Ryan Serhant foresees a major luxury housing market shift in New York Citys near future. The star of Netflixs Owning Manhattan told Bloomberg that he believes the city will be the pied--terre capital of the United States by 2030largely because of hybrid and remote work.In the interview, Serhant acknowledged that many employers have mandated that their workforce return to the office, but many people are not commuting in five days a week. Our strongest markets aren't urban markets, he said. Urban markets are coming back, but theyre becoming pied--terre markets.Related StoriesApart from New York City, Serhant added, Everywhere else, people are moving. Theyre willing to commute if they don't have to be in the city on, let's say, Mondays or Fridays.Serhant went on to reveal that his New York City-based luxury real estate brokerage just opened an office in Georgia and plans to expand west. He didnt expect to grow his company, which he started in 2020, so quickly. Theres strong demand for property everywhere as people diversify assets and youre seeing interest rates come down, he said.The thought of New York City becoming continually filled with secondary residences didnt sit well with folks who saw the interview on TikTok. So hes excited about an entire city of empty apartments instead of actual New Yorkers inhabiting them, one person commented.Another wrote, Bro sells real estate to the richest individuals in the world. There will always be demand from them to acquire more assets. His opinion completely disregards those living paycheck to paycheck.Others already thought New York City was the pied--terre capital of the U.S. and are seeing that growth themselves. Hes right, one person wrote. Most people arent in the city full time anymore.Beyond the prediction itself, many people were simply not pleased with Serhants use of the term pied--terre because they werent aware of the definition or thought saying second home would suffice.Follow House Beautiful on Instagram and TikTok.