May 19, 2025 • 42 mins
In episode twelve of The Rent-ish Pod, Zach and Patrick kick things off with a fresh Real News segment, breaking down ABC’s latest housing market forecast: Will 2025 Be a Better Year to Buy a House? The guys weigh in on the expert predictions and what they mean for buyers, renters, and landlords alike.
👉 Check out the article here
Then, things get cosmic in Proptology, where the hosts explore the rich history and striking design of the Griffith Observatory—a Los Angeles landmark that’s just as famous for its films as it is for its views of the stars.
Finally, in Real Estate Reel, Zach and Patrick dissect the real estate realities behind Seinfeld. What would Jerry's Upper West Side apartment rent for today? Could Kramer actually get away with all that? The breakdown is hilarious—and it ends with a shocking revelation: Patrick has barely watched Seinfeld.
đź’« From market trends to movie landmarks and sitcom absurdities, this episode blends fun, facts, and real estate insight with every segment.
🎧 Tune in now for laughs, learning, and one very questionable TV take.
📩 Got a question or a wild real estate story? Email us at questions@therentishpod.com—we’d love to hear from you!
Check Innago at https://innago.com/podcast/ to learn more.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_00 (00:00):
What's going on, everybody?
Welcome to The Rentish Podcast.
My name is Zach and I'm herewith my co-host, Patrick.
What up?
We are your hosts for thispodcast that is called The
Rentish Podcast.
It's about rental properties andhosted by two guys that work in
the real estate industry and wekind of know what we're talking
(00:21):
about.
But mostly don't.
Almost screwed that up.
Yeah, it was so close.
So close.
Yeah, Patrick, mostly we don't,which is why you're going to
have fun hearing us talk toexperts and learning with us or
laughing along at how little weknow.
This week's episode is going tobe a banger.
I can already tell.
We got good energy.
We may or may not have just doneanother show right before this,
(00:43):
but we also had good energy.
So I'm ready to rock and roll.
How about you, buddy?
I'm ready.
I'm ready.
I'm liking the energy as well.
Yeah.
Yeah.
Well, I asked you aboutsomething before, but now I'm
trying to think of likesomething to ask you just fun
and casually.
How's your day going?
You're doing a ballroom dancingclass.
Yeah, I am doing a ballroomdancing class.
Got my girlfriend that forChristmas.
Oh, it's a Christmas gift.
Yeah.
It's a cute idea.
(01:04):
And so, yeah, we're going to dothat at six.
I like cannot dance in my life.
Dependent.
I know like negative.
Negative dancing.
I can't do it.
So I wanted to learn a littlebit.
So you've never done it?
Can you line dance?
Have you ever done a Cupidshuffle or anything like that?
Absolutely not, no.
Can you do the Cupid shuffle?
I don't even know what that is.
(01:24):
What?
I was not.
To the right, to the right, tothe right.
Oh, that?
It's the wedding song.
It's called the Cuban shuffle?
You do the Cupid shuffle.
Isn't that the song?
Yeah, that's the song.
No, wait, what's the one thatgoes...
Now kick, now kick, now walk itby.
What's the one, jump up onetime.
Oh, that's...
What's that one?
Right foot, let's...
Yeah, right, yeah.
(01:45):
Oh, do the Harlem Shake.
Cha-cha real smooth.
Cha-cha slide.
Cha-cha slide.
Yeah, yeah, yeah.
What's the Harlem Shake?
Harlem Shuffle.
The Harlem Shake.
The Harlem Shake was like adance trend that existed for
like a week.
Oh, is that the...
Oh, I know what you're talkingabout.
Yeah, yeah, yeah.
That was a dance.
No, no, no.
Well, I hope you do good.
(02:07):
I'm excited to hear a reportback.
Don't hurt yourself or anything.
We need you on tip-top shape forthe show.
No getting injured in a ballroomdancing accident.
Pull a hamstring or something.
Some might say it's going to bea ballroom blitz.
Oh.
Bazinga.
All right.
Patrick, are you ready to getinto it?
Yeah.
I've been ready.
Okay.
(02:27):
Well, we're going to talk aboutthe news.
I know everybody loves the news.
Real news, I think, is what wecalled the segment before.
Real news.
Real news.
Oh, before I get too deep intoit, follow The Rentish.
Follow our podcast feed.
Email questions attherentishpod.com if you have
any sort of question or topicsuggestion.
And while you're listening tothe show, if you like our vibe,
if you like what we're puttingout there, we want you to just
(02:48):
throw it right on back to us.
Go ahead and give us a five-starreview or rate us.
Give us a comment.
Just say how much you like theshow.
Share it with your friends whoalso are into property
management, real estate,property management.
I can tell you're really engagedjust checking your phone the
whole time.
Smash that subscribe button.
Thanks, Pat.
All right.
Will 2025 be a better year tobuy a house?
(03:11):
That is the thesis of this newsarticle that we're about to read
into here.
Okay, so got to keep tradition,Pat.
Did you read the article?
No, but I feel like I know theanswer, but I did not.
I forgot to read the article.
Well, I'm going to go ahead andjust kind of give you a brief
overview here, and then we'regoing to talk about it.
Have a real talk, realconversation.
So get those gears turning.
The U.S.
housing market has been a rollercoaster over the past few years
(03:34):
with rising interest rates, lowinventory, and soaring prices.
Many prospective buyers havefound themselves waiting for a
better opportunity.
As we head into 2025, the bigquestion remains, will next year
finally offer a more favorableenvironment for home buyers?
And I would like to read you aquote.
It's an ABC article.
It's linked there.
You can go check it out if youwant to.
(03:54):
I don't know if we're includingthese links in the comments or
anything like that.
But we have this article here.
I want to read you this quotethat they cited here.
And I think that this is just abeautiful quote.
This comes from Ken Johnson,chief of real estate at the
University of Mississippi.
Quote, I don't see much sunshinein the forecast.
It's going to be gloomy andovercast, but it's not going to
be stormy.
(04:14):
I love the commitment to themetaphor.
Thanks.
Thanks, Ken Johnson for the.
Yeah.
So what's been the biggestbarrier for you or people, you
know, in buying a home?
Affordability, interest rates,competition, all this stuff.
So, so Patrick.
Yeah.
Hit me up.
All the above.
So my mom.
(04:34):
That's kind of my answer.
Yeah.
It's not really one specificthing.
It seems like my mom was buyinga house.
She bought one.
Last year, like less than a yearago.
And for her, like the interestrate wasn't actually an issue
because she sold her house, youknow, in another city and was
kind of like living in anapartment and waiting to buy the
(04:55):
house like in cash, you know, inher price range.
And just the competition, theprices as a result of like the
not really being a buyer'smarket right now, like those two
things specifically made it sohard for her to find a house.
It took took forever.
And as soon as one popped on themarket, she had to and act like
basically within hours.
It's just kind of like a crazymarket right now.
And that's just somebody whodidn't even need to get like a
(05:17):
mortgage.
Yeah.
Yeah.
I totally agree.
I think that it's a combinationof all three and all three at
different times.
And you know, it's kind of, it'sjust like pick your poison,
which one's going to kind of belike hitting the worst at that
particular moment.
It's like, yeah, I've had, I'velooked at a lot of houses in the
past, but like kind of just lostout because other people just
jump in there and it'scompetitive and they throw out
all these crazy numbers foroffers and you're just left
(05:40):
feeling defeated at the end ofthe process.
It's It's like, well, why eventry?
Offers like what, like 65 grandmore than the listing price and
stuff.
Totally.
Yeah, it's crazy.
But yeah, so according to thearticle, I'm going to break down
a couple of the different thingsthat they talk about.
You feel free to jump in if youhave anything that you want.
I'm going to chime in withPatrick here.
As somebody who didn't read thearticle.
(06:00):
As someone that didn't read thearticle.
But you're going to listen to meread the article and you can
generate thoughts in your brain.
Mortgage rates andaffordability.
So rate trends.
Mortgage rates climbed past 7%.
I mean, the saying expertspredict rates could stabilize or
slightly decrease doesn't, I'mnot convinced.
(06:31):
But whatever the experts say, Imean.
Yes, that's why they're theexperts.
Affordability gap.
Despite potential rate drops,home prices remain high.
Buyers are still spending anaverage of 35% of their monthly
income on mortgage payments,well above the historical norm
of 25.
Yeah, that sounds about right.
Yeah.
That's a big percentage.
Yeah, it's too high in myopinion.
(06:52):
A historical norm of 25% feelslike, I mean, like, you know,
prices increase, but like that'scrazy.
That's a crazy increase.
10% increase.
10% increase for somethingthat's so substantial.
That's part of your, you know,35% of your monthly income.
It's crazy.
A typical$400,000 home with a 7%interest rate results in a$2,660
(07:13):
monthly payment Down fromearlier this year, but still far
higher than in pre-pandemicyears.
Yeah, I mean, I think a lot ofpeople are probably going to
want to go to like kind of howthings were pre-pandemic and how
they, you know, I just, I don'tknow.
I don't, maybe a slight decreaseif the experts say so, but I
don't really see us in 2025.
Experts can say whatever theywant.
I want to go back.
(07:34):
Yeah.
I want to go back to thepre-pandemic.
The MCU was still good.
We had all our hopes and dreamsof the Batman trilogy coming
out.
I could go on.
Housing inventory andconstruction.
Limited supply.
A persistent lack of homes forsale continues to drive prices
up.
Builders are ramping upconstruction, but delays in
permits and labor shortages meansupply will likely remain tight
(07:56):
through early 2025.
So basic supply.
There's more demand than supply.
We learned about that ineconomics.
Right.
Remember high school economics?
Yeah.
Supply and demand.
Right.
I think I learned that in likethird grade history.
Third grade?
Yeah, supply and demand.
I didn't take a high schooleconomics class, but I remember
like supply and demand and, youknow, learning that from an
early age.
I don't remember learning thatthat early.
(08:17):
It was like fourth grade.
What?
Okay, so limited supply.
We got that.
Yeah, and things like BlackRock,just buying properties and
renting them out.
I don't know if that's somethingwe're allowed to complain about
on this podcast.
We can complain about anythingwe want.
It's the editor.
They gotta take it out if theywant to.
Those ginormous corporationsbuying single-family homes.
(08:40):
Totally.
Yeah, it just grinds my gears.
Grinds my gears too, buddy.
Market impact.
New home listings are projectedto increase by only 3% next
year, keeping competition high,especially in suburban and
desirable metropolitan areas.
I guess I don't understand whatthe typical, so like obviously
everything is projected toincrease.
The market always increases andnever decreases really.
(09:02):
So it's like new home listingsare projected to increase only
by 3%.
So does that mean that typicallyit's only by like one or two?
Yeah, I was about to say, Iwanna know what the acceleration
is.
Yeah, right.
Since 2019, since the pandemic,since COVID in 2020, you would
have to imagine that whateverthat number was, it drastically
increased, like probably by like10, 15% or something like that.
(09:25):
And now it's stabilizing to likeonly 3%.
But I want to know what it waslike before.
That would be interesting.
Okay.
Last little bit here.
First time home buyerchallenges.
So there's down payment hurdles.
Saving for a down paymentremains one of the biggest
barriers for new buyers.
The average down payment forfirst time buyers is now over
$30,000.
That's a lot.
Yeah.
A lot of money.
(09:45):
A lot of money.
But as we've maybe discussed inpast episodes, you might not
need to do the typical downpayment amount.
There might be certaincircumstances, maybe that
experts named Moussey have toldus about, where you're able to
qualify for a lower down paymentand kind of get all that out
there.
All the way down to 3%, I think.
3%, I think, was one of thestats that we read.
Not necessarily that that'sgoing to be your situation or my
situation.
(10:05):
Yeah, it's not going to apply toeverybody.
But yeah.
Yeah, totally.
Because there are incentiveprograms.
Some states are introducing newincentives and assistant
programs for first-time buyersbut demand often outpaces
availability.
Some examples.
Federal programs.
FHA loans continue to offer downpayments as low as 3.5%, and VA
loans provide zero down paymentoptions for veterans.
UNKNOWN (10:29):
So...
SPEAKER_00 (10:29):
Cool there.
Programs like California's Dreamfor All Shared Appreciation Loan
offer down payment assistance.
What a sentence.
That's a mouthful.
They offer down paymentassistance that can cover up to
20% of the home's cost withrepayment tied to the home's
appreciation.
That's cool.
Yeah.
Cool.
Cool program.
Shout out to California.
(10:51):
Local incentives.
New York's first home club.
First home club.
I want to be part of that club.
Yeah, me too.
Provides matching funds forevery dollar saved up to$7,500.
Wow.
Yeah.
Texas also offers grants and lowinterest loans through my first
Texas home.
So I'm assuming...
(11:13):
Context clues.
There may be a My First OhioHome program.
I'm going to look into that.
Yeah, because we're here in Ohiofor all the people that don't
know.
And then lastly, we got taxcredits.
Some states are introducingfirst-time buyer tax credits to
help offset closing costs.
Maryland's Smart Buy 3.0program, for example, allows
buyers to purchase homes and payoff student loan debt
(11:35):
simultaneously.
So you can kind of two birds,one stone kind of situation.
SPEAKER_01 (11:39):
Hmm.
SPEAKER_00 (11:41):
All that sound cool?
Yeah.
Yeah.
That's cool.
All incentive programs.
Yeah.
Again, check out what you'reeligible for, right?
If you're in the market for anew home, you want to consult
with a professional, but alsolike look at all these different
options that are available toyou.
Don't just go in blindly.
If rates drop, do you think itwill be enough to make buying a
home more achievable for you?
Yeah.
I mean, my goal has always beento buy a home when I'm in my 20s
(12:06):
is my goal.
And I'm 25, so I'm halfwaythere.
And obviously I wasn't reallygoing to buy a home up to this
point.
But in a few years, I would, youknow, after I kind of get my
like city, city livingexperience, out of my system.
I'm hoping to buy a home beforeI'm 30.
Obviously, if things continue toget worse, we'll see how
(12:26):
feasible that is.
So I'm really hoping for thebest.
I'm hoping these experts are...
Please, experts.
Please.
Yeah, I'm in the same boat.
Although I'm way behind on yourgoal.
I'm already almost going to be31 years old and I'm still
renting.
It's in my near future, I'mhoping.
We'll see.
But yeah, if these experts areright experts please be right
(12:49):
we'll uh we'll be seeing thatnew i'll be i'll be joining the
my first ohio home program veryvery soon so yeah 2025 holds
potential for a slightlyimproved housing market but many
hurdles remain keep an eye onrates inventory and local trends
and that can help make buyersmore informed and make better
decisions and prepare for theright moment to enter the market
and that's the news patrick ijust realized this might not get
(13:11):
released Until like way later in2025, because we're recording
this in March.
Yeah, we put some things in achamber, but still the rest of
2025 is is an open book ready tobe answered, ready to be read.
So, OK, well, that's it for thenews.
Let's kick it back over toourselves, I guess.
OK, Patrick.
(13:37):
Prop-tology time.
It's that time of the week againwhere we're going to talk about
a famous historical or veryinteresting building for, you
know, whatever reasons we want,really.
What reasons might those be?
I don't know.
The reasons because producing wesay over here put it on the
script.
So that's what we're going totalk about.
We're going to talk about thisbuilding here.
It's also just my favoritesegment name.
(13:57):
I mean, we nailed it on thatone.
We're messing it up with therest of them.
So we're doing the GriffithObservatory today.
That's right, everybody.
Does the name Send a chill downyour spine.
All right.
So, Patrick, do you want to– I'mgoing to have you describe it to
me.
We're going to do the Patrickaesthetic design layout and all
(14:18):
that stuff.
I want you to give me your mostdetailed poetic description of
this building that you possiblycan.
The Griffith Observatory, whoa,is one of LA's greatest cultural
attractions and a nationalleader in public astronomy.
Patrick.
Yeah.
What's that building look liketo you?
Describe it to our readers who–listeners who might not know
what we're talking about well imean i don't really know how to
(14:39):
describe this super well butit's got like the building is
like white and it's kind of longand it's got like orange balls
on it like well like domes likedomes uh what do you mean
building like i'm doing a greatjob so it's a white building
that's kind of long and it's gotorange domes on it.
(15:02):
Like it's got two domes on thesides and then like one big dome
in the middle.
So it's kind of like the middle,like the very middle of like, I
guess like a menorah kind of.
That's a decent description.
That's a decent comp.
Like the three middle candles ofthe Anoraks.
Instead of being candles,they're like orange domes.
I got you.
Typically, observatories, theygot the big rounded top with the
(15:25):
space for the telescope to go onit.
You know what I mean?
So, I don't know.
That's an observatory.
I don't know how I was supposedto explain that any better.
I think you did a great job.
We'll retool it.
It's up on a hill?
It's up on a hill, yeah.
So, I think that's probably oneof the biggest features about
the observatory.
that sticks out for a lot offolks is that it's overlooking
the Hollywood of Los Angeles,right?
(15:47):
I mean, like, it's up on thehill looking over the city of
Los Angeles, City Angels, kindof a beacon up there on the
hill.
The smog.
Sure.
Sometimes you can see the actualcity when you get past the smog.
Yeah, so offers spectacularviews from the Pacific Ocean to
downtown LA from its perch onMount Hollywood in Griffith
Park.
(16:08):
Mount Hollywood...
Patrick, actually the name ofthe mountain with the Hollywood
letters.
Okay, yeah, that's like theleast surprising fun fact.
Yeah, it's like, come on.
He could have been a little bitmore clever there with Mount
Hollywood.
That's like me claiming amountain and calling it Mount
Zach.
Well, I mean, yeah.
I don't know.
(16:29):
It's the best vantage point forobserving the world-famous
Hollywood sign, which wasopened.
The observatory itself wasopened to the public on May 14th
in 1935.
The Griffith Observatorygrounds, exhibits, and
telescopes are open and free tothe public each day the building
is opened.
I have been.
I don't know if you knew thatuntil right now.
I don't know if I knew thatuntil right this very second.
(16:50):
Yeah, like 2019 or something.
I was in college.
We did like a Los Angeles likefield trip basically.
And yeah, we went to theGriffith Observatory.
Like the main thing I vividlyremember is like all the smog
and pollution over the city.
Oh wow, so that wasn't a jokethat you legitimately like.
No, like it's literally like mymain takeaway was that.
And I also remember there werethese like little telescopes
(17:10):
where you could like see thesmog.
And I thought those were kind oflike the telescopes it was known
for, but apparently like Ididn't go inside.
I was just kind of like in theoutskirts of the building.
Apparently there's like actualtelescopes, you know, I did not.
Oh, so you didn't get to, youdidn't get to look through any
telescopes.
No, we were just kind of like, Idon't know.
Yeah.
I don't know what was going on,but they, you know, they were
just like, look at the swag.
And then we left.
(17:32):
They're like, they're like, thetelescopes are currently out of
order.
They're down for maintenance.
Yeah.
It was like, there was like, youknow, like put a quarter in it.
I don't know if you had to put aquarter in it, but you know, the
kinds of like telescopes I'mtalking about.
Oh yeah.
The spyglass, like theeyeglasses, like the little
bifocal things or whatever.
Um, I actually don't.
There's a word for those.
There is a word for those.
Come, back to me.
I'll think of it later and comeback to me.
(17:53):
Yeah, it was cool.
Cool building.
Yeah, I've never been to LA, butthe Griffith Observatory is on
my list of places to visit for avariety of reasons, of which
we'll get to when we get to thefilm segment or section.
Some of the history, briefhistory about the Griffith
Observatory.
Great city needs a great park.
This was a quote from ColonelGriffith J.
Griffith.
That's his name?
Apparently that's his name.
(18:14):
Griffith J.
Griffith.
Griffith J.
Griffith.
Wow.
Blowsers.
He wanted a place where peoplecould rest and relax, so he
donated three Thank you.
Welsh-born lad who immigrated toAmerica in 1865.
(18:37):
There's that word again.
Welsh-born lad.
Lad.
Love that word.
By the 1870s, he had a newspaperreporter.
He was a newspaper reporter whobecame an expert in mining
operations in the West.
Thanks to insider information,he was able to invest in mines
and buy 4,071 acres of rancholand in Los Angeles.
Afterwards, he became wealthy...
through real estate and lendingand went on to be a
(18:58):
philanthropist.
So Patrick, you know, if you'relearning anything from the
Rentish pod here, if you getwealthy with real estate, you
may one day afford anobservatory.
Okay, that's good to know.
Big plus if you're intostargazing.
Fun fact, he was feted as acivic hero until less than 10
years later when theteetotaling, what is this word?
(19:19):
Teetotaling?
Teetotaling.
Someone's got a word of the daydictionary that's right in the
script.
He appeared just like Oh.
Okay.
Wait, so...
So he shot at her but didn't...
I don't have the answers for youhere.
But he was tried for attemptedmurder.
(19:40):
His defense was, quote,alcoholic insanity, end quote.
He wound up paying a fine andspending two years in San Juan.
Really?
Just two years?
Yeah, just two years.
Okay.
Times are different.
Yeah.
Times are different.
So yeah, major attractions.
You got the Zeiss telescopes.
More than 7 million people haveput an eye to the Griffith
Observatory's original 12-inchZeiss refracting telescope.
(20:02):
So there's a lot of people outin the world that have been able
to go and experience it, I wouldlike to be on that list of
people to go and do it.
Because we got some movie stuffhere.
And we would be remiss if wedidn't talk about movies,
television, entertainment that'swith the Griffith Observatory.
I'm going to list a couple bigones here.
Rebel Without a Cause, 1955.
I think that was my first timeseeing the Griffith Observatory.
(20:27):
Yeah, there's the infamous knifefight scene and the more obvious
planetarium scene, as well asthe film's iconic final shot of
the observatory so there's thatone I'm going to skip ahead
Transformers 2007 okay it's inthere I don't really remember I
don't remember it at all andthen in the original Terminator
1984 a scene was filmed on thesteps of the observatory yeah I
(20:49):
don't remember that one either Idon't think they really
highlighted the planetarium butyeah shot the steps though the
observatory what we are going tohighlight though La La Land baby
La La Land Damien Chazelle RyanGosling Emma Stone Yes.
J.K.
Simmons.
Oh, he is in that.
I was like, you got the wrongmovie.
(21:09):
No, no, no.
J.K.
Simmons.
He's in it.
Yeah, he is.
He's like the bar manager.
Yeah, right.
Very minor role.
But, I mean, let's be honest.
We're there for Ryan Gosling.
Yeah, yeah, yeah.
Yeah, old Gosling.
I love the guys.
And I love La La Land.
It's one of my favorites.
It's so good.
Favorite movies.
One of my favorite musicals.
Yeah, I just, I want to visitthe planetarium alone just to
(21:30):
visualize myself being twirledby him through the planetarium
because I think that sounds solovely.
So lovely.
Yeah, I don't know.
The Griffith Observatory, that'sbasically a bunch of the big fun
facts that we had left to hithere.
I mean, do we have any things toend on?
How much would it rent for?
I mean, that's one of ourquestions.
(21:51):
Like what?
Like you rent for a day or for amonth of rent?
Oh, God, I don't know.
Let's say you're going to sign a12-month lease at the Griffith
Observatory.
I don't even have the faintestidea.
How many acres is it?
Acres.
Let me– hold on a second.
Hold on a second.
There was some fun fact.
3,015?
3,015 acres.
Like for the whole– But thatmight be just– I don't know.
(22:14):
In L.A., dude?
Oh, geez.
Like for the year,$80 million?
$80 million a month?
Or for the year?
Yeah.
Yeah, isn't that what you asked?
I guess that divided by 12, I'mnot doing the math right now.
No, I can't do that math in myhead.
Yeah, that's too much.
But yeah, I would say something,I don't know, I don't really
have any basis for that though.
Yeah, I mean, renting a room inthe observatory would definitely
(22:36):
be like, I could see that beinglike, maybe like a million a
month, something like that.
So apparently there's an actuallike, there's actual facts about
this.
Really?
Instead of us just winging it.
Producer Moussey, he gave methis.
I will read This is according tothe internet, um, exterior
(22:57):
events starting at$15,000 for a12 hour period and, uh, interior
and exterior events at$20,000,uh, plus staffing fees ranging
from three to six K.
So yeah, for like, that's for a12 hour period.
So like, I mean, let's say a dayless than a day, uh, you're
looking at like up to$26,000.
So, okay.
(23:18):
Yeah.
That's good.
So$26,000.
That's, you know, Times 30 daysin a month.
Times 365.
Well, that would be, no, becausethat's 365 months.
Oh, yeah, you're right.
So you got to do, oh, shoot,what would you have to do?
Welcome to the MathCast.
(23:38):
26 times 12.
Sorry, 26,000 times 12.
No, shoot, times 30.
Dude, we are so bad.
This is fantastic radio.
So$780,000 for one month.
And then multiply that by 12.
So$9.3 million for a year torent the Griffith Observatory.
(23:59):
Okay, I was way off.
Roughly.
Don't quote us on that if you'retrying to rent out.
No.
Also, if you're trying to leasethe Griffith Observatory, I hate
to tell you.
Probably not going to happen,but you never know.
But if you're going to try andget it for a wedding, sounds
beautiful.
Sounds doable.
If you've got$12,000 layingaround.
How much?
$26,000?
Well, yeah, like$26,000-ish withthe fees and stuff.
(24:21):
All right.
Well, that was Propetology.
We didn't really talk aboutwho's going to host these
segments.
Yeah, I can do this one.
Yeah, you want to do this one?
Yeah.
This is called show planning foreverybody out there.
You do it live on the air.
It always turns out great.
Yeah, right.
This is what not to do in caseyou were wondering.
(24:43):
All right.
So what are we going to talkabout today?
What do we call this?
Well, let me open the documentand let's see.
Oh, we're talking about JerrySeinfeld's apartment outline.
All right, let's do this.
Introduction to the real estate.
(25:03):
Oh, I'm not supposed to readthat.
Whoops.
That's the, okay.
Cut that out, editor.
So today in this segment, wewill be dissecting iconic
properties from TV shows andmovies.
Oh, this is the real estatereal, like R-E-E-L.
Yeah, yeah, real estate, R-E-E-Lestate.
(25:24):
Yeah.
So basically we're talking aboutJerry Seinfeld's apartment, a
very iconic TV apartment, one ofthe most famous sitcom, like of
all the famous sitcomapartments, it's definitely in
the top three.
There's Lego sets for this.
So yeah, it's pretty iconic.
So gonna explore a few things.
Where is Jerry's apartmentactually located?
Upper West Side, right?
(25:46):
They say that in the show overand over again.
I've only seen sporadic episodeshere and there.
Are you kidding me?
I haven't like watched the showlike from start to finish.
Like I've seen...
I've seen, like, the Soup Naziepisode.
I've seen the one where Kramer,like, paints over the median on
the road.
Yeah.
These pretzels are making methirsty.
Yeah.
But I haven't, like, watched theshow.
(26:07):
Yeah, I probably shouldn't beleading the segment.
Okay, so we should probably saythis off the bat.
I think it's funnier that youare leading the segment, by the
way.
Seinfeld is the best televisionshow ever made.
That's okay.
Seinfeld is the best comedy evermade.
It's the best sitcom ever madeand the best television show.
And it will probably never bebeaten.
It's one of those things where,like, I've seen Seinfeld so many
(26:31):
times in my life.
I used to rewatch the DVDs overand over and over again, catch
it on TV when it was playing.
It is my comfort show for a lotof people.
I think people go back andrewatch The Office over and over
again, but Seinfeld is that forme.
Seinfeld is, it's funny eventhough I know the joke is
coming.
Yeah.
I can recite– if you put me in alocked room with a typewriter,
(26:54):
I'm pretty confident that Icould write every episode of
Seinfeld.
That is insane.
How many episodes are there?
Like 200?
There's nine seasons, and Ithink there's roughly 280
episodes or something like that,275.
I feel– because we're both kindof like TV movie buffs.
Yeah, I feel like I'm doing– I'mnot honoring what I should be
(27:19):
doing as a TV movie.
You understand the culturalimpact.
It clearly was a game changingsitcom in terms of what it did
for writing and the concepts ofthe different narrative threads.
It's something that a lot ofsitcoms were not doing and still
don't even do.
I need to watch it.
I can't imagine after finishingit that it'll be better than
(27:39):
Drake and Josh.
Get the hell out of here.
I just have a hard timeaccepting that that might be,
you know, so I'm not going to goin with too high expectations.
Gotcha.
Um, but yeah, upper west side ofyou're absolutely right.
Um, the real exterior shots areof 755 to 77 West end Avenue,
neither corner of 95th street.
(28:01):
So if you have an understandingof like Manhattan, I guess that
might make sense to you, uh,known for its historic
brownstones, culturalinstitutions, like the American
museum of natural history andits proximity to central park.
Historically, it's been an arelatively affordable area in
Manhattan, but you know,obviously prices have risen over
(28:21):
time.
Yeah.
That's the thing is that like,I'm trying to, I'm digging into
my, the recesses of my mind tothink like at any point in the,
in Seinfeld, the show, do theyreference how much they're
paying in rent?
And I can't remember for thelife of me.
I don't think that there's anydirect line where they say how
much they're paying.
You can take a lot of things incontext for the time where it's
like, you know, it is the mid,mid 90, early to mid nineties.
(28:45):
They're paying like a couplebucks for cab fare in the middle
of New York where it's like,that's now going to be like a$30
ride.
I, I can only imagine thecraziness of the cost at the
time.
I'm going to look that up.
I've got it for you, actually.
Oh, you got it?
Hit me.
Based on the show, Jerry'sapartment was likely rented for
$1,200 to$1,500.
$1,200 to$1,500 per month in theearly 90s.
(29:09):
Wow.
Which was considered a deal.
Yeah.
Yeah.
Yeah.
(29:42):
In a living room, in a balcony,it's so lavish.
That's what always gets me aboutSeinfeld is that it's so,
humble's not the right word, butit's all very small scale.
No one lives in a lavish, themost lavish character is
probably someone like Mr.
Peterman.
You got any more?
(30:02):
Hit me with a fun fact.
Yeah, so a similar apartment inthe Upper West Side today Take a
guess at that.
So like I said, 1,500, 2,500 wasaverage.
At the time, they were paying$1,200 to$1,500.
What do you think a typicalapartment now in that same area
would be?
So I may have already seen oneof the numbers, but it looked
(30:23):
like it might have been on thehigher end.
I'm going to guess like$6,000.
$6,000 to$7,000.
That's a little higher.
So it's$3,500 to$5,500.
It's kind of like a similarapartment in terms of its size
and whatnot.
Luxury buildings in the area mayactually exceed$7,000 per month.
You know?
That's surprisingly better thanI was anticipating.
(30:45):
I mean like...
New York is constantly, it'smemed to death how expensive it
is to live in New York.
I mean, isn't the rents too damnhigh?
Isn't that about New York City?
Yeah, right.
So we've been dealing with,we've been hearing like the, you
know, we're just small townMidwesterners over here, but
it's like we've been hearingabout the idea of New York being
(31:07):
this expensive metropolitan cityfor years, years and years.
I would have thought it wouldhave been way higher.
Yeah.
Even for a one bedroom.
I hear about studio apartmentsin Manhattan that cost like a
few thousand dollars.
Well, and Jerry had a Jerry hada pretty big apartment for the
time.
So he had a separate kitchen,which a lot of New York City
apartments have open kitchens.
He had a large living space thatcould comfortably fit guests.
(31:31):
Sure.
Producer note from Moussey, bythe way, did some research.
And apparently as of March 2025,the average rent for an
apartment in New York City isaround$3,935 a month.
Okay.
That's an interesting medianthere.
Could Jerry afford it?
Could Jerry afford theapartment?
I think that's an interestingplace to go from here because
people always talk about theseshows and we talked about it
(31:51):
when we did the Friendsapartment building where it's
like all these people are, theyhave all these kind of like
middle of the road jobs and yetthey're able to afford this
crazy place and now it wasdifferent for friends but
Seinfeld Jerry's a stand upcomedian he's not even a very
well known stand up comedian inthe Seinfeld lore like when he's
(32:13):
living in Manhattan and he'sdoing like his stand up he's
doing like dinky little comedyclubs he's not like he goes on
like a few talk shows and thenthere's that arc in season 4
where they pitch their idea fora TV they get a TV show pilot
with NBC but it's like he's notwealthy in the show isn't like
(32:34):
real life Jerry Seinfeld likethe wealthiest comedian in
history or something thatwouldn't the wealthiest comedian
in history yeah I think he'slike I mean I could like be
pulling that facts out of my assI don't know I don't know I mean
he would certainly be on the top10 list I mean Yeah, I thought
it was, you know.
Have you seen the amount of carshe drives?
The coffee.
(32:55):
I was like, do you see how manycars he drinks and coffees he
drives?
Keep that in.
And, yeah.
He's a billionaire.
Oh, Mousset says he's abillionaire.
Yeah, that would place himpretty high.
Probably pretty high.
I don't know who else would beon that list.
Well, here it's saying theestimated salary for Jerry
Seinfeld in the show would havebeen$50,000 to$75,000 per year
(33:16):
in the 90s.
They're saying adjusting forinflation.
That seems.
That seems high to me.
Even at the high end,$75,000working as a low-level comedian?
Yeah, I don't really buy that.
Did he have any odd jobs?
No, Jerry was only a comedian,because that was part of the bit
of the show, is that he wasnever doing anything during the
(33:37):
day, and then he would go out tocomedy clubs and fly to other
venues and do stand-up comedy.
But everyone else was doingtheir normal jobs.
George had all sorts of jobs.
And Elaine is like, you know,she in fashion for a time and
worked at a paper and stuff.
What did Kramer do?
We gotta talk about Kramer.
(34:00):
Kramer, it's always completelynebulous what his job is.
There are entire Wikipediatheories about what Kramer did.
A lot of people assume that hecame into money or was inherited
a lot of money because he neverworks.
He never has any job.
There's one episode where one ofmy favorite episodes of all time
(34:22):
is the episode about Festivuswhich is the fake holiday that
George Costanza's father inventsand one of the side plots of
that episode is that Kramerworked at H&H Bagels in like the
early it was like the late 70sor early 80s and then they went
on strike because they wouldn'tlet them they wouldn't let them
(34:43):
use the bathroom or somethinglike that and then like he
stayed on strike until the 90sand then went back to work at
his day job at H&H Bagels.
And he works there for one dayand then gets fired because he
drops gum in a piece of dough.
But that's like That was hisonly job.
No one knows what this man doesfor a living.
(35:04):
There are a lot of theoriesonline where people are like,
well, he must have justinherited money, came into
money, or I don't know, maybehe's just really good at
gambling.
Because he gambles a lot.
There's episodes of him at theracetracks and stuff, like
betting on horses.
Professional gambler.
Yeah, so professional.
So Jerry doesn't have to justdeal with him and his apartment.
He also has to deal with Kramerconstantly barging into his
(35:26):
place.
There's that episode whereKramer...
and Newman start learning how todo DIY sausages.
And they've got sausages hangingup all over Jerry's apartment.
What kind of lease issues wouldJerry likely face with Kramer
constantly being a part of hislife in his apartment?
Sounds like some breaches of hiscontract.
(35:46):
I don't know.
Yeah.
I don't know how in-depth a lotof landlords' lease agreements
get.
I don't know if nosausage-making clauses in most
lease agreements.
I can't imagine.
I'm guessing that was added forthe renewal.
Yeah.
I don't know.
Landlords out there, maybeconsider putting in something
about sausages in your lease.
What other crazy stuff?
You watch the show.
(36:07):
I do watch the show.
Kramer.
Oh, man.
I'm trying to think.
I don't remember Kramer reallydoing that much destruction of
property.
inside Jerry's house he smokescigars a lot so maybe like smell
factor probably have to pay fora deep clean producer Musse is
saying that Jerry can make someside money by renting out his
(36:28):
apartment as an Airbnb when hegoes on his trips to go do
stand-up, when he's traveling todifferent cities.
And then he's got these familyfrom Idaho that's coming to
visit the big city and then allof a sudden they got Kramer
busting in trying to makesausages.
That could be a problem.
That could be a sincere problem.
But that wouldn't as much be aproblem with your lease as it is
(36:49):
just like you'd probably getsome bad reviews on Airbnb if
you had Kramer.
But then the guests might likeKramer, so they might come in
and just hang out.
That might be part of theattraction.
They're like, we want to hangout with this crazy guy.
Well, let's talk about a coupleof fun facts.
The real building where hisapartment is located has become
a popular tourist stop for manyfans who take photos in front of
the building.
(37:09):
While there's no Seinfeld museumor attraction, a lot of tourists
flock to the Upper West Side tovisit iconic locations like the
diner and obviously thebuilding.
Because the exterior is a hugelyrecognizable part of the show.
Yeah.
Yeah, it's funny.
It's like the word SeinfeldMuseum.
If there was a Seinfeld Museum,when I retire, that might be the
(37:29):
job that I take up.
It's like I'll be the securityguard at the Seinfeld Museum
when I'm like 70.
So the apartment to me, it'slike they show the exterior
shots, but to me that's not asiconic as the diner.
So Monk's Diner in the show iswhere they go to all the time.
That building, you can actuallygo in and have a meal.
I forget what the name of thediner is.
(37:50):
Tom's Diner.
Thank you so much.
Yeah.
that was gonna drive me crazy.
Yeah, so you can actually gothere and sit down inside.
It's obviously different fromwhat it looks like in the show
on the inside, but the neon signon the outside, it looks exactly
the same.
To me, that's more interestingto go there.
The times I've been to New York,I've never been to that diner,
so I need to make a pilgrimage.
(38:11):
Yeah, couple other things.
So Jerry's apartment number, I'mgonna quiz you real quick.
Don't look at the sheet.
Do you know what his apartmentnumber is?
I saw it on the news doc, so Ican't.
Five A.
Yeah.
I scrolled that.
Five A does not exist in thebuilding.
It's a made up.
Oh, in the real building?
Yeah, in the real building.
That's interesting.
Because it's like a Hollywoodset, obviously.
Sure.
I don't know if it's Hollywood,but it's a TV set.
Now I'm curious for the rest ofthese trivia questions.
(38:31):
All right.
This is fun.
Yeah.
Well, actually, that was prettymuch the last one.
Oh.
Wrapping up, Jerry's apartment.
It's an iconic piece of Seinfeldlore.
Yep.
Also, just like Friends, anexample of TV fantasy real
estate.
Yeah.
Appealing to viewers, yet nearlyimpossible for pretty much
(38:53):
anyone to afford or replicate inreal life.
Yeah.
I think kind of like the moralof the story here.
Yeah, Seinfeld is– I mean it wascool to talk about the building
and kind of some hypotheticalsabout real estate in the
Seinfeld world.
I'm sure eventually we'll haveto come back to the show at some
point because there's so manymore iconic locations in
Seinfeld about the city of NewYork that I would love to cover
(39:13):
also.
we can just keep talking aboutthe Seinfeld on this podcast.
I mean, if this podcastnaturally transitions to a
Seinfeld podcast, I'm going tobe just totally fine with that.
Go ahead and email questions atthe rentish pod.com.
If you would like us to talkabout Seinfeld more often or
your favorite locate, email uswith your favorite location from
Seinfeld.
(39:33):
And then maybe on a futureepisode, we'll cover that as a,
uh, as a real, what is it?
Real estate, real list.
No real estate spelled R E Lreal estate, Real.
Yeah, that's what it is.
Real Estate Real.
Yeah.
Got it.
R-E-E-L.
Thanks, Patrick, for leadingthat segment.
Yeah, no problem.
You did a great job.
(39:53):
You did a great job.
Okay.
And that's our episode for thisweek, man.
Thank you all for listening tothis episode of the Rentish
podcast.
We are so glad that you camealong for the ride this week.
We got to talk about a lot offun buildings.
We got to talk about some coolstuff.
Got to hang out with ourproducers and our fans and
everything.
And it's been a lot of fun.
(40:14):
So remember, listen to thepodcast wherever you get your
podcasts and give us a littlerating or review.
Five stars if you can orwhatever the star equivalent is
on your podcast platform ofchoice.
Email questions at therentishAnd subscribe for more.
And we'll see you next time.
Bye, everyone.
What's going on, everybody?
Welcome to The Rentish Podcast.
My name is Zach and I'm herewith my co-host, Patrick.
What up?
We are your hosts for thispodcast that is called The
Rentish Podcast.
It's about rental properties andhosted by two guys that work in
the real estate industry and wekind of know what we're talking
(00:21):
about.
But mostly don't.
Almost screwed that up.
Yeah, it was so close.
So close.
Yeah, Patrick, mostly we don't,which is why you're going to
have fun hearing us talk toexperts and learning with us or
laughing along at how little weknow.
This week's episode is going tobe a banger.
I can already tell.
We got good energy.
We may or may not have just doneanother show right before this,
(00:43):
but we also had good energy.
So I'm ready to rock and roll.
How about you, buddy?
I'm ready.
I'm ready.
I'm liking the energy as well.
Yeah.
Yeah.
Well, I asked you aboutsomething before, but now I'm
trying to think of likesomething to ask you just fun
and casually.
How's your day going?
You're doing a ballroom dancingclass.
Yeah, I am doing a ballroomdancing class.
Got my girlfriend that forChristmas.
Oh, it's a Christmas gift.
Yeah.
It's a cute idea.
(01:04):
And so, yeah, we're going to dothat at six.
I like cannot dance in my life.
Dependent.
I know like negative.
Negative dancing.
I can't do it.
So I wanted to learn a littlebit.
So you've never done it?
Can you line dance?
Have you ever done a Cupidshuffle or anything like that?
Absolutely not, no.
Can you do the Cupid shuffle?
I don't even know what that is.
(01:24):
What?
I was not.
To the right, to the right, tothe right.
Oh, that?
It's the wedding song.
It's called the Cuban shuffle?
You do the Cupid shuffle.
Isn't that the song?
Yeah, that's the song.
No, wait, what's the one thatgoes...
Now kick, now kick, now walk itby.
What's the one, jump up onetime.
Oh, that's...
What's that one?
Right foot, let's...
Yeah, right, yeah.
(01:45):
Oh, do the Harlem Shake.
Cha-cha real smooth.
Cha-cha slide.
Cha-cha slide.
Yeah, yeah, yeah.
What's the Harlem Shake?
Harlem Shuffle.
The Harlem Shake.
The Harlem Shake was like adance trend that existed for
like a week.
Oh, is that the...
Oh, I know what you're talkingabout.
Yeah, yeah, yeah.
That was a dance.
No, no, no.
Well, I hope you do good.
(02:07):
I'm excited to hear a reportback.
Don't hurt yourself or anything.
We need you on tip-top shape forthe show.
No getting injured in a ballroomdancing accident.
Pull a hamstring or something.
Some might say it's going to bea ballroom blitz.
Oh.
Bazinga.
All right.
Patrick, are you ready to getinto it?
Yeah.
I've been ready.
Okay.
(02:27):
Well, we're going to talk aboutthe news.
I know everybody loves the news.
Real news, I think, is what wecalled the segment before.
Real news.
Real news.
Oh, before I get too deep intoit, follow The Rentish.
Follow our podcast feed.
Email questions attherentishpod.com if you have
any sort of question or topicsuggestion.
And while you're listening tothe show, if you like our vibe,
if you like what we're puttingout there, we want you to just
(02:48):
throw it right on back to us.
Go ahead and give us a five-starreview or rate us.
Give us a comment.
Just say how much you like theshow.
Share it with your friends whoalso are into property
management, real estate,property management.
I can tell you're really engagedjust checking your phone the
whole time.
Smash that subscribe button.
Thanks, Pat.
All right.
Will 2025 be a better year tobuy a house?
(03:11):
That is the thesis of this newsarticle that we're about to read
into here.
Okay, so got to keep tradition,Pat.
Did you read the article?
No, but I feel like I know theanswer, but I did not.
I forgot to read the article.
Well, I'm going to go ahead andjust kind of give you a brief
overview here, and then we'regoing to talk about it.
Have a real talk, realconversation.
So get those gears turning.
The U.S.
housing market has been a rollercoaster over the past few years
(03:34):
with rising interest rates, lowinventory, and soaring prices.
Many prospective buyers havefound themselves waiting for a
better opportunity.
As we head into 2025, the bigquestion remains, will next year
finally offer a more favorableenvironment for home buyers?
And I would like to read you aquote.
It's an ABC article.
It's linked there.
You can go check it out if youwant to.
(03:54):
I don't know if we're includingthese links in the comments or
anything like that.
But we have this article here.
I want to read you this quotethat they cited here.
And I think that this is just abeautiful quote.
This comes from Ken Johnson,chief of real estate at the
University of Mississippi.
Quote, I don't see much sunshinein the forecast.
It's going to be gloomy andovercast, but it's not going to
be stormy.
(04:14):
I love the commitment to themetaphor.
Thanks.
Thanks, Ken Johnson for the.
Yeah.
So what's been the biggestbarrier for you or people, you
know, in buying a home?
Affordability, interest rates,competition, all this stuff.
So, so Patrick.
Yeah.
Hit me up.
All the above.
So my mom.
(04:34):
That's kind of my answer.
Yeah.
It's not really one specificthing.
It seems like my mom was buyinga house.
She bought one.
Last year, like less than a yearago.
And for her, like the interestrate wasn't actually an issue
because she sold her house, youknow, in another city and was
kind of like living in anapartment and waiting to buy the
(04:55):
house like in cash, you know, inher price range.
And just the competition, theprices as a result of like the
not really being a buyer'smarket right now, like those two
things specifically made it sohard for her to find a house.
It took took forever.
And as soon as one popped on themarket, she had to and act like
basically within hours.
It's just kind of like a crazymarket right now.
And that's just somebody whodidn't even need to get like a
(05:17):
mortgage.
Yeah.
Yeah.
I totally agree.
I think that it's a combinationof all three and all three at
different times.
And you know, it's kind of, it'sjust like pick your poison,
which one's going to kind of belike hitting the worst at that
particular moment.
It's like, yeah, I've had, I'velooked at a lot of houses in the
past, but like kind of just lostout because other people just
jump in there and it'scompetitive and they throw out
all these crazy numbers foroffers and you're just left
(05:40):
feeling defeated at the end ofthe process.
It's It's like, well, why eventry?
Offers like what, like 65 grandmore than the listing price and
stuff.
Totally.
Yeah, it's crazy.
But yeah, so according to thearticle, I'm going to break down
a couple of the different thingsthat they talk about.
You feel free to jump in if youhave anything that you want.
I'm going to chime in withPatrick here.
As somebody who didn't read thearticle.
(06:00):
As someone that didn't read thearticle.
But you're going to listen to meread the article and you can
generate thoughts in your brain.
Mortgage rates andaffordability.
So rate trends.
Mortgage rates climbed past 7%.
I mean, the saying expertspredict rates could stabilize or
slightly decrease doesn't, I'mnot convinced.
(06:31):
But whatever the experts say, Imean.
Yes, that's why they're theexperts.
Affordability gap.
Despite potential rate drops,home prices remain high.
Buyers are still spending anaverage of 35% of their monthly
income on mortgage payments,well above the historical norm
of 25.
Yeah, that sounds about right.
Yeah.
That's a big percentage.
Yeah, it's too high in myopinion.
(06:52):
A historical norm of 25% feelslike, I mean, like, you know,
prices increase, but like that'scrazy.
That's a crazy increase.
10% increase.
10% increase for somethingthat's so substantial.
That's part of your, you know,35% of your monthly income.
It's crazy.
A typical$400,000 home with a 7%interest rate results in a$2,660
(07:13):
monthly payment Down fromearlier this year, but still far
higher than in pre-pandemicyears.
Yeah, I mean, I think a lot ofpeople are probably going to
want to go to like kind of howthings were pre-pandemic and how
they, you know, I just, I don'tknow.
I don't, maybe a slight decreaseif the experts say so, but I
don't really see us in 2025.
Experts can say whatever theywant.
I want to go back.
(07:34):
Yeah.
I want to go back to thepre-pandemic.
The MCU was still good.
We had all our hopes and dreamsof the Batman trilogy coming
out.
I could go on.
Housing inventory andconstruction.
Limited supply.
A persistent lack of homes forsale continues to drive prices
up.
Builders are ramping upconstruction, but delays in
permits and labor shortages meansupply will likely remain tight
(07:56):
through early 2025.
So basic supply.
There's more demand than supply.
We learned about that ineconomics.
Right.
Remember high school economics?
Yeah.
Supply and demand.
Right.
I think I learned that in likethird grade history.
Third grade?
Yeah, supply and demand.
I didn't take a high schooleconomics class, but I remember
like supply and demand and, youknow, learning that from an
early age.
I don't remember learning thatthat early.
(08:17):
It was like fourth grade.
What?
Okay, so limited supply.
We got that.
Yeah, and things like BlackRock,just buying properties and
renting them out.
I don't know if that's somethingwe're allowed to complain about
on this podcast.
We can complain about anythingwe want.
It's the editor.
They gotta take it out if theywant to.
Those ginormous corporationsbuying single-family homes.
(08:40):
Totally.
Yeah, it just grinds my gears.
Grinds my gears too, buddy.
Market impact.
New home listings are projectedto increase by only 3% next
year, keeping competition high,especially in suburban and
desirable metropolitan areas.
I guess I don't understand whatthe typical, so like obviously
everything is projected toincrease.
The market always increases andnever decreases really.
(09:02):
So it's like new home listingsare projected to increase only
by 3%.
So does that mean that typicallyit's only by like one or two?
Yeah, I was about to say, Iwanna know what the acceleration
is.
Yeah, right.
Since 2019, since the pandemic,since COVID in 2020, you would
have to imagine that whateverthat number was, it drastically
increased, like probably by like10, 15% or something like that.
(09:25):
And now it's stabilizing to likeonly 3%.
But I want to know what it waslike before.
That would be interesting.
Okay.
Last little bit here.
First time home buyerchallenges.
So there's down payment hurdles.
Saving for a down paymentremains one of the biggest
barriers for new buyers.
The average down payment forfirst time buyers is now over
$30,000.
That's a lot.
Yeah.
A lot of money.
(09:45):
A lot of money.
But as we've maybe discussed inpast episodes, you might not
need to do the typical downpayment amount.
There might be certaincircumstances, maybe that
experts named Moussey have toldus about, where you're able to
qualify for a lower down paymentand kind of get all that out
there.
All the way down to 3%, I think.
3%, I think, was one of thestats that we read.
Not necessarily that that'sgoing to be your situation or my
situation.
(10:05):
Yeah, it's not going to apply toeverybody.
But yeah.
Yeah, totally.
Because there are incentiveprograms.
Some states are introducing newincentives and assistant
programs for first-time buyersbut demand often outpaces
availability.
Some examples.
Federal programs.
FHA loans continue to offer downpayments as low as 3.5%, and VA
loans provide zero down paymentoptions for veterans.
UNKNOWN (10:29):
So...
SPEAKER_00 (10:29):
Cool there.
Programs like California's Dreamfor All Shared Appreciation Loan
offer down payment assistance.
What a sentence.
That's a mouthful.
They offer down paymentassistance that can cover up to
20% of the home's cost withrepayment tied to the home's
appreciation.
That's cool.
Yeah.
Cool.
Cool program.
Shout out to California.
(10:51):
Local incentives.
New York's first home club.
First home club.
I want to be part of that club.
Yeah, me too.
Provides matching funds forevery dollar saved up to$7,500.
Wow.
Yeah.
Texas also offers grants and lowinterest loans through my first
Texas home.
So I'm assuming...
(11:13):
Context clues.
There may be a My First OhioHome program.
I'm going to look into that.
Yeah, because we're here in Ohiofor all the people that don't
know.
And then lastly, we got taxcredits.
Some states are introducingfirst-time buyer tax credits to
help offset closing costs.
Maryland's Smart Buy 3.0program, for example, allows
buyers to purchase homes and payoff student loan debt
(11:35):
simultaneously.
So you can kind of two birds,one stone kind of situation.
SPEAKER_01 (11:39):
Hmm.
SPEAKER_00 (11:41):
All that sound cool?
Yeah.
Yeah.
That's cool.
All incentive programs.
Yeah.
Again, check out what you'reeligible for, right?
If you're in the market for anew home, you want to consult
with a professional, but alsolike look at all these different
options that are available toyou.
Don't just go in blindly.
If rates drop, do you think itwill be enough to make buying a
home more achievable for you?
Yeah.
I mean, my goal has always beento buy a home when I'm in my 20s
(12:06):
is my goal.
And I'm 25, so I'm halfwaythere.
And obviously I wasn't reallygoing to buy a home up to this
point.
But in a few years, I would, youknow, after I kind of get my
like city, city livingexperience, out of my system.
I'm hoping to buy a home beforeI'm 30.
Obviously, if things continue toget worse, we'll see how
(12:26):
feasible that is.
So I'm really hoping for thebest.
I'm hoping these experts are...
Please, experts.
Please.
Yeah, I'm in the same boat.
Although I'm way behind on yourgoal.
I'm already almost going to be31 years old and I'm still
renting.
It's in my near future, I'mhoping.
We'll see.
But yeah, if these experts areright experts please be right
(12:49):
we'll uh we'll be seeing thatnew i'll be i'll be joining the
my first ohio home program veryvery soon so yeah 2025 holds
potential for a slightlyimproved housing market but many
hurdles remain keep an eye onrates inventory and local trends
and that can help make buyersmore informed and make better
decisions and prepare for theright moment to enter the market
and that's the news patrick ijust realized this might not get
(13:11):
released Until like way later in2025, because we're recording
this in March.
Yeah, we put some things in achamber, but still the rest of
2025 is is an open book ready tobe answered, ready to be read.
So, OK, well, that's it for thenews.
Let's kick it back over toourselves, I guess.
OK, Patrick.
(13:37):
Prop-tology time.
It's that time of the week againwhere we're going to talk about
a famous historical or veryinteresting building for, you
know, whatever reasons we want,really.
What reasons might those be?
I don't know.
The reasons because producing wesay over here put it on the
script.
So that's what we're going totalk about.
We're going to talk about thisbuilding here.
It's also just my favoritesegment name.
(13:57):
I mean, we nailed it on thatone.
We're messing it up with therest of them.
So we're doing the GriffithObservatory today.
That's right, everybody.
Does the name Send a chill downyour spine.
All right.
So, Patrick, do you want to– I'mgoing to have you describe it to
me.
We're going to do the Patrickaesthetic design layout and all
(14:18):
that stuff.
I want you to give me your mostdetailed poetic description of
this building that you possiblycan.
The Griffith Observatory, whoa,is one of LA's greatest cultural
attractions and a nationalleader in public astronomy.
Patrick.
Yeah.
What's that building look liketo you?
Describe it to our readers who–listeners who might not know
what we're talking about well imean i don't really know how to
(14:39):
describe this super well butit's got like the building is
like white and it's kind of longand it's got like orange balls
on it like well like domes likedomes uh what do you mean
building like i'm doing a greatjob so it's a white building
that's kind of long and it's gotorange domes on it.
(15:02):
Like it's got two domes on thesides and then like one big dome
in the middle.
So it's kind of like the middle,like the very middle of like, I
guess like a menorah kind of.
That's a decent description.
That's a decent comp.
Like the three middle candles ofthe Anoraks.
Instead of being candles,they're like orange domes.
I got you.
Typically, observatories, theygot the big rounded top with the
(15:25):
space for the telescope to go onit.
You know what I mean?
So, I don't know.
That's an observatory.
I don't know how I was supposedto explain that any better.
I think you did a great job.
We'll retool it.
It's up on a hill?
It's up on a hill, yeah.
So, I think that's probably oneof the biggest features about
the observatory.
that sticks out for a lot offolks is that it's overlooking
the Hollywood of Los Angeles,right?
(15:47):
I mean, like, it's up on thehill looking over the city of
Los Angeles, City Angels, kindof a beacon up there on the
hill.
The smog.
Sure.
Sometimes you can see the actualcity when you get past the smog.
Yeah, so offers spectacularviews from the Pacific Ocean to
downtown LA from its perch onMount Hollywood in Griffith
Park.
(16:08):
Mount Hollywood...
Patrick, actually the name ofthe mountain with the Hollywood
letters.
Okay, yeah, that's like theleast surprising fun fact.
Yeah, it's like, come on.
He could have been a little bitmore clever there with Mount
Hollywood.
That's like me claiming amountain and calling it Mount
Zach.
Well, I mean, yeah.
I don't know.
(16:29):
It's the best vantage point forobserving the world-famous
Hollywood sign, which wasopened.
The observatory itself wasopened to the public on May 14th
in 1935.
The Griffith Observatorygrounds, exhibits, and
telescopes are open and free tothe public each day the building
is opened.
I have been.
I don't know if you knew thatuntil right now.
I don't know if I knew thatuntil right this very second.
(16:50):
Yeah, like 2019 or something.
I was in college.
We did like a Los Angeles likefield trip basically.
And yeah, we went to theGriffith Observatory.
Like the main thing I vividlyremember is like all the smog
and pollution over the city.
Oh wow, so that wasn't a jokethat you legitimately like.
No, like it's literally like mymain takeaway was that.
And I also remember there werethese like little telescopes
(17:10):
where you could like see thesmog.
And I thought those were kind oflike the telescopes it was known
for, but apparently like Ididn't go inside.
I was just kind of like in theoutskirts of the building.
Apparently there's like actualtelescopes, you know, I did not.
Oh, so you didn't get to, youdidn't get to look through any
telescopes.
No, we were just kind of like, Idon't know.
Yeah.
I don't know what was going on,but they, you know, they were
just like, look at the swag.
And then we left.
(17:32):
They're like, they're like, thetelescopes are currently out of
order.
They're down for maintenance.
Yeah.
It was like, there was like, youknow, like put a quarter in it.
I don't know if you had to put aquarter in it, but you know, the
kinds of like telescopes I'mtalking about.
Oh yeah.
The spyglass, like theeyeglasses, like the little
bifocal things or whatever.
Um, I actually don't.
There's a word for those.
There is a word for those.
Come, back to me.
I'll think of it later and comeback to me.
(17:53):
Yeah, it was cool.
Cool building.
Yeah, I've never been to LA, butthe Griffith Observatory is on
my list of places to visit for avariety of reasons, of which
we'll get to when we get to thefilm segment or section.
Some of the history, briefhistory about the Griffith
Observatory.
Great city needs a great park.
This was a quote from ColonelGriffith J.
Griffith.
That's his name?
Apparently that's his name.
(18:14):
Griffith J.
Griffith.
Griffith J.
Griffith.
Wow.
Blowsers.
He wanted a place where peoplecould rest and relax, so he
donated three Thank you.
Welsh-born lad who immigrated toAmerica in 1865.
(18:37):
There's that word again.
Welsh-born lad.
Lad.
Love that word.
By the 1870s, he had a newspaperreporter.
He was a newspaper reporter whobecame an expert in mining
operations in the West.
Thanks to insider information,he was able to invest in mines
and buy 4,071 acres of rancholand in Los Angeles.
Afterwards, he became wealthy...
through real estate and lendingand went on to be a
(18:58):
philanthropist.
So Patrick, you know, if you'relearning anything from the
Rentish pod here, if you getwealthy with real estate, you
may one day afford anobservatory.
Okay, that's good to know.
Big plus if you're intostargazing.
Fun fact, he was feted as acivic hero until less than 10
years later when theteetotaling, what is this word?
(19:19):
Teetotaling?
Teetotaling.
Someone's got a word of the daydictionary that's right in the
script.
He appeared just like Oh.
Okay.
Wait, so...
So he shot at her but didn't...
I don't have the answers for youhere.
But he was tried for attemptedmurder.
(19:40):
His defense was, quote,alcoholic insanity, end quote.
He wound up paying a fine andspending two years in San Juan.
Really?
Just two years?
Yeah, just two years.
Okay.
Times are different.
Yeah.
Times are different.
So yeah, major attractions.
You got the Zeiss telescopes.
More than 7 million people haveput an eye to the Griffith
Observatory's original 12-inchZeiss refracting telescope.
(20:02):
So there's a lot of people outin the world that have been able
to go and experience it, I wouldlike to be on that list of
people to go and do it.
Because we got some movie stuffhere.
And we would be remiss if wedidn't talk about movies,
television, entertainment that'swith the Griffith Observatory.
I'm going to list a couple bigones here.
Rebel Without a Cause, 1955.
I think that was my first timeseeing the Griffith Observatory.
(20:27):
Yeah, there's the infamous knifefight scene and the more obvious
planetarium scene, as well asthe film's iconic final shot of
the observatory so there's thatone I'm going to skip ahead
Transformers 2007 okay it's inthere I don't really remember I
don't remember it at all andthen in the original Terminator
1984 a scene was filmed on thesteps of the observatory yeah I
(20:49):
don't remember that one either Idon't think they really
highlighted the planetarium butyeah shot the steps though the
observatory what we are going tohighlight though La La Land baby
La La Land Damien Chazelle RyanGosling Emma Stone Yes.
J.K.
Simmons.
Oh, he is in that.
I was like, you got the wrongmovie.
(21:09):
No, no, no.
J.K.
Simmons.
He's in it.
Yeah, he is.
He's like the bar manager.
Yeah, right.
Very minor role.
But, I mean, let's be honest.
We're there for Ryan Gosling.
Yeah, yeah, yeah.
Yeah, old Gosling.
I love the guys.
And I love La La Land.
It's one of my favorites.
It's so good.
Favorite movies.
One of my favorite musicals.
Yeah, I just, I want to visitthe planetarium alone just to
(21:30):
visualize myself being twirledby him through the planetarium
because I think that sounds solovely.
So lovely.
Yeah, I don't know.
The Griffith Observatory, that'sbasically a bunch of the big fun
facts that we had left to hithere.
I mean, do we have any things toend on?
How much would it rent for?
I mean, that's one of ourquestions.
(21:51):
Like what?
Like you rent for a day or for amonth of rent?
Oh, God, I don't know.
Let's say you're going to sign a12-month lease at the Griffith
Observatory.
I don't even have the faintestidea.
How many acres is it?
Acres.
Let me– hold on a second.
Hold on a second.
There was some fun fact.
3,015?
3,015 acres.
Like for the whole– But thatmight be just– I don't know.
(22:14):
In L.A., dude?
Oh, geez.
Like for the year,$80 million?
$80 million a month?
Or for the year?
Yeah.
Yeah, isn't that what you asked?
I guess that divided by 12, I'mnot doing the math right now.
No, I can't do that math in myhead.
Yeah, that's too much.
But yeah, I would say something,I don't know, I don't really
have any basis for that though.
Yeah, I mean, renting a room inthe observatory would definitely
(22:36):
be like, I could see that beinglike, maybe like a million a
month, something like that.
So apparently there's an actuallike, there's actual facts about
this.
Really?
Instead of us just winging it.
Producer Moussey, he gave methis.
I will read This is according tothe internet, um, exterior
(22:57):
events starting at$15,000 for a12 hour period and, uh, interior
and exterior events at$20,000,uh, plus staffing fees ranging
from three to six K.
So yeah, for like, that's for a12 hour period.
So like, I mean, let's say a dayless than a day, uh, you're
looking at like up to$26,000.
So, okay.
(23:18):
Yeah.
That's good.
So$26,000.
That's, you know, Times 30 daysin a month.
Times 365.
Well, that would be, no, becausethat's 365 months.
Oh, yeah, you're right.
So you got to do, oh, shoot,what would you have to do?
Welcome to the MathCast.
(23:38):
26 times 12.
Sorry, 26,000 times 12.
No, shoot, times 30.
Dude, we are so bad.
This is fantastic radio.
So$780,000 for one month.
And then multiply that by 12.
So$9.3 million for a year torent the Griffith Observatory.
(23:59):
Okay, I was way off.
Roughly.
Don't quote us on that if you'retrying to rent out.
No.
Also, if you're trying to leasethe Griffith Observatory, I hate
to tell you.
Probably not going to happen,but you never know.
But if you're going to try andget it for a wedding, sounds
beautiful.
Sounds doable.
If you've got$12,000 layingaround.
How much?
$26,000?
Well, yeah, like$26,000-ish withthe fees and stuff.
(24:21):
All right.
Well, that was Propetology.
We didn't really talk aboutwho's going to host these
segments.
Yeah, I can do this one.
Yeah, you want to do this one?
Yeah.
This is called show planning foreverybody out there.
You do it live on the air.
It always turns out great.
Yeah, right.
This is what not to do in caseyou were wondering.
(24:43):
All right.
So what are we going to talkabout today?
What do we call this?
Well, let me open the documentand let's see.
Oh, we're talking about JerrySeinfeld's apartment outline.
All right, let's do this.
Introduction to the real estate.
(25:03):
Oh, I'm not supposed to readthat.
Whoops.
That's the, okay.
Cut that out, editor.
So today in this segment, wewill be dissecting iconic
properties from TV shows andmovies.
Oh, this is the real estatereal, like R-E-E-L.
Yeah, yeah, real estate, R-E-E-Lestate.
(25:24):
Yeah.
So basically we're talking aboutJerry Seinfeld's apartment, a
very iconic TV apartment, one ofthe most famous sitcom, like of
all the famous sitcomapartments, it's definitely in
the top three.
There's Lego sets for this.
So yeah, it's pretty iconic.
So gonna explore a few things.
Where is Jerry's apartmentactually located?
Upper West Side, right?
(25:46):
They say that in the show overand over again.
I've only seen sporadic episodeshere and there.
Are you kidding me?
I haven't like watched the showlike from start to finish.
Like I've seen...
I've seen, like, the Soup Naziepisode.
I've seen the one where Kramer,like, paints over the median on
the road.
Yeah.
These pretzels are making methirsty.
Yeah.
But I haven't, like, watched theshow.
(26:07):
Yeah, I probably shouldn't beleading the segment.
Okay, so we should probably saythis off the bat.
I think it's funnier that youare leading the segment, by the
way.
Seinfeld is the best televisionshow ever made.
That's okay.
Seinfeld is the best comedy evermade.
It's the best sitcom ever madeand the best television show.
And it will probably never bebeaten.
It's one of those things where,like, I've seen Seinfeld so many
(26:31):
times in my life.
I used to rewatch the DVDs overand over and over again, catch
it on TV when it was playing.
It is my comfort show for a lotof people.
I think people go back andrewatch The Office over and over
again, but Seinfeld is that forme.
Seinfeld is, it's funny eventhough I know the joke is
coming.
Yeah.
I can recite– if you put me in alocked room with a typewriter,
(26:54):
I'm pretty confident that Icould write every episode of
Seinfeld.
That is insane.
How many episodes are there?
Like 200?
There's nine seasons, and Ithink there's roughly 280
episodes or something like that,275.
I feel– because we're both kindof like TV movie buffs.
Yeah, I feel like I'm doing– I'mnot honoring what I should be
(27:19):
doing as a TV movie.
You understand the culturalimpact.
It clearly was a game changingsitcom in terms of what it did
for writing and the concepts ofthe different narrative threads.
It's something that a lot ofsitcoms were not doing and still
don't even do.
I need to watch it.
I can't imagine after finishingit that it'll be better than
(27:39):
Drake and Josh.
Get the hell out of here.
I just have a hard timeaccepting that that might be,
you know, so I'm not going to goin with too high expectations.
Gotcha.
Um, but yeah, upper west side ofyou're absolutely right.
Um, the real exterior shots areof 755 to 77 West end Avenue,
neither corner of 95th street.
(28:01):
So if you have an understandingof like Manhattan, I guess that
might make sense to you, uh,known for its historic
brownstones, culturalinstitutions, like the American
museum of natural history andits proximity to central park.
Historically, it's been an arelatively affordable area in
Manhattan, but you know,obviously prices have risen over
(28:21):
time.
Yeah.
That's the thing is that like,I'm trying to, I'm digging into
my, the recesses of my mind tothink like at any point in the,
in Seinfeld, the show, do theyreference how much they're
paying in rent?
And I can't remember for thelife of me.
I don't think that there's anydirect line where they say how
much they're paying.
You can take a lot of things incontext for the time where it's
like, you know, it is the mid,mid 90, early to mid nineties.
(28:45):
They're paying like a couplebucks for cab fare in the middle
of New York where it's like,that's now going to be like a$30
ride.
I, I can only imagine thecraziness of the cost at the
time.
I'm going to look that up.
I've got it for you, actually.
Oh, you got it?
Hit me.
Based on the show, Jerry'sapartment was likely rented for
$1,200 to$1,500.
$1,200 to$1,500 per month in theearly 90s.
(29:09):
Wow.
Which was considered a deal.
Yeah.
Yeah.
Yeah.
(29:42):
In a living room, in a balcony,it's so lavish.
That's what always gets me aboutSeinfeld is that it's so,
humble's not the right word, butit's all very small scale.
No one lives in a lavish, themost lavish character is
probably someone like Mr.
Peterman.
You got any more?
(30:02):
Hit me with a fun fact.
Yeah, so a similar apartment inthe Upper West Side today Take a
guess at that.
So like I said, 1,500, 2,500 wasaverage.
At the time, they were paying$1,200 to$1,500.
What do you think a typicalapartment now in that same area
would be?
So I may have already seen oneof the numbers, but it looked
(30:23):
like it might have been on thehigher end.
I'm going to guess like$6,000.
$6,000 to$7,000.
That's a little higher.
So it's$3,500 to$5,500.
It's kind of like a similarapartment in terms of its size
and whatnot.
Luxury buildings in the area mayactually exceed$7,000 per month.
You know?
That's surprisingly better thanI was anticipating.
(30:45):
I mean like...
New York is constantly, it'smemed to death how expensive it
is to live in New York.
I mean, isn't the rents too damnhigh?
Isn't that about New York City?
Yeah, right.
So we've been dealing with,we've been hearing like the, you
know, we're just small townMidwesterners over here, but
it's like we've been hearingabout the idea of New York being
(31:07):
this expensive metropolitan cityfor years, years and years.
I would have thought it wouldhave been way higher.
Yeah.
Even for a one bedroom.
I hear about studio apartmentsin Manhattan that cost like a
few thousand dollars.
Well, and Jerry had a Jerry hada pretty big apartment for the
time.
So he had a separate kitchen,which a lot of New York City
apartments have open kitchens.
He had a large living space thatcould comfortably fit guests.
(31:31):
Sure.
Producer note from Moussey, bythe way, did some research.
And apparently as of March 2025,the average rent for an
apartment in New York City isaround$3,935 a month.
Okay.
That's an interesting medianthere.
Could Jerry afford it?
Could Jerry afford theapartment?
I think that's an interestingplace to go from here because
people always talk about theseshows and we talked about it
(31:51):
when we did the Friendsapartment building where it's
like all these people are, theyhave all these kind of like
middle of the road jobs and yetthey're able to afford this
crazy place and now it wasdifferent for friends but
Seinfeld Jerry's a stand upcomedian he's not even a very
well known stand up comedian inthe Seinfeld lore like when he's
(32:13):
living in Manhattan and he'sdoing like his stand up he's
doing like dinky little comedyclubs he's not like he goes on
like a few talk shows and thenthere's that arc in season 4
where they pitch their idea fora TV they get a TV show pilot
with NBC but it's like he's notwealthy in the show isn't like
(32:34):
real life Jerry Seinfeld likethe wealthiest comedian in
history or something thatwouldn't the wealthiest comedian
in history yeah I think he'slike I mean I could like be
pulling that facts out of my assI don't know I don't know I mean
he would certainly be on the top10 list I mean Yeah, I thought
it was, you know.
Have you seen the amount of carshe drives?
The coffee.
(32:55):
I was like, do you see how manycars he drinks and coffees he
drives?
Keep that in.
And, yeah.
He's a billionaire.
Oh, Mousset says he's abillionaire.
Yeah, that would place himpretty high.
Probably pretty high.
I don't know who else would beon that list.
Well, here it's saying theestimated salary for Jerry
Seinfeld in the show would havebeen$50,000 to$75,000 per year
(33:16):
in the 90s.
They're saying adjusting forinflation.
That seems.
That seems high to me.
Even at the high end,$75,000working as a low-level comedian?
Yeah, I don't really buy that.
Did he have any odd jobs?
No, Jerry was only a comedian,because that was part of the bit
of the show, is that he wasnever doing anything during the
(33:37):
day, and then he would go out tocomedy clubs and fly to other
venues and do stand-up comedy.
But everyone else was doingtheir normal jobs.
George had all sorts of jobs.
And Elaine is like, you know,she in fashion for a time and
worked at a paper and stuff.
What did Kramer do?
We gotta talk about Kramer.
(34:00):
Kramer, it's always completelynebulous what his job is.
There are entire Wikipediatheories about what Kramer did.
A lot of people assume that hecame into money or was inherited
a lot of money because he neverworks.
He never has any job.
There's one episode where one ofmy favorite episodes of all time
(34:22):
is the episode about Festivuswhich is the fake holiday that
George Costanza's father inventsand one of the side plots of
that episode is that Kramerworked at H&H Bagels in like the
early it was like the late 70sor early 80s and then they went
on strike because they wouldn'tlet them they wouldn't let them
(34:43):
use the bathroom or somethinglike that and then like he
stayed on strike until the 90sand then went back to work at
his day job at H&H Bagels.
And he works there for one dayand then gets fired because he
drops gum in a piece of dough.
But that's like That was hisonly job.
No one knows what this man doesfor a living.
(35:04):
There are a lot of theoriesonline where people are like,
well, he must have justinherited money, came into
money, or I don't know, maybehe's just really good at
gambling.
Because he gambles a lot.
There's episodes of him at theracetracks and stuff, like
betting on horses.
Professional gambler.
Yeah, so professional.
So Jerry doesn't have to justdeal with him and his apartment.
He also has to deal with Kramerconstantly barging into his
(35:26):
place.
There's that episode whereKramer...
and Newman start learning how todo DIY sausages.
And they've got sausages hangingup all over Jerry's apartment.
What kind of lease issues wouldJerry likely face with Kramer
constantly being a part of hislife in his apartment?
Sounds like some breaches of hiscontract.
(35:46):
I don't know.
Yeah.
I don't know how in-depth a lotof landlords' lease agreements
get.
I don't know if nosausage-making clauses in most
lease agreements.
I can't imagine.
I'm guessing that was added forthe renewal.
Yeah.
I don't know.
Landlords out there, maybeconsider putting in something
about sausages in your lease.
What other crazy stuff?
You watch the show.
(36:07):
I do watch the show.
Kramer.
Oh, man.
I'm trying to think.
I don't remember Kramer reallydoing that much destruction of
property.
inside Jerry's house he smokescigars a lot so maybe like smell
factor probably have to pay fora deep clean producer Musse is
saying that Jerry can make someside money by renting out his
(36:28):
apartment as an Airbnb when hegoes on his trips to go do
stand-up, when he's traveling todifferent cities.
And then he's got these familyfrom Idaho that's coming to
visit the big city and then allof a sudden they got Kramer
busting in trying to makesausages.
That could be a problem.
That could be a sincere problem.
But that wouldn't as much be aproblem with your lease as it is
(36:49):
just like you'd probably getsome bad reviews on Airbnb if
you had Kramer.
But then the guests might likeKramer, so they might come in
and just hang out.
That might be part of theattraction.
They're like, we want to hangout with this crazy guy.
Well, let's talk about a coupleof fun facts.
The real building where hisapartment is located has become
a popular tourist stop for manyfans who take photos in front of
the building.
(37:09):
While there's no Seinfeld museumor attraction, a lot of tourists
flock to the Upper West Side tovisit iconic locations like the
diner and obviously thebuilding.
Because the exterior is a hugelyrecognizable part of the show.
Yeah.
Yeah, it's funny.
It's like the word SeinfeldMuseum.
If there was a Seinfeld Museum,when I retire, that might be the
(37:29):
job that I take up.
It's like I'll be the securityguard at the Seinfeld Museum
when I'm like 70.
So the apartment to me, it'slike they show the exterior
shots, but to me that's not asiconic as the diner.
So Monk's Diner in the show iswhere they go to all the time.
That building, you can actuallygo in and have a meal.
I forget what the name of thediner is.
(37:50):
Tom's Diner.
Thank you so much.
Yeah.
that was gonna drive me crazy.
Yeah, so you can actually gothere and sit down inside.
It's obviously different fromwhat it looks like in the show
on the inside, but the neon signon the outside, it looks exactly
the same.
To me, that's more interestingto go there.
The times I've been to New York,I've never been to that diner,
so I need to make a pilgrimage.
(38:11):
Yeah, couple other things.
So Jerry's apartment number, I'mgonna quiz you real quick.
Don't look at the sheet.
Do you know what his apartmentnumber is?
I saw it on the news doc, so Ican't.
Five A.
Yeah.
I scrolled that.
Five A does not exist in thebuilding.
It's a made up.
Oh, in the real building?
Yeah, in the real building.
That's interesting.
Because it's like a Hollywoodset, obviously.
Sure.
I don't know if it's Hollywood,but it's a TV set.
Now I'm curious for the rest ofthese trivia questions.
(38:31):
All right.
This is fun.
Yeah.
Well, actually, that was prettymuch the last one.
Oh.
Wrapping up, Jerry's apartment.
It's an iconic piece of Seinfeldlore.
Yep.
Also, just like Friends, anexample of TV fantasy real
estate.
Yeah.
Appealing to viewers, yet nearlyimpossible for pretty much
(38:53):
anyone to afford or replicate inreal life.
Yeah.
I think kind of like the moralof the story here.
Yeah, Seinfeld is– I mean it wascool to talk about the building
and kind of some hypotheticalsabout real estate in the
Seinfeld world.
I'm sure eventually we'll haveto come back to the show at some
point because there's so manymore iconic locations in
Seinfeld about the city of NewYork that I would love to cover
(39:13):
also.
we can just keep talking aboutthe Seinfeld on this podcast.
I mean, if this podcastnaturally transitions to a
Seinfeld podcast, I'm going tobe just totally fine with that.
Go ahead and email questions atthe rentish pod.com.
If you would like us to talkabout Seinfeld more often or
your favorite locate, email uswith your favorite location from
Seinfeld.
(39:33):
And then maybe on a futureepisode, we'll cover that as a,
uh, as a real, what is it?
Real estate, real list.
No real estate spelled R E Lreal estate, Real.
Yeah, that's what it is.
Real Estate Real.
Yeah.
Got it.
R-E-E-L.
Thanks, Patrick, for leadingthat segment.
Yeah, no problem.
You did a great job.
(39:53):
You did a great job.
Okay.
And that's our episode for thisweek, man.
Thank you all for listening tothis episode of the Rentish
podcast.
We are so glad that you camealong for the ride this week.
We got to talk about a lot offun buildings.
We got to talk about some coolstuff.
Got to hang out with ourproducers and our fans and
everything.
And it's been a lot of fun.
(40:14):
So remember, listen to thepodcast wherever you get your
podcasts and give us a littlerating or review.
Five stars if you can orwhatever the star equivalent is
on your podcast platform ofchoice.
Email questions at therentishAnd subscribe for more.
And we'll see you next time.
Bye, everyone.
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