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Suit Up With Baez
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Suit Up With Baez
Episode 19: Yankee Gambles & Real Estate Revelations: Fried’s Arrival, Soto’s Exit & NYC’s Bold Zoning Moves
Can blockbuster trades really reshape a team's destiny? Join us as we dissect Major League Baseball's latest thrilling moves, spotlighting the Yankees' strategic acquisitions of Max Fried and Devin Williams, and the financial foresight behind parting with Juan Soto. We pay homage to the unparalleled talents of Shohei Ohtani, whose prowess on both the mound and at the plate is nothing short of revolutionary. The episode also delves into the dynamics of player loyalty and leadership, drawing parallels between Aaron Judge and the legendary Derek Jeter. We examine the ripple effects of these shifts on the Dodgers and Mets, while pondering the massive contracts that could define the future for players like Vladimir Guerrero Jr.
Shifting gears, we unravel the complexities of the current real estate market, where managing property permits with precision is more crucial than ever. Explore the resurgence marked by bidding wars and a daring wave of buyers waiving contingencies as interest rates dip. We also take you through the migration trends of New Yorkers heading to the sunshine state of Florida and the scandalous legal troubles of high-profile brokers Cal and Oren Alexander. The spotlight turns to real estate brokers as public figures, scrutinizing their role in New York City's ambitious zoning reform and the city's relentless pursuit of affordability. Our conversation captures the essence of New York's vibrant business landscape, concluding with heartfelt gratitude for the invaluable support from our listeners and community.
Hello everyone, Welcome to Pseudo with Bias podcast and I'm here with Angelo Bias and I'm Alex Bias and I'm excited we're at the end of the year.
Speaker 2:Yeah, we're almost there, yeah.
Speaker 1:Few more days for 2025. So a lot of things is going on this month.
Speaker 2:Yeah, no, absolutely. You got the presents for Christmas and everything. Yeah, a few more days for 2025, so a lot of things is going on this month. Yeah, no, absolutely.
Speaker 1:You got the presents for christmas and everything yeah, thank god, we got that all well hided there. My wife took care of all that, and that'd be interesting year.
Speaker 2:Yeah, no, absolutely. And also the yankees got some new pitchers out here. They got max free eight years to 18 million and Devin Williams for Nester Cortez and infielder Caleb Durbin.
Speaker 1:Nice. Honestly, I'm happy they let Juan Soto go.
Speaker 2:I think it was extremely high.
Speaker 1:I think it was really smart what the Yankees did, and now they're picking up some good pitchers. We definitely need some good pitchers, as you saw what happened in the World Series. I think the infield was a big problem during the World Series, so it was really good that they picked up these pitchers. I think the Yankees are heading in a good direction. I think we need at least a first baseman, a new first baseman, and I think we should have a good year to be honest with you.
Speaker 1:Good luck to the Mets. That was a big contract I saw that the owner ended up selling one of his other teams, I guess, to make up for that big contract. He just paid Juan Soto, even though he's one of the most richest owners in the Mets, but I think it was extremely high what he did. But he would definitely make it up with the sales of the jersey and all the stuff that he got going on in the Mets. I think the Yankees made the right decision on letting Juan Soto go 100%.
Speaker 2:It was too much money.
Speaker 1:Yeah, now, with that amount of money they can pick up at least three, four good players and actually make a better run this year. I think we got a good chance again to go against the Dodgers. I'm 100% sure Mets are not going to eliminate the Dodgers. Dodgers, I see them the next two, three years being that team that's going to be in the run in the World Series always.
Speaker 2:Right For the next two, three years at least. Exactly, they're the team to beat, basically their team is so stacked, especially when Otani gets back on pitcher as well. It's crazy. He's a batter, he's a pitcher. This guy, he plays every position. Do you think he's more worth it than Juan Soto in terms of the money? A hundred percent.
Speaker 1:Yeah, I always. He plays all positions.
Speaker 1:And you know, being a pitcher and a batter, I think that's one of the hardest things. I've never seen a player be a pitcher and a batter that can bat and also pitch at a high level. You see, you come across them, but it's very rare if you see them that they can do both positions at a high level. So I don't think he's worth more than I mean. You know, I give it up to them to the. Juan soto come from a very poor community in dominican republic, definitely set the tone and then will be. I think now these contracts are going to be extremely high for all these players. He just opened the route for a lot of players right now. I think the next big contract, my opinion, is going to be valerian guerrero, his son, junior Jr. He might be the next big contract. He just rejected $360 million. He's going to be over $500,.
Speaker 1:I think, he just set the tone, juan Soto. So now everyone is expecting, as a baseball player, especially at that high level, that they're batting and playing. They're expecting big bucks. I don't think it's going to ever be again the way it used to be. You know, if Judge probably would have waited another year, he would have got a big contract, Right, I believe it was 360, if I'm not mistaken.
Speaker 2:But the thing is that, judge right, he's willing to forego all the premium expenses just to stay with the Yankees to give them a good. He's a real Yankee fan.
Speaker 1:I'm happy the Yankees elected him as the captain. He does remind me a lot of Derek Jeter his humbleness, the way he carries himself and the way he gives all to the Yankee. Of course, in the playoffs in the World Series he gave a big setback, but he continued to be a Yankee and I think we all are grateful about that.
Speaker 2:He's still a number one in the.
Speaker 1:Yankees. So you know he still was on top of Juan Soto, which I think Juan Soto wasn't too happy about that. But I think Judge definitely deserved his position and I'm very grateful for him because he reminds me a lot of Derrick Jeter. You know Derrick Jeter was a captain of the Yankees and definitely missed I mean, that commercial when he retired was like so sad, that commercial.
Speaker 2:Yeah, no, I saw it as well. It was all over New York, basically.
Speaker 1:Oh my God it felt like you know, a big legend just finished his career and it was like wow, it was kind of hard to see that year, but definitely he did a great run for the Yankees over 20 years and I think Judge is going the same route. To be honest with you, I mean he might have the most home runs at one point with the Yankees.
Speaker 2:He just needs to translate that to the playoffs and completely. He just needs to translate that to the playoffs and completely.
Speaker 1:He needs to. You know what it is. Also, these fans of the Yankees. You know I'm a huge Yankee fan, but I think we're very hardcore man. Sometimes we forget that we're so hardcore on these players.
Speaker 2:Right One thing that we ended up having a question about last time. They said what's a CEO? Someone reached out and said what is a CEO? You?
Speaker 1:keep talking about CEO, ceo, ceo. What is that? So, ceo is basically a certificate of occupancy. It basically lets you know if it's a legal single family, two family, three family.
Speaker 1:It lets you know the amount of rooms on each floor and also the CEO, basically, is safe to live in there because they've been inspected by the Department of Building. So, ceos, when you're purchasing a property, you need to have a CEO up to date, right? Ceos, when you're purchasing a property, you need to have a CEO up to date, right, because the bank will not release funds or give the loan to the client if they don't have a certificate of office, right. So that's a very important document and that's one thing we do. When we list or help you buy a property, we run the title search on it. And one thing that we're looking for is also the CEO to make sure the CEO is active and is up to date.
Speaker 1:Right To make sure the CEO is active and is up to date. Right To make sure you get the loan and to make sure that it's safe to live in there Apparently. If you don't have a CEO, that means it's not safe. Right To live in the property.
Speaker 2:Don't some properties not have a CEO because they're before a certain date?
Speaker 1:Oh, that's a great question. It's 1938. Any property built before 1938, it wasn't required to have a seal. After 1938, every property is required to have a seal, gotcha. But they do have records showing that. So apartment building also, hpd have records showing if it's a single family or two family. On the records at least, any property built before 1938 is not required to have a seal right.
Speaker 1:But if some homeowners in there that they really want to have a CEO, you can always go for your CEO, even if the house was built after 1938. You can still go for it.
Speaker 2:Are there any benefits to getting a CEO if you're not required to A lot?
Speaker 1:of buyers feel more comfortable having a CEO in place. That's the truth.
Speaker 2:Yeah it just. It's more structured that way.
Speaker 1:Yeah, because it tells you what is legal and a lot of buyers. I actually had a buyer. I was buying a property and decided to back up because I didn't have a CEO but the house was built before 1938. And I told them on the records of the city said it was a single family but they didn't feel comfortable buying a house without a CEO. That was like a mandatory for them to have a CEO.
Speaker 1:Yeah, some people are very technical like that, yeah, and the reason she felt like that was because she said what if, tomorrow, I decide to sell? I want to have a CEO, I want to be able to give a CEO to the next buyer. And she was thinking about the future. So she decided to back out.
Speaker 2:Understandable. Another question that they had right was regarding permits, Like what are permits? How do you file for one, what does it mean that it's open and how do you close?
Speaker 1:it To file permits, right, of course you're going to have to have some plans, right, submit it, depending what type of permit you're doing. If you're doing a roof, you can always pull up a permit. If you're doing inside, an electric or a plumbing, definitely it's recommended to get an architect to submit plans and then, after you get the plans approved, it's going to have basically the plant number on it and with that plant number they could pull out permit the next day. Right After you pull out those permits, right, you do the work and have in mind you cannot close the permits until you do an inspection with the city, right, and so they do a final inspection. Once they do a final inspection, it's going to be called a completion letter, right, and they completed it and then they will close out the permit. So to close our permit, you always have to have the city come in and order a final inspection with the city to come close out the permit.
Speaker 1:If the client does not do that, the permit remains open. Right, the permit expires, every permit expires, but it remains open that that permit was never closed. So for the city, right, every permit you pull up, you cannot, you have to close them, right. So it don't matter when you're selling the property. When the order title and it comes up that the permit is there, you're required to close when you're selling the property, unless you disclose it to the buyer. Listen, I'm selling the property and this is the particular permit. I'm selling it as is. So what happens is that the seller comes and gives a credit to the buyer Like hey, I'll give you $5,000.
Speaker 1:You take care of the permit right? You definitely have to close out every permit, no matter what year it is, all permits. Right now I'm working on a client that has a permit from 1968. They're actually selling the property, as is. I also want to share guys, this week was actually good. We actually had two properties that went on the market One. So I've been seeing that the market and the buyers are coming back in. The rates have been dropping, right, I'm understanding they are high as five. So rates are dropping and I'm seeing the bidding war.
Speaker 1:I have two properties I put up this last week and one of the properties went in contract for $105,000 over asking and the second one is going in contract for $100,000 over asking. And guess what? Buyers are waiving all contingency and one of the contingencies are appraisal right. So meaning that the buyer will have to pay. If the property appraises for less, angela, the buyer will have to pay out of pocket. The rest are different, plus the down payment and plus the closing costs. So these buyers agree to those terms, waive all contingency, waive appraisal, waive inspection and they go in and contract over asking. So right now, properties, I see the bidding wars coming back in.
Speaker 2:Yeah, no, we've seen that Like you've gotten a lot of calls now for properties and stuff. A lot of sellers are calling me 2025 is interesting, right?
Speaker 1:A lot of people were just waiting for the president to come in and make a decision what's best for them and their family. I am seeing a lot of solid selling here in New York and I see that they've been calling me.
Speaker 2:Yeah, do you think it was the presidential election that kind of got all these people to start recently, like last week and the week prior, like you were getting so many calls from like selling yeah, we, we were getting really busy. Yeah, we were like wondering like how this is just like an uptick of like well, usually at the end of the year, right usually after the.
Speaker 1:I always say that presidential, when it comes in it definitely more, because everyone have their own motives right. Some clients going through probate and clients are going through divorce. You know we have all types of clients. It all depends the situation you're in. But one of the motives is always that really they can't handle new york anymore, that run around that pressure and most clients of mine are moving to florida. They just want to be more peaceful, more quiet. They also want they don't want to deal with the cold anymore. It's usually when that cold hits clients are like getting motivated to get out of New York.
Speaker 2:Yeah, florida, I mean.
Speaker 1:Florida is big, now Texas.
Speaker 2:Florida is big. I remember seeing an article in Florida about two real estate brothers and how they basically got inducted for human trafficking. What are the broker's name? I believe it's. Let me see if I can pull it up real quick. I think it's where is it?
Speaker 1:I've been seeing that a lot, so I saw this article that came up that in Florida there's a huge percentage of New Yorkers moving to Florida and I've been seeing that a lot of people, a lot of my clients, are moving to Florida too, that I'm selling their houses here. Most of them are retired and they want to live in Florida due to the weather and yeah, definitely.
Speaker 2:Here it is Real estate brothers caught in sex trafficking scandal. If I'm not mistaking, their names are Cal and Oren Alexander, and they were charged with federal counts of sex trafficking and are expected to be extradited to New York to face charges. Wow, so it happened in New York. The case, well, it's saying that they're being extradited to New York to face charges. Wow, so it happened in New York. The case, well, it's saying that they're being extradited to New York. It's saying that they're from Florida.
Speaker 1:Miami. Oh, okay, yeah, so I'm not sure what happened and they're real estate brokers Yep, they're luxury real estate brokers, wow.
Speaker 2:So they had a lot of connections and, yeah, they were basically out here in like.
Speaker 1:I know sometimes the money gets to guys in their head, but always got to do the right. If you're doing the wrong it's going to come back to you. Sooner or later it comes to light. I always say all those guys out there, all those real estate brokers that I love doing wrong, it's going to come back out to you guys. No, absolutely.
Speaker 2:You always got to do it right by the client Always.
Speaker 1:I always tell everyone we're actually public figures. We're out there so much so we actually public figures. And anything you do us as real estate brokers, we real estate, real estate broke we're public figures, right, they're easy gonna be pointing at us. So best advice is to always do the right thing, especially if we're like, seen as public figures. Our face is all over social media, all over podcasts, um, all over you. You put one of our names on Google and we come up in so many pages because we're all out there. We got to be out there for our clients so they can know who we are, know that we're licensed and know the service that we give. So we're all out there. So us as real estate brokers and realtors, we're public figures. So just always have that in mind, guys, we're public figures. One of the hardest, hardest thing, right, you gotta always keep on the line, but keep on the line especially, you know the service that we provide to these clients, but you know they're not guilty till they've been proven in court, so see what happens.
Speaker 1:It goes from there and hopefully everything comes to the light you know, yeah, no, absolutely, I mean.
Speaker 2:Uh, going back to new york, I read another article here that it says new york city council has passed a historic zoning reform on December 5th. According to New York City Council website, it is expected to create over 82,000 new homes across the city, addressing the housing affordability crisis. The reform includes a $5 billion investment in the city for all housing plan, supporting affordable housing, homeownership and neighborhood infrastructure improvements. Additionally, the council passed legislation to legalize basement apartments and ancillary dwelling units, renew the J51 tax abatement program, improve transparency and affordable housing projects, update flood maps and sewer plans, support older adults aging in place. So, wow, they're doing a lot of investment I've been noticing that real estate is just.
Speaker 1:Every day is getting more interesting. Every day something new going on. We got to be up to date with that, and that's a lot of apartments yeah, I mean, we talked about it before, right?
Speaker 2:that, um, new york is just trying to find creative ways of how to get new housing in new york, because everyone wants to be here, right? New york is just trying to find creative ways of how to get new housing in new york, because everyone wants to be here, right?
Speaker 1:new york is. Uh, yeah, it's the land exactly like everyone pictures.
Speaker 2:A lot of people picture themselves from around the world coming to new york, living there, but the problem is there's not enough housing. And if they're, I agree, and the housing that's available, it's not affordable.
Speaker 1:It's in new york you see all types of races, to be honest, you come across all types of races and you see that new york, a lot of people all over the world, like you said, wants to come to new york, wants to be part of new york, and new york is the land to make good money.
Speaker 1:To be honest, it's expensive to live oh yeah it's definitely the land to to make good money and right. The lifestyle here is always like we're in a rush, we're running and you go to other places and you're like, wow, it's so light. It feels like Sunday every day.
Speaker 2:Yeah, relax, new York is not New York.
Speaker 1:It's like you better get to business, you better get things done and you better move, and another predator out there trying to get business. You know what I'm saying? It's like it?
Speaker 2:No, absolutely. I feel like if you go into any New York subway station and you see how everyone is. You basically get the atmosphere of New York.
Speaker 1:You get motivated when you go in the trains. You know, seeing everyone going early in the morning to get business done to make their living, you know it motivates you Because I used to go to school and when I was in high school I used to go to Wall Street. So when I used to go to I used to go from 149, from the Bronx to basically Fulton Street. You would see all types of business people going in those trains and everyone is going out there and you see that everyone's going out there and you see like it motivates you, like I got to go out there too in New York.
Speaker 2:Yeah, no, absolutely. When I went to Baruch in Manhattan for college, I remember that when we went into classes it was all business People got in and got out. Unlike other colleges that I was in, especially upstate in Orange County, I went to another college called San Thomas Aquinas, completely different, vibe, where it was like you're more talkative Every time, you just want to hang out with other, like hang out with other people, talk and do all of this stuff. And Baruch in the city, completely different. You're essentially just going in doing your work and getting out, that's it.
Speaker 1:Also, guys, we want to let you guys know Heidi is always available. Heidi buys with Orasco. Rates are dropping down dramatically right now drastically. So I will recommend you to reach out to Heidi. You guys know her information. We'll have it below. Reach out to Heidi to get pre-approved.
Speaker 1:It's a new year. I do recommend some of these family friends buyers Go reach out to Heidi, go get your and set some good goals for 2025. Every year, I think we all get motivated Like 2024 is my year, 2025. Every year, I think it's my year. You know we got to go out there, hustle, grind and provide for the family and that's what I would say Definitely want to give a message out to everyone, everyone that supports us. It means a lot to us friends, family that truly support us and always in contact with us and always referring us business. We get tons of referrals. We appreciate all those past clients. We appreciate all those friends, family that refer us clients. It means a lot to our team and we're here to assist and help anyone that has any real estate questions. Right? We answer all questions for free. By the way, feel free to comment, like and subscribe. And, guys, we really appreciate you guys so much. All right, wishing everyone. This is actually our last podcast.
Speaker 2:For this year.
Speaker 1:For this year of 2024. Wishing everyone a Merry Christmas and Happy Holidays, happy New Year, and wishing you guys wealth, health, right. Wishing you guys all the best in 2025.
Speaker 2:Yeah, and again, happy holidays. And, like Alex said, if you have any comments or questions, leave them in the comments below. We, like I said, if you have any comments or questions, leave them in the comments below. We had had people reach out and that's why we did things at the very start. So, yeah, please let us know any questions whatsoever and we'll answer them.
Speaker 1:And one last thing, guys, 2025 is going to be a big year. We actually have a big announcement for the first week of January. Our team is going to be making a big move. So you know how we were. Every year, we come up with something new. We always try to get better and explore to the best. And, guys, all my clients, we appreciate you. Guys. Happy New Year 2025. Happy New Year, take care.