When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Sunday, December 21, 2014
Jonathan Miller, Real Estate Expert, Barry Ritholtz Interview
“Masters in Business” podcast: Barry Ritholtz interviews Jonathan Miller, co-founder of Miller Samuel. He blogs at the Matrix Blog and is also a Bloomberg View contributor. He is an expert on real-estate appraisals and transactions, and runs one of the larger appraisal firms. He has created a variety of real-estate data analytics for various regions as well as nationally. He is also sought after as the go-to appraiser for many of the most expensive penthouses in Manhattan. Miller notes that all housing is local, but credit is national. This explains the differences between the middle-class housing market, driven primarily by access to credit, and the high-end one, which has become an almost all-cash market.
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