becauseeveryone wants to be here, right
?
Speaker 1 (14:54):
new york is.
Uh, yeah, it's the land exactlylike everyone pictures.
Speaker 2 (14:58):
A lot of people picture themselves from around
the world coming to new york,living there, but the problem is
there's not enough housing.
And if they're, I agree, andthe housing that's available,
it's not affordable.
Speaker 1 (15:10):
It's in new york you see all types of races, to be
honest, you come across alltypes of races and you see that
new york, a lot of people allover the world, like you said,
wants to come to new york, wantsto be part of new york, and new
york is the land to make goodmoney.
To be honest, it's expensive tolive oh yeah it's definitely the
land to to make good money andright.
The lifestyle here is alwayslike we're in a rush, we're
running and you go to otherplaces and you're like, wow,
(15:33):
it's so light.
It feels like Sunday every day.
Speaker 2 (15:35):
Yeah, relax, new York is not New York.
Speaker 1 (15:37):
It's like you better get to business, you better get
things done and you better move,and another predator out there
trying to get business.
You know what I'm saying?
It's like it?
Speaker 2 (15:44):
No, absolutely.
I feel like if you go into anyNew York subway station and you
see how everyone is.
You basically get theatmosphere of New York.
Speaker 1 (15:53):
You get motivated when you go in the trains.
You know, seeing everyone goingearly in the morning to get
business done to make theirliving, you know it motivates
you Because I used to go toschool and when I was in high
school I used to go to WallStreet.
So when I used to go to I usedto go from 149, from the Bronx
to basically Fulton Street.
You would see all types ofbusiness people going in those
trains and everyone is going outthere and you see that
(16:15):
everyone's going out there andyou see like it motivates you,
like I got to go out there tooin New York.
Speaker 2 (16:20):
Yeah, no, absolutely.
When I went to Baruch inManhattan for college, I
remember that when we went intoclasses it was all business
People got in and got out.
Unlike other colleges that Iwas in, especially upstate in
Orange County, I went to anothercollege called San Thomas
Aquinas, completely different,vibe, where it was like you're
(16:42):
more talkative Every time, youjust want to hang out with other
, like hang out with otherpeople, talk and do all of this
stuff.
And Baruch in the city,completely different.
You're essentially just goingin doing your work and getting
out, that's it.
Speaker 1 (17:02):
Also, guys, we want to let you guys know Heidi is
always available.
Heidi buys with Orasco.
Rates are dropping downdramatically right now
drastically.
So I will recommend you toreach out to Heidi.
You guys know her information.
We'll have it below.
Reach out to Heidi to getpre-approved.
It's a new year.
I do recommend some of thesefamily friends buyers Go reach
(17:23):
out to Heidi, go get your andset some good goals for 2025.
Every year, I think we all getmotivated Like 2024 is my year,
2025.
Every year, I think it's myyear.
You know we got to go out there, hustle, grind and provide for
the family and that's what Iwould say Definitely want to
give a message out to everyone,everyone that supports us.
It means a lot to us friends,family that truly support us and
(17:44):
always in contact with us andalways referring us business.
We get tons of referrals.
We appreciate all those pastclients.
We appreciate all those friends, family that refer us clients.
It means a lot to our team andwe're here to assist and help
anyone that has any real estatequestions.
Right?
We answer all questions forfree.
By the way, feel free tocomment, like and subscribe.
(18:04):
And, guys, we really appreciateyou guys so much.
All right, wishing everyone.
This is actually our lastpodcast.
Speaker 2 (18:11):
For this year.
Speaker 1 (18:11):
For this year of 2024 .
Wishing everyone a MerryChristmas and Happy Holidays,
happy New Year, and wishing youguys wealth, health, right.
Wishing you guys all the bestin 2025.
Speaker 2 (18:22):
Yeah, and again, happy holidays.
And, like Alex said, if youhave any comments or questions,
leave them in the comments below.
We, like I said, if you haveany comments or questions, leave
them in the comments below.
We had had people reach out andthat's why we did things at the
very start.
So, yeah, please let us knowany questions whatsoever and
we'll answer them.
Speaker 1 (18:37):
And one last thing, guys, 2025 is going to be a big
year.
We actually have a bigannouncement for the first week
of January.
Our team is going to be makinga big move.
So you know how we were.
Every year, we come up withsomething new.
We always try to get better andexplore to the best.
And, guys, all my clients, weappreciate you.
Guys.
Happy New Year 2025.
(18:59):
Happy New Year, take care.
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