UrbanDigs on Inman TV
A: Brad Inman, founder of Inman News, has a long history of success. I am lucky enough to have met Brad a few times in the past few months and take part in his new InmanTV show which includes interviews with great bloggers such as Jonathan Miller of the Matrix, Rudy & Joe of Sellsius, Lockhart Steel of Curbed, Jonathan Butler of Brownstoner, Pat Kitano of Transparent RE, Matt Heaton & Jonathan Washburn of Active Rain, etc.. This interview was taped about 3 weeks ago so try to put yourself back into time & place when listening to my responses, although they haven't changed much. Enjoy!
Posted by Mike
Fri Jun 15th, 2007 08:36 PM
Great stuff Noah, congrats on all your success and sorry about your loss. Keep chugging away and you are going to be do great.
Posted by Noah
Fri Jun 15th, 2007 09:11 PM
thanks Mike on both fronts!
Posted by jf.sellsius
Fri Jun 15th, 2007 10:46 PM
Great interview Noah. It was great to be there with you while it was going down.
Posted by sydney
Sat Jun 16th, 2007 12:25 AM
Excellent and concise interview. Understand that your focus is on Manhattan real estate, but where do you see the real estate market for the outer Manhattan boroughs going?
Posted by Noah
Sat Jun 16th, 2007 08:20 AM
Thaks Joe!
Sydney - Hard to genaralize that much because real estate is a very local phenomenon but outside Manhattan there are some supply issues and lending issues going on that lead me to think most markets that had a great runup the past 4-5 years will have a few down years with desperate sellers who MUST sell fast getting hurt.
It'll take time to get through inventory levels outside Manhattan for a more stable sustainable growth trend in housing appreciation.
Posted by michael
Sat Jun 16th, 2007 10:55 AM
Glad to have you back...hope everything is ok.....
Im still hoping that manhattan will come down but it doesnt sound like it from this interview????
Posted by Jonathan J. Miller
Sat Jun 16th, 2007 03:41 PM
Noah,
Great interview and insights. Its exciting to think that 100% of your business is coming from your blog. Of course its no surprise either since its one of the best around.
Posted by Caitlin
Sun Jun 17th, 2007 12:22 AM
Noah, You sounded really sharp and on point throughout! Bravo! I agree with JJM above - Urbandigs.com is best in class. There is no doubt in my mind that you will eventually be approached by a publisher for a book or syndication (e.g. a WSJ column).
PS - I'm eternally grateful you recommended that buyers lock their rates in mid-May. I may not have been able to buy had I not heeded your advice. THANK YOU NOAH!
Posted by Noah
Sun Jun 17th, 2007 08:26 AM
JM - Thanks a bunch. Hearing that from you means a lot!
Caitlin - GREAT to hear!! What rate did you lock in? How much lower was it? Nice to see that a reader actually saved money by reading and now learning what I am discussing here!
Michael - Expect a seasonably slow summer here in Manhattan with little options as inventory remains tight. With higher rates, you should get more control over bidding and pricing!
Thanks to the rest of you guys as well. I just got back and am crazy busy trying to catch up for lost time, so while I dont respond to every comment, I read them all!
Posted by Caitlin
Sun Jun 17th, 2007 10:06 AM
Hi Noah. We locked in 6.125 for 7 year ARM Jumbo on a COOP which is 30% rent controlled - no small trick! Planning to refinance to a 30y fixed once as soon as we are able (and the market conditions are right). We were looking place that would tide us over for a 5-7 years. This is a home we plan on living in for 15-20 years! Thanks to Urbandigs!