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Masters in Business

Jonathan Miller on the Real Estate Industry (Podcast)

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 30 April 2021

⏱️ 109 minutes

🧾️ Download transcript

Summary

Bloomberg Opinion columnist Barry Ritholtz speaks with Jonathan Miller, president and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut who performs court testimony as an expert witness, and holds the Counselor of Real Estate (CRE) and Certified Relocation Professional (CRP) designations. He is also an "Appraiser A" member of the Real Estate Board of New York and a former two-term president of Relocation Appraisers and Consultants (RAC).

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Transcript

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0:00.0

This is Mesters in Business with Barry Reynolds on Bloomberg Radio.

0:08.4

This week on the podcast, I have an extra special guest.

0:11.8

Jonathan Miller returning champion returns for his fourth appearance to talk about housing

0:17.9

and all the craziness that is going on.

0:20.2

We discuss is housing in a bubble?

0:23.6

Are we looking at the death of cities?

0:25.4

This can happen with urban real estate from both a residential and a commercial perspective,

0:32.3

just everything involving real estate.

0:34.6

And we talk about something that you may not be aware of.

0:39.3

But as someone who runs one of the larger real estate appraisal and data analytics firms,

0:44.7

he's been very influential in this space, discussing systemic racism that's built into the real

0:50.8

estate market, both from a realtor and an appraisal basis how a lot of the industry groups are

1:00.4

in his terms.

1:01.7

Like me, he said, they're white, they're male, they're older, they have not been appealing

1:07.8

to a more diverse crowd.

1:11.0

And a lot of people in those industries are aging out.

1:14.6

And so the why the appraisal groups and why the realtor groups have been so far behind

1:21.6

the curve that they're starting to be subject to a whole lot of external pressure to become

1:29.6

more diverse, to bring in more women, more people of color onto the groups that oversee

1:37.4

the industry.

1:38.4

And Jonathan's been very influential in that space.

1:42.2

He has applied a lot of pressure both to the appraisal group and the real estate group.

...

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