Kyle Hagee

We have a lot of listeners from outside of New York City, and they're probably thinking right now, wait, the tenant has to pay the broker fee? That is not how we do it. New York City was certainly an outlier in this regard. It goes back decades to when brokers were were the gatekeepers of the rental market.

And now that has been disrupted by online platforms like Street Easy, which was a big proponent of this bill. They threw a lot of their weight behind it. But yeah, this was very much an anachronism of New York City. What they just passed brings it in line with more of the national standard, which is that the person, the landlord who hires the broker to show their apartment

And now that has been disrupted by online platforms like Street Easy, which was a big proponent of this bill. They threw a lot of their weight behind it. But yeah, this was very much an anachronism of New York City. What they just passed brings it in line with more of the national standard, which is that the person, the landlord who hires the broker to show their apartment

And now that has been disrupted by online platforms like Street Easy, which was a big proponent of this bill. They threw a lot of their weight behind it. But yeah, this was very much an anachronism of New York City. What they just passed brings it in line with more of the national standard, which is that the person, the landlord who hires the broker to show their apartment

pays them, and the tenant is relieved of some of these thousands of dollars of costs that were prohibited. You know, many people have to save a bunch of paychecks just for the upfront cost, for the opportunity to live in the apartment, let alone rent that is among the highest in the world. The median rent for an apartment in New York City is $3,500 a month.

pays them, and the tenant is relieved of some of these thousands of dollars of costs that were prohibited. You know, many people have to save a bunch of paychecks just for the upfront cost, for the opportunity to live in the apartment, let alone rent that is among the highest in the world. The median rent for an apartment in New York City is $3,500 a month.

pays them, and the tenant is relieved of some of these thousands of dollars of costs that were prohibited. You know, many people have to save a bunch of paychecks just for the upfront cost, for the opportunity to live in the apartment, let alone rent that is among the highest in the world. The median rent for an apartment in New York City is $3,500 a month.

So this is a big win for renters and tenants who had pushed for this for a long time.

So this is a big win for renters and tenants who had pushed for this for a long time.

So this is a big win for renters and tenants who had pushed for this for a long time.

And we should say that tenants and renters can hire their own broker and pay as well. It's just if you don't hire one, you don't need to pay under this new law.

And we should say that tenants and renters can hire their own broker and pay as well. It's just if you don't hire one, you don't need to pay under this new law.

And we should say that tenants and renters can hire their own broker and pay as well. It's just if you don't hire one, you don't need to pay under this new law.

Welcome to Neil's Numbers, the segment where I share three stats from the week's news that will make your brain neurons light up like a neon sign in Vegas. My first number is $20, which is the most you'll pay for an item on Amazon's new storefront.

Welcome to Neil's Numbers, the segment where I share three stats from the week's news that will make your brain neurons light up like a neon sign in Vegas. My first number is $20, which is the most you'll pay for an item on Amazon's new storefront.

Welcome to Neil's Numbers, the segment where I share three stats from the week's news that will make your brain neurons light up like a neon sign in Vegas. My first number is $20, which is the most you'll pay for an item on Amazon's new storefront.

Yesterday, Amazon launched its highly anticipated competitor to Taimou, Shein, and TikTok Shop, the China-linked marketplaces that have surged in popularity by offering ultra-cheap clothing and accessories. Called Amazon Haul, Amazon's storefront can be found on its mobile app and hawks a variety of products across apparel, home goods, electronics, and more.

Yesterday, Amazon launched its highly anticipated competitor to Taimou, Shein, and TikTok Shop, the China-linked marketplaces that have surged in popularity by offering ultra-cheap clothing and accessories. Called Amazon Haul, Amazon's storefront can be found on its mobile app and hawks a variety of products across apparel, home goods, electronics, and more.

Yesterday, Amazon launched its highly anticipated competitor to Taimou, Shein, and TikTok Shop, the China-linked marketplaces that have surged in popularity by offering ultra-cheap clothing and accessories. Called Amazon Haul, Amazon's storefront can be found on its mobile app and hawks a variety of products across apparel, home goods, electronics, and more.

You can get $1 eyelash curlers, an iPhone case for $3, and a four-pack of Christmas socks for $7. But those prices require a very un-Amazon-like compromise. The company says it'll take one to two weeks for your purchases to get delivered, and you'll be charged a shipping fee for orders under $25. Kyle, Amazon is clearly feeling the heat from these ultra-discounted online stores.