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Teenagers Launch 'Realer Estate' Website to Tackle NYC Housing Crisis

CBS New YorkDecember 5, 20252 min48,288 views
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Innovative Solution to Housing Crisis

  • πŸ’‘ Becket Sahiti and Derek Webster, both 17, have developed a website called Realer Estate to address New York City's housing crisis.
  • 🎯 Their platform aims to make affordable and rent-stabilized units more accessible to everyday New Yorkers.

Realer Estate Platform Features

  • πŸ’» Realer Estate combines public data with real estate listings to help renters identify rent-stabilized apartments and units below market value.
  • ⚑ The website streamlines the complex and time-consuming process of finding housing in NYC.
  • πŸ“§ Derek Webster built an email automation system to alert users when new properties matching their preferences are found.

Personal Motivations and Future Plans

  • 🏠 Becket Sahiti was motivated by his personal experience trying to help his father find affordable housing after his parents' divorce.
  • πŸ“š The teens learned about the housing crisis's gravity in their 11th-grade economics class.
  • πŸ› οΈ They are exploring additional features, including information on government assistance programs for homeowners.
  • ✨ The founders are dedicated to helping as many New Yorkers as possible navigate the challenging housing market.
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Transcript9 segments

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What’s Discussed

Affordable HousingNew York CityHousing CrisisRent Stabilized ApartmentsReal Estate ListingsWebsite DevelopmentEmail AutomationGovernment Assistance ProgramsTeen Entrepreneurs
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