Episode Summary

Dive into the realities of NYC's multifamily market with Seth Glasser from Marcus & Millichap, as he breaks down how brokers turn distress into deals amid a 75% price plunge in rent-stabilized buildings since 2017. From career stories starting in the 2009 crash to critiques of policies like HSTPA causing 50,000 vacancies, this episode packs data, insights, and practical advice for navigating high cap rates and tax inequities.

Glasser's "Rental Housing Peace Plan" offers forward-thinking solutions like vacancy resets and tenant buyouts to boost supply and fund Legal Aid, emphasizing that bad markets fuel transactions. Whether you're a broker or investor, discover a-ha moments on political impacts and tips for young professionals to thrive in this personality-driven field.