Episode 98: End of Year Wrap Up & 2024 Prediction with Justin Rubinstein of Compass NYC
My good buddy & industry leader Justin Rubinstein comes onto the Real Takk Pod to catch up on the real estate world of 2023, and what he looks forward to in 2024.
Justin's favorite social media platform is Linkedin, so give him a follow here!
Topics Covered:
Favorite social media platform of the year?
Favorite podcast of the year?
Favorite new development project of the year?
Favorite re-sale project of the year?
Favorite Deal of the Year?
A personal highlight of the year?
Trip of the year?
NYC Restaurant of the year? Cochina Alba in West Chelsea
1. The Biggest Winners in Real Estate 2023 (I.e. Related projects in NYC, NYC landlords achieving high rents, Jerome Powell, Sheldon Solow's Son, etc.)
2. The Biggest loser in Real Estate 2023 (i.e. Manhattan office market, due to high vacancy, first time home buyers with the high interest rates, the government, rent stabilized landlrods,)
3. The Biggest Winner in Business, not real estate related 2023 (Black Friday shoppers, auto dealers, home builders, breweries, wedding venues, etc.)
4. The Biggest loser in Business 2023 (Elliman, Compass stock, SBF, Harvard, etc.) high end liberal arts colleges (re-edit)
5. The Biggest real estate surprise in 2023 (I.e. rapid raise in interest rates, how inflation impacted the feds strong response, etc.) in elasticity of the market
6. The Best new trend in real estate (i.e. influencers in real estate, tiktokers being real estate agents, increase of home ownership, more millennials in the market for purchase, etc. )
8. The Worst Trend in Real Estate 2023 (i.e. rise of mortgage interest rates, trillions of wealth wiped off the NASDAQ & stock market, etc.)
9.Predict the biggest winner in real estate in 2024: (i.e. Stephen Ross b/c he may win the superbowl, the city of Aspen who seems to be recession proof, Texas, etc.)
10. Predict the biggest loser in real estate in 2024: (i.e. Compass Stock, Multi family market, old condos, pre-war coops, DC real estate, etc.)