[VIDEO] Chinese Housing Bubble Version of ‘The Truman Show’

April 29, 2015 | 9:31 am | nytlogo | TV, Videos |

To keep the sales going, developers in the massively bloated Chinese housing market are getting more creative. This NY Times short documentary is fantastic and surreal. I’d chalk it up to simply bizarre, if there wasn’t such a desperate undertone to it.

It reminded me of “The Truman Show” movie where everything Jim Carrey’s character saw was fake, made for him. However in the Chinese version, everyone knows it’s fake but embraces it.

With the massive oversupply, no wonder savvy Chinese investors are extracting as much wealth as they can and investing overseas in anticipation of that day of reckoning.

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VIDEO: Fox Business Risk & Reward w/ Deirdre Bolton 2-18-15

February 2, 2015 | 8:00 pm | foxbusiness | TV, Videos |

Always a pleasure to join Deirdre Bolton and talk housing.

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VIDEO: Fox Business Risk & Reward w/ Deirdre Bolton 12-31-14

December 31, 2014 | 5:42 pm | foxbusiness | TV, Videos |

Came into the city on the last day of 2014 to join Deirdre Bolton on her Fox Business show Risk & Reward to talk housing rents and 2015 with a dash of $50M+ sales in New York. Always fun.

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VIDEO: Fox Business Risk & Reward w/ Deirdre Bolton 12-11-14

December 26, 2014 | 2:31 pm | foxbusiness | TV, Videos |

Was nice to join Deirdre again to talk housing, specifically why rents are rising and buyers are falling.

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Economic Bubble Theory Using Bubbles

December 22, 2014 | 12:03 pm | TV, Videos |

MWbubbleEcon
[click on image to play video]

Ok, so I like making bubbles. Here’s a reason (or excuse) to watch some bubbles – tie it in with economic theory.

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VIDEO: Fox Business Risk & Reward w/ Deirdre Bolton 11-24-14

November 29, 2014 | 9:19 pm | TV, Videos |

Joined Deirdre Bolton to talk about the U.S. high end development residential market. We spoke about softness at the NYC high end and how the cooling of new development doesn’t speak for the entire high end market.

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[Video] Fox Business Risk & Reward with Deirdre Bolton 10-6-14

October 6, 2014 | 4:24 pm | TV, Videos |

I spoke with Deirdre Bolton on “Risk & Reward” today to speak about last weekend’s excellent New York Times real estate piece by Julie Satow called “Dialing it Down.” Deirdre focused on the metric developed during my preparation of last week’s Elliman Report of Manhattan sales in 3Q2014 showing that luxury inventory has doubled over the past year.

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Bloomberg Surveillance TV – Guest Host 9-25-14 : Housing and bendable iPhones

September 25, 2014 | 1:40 pm | bloomberg_news_logo | TV, Videos |

Was asked to guest host this morning for the 7-8am hour on Bloomberg TV’s Surveillance. Tom Keene, Scarlet Fu and Adam Johnson team up for a must-watch show every morning.

In the first clip we talk Manhattan Luxury market problems and records. In the second clip we banter about the bendable iPhone Plus and housing as an investment. These two articles likely prompted my invite:

NYC Luxury-Condo Buyers Await New Towers as Sales Slow [Bloomberg News]
NYC’s Most Expensive Condo to Be Listed at $130 Million [Bloomberg News]

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Bloomberg Surveillance TV – Guest Host 6-25-14

June 25, 2014 | 8:30 am | bloomberg_news_logo | TV, Videos |


UPDATE: above clip just added – expanded conversation.

Got to guest host an hour (6am to 7am) of Bloomberg Television’s Surveillance with Tom Keene, Scarlett Fu and Adam Johnson to talk housing. The above is just a couple of minutes of the hour (yes, you’re spared). We spoke about Case Shiller, New Home Sales, biting in World Cup Soccer, my fireman son using a GoPro in fires and LeBron/Carmelo’s real worth among other things. Like I said, we did talk housing.

Adam brought up a great point – while the economy is always characterized as 70% consumer driven, 16% of that is actually health care spending so the overall number is really 54%.

Very smart conversations (the topic of biting included). Always fun to join them.

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PIX11 TV Segment on Manhattan-Brooklyn Rental Report

June 13, 2014 | 8:28 pm | delogo | TV, Videos |

pix11rentalreport
[click to play]

Got a call yesterday from John Ford, a reporter for PIX11 regarding the publication of Douglas Elliman’s Manhattan & Brooklyn Rental Report I author for Douglas Elliman.

He’s a very nice guy and really listened to and presented the key findings of the report. Luciane Serifovic, Elliman’s Director of Rentals made a couple of good points as well. Fun!

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