The Brick Underground Podcast

By: BrickUnderground.com helps readers navigate NYC real estate and thrive in t
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  • Summary

  • The Brick Underground Podcast brings you everything you need to know about New York City real estate—condos, co-ops, buying, selling, and renting, from politics to practical guides—with tips on how to achieve your housing goals in NYC.
    Brick U, 2019
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Economics Personal Finance Social Sciences Travel Writing & Commentary
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Episodes
  • Brick Underground Office Hours

    Brick Underground Office Hours
    May 2 2023
    Renting in New York City usually comes with some kind of headache—a broken elevator, a rent increase, leaks, mold, the list goes on. In this episode, tenant attorney Sam Himmelstein, a partner at Himmelstein McConnell Gribben & Joseph and a longtime sponsor of Brick Underground, sits down for our first live Office Hours.

    Some of the questions addressed during the event include: Can I be charged fees for late rent payments if it isn't in the lease? What are landlords' obligations for cleaning common areas? Can a landlord increase my rent in retaliation if I complain about conditions? How do I handle mold? Another important issue: How to check if your apartment is rent-stabilized. You can see the video on YouTube.

    Tenant attorney Sam Himmelstein writes Brick Underground's popular Ask a Renter's Rights Lawyer column. 

     
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    47 mins
  • Racism and the lack of diversity in the appraisal business

    Racism and the lack of diversity in the appraisal business
    Dec 1 2022
    Claims about racial bias in appraisals are not new but there are now reports the pandemic has made the situation worse. Recently, researchers digging through millions of appraisals from the Federal Housing Finance Agency found, yet again, evidence of systematic racial bias from appraisers. In a conversation with Jonathan Miller, president and CEO of appraisal firm Miller Samuel, he says this type of discrimination is likely to be as prevalent in New York City as it is in rest of the country and blames the lack of diversity in the appraisal business is a key driver of this bias.   Related links: Employed persons by occupation, sex, race, and gender (U.S. Bureau of Labor and Statistics) The persistent evaluation of white neighborhoods as more valuable than communities of color (Eruka)  

     
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    16 mins
  • Making sense of the NYC real estate market with Jonathan Miller

    Making sense of the NYC real estate market with Jonathan Miller
    Nov 18 2022

    Appraiser Jonathan Miller, president and CEO of Miller Samuel, joins host Emily Myers to discuss what buyers, sellers, and renters in New York City can take away from the real estate data as we head into 2023. Rents are 15 percent higher than they were before the pandemic but concessions (like free rent given by a landlord to entice someone to sign a lease) are actually starting to rise. Meanwhile, apartment sales have slowed because of rising mortgage rates and uncertainty about the economy. 

    One tip: If you want to follow sales price trends in NYC you need to look at inventory and months of supply—the metrics that tell us how many apartments are available and how quickly they are selling. When months of supply go above eight and a half, buyers get some leverage.

    Related links:

    The Elliman Report (Douglas Elliman)

    Demand for doorman buildings keeps NYC rents stubbornly high (Brick Underground)

    Can NYC apartment hunters finally push back on asking rents now that winter is coming? (Brick Underground)

    Nearly a third of sales in Brooklyn went to bidding wars in the third quarter (Brick Underground)

     

     

     
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    27 mins

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