February 24, 2025 • 24 mins
Have you noticed how the cold winter months influence not just our daily lives, but also the real estate landscape? In this engaging episode, we navigate through the intricate dynamics of the current market and its fluctuating trends driven by seasonal changes. With temperatures dropping, we discuss strategies that families and buyers are adopting, especially those looking to secure their dream homes before the school year starts. The impact of winter on buyer urgency is tangible, and we explore how it tells a compelling story of hope, anticipation, and strategic decision-making.
We'll dig deep into the renewed interest from first-time homebuyers, reflecting on our own experiences. Discover the emotional highs—alongside the nerves—that accompany purchasing your first home. As we highlight the transformations taking place, we observe key changes in buyer behavior where individuals are getting pre-approved and entering bidding wars once more. Despite high-interest rates, many are willing to embrace the challenges of the market, proving that the desire for homeownership often trumps financial concerns.
Amidst these discussions, we dive into the emerging trends seen in neighborhoods like the Bronx, which are rapidly becoming hotspots for investment as prices soar. We emphasize the importance of positioning oneself strategically in this landscape, whether selling or purchasing, so you can make informed decisions in the heightened competition we see today. Lastly, we shine a light on legislative news that could impact families facing capital gains upon inheriting property—a crucial consideration in these dialogues.
Join us for an enlightening exploration into the real estate world, as we share our knowledge and passion to help empower you on your journey to buy or sell. Don't forget to subscribe and stay connected with us for more insights and guidance!
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:08):
hello everyone, welcome with pseudo, with bias
podcast and I'm here with angelabias and I'm alex bias and I'm
excited, angela, it's cold it isreally cold.
Speaker 2 (00:17):
Well crap.
Thankfully there's no wind,yeah, and that it would feel a
lot colder.
Speaker 1 (00:22):
Well, there is.
It's like I feel like this Ialways say new york is bipolar,
even the weather yeah right,because the weather goes up and
down.
I mean this week been extremelycold, I think it was like 18
degrees really yeah, and it'salways snowing now, which is
crazy, because I hate the snowyou hit the snow I like it when
it first snows right.
It looks real nice and whiteand then the next day looks
(00:43):
nasty oh, the black eye startsforming disgusting and then you
gotta shovel your your homeright and the business.
Speaker 2 (00:50):
Yeah I remember it's a lot of work.
I remember chris um gave us thelittle shovel, yeah that it
worked.
Speaker 1 (00:59):
It was like actually some kids around this
neighborhood it was actuallyshoveling and they came and
knocked our door and they showedfor ten dollars oh, that was
that was a big help yeah, youngkids, I mean every.
I like when I see kids liketrying to hustle and going out
there and you know, going out oftheir ways trying to make money
yeah, I saw a lemonade standone time around here right, uh,
around here.
Speaker 2 (01:20):
Yes, yeah, that was crazy.
I've never seen those.
I've never seen those untilrecently.
I don't think it happens in thecity, but more in the suburbs,
like once you go to Yonkers whenthere's a lot of houses and
stuff.
You'll see that, because in theBronx you'll never see a
lemonade stand like right now.
Speaker 1 (01:36):
So I want to talk about the real estate market.
You know, yeah, it's beeninteresting.
So you know, February, I feellike it picks up a lot.
Speaker 2 (01:43):
Yeah.
Speaker 1 (01:43):
Right, and one of the reasons, I think, is because
parents want to get a homebefore school starts in
September, right, because theygot to find a place, because it
happened to me too when Ipurchased my single family I was
actually looking for a placebefore school started because I
had to sign on my son to school,right.
So we've been picking up a lot.
I mean it's been very busy forus with these buyers and sellers
(02:04):
.
Speaker 2 (02:04):
You've been getting a lot of calls.
Speaker 1 (02:06):
I've been getting a lot of calls of clients that
want to work with us, that wantto buy or sell.
One thing I've been noticing isthat a lot of clients are
listing their homes too.
Basically, I have noticed thatright now it's been going up
business in the sense of buyersand sellers.
There's been a newadministration that came in
right A sellers.
There have been a newadministration that came in
(02:27):
right A new president.
I think everyone was expectingfor the race to drop drastically
.
I haven't, unfortunately, and Ithink people are just starting
to accept the reality that ratesare at high, six, low, sevens,
right, depending on your creditscore.
Guys, what's?
Speaker 2 (02:39):
considered a good credit score, by the way.
Speaker 1 (02:42):
My understanding is after 730.
730?
$740, if I'm not mistaken.
I'll ask Heidi about it.
My understanding is that that'show it is to mortgage broker.
Speaker 2 (02:51):
Have you ever seen someone with a perfect credit
score in $50?
Speaker 1 (02:54):
I sold.
The highest I've seen is $837.
$837?
That's the highest I've seen.
Gotcha, yeah, the person is old.
$837 is the highest I've seen.
So I've been noticing that alot of people are listing their
homes right, this is actually agood time to list their homes
because, honestly, for sellers,there's a lot of buyers looking
to buy right now and I've beennoticing a lot of buyers are
(03:15):
picking up to get pre-approvedand it's starting to set reality
that rates are high.
Rates are high six low, sevensright, and people are just
buying At.
Rates are high six low, sevensright, and people are just
buying at the.
At the end of the day, it's ifyou need a home, you're gonna
buy, regardless what rates it istoday and, like I always say,
rates go down.
Just refinance, right.
But of course, guys, I'm witheveryone with the podcast,
myself too, right, I would loveto buy a house with the lowest
(03:38):
rate as possible.
I'm with everyone.
But the reality is that, andrew, right, we got no control of
what the banks and the feds dealwith the rates.
But the reality is that, angel,right, we got no control what
the banks and the feds deal withthe rates.
But the reality is that youneed to buy a home.
Guys go buy a home.
I did notice that that rightnow it's picking up and I've
been noticing also, angel,there's been bidding wars now on
these properties.
Speaker 2 (03:55):
Again it's picking up and buyers are going bidding
wars again yeah, like you said,a lot, of, a lot of buyers are
coming into the market.
Like we've done a couple openhouses, and you see a lot of new
first-time homebuyers coming inthere like right off the bat,
like so many new ones.
We've had previous open houses,but now lately you've been
seeing a lot of first-timehomebuyers into the market once
(04:16):
again.
Yeah, and that's just beenanother trend that we've seen.
Speaker 1 (04:26):
Like people are just getting adjusted to those rates
and they're coming into themarket knowing that it is what
it is.
I love to help buyers, but Ispecifically love working with
first time buyers because I wasthere and I know their emotions.
I know how excited they areSomething you cannot believe
that you're purchasing aproperty and it's such a great
feeling.
And whenever I see those buyers, it just reminds me of when I
bought my first property.
And it kind of humbles me andreminds me like you had that
same emotion, you was in thesame position and you know God
(04:49):
bless us.
But the reality is that it'sexciting to see these buyers
when they're buying and theiremotions.
Of course, when you work withthe investors or second,
third-time buyers, theiremotions aren't so excited Like
the first one is they want toinvite their friends, their
family.
Excited like the first one.
Like the first one is they wantto invite their friends, their
family.
They're like so excited becauseit's something like like.
For me it was like I couldn'tbelieve when I bought my first
(05:09):
one.
It was something like I couldn'teven believe it.
When it happened I was likefirst god, thank you.
But that excitement is like.
Every time I see thatexcitement, it's like I will
never forget that excitementbecause I was just like that no,
I get you.
Speaker 2 (05:20):
I mean, and it gets you excited, right, and you're
like, you're so passionate aboutreal estate so, like, when they
come to you and they share likethat enthusiasm, like you're,
you're eager to tell them aboutyour knowledge and all of that,
you're like, don't worry, I gotyou one thing about us like,
especially me.
Speaker 1 (05:37):
I'm so passionate.
Like angela said, I wouldliterally give all them so much
tips, so much insights and whatare they going to expect for the
first time buying?
I try to give them so muchinformation.
I think I give them too muchinformation.
Speaker 2 (05:47):
Yeah, we got to chill out.
Speaker 1 (05:48):
sometimes I give them too much information because I
want these buyers to really knowevery detail about it.
Because what happens to a lotof buyers that they purchase
with other realtors?
They don't really give them allthe right information or give
them so much information, andwhen a client's in it, they're
like well, I didn't expect this,I didn't expect that and I try
my best to give them as muchinformation as possible.
Because, you know, when I firstbought my property, I did have
(06:12):
the experience because before Ibought my property I had sold a
few homes.
I knew what I was expecting.
But most of these buyers is,you know, first time buying
especially.
They don't know what to expect.
They don't.
Speaker 2 (06:29):
It's like you really don't understand until you
experience it okay, you gottathrow yourself in there, like
you always say you gotta throw.
Speaker 1 (06:35):
It's like when you're a first-time buyer.
Like, for instance, a lot offirst-time buyers do this.
They go call friends, familyand then calling a friend,
family, that's all is also not afirst-time buyer.
And they come and tell him allthese negative things but he
doesn't know what's experienced.
I'm being a homeowner right,everyone is a homeowner.
I've never heard a homeownersay this is the worst decision I
made, right, every homeowner Ispeak to like my god, that's how
(06:58):
much my property is worth now.
My god, so much value, so muchbenefit, so much you know profit
in this property.
Right, you're like, wow it'slike I should have done this a
long time.
Every buyer we is.
The only thing I regret is onething I wish I would have bought
a house before yeah that's allyou hear.
So buying a home guy is sobeneficial, especially now that
(07:18):
we're in tax season.
All these buyers are gonna uh,homeowners are gonna take
advantage of this tax season.
Speaker 2 (07:23):
You know you put them on your taxes yeah, we've had
some buyers I mean some sellersas well that have waited until
the tax season is over for theiryou know, for their house to be
sold, so they can just like goon to the next, uh, the next um
year without having to pay thecapital gains tax on like
selling it on december and stuff.
Speaker 1 (07:42):
That's something big for a lot of sellers, the
capital game, but it all dependson your position yeah, let's go
ahead, angel, you got anythingfor?
Speaker 2 (07:48):
us.
Yeah, I mean, I've heard in thenews that trump trump's been in
the news for a lot of things,but specifically in relating to
New York congestion tax.
Speaker 1 (07:58):
Now that we mentioned Trump, do you want to know
something crazy?
What Yesterday Trump made amove being a president?
Let me ask you a question howmuch stuff had Trump done within
30 days being in the WhiteHouse?
Speaker 2 (08:10):
A lot of stuff.
Him and Elon Musk.
Those two have been in the news.
He's the vice president.
Speaker 1 (08:18):
I mean, I'm a huge tesla fan, so yeah but you know
I'm a huge fan of elon muskbecause unbelievable, you know
he's the richest, number onerichest man on this earth, and
he just continues working yeahhe continued growing, he
continued coming up with greatideas.
He continued hustling and Ilove to see the hustle, because
there's not a lot of people.
I feel like everyone justcomplains and looks at the bad
(08:41):
of everything, but they don'treally put the work in that they
need to put.
Speaker 2 (08:44):
Yeah, right, look at all the companies that he's
starting right Unbelievable.
Like so many differentcompanies, it doesn't stop.
It doesn't stop.
It's always trying to innovateand stuff.
You got to respect people likethat.
Yeah, there's things that youmight hate and you might love,
but you always got to respectpeople who are not wanting to
give up.
They just want to keep doingmore and more and more stuff.
You know it's just like itnever ends yeah, yes, yeah.
Speaker 1 (09:07):
What is trump trying to do now?
Speaker 2 (09:08):
for I think, in regards to the congestion tax,
trump is trying to basicallylift the congestion tolls, yes,
but Governor Kathy Hochul andthe MTA are basically saying
we're not going to get rid of it, so now they're getting into it
.
Speaker 1 (09:27):
Well, before anything , I'm a New Yorker and I think
every New Yorker out there wantto get rid of that congestion
price.
One thing I did notice I usedto go good thing is I live
pretty close to the city.
I used to go to Manhattan and Iwent recently, about a week ago
, and I'll tell you somethingyou don't see almost anyone
there Like the amount of carsyou used to see, the amount of
people you would see.
(09:47):
Of course you see peoplewalking a lot right, that's the
norm because everybody's intrains but the amount of cars,
I'll tell you, you really don'tsee so much cars.
Speaker 2 (09:54):
So it's working.
Speaker 1 (09:56):
It's actually working in a sense for their interest
right to control it, but it'sprobably hurting a lot of
business.
Small business, and I thinkit's going to hurt the real
estate down there soon, becausethat $9 is it's a lot.
That does the congestion priceinside the city, which no one
has ever done, and so New Yorkis doing it.
Speaker 2 (10:14):
Is it in the whole US ?
Speaker 1 (10:16):
The whole US.
Speaker 2 (10:17):
Yeah.
Speaker 1 (10:17):
That's the reason Trump is so against.
And of course, trump is fromNew York, he's from New York
City, he has business over here,right.
So, I'm pretty sure it'sprobably affecting the business
too and he's so against it, andI think a lot of New Yorkers are
against it.
Speaker 2 (10:29):
I know, you said you saw a survey that said how many
people Six out of ten peopleactually agree with congestion
tax Now whoever agrees on thecongestion price please comment
here, because it's probably thepeople living in New York, like
in those apartment buildings andstuff that don't drive.
That's a good point.
Yeah, because everyone who hasa car will be against it right,
(10:49):
going into commuting there.
Speaker 1 (10:54):
But people who are living in the city, who really
don't have a need for a carbecause public transportation,
they're probably the onesthey're probably excited because
they're living there and ifthey gotta take a cab to take a
cabin, they will get to placesfaster inside the city, because
I actually used to be an uberdriver before I became a real
estate agent and that wasprobably 10 years ago.
In reality reality when you wasin the city to go from east to
west, you're going to take 45minutes and rush out 45 minutes
(11:18):
to an hour.
So just go on that street from14th Street from the east to
west 45 minutes to an hour, nowprobably 15 minutes.
Speaker 2 (11:25):
No, but no shade to you and anyone else who was a
cab driver.
You guys drive insane Like youdon't care for it.
Speaker 1 (11:34):
So we were Uber, so I'm with you with the yellow cab
.
Speaker 2 (11:36):
Yeah, the yellow cab Sorry.
Speaker 1 (11:38):
I actually was an Uber driver.
I had a ride, probably threeincidents.
I was actually in a red lightand I had the yellow cab come
literally crashed my door and Iwas parked Like those yellow
cabs yeah, the yellow cabs.
Speaker 2 (11:58):
Every time I'm I'm in the city and I see one, I try
to avoid them because theyreally don't, they don't, they
go from from left right.
Speaker 1 (12:05):
And one if they see someone's have their hand out
from left to right, they don'teven signal, they just go
straight across.
Speaker 2 (12:12):
It's like really yeah , they're just a hazard.
We didn't happen yes yep.
And in other news for new york,and specifically the bronze,
the yankees did you hear?
Speaker 1 (12:22):
and they can finally have beards after 49 years of
george steiner's definitelypissed off from having because
he was so against that the beers.
I'm actually excited becauseI'm a huge beer thing, right, I
always got my beer.
I love my beer.
Speaker 2 (12:36):
I think our whole team has beards.
Speaker 1 (12:38):
So now, unfortunately , everyone does have beers, but
one thing is that that beerthat's going to be something
interesting.
Let's see.
They're probably going to have,I think, and I believe that the
players I'm probably going tosee who can let it grow the
longest, because this is acelebration.
It's actually 49 years they hadthis on policy with the Yankees
(12:58):
.
Speaker 2 (12:58):
I never even knew that I don't really I'm not into
baseball.
That much.
Speaker 1 (13:01):
I'm a huge Yankee.
Speaker 2 (13:02):
Yeah, I know you and Chris are.
I'm not the biggest, I don'tknow about Chris, but I am.
Speaker 1 (13:07):
But, man, I'll tell you something that's going to be
big.
You know why?
Because you know a lot ofplayers don't sign up with the
Yankees because of the beer.
Really, now, this is going tobe.
This is huge now.
Speaker 2 (13:16):
Do you have anything about the hair?
Speaker 1 (13:18):
They only mentioned about the beer, but also the
hair cannot be so.
One thing about the policy ofthe Yankees was like you
couldn't have long hair.
There's an amount of inches of.
It's kind of like the army.
Speaker 2 (13:28):
Yeah, at.
Speaker 1 (13:29):
At one point they basically were at the arm, so
the good thing is that nowthey're going to let the beers
grow in, but I'm pretty sure I'mnot sure about the hair,
because usually another thing isthe hair.
You cannot have it such a longlength.
You got to be always like Forthem.
It's like you got to be alwaysprofessional at Yankee Stadium.
Speaker 2 (13:43):
Got you, but they're not professional.
The people at Yankee Stadiumare the worst the fans are.
Speaker 1 (13:50):
I'm a fan.
They're nuts, I mean.
They throw beers everywhere.
They're so vicious.
New York right, I'm from theBronx too, so you know.
You said you went to a Metsgame.
Speaker 2 (13:59):
It was a lot more peaceful.
Speaker 1 (14:01):
I went to a Mets playoff game.
It was so chill and laid back.
Yankees is not like that.
I went to a playoff probablytwo, three years ago of Yankee
Stadium.
I mean, when I got home I wassoaked in beer.
Speaker 2 (14:12):
Like everyone was just throwing the beer.
Speaker 1 (14:14):
I'm like dude, just drink your beer.
Speaker 2 (14:16):
Like why are you guys throwing beers at everyone here
?
Your?
Speaker 1 (14:20):
brand new shirt and everything.
I had a brand new shirt, mysneakers, everything I walked in
.
My wife was like oh my God,alex, you stink.
I was like what happened?
She was like you smell like somuch beer.
Like just go straight to thehour and I had to.
It was bad.
I mean, they soaked us and beer, me and chris were your eyes
burning?
I mean, I was closing my eyesbecause it's like you see, you
just see a bunch of cups andbeers flying all across.
Speaker 2 (14:39):
It's just crazy but you know, like the after soak,
like since you're so likethere's still some water coming
on, even when you're likeputting it was cold that day too
.
Speaker 1 (14:48):
It's in the playoff, so yeah I'll tell you something.
I think we finished watchingthe game.
We actually won the game, but Imean it was just too much.
Did you leave early?
No, we waited till the last out, but it was just too much beer
every day.
I mean I feel bad for thosepeople that need to clean the
stadium because they really workhard.
Oh yeah, because these New Yorkthese.
(15:09):
But I mean, I don't throw mybeer at all, I want to enjoy it.
They throw everything.
They throw popcorn, hot dogs,they throw everything they have
in their hand.
Speaker 2 (15:18):
Damn.
When you're able to afford oneof these tickets.
I think the food doesn't reallymatter to you, because you
already spent a lot of money.
Speaker 1 (15:26):
Actually, I can't wait for this game the Yankees
versus Mets.
I think it's May 16th, May 15th.
I saw You're going to that game.
I think I am.
Yeah, Juan Soto, I gotta go booJuan Soto.
Speaker 2 (15:36):
man he did us wrong.
Man he used us.
Speaker 1 (15:38):
He used us man.
Speaker 2 (15:39):
Oh man.
Speaker 1 (15:40):
I hope his team loses this year.
Speaker 2 (15:42):
But wasn't he the whole reason why the Yankees
were even still in like a littlebit well against the Dodgers?
He definitely did.
Speaker 1 (15:53):
I feel like in that series of the Dodgers and
Yankees which I don't want totalk about, I think everyone did
so bad throughout the wholeseries.
Speaker 2 (16:00):
We got a lot of comments in that video.
Yeah, I hate Dodgers.
I hate Boston.
Speaker 1 (16:06):
Especially Red Sox.
But Dodgers, man, they hadlucky games, man.
Speaker 2 (16:14):
All these fans out there.
Now they got even better.
They sent that young kid fromJapan like a prodigy.
I'll tell you something.
Speaker 1 (16:21):
The Dodgers are becoming like Golden State man.
They're just picking upeverybody right now.
Everybody wants to play intheir team just to get a ring.
I'm praying to God.
I prefer the Mets to eliminatethem, right, but let's see what
happens.
It's going to be an interestingyear.
I think it's going to be aninteresting year.
We're going to the World Seriesagain, though.
Speaker 2 (16:39):
There you go.
Speaker 1 (16:40):
We've got to get that run again with the Dodgers.
Speaker 2 (16:42):
You heard it here first.
Speaker 1 (16:43):
Yeah, yankees versus Dodgers again.
Speaker 2 (16:47):
Oh man.
Now another thing that weotthaven is becoming the next
williamsburg.
What do you think about that?
Speaker 1 (16:56):
I've been saying it.
So when I started real estate,that's when my hand was like,
little by little, like the saleswere like picking up lots for
selling really high.
Now my haven is gorgeous.
Speaker 2 (17:05):
It does remind me of williamsburg, to be honest to
you, and certain parts they'restill like yeah, as you're
closer to the water, I would sayit looks a lot like
Williamsburg, but the reality isthis I think my haven.
Speaker 1 (17:20):
They also got luxury condos, luxury rentals there.
And it's beautiful, thosebuildings, that you can't even
see Manhattan anymore, becausethere's all these buildings on
the way.
Speaker 2 (17:27):
There's also hotels popping up.
Speaker 1 (17:29):
Really.
Speaker 2 (17:29):
Yeah, like the one that really started off in the
hub where I live is the operahotel by my block.
Speaker 1 (17:38):
That was the first, are you consider my Haven, where
you're at?
Speaker 2 (17:40):
I'm right on the borderline of my Haven.
Speaker 1 (17:43):
Okay, yeah.
Speaker 2 (17:44):
I'm right in, right in the last block of my Haven it
feels good because I'm fromMaros, right Right near Yankee
stadium.
Speaker 1 (17:51):
So seeing that my Haven is growing and everyone is
expanding, so much Like rightnow, I sold two family houses in
my haven for almost a milliondollars.
Speaker 2 (18:00):
Yeah.
Speaker 1 (18:00):
Unbelievable Two family at a million dollars.
I sold another three family at1.4.
It's unbelievable in my havenright now.
And the development sites.
I mean they're selling reallyhigh the square footage right
now, development sites.
Speaker 2 (18:14):
Right.
Speaker 1 (18:14):
I think my haven is definitely going to be be the
next on williamsburg.
Speaker 2 (18:17):
To be honest, I'm with it oh yeah, 100, especially
in bruckner by bruckner, allthose stores that are like
really fancy.
Now they're doing nicerestaurants, yeah they're doing
nice ice cream shops.
I saw um, I saw some tea spotsthere a choco bar yes like the
puerto rican place, whateverthat thing is yeah, they're
making a lot of restaurants Isaw.
Definitely it's exciting a lotof investment and it's crazy
(18:39):
because you never thought of itback in the day.
But now it just lookscompletely different, that south
part, like completely differentgotcha yeah, let's go my haven,
let's go the bronx.
Speaker 1 (18:49):
That's where I'm from .
Speaker 2 (18:50):
So, yeah, there's gonna look a lot of bronx yeah,
people, there's just not enoughspace in Manhattan, so people
have to branch out, you know.
Speaker 1 (18:58):
Yeah, manhattan is just too much.
Speaker 2 (19:00):
Yeah, so now Bronx is looking a little bit better.
Speaker 1 (19:04):
I think that's the next borough Because you know
Queens and Brooklyn is already,you know, top notch.
But now I think Bronx is nextand I think everyone is starting
to buy into Bronx.
Bronx because it's basicallythe prices of homes are just
increasing tremendously rightnow.
Speaker 2 (19:16):
Yeah, I think you were looking at condos in the
Bronx when you were first.
Speaker 1 (19:20):
My first property I bought was a condo in the Bronx.
Speaker 2 (19:22):
Yeah, but weren't you looking at something else as
well?
I went to one in my haven of aluxury condominium.
Yeah.
Speaker 1 (19:28):
I mean it was a little too high.
When I went to see it was aboutfive years ago.
Yeah, went to see it was aboutfive years ago.
Yeah, they did a building.
Uh, I think it was like about40 units and the condos they
were selling for 800 000 on 138in my haven.
How many bedrooms?
It was honestly two bedroomstwo bedrooms for 800 and
amenities.
Didn't really have much, to behonest, just a doorman receiving
(19:49):
your packages.
Oh, that's it.
Wow, no gym.
No, no gym.
Speaker 2 (19:54):
Wow.
Speaker 1 (19:55):
No.
Speaker 2 (19:57):
And then, in contrast , we have something similar here
the Ridge Hill.
Ridge Hill has like everything.
Speaker 1 (20:02):
Ridge Hill.
I mean, I love Ridge Hill,yonkers.
Those condominiums arebeautiful.
We actually put a buyer rightnow in contract.
He's excited that thatcondominium complex has gym, it
has pool on sauna, it has acourt.
It has it all, yeah, parkingindoor doorman you can name it
(20:23):
any amenity you you have in mindto have it and you're right
next to all the shopping.
Speaker 2 (20:27):
Right there, whole foods is right there too.
The gym is.
If you don't want to go to thegym there, you got la fitness
right there.
Speaker 1 (20:35):
It's just crazy it's a condominium that literally has
it all yeah, and and the and.
Speaker 2 (20:40):
The price isn't too bad either compared to like
something in the bronze inmanhattan.
You're not gonna get all ofthat for that price no, never,
yeah, not at all not, not even.
Yeah, it's running to thehighway too.
Another thing we should talkabout is um, there was a
representative, uh, randyfenstra, from iowa.
He basically introduced a billcalled the death tax repeal act,
(21:01):
uh, which aims to abolish theus estate tax.
What does that mean?
That means that they'rebasically trying to get rid of,
like when a family member diesand passes away and their
children are trying to sell theproperty and stuff.
Essentially, from what I'mpicking up here is that they're
trying to sell the property andstuff.
Essentially from what I'mpicking up here is that they're
trying to essentially eliminatethe tax that you would pay for
(21:22):
the capital gains based on thatcriteria.
Like a family member dies,you're trying to sell the home
because maybe you don't livethere, whatever, and you want to
take care of it, then, um, youdon't have to pay the tax on
that, or they're trying toreduce it from someone.
Speaker 1 (21:37):
On the taxes.
Speaker 2 (21:38):
Correct.
Speaker 1 (21:38):
Okay, I mean, no one is a fan of paying capital gain,
right?
So I think it would be, nice,for you know, they're already
going through something so tough, you know having a family
member die, you know, and thencoming to pay taxes on capital
gain.
It must be tough, to be honest.
So it's.
It'll be nice for them to to todefinitely work something out
(22:00):
with that.
Speaker 2 (22:00):
Yeah, no, absolutely, because capital gains is
depending on the price point.
It's a lot of money that you'rehappening.
Speaker 1 (22:09):
Everyone that sells their house.
Definitely speak to youraccountant about your capital
gain right.
Speaker 2 (22:13):
Yeah.
Speaker 1 (22:14):
I always tell my clients like cause?
They always come to me oh, howmuch am I going to pay in
capital?
I know my position.
I'm not an accountant.
I recommend you to all thosesellers to speak to your
accountant before selling yourhouse.
Speaker 2 (22:24):
Correct.
Speaker 1 (22:24):
Speak to an accountant to see how much will
be your capital gain, becauseeveryone's situation is
different and only youraccountant will know your
situation.
They got different umdeductions.
They got all types of deduction.
If you're married um, thatmatters a lot.
So it's important for you tospeak to an accountant prior to
you selling your house.
You see how much capital gain,all right.
Unfortunately, we all have topay capital again when you sell
(22:44):
a house.
Speaker 2 (22:45):
So yeah, because it's important too, because if
you're trying to move intoanother place right like, let's
say, you're renting, you had afamily member pass away, that's
selling a house, and then youwant to purchase a home right
after selling that one, you haveto know how much you're netting
, because that's the price pointthat you're going to be looking
at.
Yeah, because if you sell itfor a million dollars, you're
not going to get a milliondollars.
(23:05):
You're going to get less thanthat, a lot less I'm with you on
it.
Yeah, for sure yeah, so it'simportant, and I think that
about wraps it up for today.
Nice so, guys.
Speaker 1 (23:15):
So, guys, I just want to tell you guys we're here for
all your real estate needs.
Any question that's out there,guys, don't be scared One thing
about us.
Any questions that come outfrom the public, we answer all
of them for free.
We also share our contacts andwe try our best to guide our
buyers and sellers the correctway and give you guys the best
guidance, the best tips, thebest thing that the real estate
can offer.
We're here for you guys.
(23:41):
We have a great source of teamand our team.
Also, if you guys need to getpre-approved, heidi's here as
well.
We're from Morrisbrook, whichis my wife, heidi.
She could definitely answer anyquestions if you're looking to
get pre-approved, and I justwant to let everyone know.
Thank you for watching us,thank you for tuning in and
please like subscribe and we'rehere, guys.
So, don't wait, by his podcast.
Thank you so much, guys.
Speaker 2 (24:00):
Bye guys.
hello everyone, welcome with pseudo, with bias
podcast and I'm here with angelabias and I'm alex bias and I'm
excited, angela, it's cold it isreally cold.
Speaker 2 (00:17):
Well crap.
Thankfully there's no wind,yeah, and that it would feel a
lot colder.
Speaker 1 (00:22):
Well, there is.
It's like I feel like this Ialways say new york is bipolar,
even the weather yeah right,because the weather goes up and
down.
I mean this week been extremelycold, I think it was like 18
degrees really yeah, and it'salways snowing now, which is
crazy, because I hate the snowyou hit the snow I like it when
it first snows right.
It looks real nice and whiteand then the next day looks
(00:43):
nasty oh, the black eye startsforming disgusting and then you
gotta shovel your your homeright and the business.
Speaker 2 (00:50):
Yeah I remember it's a lot of work.
I remember chris um gave us thelittle shovel, yeah that it
worked.
Speaker 1 (00:59):
It was like actually some kids around this
neighborhood it was actuallyshoveling and they came and
knocked our door and they showedfor ten dollars oh, that was
that was a big help yeah, youngkids, I mean every.
I like when I see kids liketrying to hustle and going out
there and you know, going out oftheir ways trying to make money
yeah, I saw a lemonade standone time around here right, uh,
around here.
Speaker 2 (01:20):
Yes, yeah, that was crazy.
I've never seen those.
I've never seen those untilrecently.
I don't think it happens in thecity, but more in the suburbs,
like once you go to Yonkers whenthere's a lot of houses and
stuff.
You'll see that, because in theBronx you'll never see a
lemonade stand like right now.
Speaker 1 (01:36):
So I want to talk about the real estate market.
You know, yeah, it's beeninteresting.
So you know, February, I feellike it picks up a lot.
Speaker 2 (01:43):
Yeah.
Speaker 1 (01:43):
Right, and one of the reasons, I think, is because
parents want to get a homebefore school starts in
September, right, because theygot to find a place, because it
happened to me too when Ipurchased my single family I was
actually looking for a placebefore school started because I
had to sign on my son to school,right.
So we've been picking up a lot.
I mean it's been very busy forus with these buyers and sellers
(02:04):
.
Speaker 2 (02:04):
You've been getting a lot of calls.
Speaker 1 (02:06):
I've been getting a lot of calls of clients that
want to work with us, that wantto buy or sell.
One thing I've been noticing isthat a lot of clients are
listing their homes too.
Basically, I have noticed thatright now it's been going up
business in the sense of buyersand sellers.
There's been a newadministration that came in
right A sellers.
There have been a newadministration that came in
(02:27):
right A new president.
I think everyone was expectingfor the race to drop drastically
.
I haven't, unfortunately, and Ithink people are just starting
to accept the reality that ratesare at high, six, low, sevens,
right, depending on your creditscore.
Guys, what's?
Speaker 2 (02:39):
considered a good credit score, by the way.
Speaker 1 (02:42):
My understanding is after 730.
730?
$740, if I'm not mistaken.
I'll ask Heidi about it.
My understanding is that that'show it is to mortgage broker.
Speaker 2 (02:51):
Have you ever seen someone with a perfect credit
score in $50?
Speaker 1 (02:54):
I sold.
The highest I've seen is $837.
$837?
That's the highest I've seen.
Gotcha, yeah, the person is old.
$837 is the highest I've seen.
So I've been noticing that alot of people are listing their
homes right, this is actually agood time to list their homes
because, honestly, for sellers,there's a lot of buyers looking
to buy right now and I've beennoticing a lot of buyers are
(03:15):
picking up to get pre-approvedand it's starting to set reality
that rates are high.
Rates are high six low, sevensright, and people are just
buying At.
Rates are high six low, sevensright, and people are just
buying at the.
At the end of the day, it's ifyou need a home, you're gonna
buy, regardless what rates it istoday and, like I always say,
rates go down.
Just refinance, right.
But of course, guys, I'm witheveryone with the podcast,
myself too, right, I would loveto buy a house with the lowest
(03:38):
rate as possible.
I'm with everyone.
But the reality is that, andrew, right, we got no control of
what the banks and the feds dealwith the rates.
But the reality is that, angel,right, we got no control what
the banks and the feds deal withthe rates.
But the reality is that youneed to buy a home.
Guys go buy a home.
I did notice that that rightnow it's picking up and I've
been noticing also, angel,there's been bidding wars now on
these properties.
Speaker 2 (03:55):
Again it's picking up and buyers are going bidding
wars again yeah, like you said,a lot, of, a lot of buyers are
coming into the market.
Like we've done a couple openhouses, and you see a lot of new
first-time homebuyers coming inthere like right off the bat,
like so many new ones.
We've had previous open houses,but now lately you've been
seeing a lot of first-timehomebuyers into the market once
(04:16):
again.
Yeah, and that's just beenanother trend that we've seen.
Speaker 1 (04:26):
Like people are just getting adjusted to those rates
and they're coming into themarket knowing that it is what
it is.
I love to help buyers, but Ispecifically love working with
first time buyers because I wasthere and I know their emotions.
I know how excited they areSomething you cannot believe
that you're purchasing aproperty and it's such a great
feeling.
And whenever I see those buyers, it just reminds me of when I
bought my first property.
And it kind of humbles me andreminds me like you had that
same emotion, you was in thesame position and you know God
(04:49):
bless us.
But the reality is that it'sexciting to see these buyers
when they're buying and theiremotions.
Of course, when you work withthe investors or second,
third-time buyers, theiremotions aren't so excited Like
the first one is they want toinvite their friends, their
family.
Excited like the first one.
Like the first one is they wantto invite their friends, their
family.
They're like so excited becauseit's something like like.
For me it was like I couldn'tbelieve when I bought my first
(05:09):
one.
It was something like I couldn'teven believe it.
When it happened I was likefirst god, thank you.
But that excitement is like.
Every time I see thatexcitement, it's like I will
never forget that excitementbecause I was just like that no,
I get you.
Speaker 2 (05:20):
I mean, and it gets you excited, right, and you're
like, you're so passionate aboutreal estate so, like, when they
come to you and they share likethat enthusiasm, like you're,
you're eager to tell them aboutyour knowledge and all of that,
you're like, don't worry, I gotyou one thing about us like,
especially me.
Speaker 1 (05:37):
I'm so passionate.
Like angela said, I wouldliterally give all them so much
tips, so much insights and whatare they going to expect for the
first time buying?
I try to give them so muchinformation.
I think I give them too muchinformation.
Speaker 2 (05:47):
Yeah, we got to chill out.
Speaker 1 (05:48):
sometimes I give them too much information because I
want these buyers to really knowevery detail about it.
Because what happens to a lotof buyers that they purchase
with other realtors?
They don't really give them allthe right information or give
them so much information, andwhen a client's in it, they're
like well, I didn't expect this,I didn't expect that and I try
my best to give them as muchinformation as possible.
Because, you know, when I firstbought my property, I did have
(06:12):
the experience because before Ibought my property I had sold a
few homes.
I knew what I was expecting.
But most of these buyers is,you know, first time buying
especially.
They don't know what to expect.
They don't.
Speaker 2 (06:29):
It's like you really don't understand until you
experience it okay, you gottathrow yourself in there, like
you always say you gotta throw.
Speaker 1 (06:35):
It's like when you're a first-time buyer.
Like, for instance, a lot offirst-time buyers do this.
They go call friends, familyand then calling a friend,
family, that's all is also not afirst-time buyer.
And they come and tell him allthese negative things but he
doesn't know what's experienced.
I'm being a homeowner right,everyone is a homeowner.
I've never heard a homeownersay this is the worst decision I
made, right, every homeowner Ispeak to like my god, that's how
(06:58):
much my property is worth now.
My god, so much value, so muchbenefit, so much you know profit
in this property.
Right, you're like, wow it'slike I should have done this a
long time.
Every buyer we is.
The only thing I regret is onething I wish I would have bought
a house before yeah that's allyou hear.
So buying a home guy is sobeneficial, especially now that
(07:18):
we're in tax season.
All these buyers are gonna uh,homeowners are gonna take
advantage of this tax season.
Speaker 2 (07:23):
You know you put them on your taxes yeah, we've had
some buyers I mean some sellersas well that have waited until
the tax season is over for theiryou know, for their house to be
sold, so they can just like goon to the next, uh, the next um
year without having to pay thecapital gains tax on like
selling it on december and stuff.
Speaker 1 (07:42):
That's something big for a lot of sellers, the
capital game, but it all dependson your position yeah, let's go
ahead, angel, you got anythingfor?
Speaker 2 (07:48):
us.
Yeah, I mean, I've heard in thenews that trump trump's been in
the news for a lot of things,but specifically in relating to
New York congestion tax.
Speaker 1 (07:58):
Now that we mentioned Trump, do you want to know
something crazy?
What Yesterday Trump made amove being a president?
Let me ask you a question howmuch stuff had Trump done within
30 days being in the WhiteHouse?
Speaker 2 (08:10):
A lot of stuff.
Him and Elon Musk.
Those two have been in the news.
He's the vice president.
Speaker 1 (08:18):
I mean, I'm a huge tesla fan, so yeah but you know
I'm a huge fan of elon muskbecause unbelievable, you know
he's the richest, number onerichest man on this earth, and
he just continues working yeahhe continued growing, he
continued coming up with greatideas.
He continued hustling and Ilove to see the hustle, because
there's not a lot of people.
I feel like everyone justcomplains and looks at the bad
(08:41):
of everything, but they don'treally put the work in that they
need to put.
Speaker 2 (08:44):
Yeah, right, look at all the companies that he's
starting right Unbelievable.
Like so many differentcompanies, it doesn't stop.
It doesn't stop.
It's always trying to innovateand stuff.
You got to respect people likethat.
Yeah, there's things that youmight hate and you might love,
but you always got to respectpeople who are not wanting to
give up.
They just want to keep doingmore and more and more stuff.
You know it's just like itnever ends yeah, yes, yeah.
Speaker 1 (09:07):
What is trump trying to do now?
Speaker 2 (09:08):
for I think, in regards to the congestion tax,
trump is trying to basicallylift the congestion tolls, yes,
but Governor Kathy Hochul andthe MTA are basically saying
we're not going to get rid of it, so now they're getting into it
.
Speaker 1 (09:27):
Well, before anything , I'm a New Yorker and I think
every New Yorker out there wantto get rid of that congestion
price.
One thing I did notice I usedto go good thing is I live
pretty close to the city.
I used to go to Manhattan and Iwent recently, about a week ago
, and I'll tell you somethingyou don't see almost anyone
there Like the amount of carsyou used to see, the amount of
people you would see.
(09:47):
Of course you see peoplewalking a lot right, that's the
norm because everybody's intrains but the amount of cars,
I'll tell you, you really don'tsee so much cars.
Speaker 2 (09:54):
So it's working.
Speaker 1 (09:56):
It's actually working in a sense for their interest
right to control it, but it'sprobably hurting a lot of
business.
Small business, and I thinkit's going to hurt the real
estate down there soon, becausethat $9 is it's a lot.
That does the congestion priceinside the city, which no one
has ever done, and so New Yorkis doing it.
Speaker 2 (10:14):
Is it in the whole US ?
Speaker 1 (10:16):
The whole US.
Speaker 2 (10:17):
Yeah.
Speaker 1 (10:17):
That's the reason Trump is so against.
And of course, trump is fromNew York, he's from New York
City, he has business over here,right.
So, I'm pretty sure it'sprobably affecting the business
too and he's so against it, andI think a lot of New Yorkers are
against it.
Speaker 2 (10:29):
I know, you said you saw a survey that said how many
people Six out of ten peopleactually agree with congestion
tax Now whoever agrees on thecongestion price please comment
here, because it's probably thepeople living in New York, like
in those apartment buildings andstuff that don't drive.
That's a good point.
Yeah, because everyone who hasa car will be against it right,
(10:49):
going into commuting there.
Speaker 1 (10:54):
But people who are living in the city, who really
don't have a need for a carbecause public transportation,
they're probably the onesthey're probably excited because
they're living there and ifthey gotta take a cab to take a
cabin, they will get to placesfaster inside the city, because
I actually used to be an uberdriver before I became a real
estate agent and that wasprobably 10 years ago.
In reality reality when you wasin the city to go from east to
west, you're going to take 45minutes and rush out 45 minutes
(11:18):
to an hour.
So just go on that street from14th Street from the east to
west 45 minutes to an hour, nowprobably 15 minutes.
Speaker 2 (11:25):
No, but no shade to you and anyone else who was a
cab driver.
You guys drive insane Like youdon't care for it.
Speaker 1 (11:34):
So we were Uber, so I'm with you with the yellow cab
.
Speaker 2 (11:36):
Yeah, the yellow cab Sorry.
Speaker 1 (11:38):
I actually was an Uber driver.
I had a ride, probably threeincidents.
I was actually in a red lightand I had the yellow cab come
literally crashed my door and Iwas parked Like those yellow
cabs yeah, the yellow cabs.
Speaker 2 (11:58):
Every time I'm I'm in the city and I see one, I try
to avoid them because theyreally don't, they don't, they
go from from left right.
Speaker 1 (12:05):
And one if they see someone's have their hand out
from left to right, they don'teven signal, they just go
straight across.
Speaker 2 (12:12):
It's like really yeah , they're just a hazard.
We didn't happen yes yep.
And in other news for new york,and specifically the bronze,
the yankees did you hear?
Speaker 1 (12:22):
and they can finally have beards after 49 years of
george steiner's definitelypissed off from having because
he was so against that the beers.
I'm actually excited becauseI'm a huge beer thing, right, I
always got my beer.
I love my beer.
Speaker 2 (12:36):
I think our whole team has beards.
Speaker 1 (12:38):
So now, unfortunately , everyone does have beers, but
one thing is that that beerthat's going to be something
interesting.
Let's see.
They're probably going to have,I think, and I believe that the
players I'm probably going tosee who can let it grow the
longest, because this is acelebration.
It's actually 49 years they hadthis on policy with the Yankees
(12:58):
.
Speaker 2 (12:58):
I never even knew that I don't really I'm not into
baseball.
That much.
Speaker 1 (13:01):
I'm a huge Yankee.
Speaker 2 (13:02):
Yeah, I know you and Chris are.
I'm not the biggest, I don'tknow about Chris, but I am.
Speaker 1 (13:07):
But, man, I'll tell you something that's going to be
big.
You know why?
Because you know a lot ofplayers don't sign up with the
Yankees because of the beer.
Really, now, this is going tobe.
This is huge now.
Speaker 2 (13:16):
Do you have anything about the hair?
Speaker 1 (13:18):
They only mentioned about the beer, but also the
hair cannot be so.
One thing about the policy ofthe Yankees was like you
couldn't have long hair.
There's an amount of inches of.
It's kind of like the army.
Speaker 2 (13:28):
Yeah, at.
Speaker 1 (13:29):
At one point they basically were at the arm, so
the good thing is that nowthey're going to let the beers
grow in, but I'm pretty sure I'mnot sure about the hair,
because usually another thing isthe hair.
You cannot have it such a longlength.
You got to be always like Forthem.
It's like you got to be alwaysprofessional at Yankee Stadium.
Speaker 2 (13:43):
Got you, but they're not professional.
The people at Yankee Stadiumare the worst the fans are.
Speaker 1 (13:50):
I'm a fan.
They're nuts, I mean.
They throw beers everywhere.
They're so vicious.
New York right, I'm from theBronx too, so you know.
You said you went to a Metsgame.
Speaker 2 (13:59):
It was a lot more peaceful.
Speaker 1 (14:01):
I went to a Mets playoff game.
It was so chill and laid back.
Yankees is not like that.
I went to a playoff probablytwo, three years ago of Yankee
Stadium.
I mean, when I got home I wassoaked in beer.
Speaker 2 (14:12):
Like everyone was just throwing the beer.
Speaker 1 (14:14):
I'm like dude, just drink your beer.
Speaker 2 (14:16):
Like why are you guys throwing beers at everyone here
?
Your?
Speaker 1 (14:20):
brand new shirt and everything.
I had a brand new shirt, mysneakers, everything I walked in
.
My wife was like oh my God,alex, you stink.
I was like what happened?
She was like you smell like somuch beer.
Like just go straight to thehour and I had to.
It was bad.
I mean, they soaked us and beer, me and chris were your eyes
burning?
I mean, I was closing my eyesbecause it's like you see, you
just see a bunch of cups andbeers flying all across.
Speaker 2 (14:39):
It's just crazy but you know, like the after soak,
like since you're so likethere's still some water coming
on, even when you're likeputting it was cold that day too
.
Speaker 1 (14:48):
It's in the playoff, so yeah I'll tell you something.
I think we finished watchingthe game.
We actually won the game, but Imean it was just too much.
Did you leave early?
No, we waited till the last out, but it was just too much beer
every day.
I mean I feel bad for thosepeople that need to clean the
stadium because they really workhard.
Oh yeah, because these New Yorkthese.
(15:09):
But I mean, I don't throw mybeer at all, I want to enjoy it.
They throw everything.
They throw popcorn, hot dogs,they throw everything they have
in their hand.
Speaker 2 (15:18):
Damn.
When you're able to afford oneof these tickets.
I think the food doesn't reallymatter to you, because you
already spent a lot of money.
Speaker 1 (15:26):
Actually, I can't wait for this game the Yankees
versus Mets.
I think it's May 16th, May 15th.
I saw You're going to that game.
I think I am.
Yeah, Juan Soto, I gotta go booJuan Soto.
Speaker 2 (15:36):
man he did us wrong.
Man he used us.
Speaker 1 (15:38):
He used us man.
Speaker 2 (15:39):
Oh man.
Speaker 1 (15:40):
I hope his team loses this year.
Speaker 2 (15:42):
But wasn't he the whole reason why the Yankees
were even still in like a littlebit well against the Dodgers?
He definitely did.
Speaker 1 (15:53):
I feel like in that series of the Dodgers and
Yankees which I don't want totalk about, I think everyone did
so bad throughout the wholeseries.
Speaker 2 (16:00):
We got a lot of comments in that video.
Yeah, I hate Dodgers.
I hate Boston.
Speaker 1 (16:06):
Especially Red Sox.
But Dodgers, man, they hadlucky games, man.
Speaker 2 (16:14):
All these fans out there.
Now they got even better.
They sent that young kid fromJapan like a prodigy.
I'll tell you something.
Speaker 1 (16:21):
The Dodgers are becoming like Golden State man.
They're just picking upeverybody right now.
Everybody wants to play intheir team just to get a ring.
I'm praying to God.
I prefer the Mets to eliminatethem, right, but let's see what
happens.
It's going to be an interestingyear.
I think it's going to be aninteresting year.
We're going to the World Seriesagain, though.
Speaker 2 (16:39):
There you go.
Speaker 1 (16:40):
We've got to get that run again with the Dodgers.
Speaker 2 (16:42):
You heard it here first.
Speaker 1 (16:43):
Yeah, yankees versus Dodgers again.
Speaker 2 (16:47):
Oh man.
Now another thing that weotthaven is becoming the next
williamsburg.
What do you think about that?
Speaker 1 (16:56):
I've been saying it.
So when I started real estate,that's when my hand was like,
little by little, like the saleswere like picking up lots for
selling really high.
Now my haven is gorgeous.
Speaker 2 (17:05):
It does remind me of williamsburg, to be honest to
you, and certain parts they'restill like yeah, as you're
closer to the water, I would sayit looks a lot like
Williamsburg, but the reality isthis I think my haven.
Speaker 1 (17:20):
They also got luxury condos, luxury rentals there.
And it's beautiful, thosebuildings, that you can't even
see Manhattan anymore, becausethere's all these buildings on
the way.
Speaker 2 (17:27):
There's also hotels popping up.
Speaker 1 (17:29):
Really.
Speaker 2 (17:29):
Yeah, like the one that really started off in the
hub where I live is the operahotel by my block.
Speaker 1 (17:38):
That was the first, are you consider my Haven, where
you're at?
Speaker 2 (17:40):
I'm right on the borderline of my Haven.
Speaker 1 (17:43):
Okay, yeah.
Speaker 2 (17:44):
I'm right in, right in the last block of my Haven it
feels good because I'm fromMaros, right Right near Yankee
stadium.
Speaker 1 (17:51):
So seeing that my Haven is growing and everyone is
expanding, so much Like rightnow, I sold two family houses in
my haven for almost a milliondollars.
Speaker 2 (18:00):
Yeah.
Speaker 1 (18:00):
Unbelievable Two family at a million dollars.
I sold another three family at1.4.
It's unbelievable in my havenright now.
And the development sites.
I mean they're selling reallyhigh the square footage right
now, development sites.
Speaker 2 (18:14):
Right.
Speaker 1 (18:14):
I think my haven is definitely going to be be the
next on williamsburg.
Speaker 2 (18:17):
To be honest, I'm with it oh yeah, 100, especially
in bruckner by bruckner, allthose stores that are like
really fancy.
Now they're doing nicerestaurants, yeah they're doing
nice ice cream shops.
I saw um, I saw some tea spotsthere a choco bar yes like the
puerto rican place, whateverthat thing is yeah, they're
making a lot of restaurants Isaw.
Definitely it's exciting a lotof investment and it's crazy
(18:39):
because you never thought of itback in the day.
But now it just lookscompletely different, that south
part, like completely differentgotcha yeah, let's go my haven,
let's go the bronx.
Speaker 1 (18:49):
That's where I'm from .
Speaker 2 (18:50):
So, yeah, there's gonna look a lot of bronx yeah,
people, there's just not enoughspace in Manhattan, so people
have to branch out, you know.
Speaker 1 (18:58):
Yeah, manhattan is just too much.
Speaker 2 (19:00):
Yeah, so now Bronx is looking a little bit better.
Speaker 1 (19:04):
I think that's the next borough Because you know
Queens and Brooklyn is already,you know, top notch.
But now I think Bronx is nextand I think everyone is starting
to buy into Bronx.
Bronx because it's basicallythe prices of homes are just
increasing tremendously rightnow.
Speaker 2 (19:16):
Yeah, I think you were looking at condos in the
Bronx when you were first.
Speaker 1 (19:20):
My first property I bought was a condo in the Bronx.
Speaker 2 (19:22):
Yeah, but weren't you looking at something else as
well?
I went to one in my haven of aluxury condominium.
Yeah.
Speaker 1 (19:28):
I mean it was a little too high.
When I went to see it was aboutfive years ago.
Yeah, went to see it was aboutfive years ago.
Yeah, they did a building.
Uh, I think it was like about40 units and the condos they
were selling for 800 000 on 138in my haven.
How many bedrooms?
It was honestly two bedroomstwo bedrooms for 800 and
amenities.
Didn't really have much, to behonest, just a doorman receiving
(19:49):
your packages.
Oh, that's it.
Wow, no gym.
No, no gym.
Speaker 2 (19:54):
Wow.
Speaker 1 (19:55):
No.
Speaker 2 (19:57):
And then, in contrast , we have something similar here
the Ridge Hill.
Ridge Hill has like everything.
Speaker 1 (20:02):
Ridge Hill.
I mean, I love Ridge Hill,yonkers.
Those condominiums arebeautiful.
We actually put a buyer rightnow in contract.
He's excited that thatcondominium complex has gym, it
has pool on sauna, it has acourt.
It has it all, yeah, parkingindoor doorman you can name it
(20:23):
any amenity you you have in mindto have it and you're right
next to all the shopping.
Speaker 2 (20:27):
Right there, whole foods is right there too.
The gym is.
If you don't want to go to thegym there, you got la fitness
right there.
Speaker 1 (20:35):
It's just crazy it's a condominium that literally has
it all yeah, and and the and.
Speaker 2 (20:40):
The price isn't too bad either compared to like
something in the bronze inmanhattan.
You're not gonna get all ofthat for that price no, never,
yeah, not at all not, not even.
Yeah, it's running to thehighway too.
Another thing we should talkabout is um, there was a
representative, uh, randyfenstra, from iowa.
He basically introduced a billcalled the death tax repeal act,
(21:01):
uh, which aims to abolish theus estate tax.
What does that mean?
That means that they'rebasically trying to get rid of,
like when a family member diesand passes away and their
children are trying to sell theproperty and stuff.
Essentially, from what I'mpicking up here is that they're
trying to sell the property andstuff.
Essentially from what I'mpicking up here is that they're
trying to essentially eliminatethe tax that you would pay for
(21:22):
the capital gains based on thatcriteria.
Like a family member dies,you're trying to sell the home
because maybe you don't livethere, whatever, and you want to
take care of it, then, um, youdon't have to pay the tax on
that, or they're trying toreduce it from someone.
Speaker 1 (21:37):
On the taxes.
Speaker 2 (21:38):
Correct.
Speaker 1 (21:38):
Okay, I mean, no one is a fan of paying capital gain,
right?
So I think it would be, nice,for you know, they're already
going through something so tough, you know having a family
member die, you know, and thencoming to pay taxes on capital
gain.
It must be tough, to be honest.
So it's.
It'll be nice for them to to todefinitely work something out
(22:00):
with that.
Speaker 2 (22:00):
Yeah, no, absolutely, because capital gains is
depending on the price point.
It's a lot of money that you'rehappening.
Speaker 1 (22:09):
Everyone that sells their house.
Definitely speak to youraccountant about your capital
gain right.
Speaker 2 (22:13):
Yeah.
Speaker 1 (22:14):
I always tell my clients like cause?
They always come to me oh, howmuch am I going to pay in
capital?
I know my position.
I'm not an accountant.
I recommend you to all thosesellers to speak to your
accountant before selling yourhouse.
Speaker 2 (22:24):
Correct.
Speaker 1 (22:24):
Speak to an accountant to see how much will
be your capital gain, becauseeveryone's situation is
different and only youraccountant will know your
situation.
They got different umdeductions.
They got all types of deduction.
If you're married um, thatmatters a lot.
So it's important for you tospeak to an accountant prior to
you selling your house.
You see how much capital gain,all right.
Unfortunately, we all have topay capital again when you sell
(22:44):
a house.
Speaker 2 (22:45):
So yeah, because it's important too, because if
you're trying to move intoanother place right like, let's
say, you're renting, you had afamily member pass away, that's
selling a house, and then youwant to purchase a home right
after selling that one, you haveto know how much you're netting
, because that's the price pointthat you're going to be looking
at.
Yeah, because if you sell itfor a million dollars, you're
not going to get a milliondollars.
(23:05):
You're going to get less thanthat, a lot less I'm with you on
it.
Yeah, for sure yeah, so it'simportant, and I think that
about wraps it up for today.
Nice so, guys.
Speaker 1 (23:15):
So, guys, I just want to tell you guys we're here for
all your real estate needs.
Any question that's out there,guys, don't be scared One thing
about us.
Any questions that come outfrom the public, we answer all
of them for free.
We also share our contacts andwe try our best to guide our
buyers and sellers the correctway and give you guys the best
guidance, the best tips, thebest thing that the real estate
can offer.
We're here for you guys.
(23:41):
We have a great source of teamand our team.
Also, if you guys need to getpre-approved, heidi's here as
well.
We're from Morrisbrook, whichis my wife, heidi.
She could definitely answer anyquestions if you're looking to
get pre-approved, and I justwant to let everyone know.
Thank you for watching us,thank you for tuning in and
please like subscribe and we'rehere, guys.
So, don't wait, by his podcast.
Thank you so much, guys.
Speaker 2 (24:00):
Bye guys.
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
True Crime Tonight
If you eat, sleep, and breathe true crime, TRUE CRIME TONIGHT is serving up your nightly fix. Five nights a week, KT STUDIOS & iHEART RADIO invite listeners to pull up a seat for an unfiltered look at the biggest cases making headlines, celebrity scandals, and the trials everyone is watching. With a mix of expert analysis, hot takes, and listener call-ins, TRUE CRIME TONIGHT goes beyond the headlines to uncover the twists, turns, and unanswered questions that keep us all obsessed—because, at TRUE CRIME TONIGHT, there’s a seat for everyone. Whether breaking down crime scene forensics, scrutinizing serial killers, or debating the most binge-worthy true crime docs, True Crime Tonight is the fresh, fast-paced, and slightly addictive home for true crime lovers.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com