Suzanne Miller | 05-25-26

Sid & Friends In The Morning

77 WABC

Sports, Comedy, News

4.2 • 827 Ratings

🗓️ 25 May 2026

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Suzanne Miller warns that restrictive legislative proposals and new taxes are creating a hostile environment for international investors in New York City’s residential market. She argues that targeting cash buyers and foreign capital through measures like the pied-à-terre tax will discourage the very people who sustain the local economy, potentially leading to a loss of secondary jobs in sectors like hospitality and retail. The conversation shifts from these economic anxieties to a more casual observance of Memorial Day, touching on local weather, beach closures, and the importance of honoring fallen soldiers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Sid and Friends in the morning.
0:03.4	Entertaining and informative on the Red Apple Podcast Network.
0:09.6	All right, Suzanne Miller.
0:11.4	Tell us what the heck is going on.
0:13.4	It's been transcribed.
0:15.3	One moment while I noticed.
0:17.3	Uh-oh.
0:17.7	Hi.
0:18.3	What happened?
0:19.0	There she goes.
0:20.0	I'm here.
0:22.0	Suzanne Miller on? Yeah, she's on. All right. I? There she goes. There she goes. Suzanne Miller on?
0:22.8	Yeah, she's on.
0:23.2	All right. I mean, I think that song, they played that song for you, but tell us, tell us what's going on in real estate.
0:30.9	And, you know, Bruce Moser told us about the commercial markets.
0:34.0	You tell us about the residential markets.
0:36.3	Well, what I really want to talk about, John, is all these new proposals that suggest that
0:42.0	outside capital is not welcome in New York. I have to tell you, John, I don't think the cash one's
0:48.1	going to pass the Pietater one will, but if you're a foreigner, and last year, 18,000 apartments were purchased, transactions closed of 60% were all cash.
0:59.2	So now we're talking about we don't want cash buyers in New York.
1:02.2	We don't want foreigners in New York.
1:04.5	You can't even get a mortgage if you're a foreigner.
	...

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