6min chapter

Animal Spirits Podcast cover image

Talk Your Book: The Carrying Cost of Crazy

Animal Spirits Podcast

CHAPTER

The Housing Market Is the One Thing That Has Gotten Broken

I think there's going to be a problem in the single family market for a long time to come. The growth of the adult population, population aged 18 to 64 of this country or the working age population has really slowed down to a crawl. I don't see any structural problems in this economy, but you're going to cause a sudden spike in the unemployment rate if we solve the great financial crisis with pandemic recession.

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