Stand Up! with Pete Dominick 1554 Barry Ritholtz , Jonathan Miller and Colby Hall + News and Clips
Two Divergent War Economic Scenarios Drive Market Risk
- Best-case geopolitical outcome is limited: protesters spark change, oil falls to ~$75 and economy avoids recession; Barry rated that outcome as low probability.
- He contrasted it with a worst-case months-long war pushing oil to $200 and triggering global recession.
Why Hyperlocal Housing Indexes Beat City Averages
- Hyperlocal housing indices give far more actionable insight than citywide averages because markets vary by bedroom count, price tier, and neighborhood.
- Jonathan Miller described StreetMatrix dividing cities into 300+ subsets and backtesting to show its accuracy versus lagging indexes.
In A Slow Market Face To Face Service Reclaims Value
- Face-to-face sales roles (like real estate agents) regain value when markets slow because buyers need handholding and expertise.
- Jonathan noted commissions rise in slow markets because sellers and buyers demand more agent time and skill.
Join us in Vegas for Podjam 3!
Barry Ritholtz 31 minutes
Jonathan Miller 1:28
Colby Hall 2:42
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How Not To Invest: The ideas, numbers, and behaviors that destroy wealth - and how to avoid them
The GREAT Barry Ritholtz who has spent his career helping people spot their own investment errors and to learn how to better manage their own financial behaviors. He is the creator of The Big Picture, often ranked as the number one financial blog to follow by The Wall Street Journal, New York Times, and others.
Barry Ritholtz is the creator and host of Bloomberg's "Masters in Business" radio podcast, and a featured columnist at the Washington Post. He is the author of the Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy (Wiley, 2009). In addition to serving as Chairman and Chief Investment Officer of Ritholtz Wealth Management, he is also on the advisory boards of Riskalyze, and Peer Street, two leading financial technology startups bringing transparency and analytics to the investment business.
Barry has named one of the "15 Most Important Economic Journalists" in the United States, and has been called one of The 25 Most Dangerous People in Financial Media. When not working, he can be found with his wife and their two dogs on the north shore of Long Island.
Jonathan Miller is the Director of Markets for StreetMatrix, a real-time home price index series used by the financial services sector to track local, regional, and national housing markets in the United States. I'm also the President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm I co-founded in 1986. For 32 years, I authored a series of market reports for Douglas Elliman Real Estate, considered the "report of record," which accounted for 50% of their media coverage. My market reports analyzed the New York City metropolitan area, Boston, parts of Florida, California, Texas, Connecticut, and Colorado that were relied on by the media, financial institutions, and government agencies, including the Federal Reserve, Internal Revenue Service, U.S. Department of Housing and Urban Development, the NYC Office of Management and Budget, and others.
I am an Adjunct Associate Professor of Architecture, Planning, and Preservation in the Master of Science in Real Estate Development (MSRED) Program at Columbia University, where I teach market analysis. I've guest lectured at institutions including New York University, Harvard University, The Wharton School of the University of Pennsylvania, Columbia University, and Drexel University, and am also a New York State Real Estate Instructor for qualifying and continuing education courses and a New York State Real Estate Appraiser Instructor for qualifying certified general and continuing education courses.
I co-authored a research paper for NYU School of Law and the NYU Wagner Graduate School of Public Service's Furman Center for Real Estate and Urban Policy titled The Condominium v. Cooperative Puzzle: An Empirical Analysis of Housing in New York City, published in 2007 by the Journal of Legal Studies at the University of Chicago. Back in 2010, I developed pending home sale indices for the Washington, D.C., and Baltimore metro areas, and Central Pennsylvania, on behalf of Bright MLS, one of the largest multiple listing services in the U.S.
One of my favorite activities is serving on the New York City Mayor's Economic Advisory Panel, representing the residential real estate sector, and the New York State Budget Division Economic Advisory Board. I've also participated in valuation studies with academic institutions, including New York University, Princeton University, Columbia University, and Baruch College. I participated in and co-authored an epic research paper as part of the Urban Land Institute Advisory Services for the city of Norfolk, VA (its flooding problems are getting worse). I also authored a white paper for One Fine Stay, a hospitality brand owned by AccorHotels, titled "The Future of Luxury New Development in New York: Leaving $1 Billion on the Table."
In the valuation world, I am a state-certified real estate appraiser in New York and Connecticut, and I provide expert witness testimony in various local, state, and federal courts. I hold the Counselors of Real Estate (CRE) designation. I am also an Appraiser "A" Member of the Real Estate Board of New York and a former two-term President of RAC, a premier appraisal organization whose members focus on complex residential properties for relocation, litigation support, testimony, and reviews. As a result of my extensive writing and investigative research on this Housing Notes platform, I brought public attention to the misconduct of two key institutions in the appraisal profession: The Appraisal Foundation and The Appraisal Institute. As a result, I became an expert witness for the Appraisal Subcommittee at FHFA in Washington, DC, which aired for three hours on C-SPAN in 2023. One memorable thing that came out of my appearance was the birth of my fourth grandchild during the session.
On the personal side, I'm clearly a homebody and love hanging out with my wife, whom I met in college in 1980, greasing donut trays at 5:30 am at the student bakery, a part of the second-largest non-military cafeteria in the world, located at Michigan State University. There is nothing better than when any of our four sons and their significant others, including the grandchildren, are in town. For our fortieth wedding anniversary, my wife and I went to Antarctica (perhaps I'm not a homebody?) While I'm at it, a couple of formative childhood adventures: At 12 years old, I climbed to the snow line of Mt. Kilimanjaro (leadership said I was too young to summit - boo!) In middle school, I traveled to the Soviet Union on a study abroad program before the wall fell. When I was a teenager and before I got my driver's license, I rode my bicycle from Oregon to Virginia in the summer of 1976, carrying all my gear (my parents claim they gave me a one-way airplane ticket to fly across the US, and I came back!) At age 25, I co-founded Miller Samuel because I didn't know any better. In my offline hours, I love to read, explore new music, try to make snow, attempt to catch lobsters, and endeavor to connect to my backyard birdhouse camera from whatever airplane I happen to be flying on.
Colby Hall is the Founding Editor of Mediaite.com. He is also a Peabody Award-winning television producer of non-fiction narrative programming, became a media contributor to NewsNation in March of 2023. He is also a former Creative Director who launched iHeartRadio's original video offering.
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