Tonight's episode of Selling New York

Who cares?

I think:

1) Parul came off better than most brokers on the show, who typically come off as some combination of superficial / cheesy / idiotic-sounding.

2) If you're looking for a place to close at $8500, you should definitely be looking at places listed at $9500. Ending up with a place that is 10% off ask is not that uncommon. I did 12.5% off ask at my current place, just helped a friend who ended up the same, the two at very different price points.

3) They didn't get a very good deal. Typical of fresh-off-the-boaters without guidance.

4) If you're going to spend $100K on rent, you should be able to scrape together $100K cash at a moment's notice no problem. You're overspending / overexposed if you cannot.

Great deal for landlord. Assume an after tax return on the 105k of 5% = 5.25k or $437.50 per month which brings effective rent to $9,187.50. Plus the added bonus on not having to wait every month for rent checks, late payments, default, etc. plus removing some leverage that the renter had by not paying rent if something is wrong with apartment.

The proper monthly rent should have been $8,250 (99k upfront) to make sense to renter.

If you're going to spend $100K on rent, you should be able to scrape together $100K cash at a moment's notice no problem. You're overspending / overexposed if you cannot.

where did this come from? Here, hold my 100k my arms hurts?
Moving costs, fixing costs, new town costs

I just had a thought. Could these renters on that show be the same OP who is coming here to be an adult student or do they have three large dogs? No? OK.

The vast majority of clients on the show are close personal friends of the brokers.

"friends of the brokers". Hmmmm. First stage the apartment and then stage your career for the camera. Everything seems relevant.

Friends of the brokers, I get it. First stage the apartment and next stage your career for the camera. Everything is relevant.

"where did this come from? Here, hold my 100k my arms hurts?
Moving costs, fixing costs, new town costs"

I think $100K for housing is a ridiculously deep in the category of "discretionary spending". Stoopid money. Not exactly the sort of thing anyone has good reason to be doing within the framework of a month-to-month existence. I'm interested in hearing your income/spending/savings scenario of a financially-prudent person that spends $100K on housing but does not have $100K in readily-available liquid assets.

Weird, the first one disappeard and then duplicated. Take your pick.

"a financially-prudent person that spends $100K on housing but does not have $100K in readily-available liquid assets."

Yeah, it looks like the bubble is going retro. What did the renters do, sell their Enron stock? I never seem to catch this show when it's on and I guess it's all for the best.

Ya also gotta love the fact that Parul said that all brokers have a few hours scheduled for floor duty throughout the week to take walk-ins. Amazingly enough, a wealthy gent wanders in with a significant apartment budget and in a case of pure serendipity is free to look at apartments that very afternoon (I'm sure most brokers on this site would probably agree that all their clients have unlimited free time). Also perfect is that she is able to them set up appointments for that afternoon (guess everyone's schedules are as flexible as theirs). And - shock of all shocks - the cameras just HAPPEN to be filming at Core when this all happens. What luck! Glee and Joy for everyone!

Note to brokers who are unsuccessful: Perhaps if you ask a camera crew to follow you around all day rentals and sales that defy logic will absolutely fall into your lap...I see it every week on TV!!!!

No one has picked up on the fact that Perul's client had been living in "corporate housing." There is a fair chance that his housing is being subsidized by his employer and it was the employer who coughed up most if not all of the $100K.

All-in-all Perul came across WAY better than any CORE broker ever has on the show. She wasn't overbearing and didn't say anything that generated a gag reflex in me. The Kliers, who I usually find generally likable in their odd way, did trigger the reflex once in me tonight. The daughter goes on a jag about 2/3 of the way through the episode about "protecting clients" after having done absolutely nothing to protect anyone. The Gramercy Park managing agent gave her client the wrong board package which said no dogs. Had the Kliers done nothing at all here, the client still would have been able to have the big dog in the building since the building actually permits dogs. The Kliers apparently did nothing but get the managing agent to provide the correct package. Since the board wouldn't have rejected the client even with the dog, no one was "protected" by an agent here. I just hate agent speak and this was the kind of unresponsive blather that drives me a little nuts. The agent would have done better to say something more like: "Part of our job is to make the sometimes ponderous or difficult aspects of purchasing an apartment easier for the client. We iron out the bumps in the road as part of the service we provide. From helping them fill out long forms like the board package, to straightening out any mistakes by the managing agent or others, our expertise in these transactions helps them go more smoothly and less stressfully for our clients."

All in all not a bad episode, huh?

>and didn't say anything that generated a gag reflex in me.

Imagine going through life knowing that someone could say something at any time that could cause you to gag reflexively.

That seems worse that having to cross 14th street, which at least is voluntary.

>The agent would have done better to say something more like: "Part of our job is to make the sometimes ponderous or difficult aspects of purchasing an apartment easier for the client.

I'm going to have to be a bit NYCMatt here and tell you this is exactly why no one wants to watch you on TV... ponderous?... have you ever heard someone use that word on television?

KW, highlight of the episode: "San Francisco is beautiful, this is Manhattan. They gotta get roughed up a little bit here y'know."

ino: yes--best line of the 1/2 hour.
hunter: what? I'm not on television. you're so confusing.

nada, when you help your friends, do you intentionally seek out property that is well above market, so any discount you negotiate makes you look like the big swinging dick you wish you really were?

is it how you try and pick girls? "hey baby, come home with me and ill negotiate you the hottest renewal"

>hunter: what? I'm not on television. you're so confusing.

You aren't on TV, but you suggested that someone be on TV and use the word "ponderous" in a sentence.