Meghan interviews housing market analyst Melody Wright about why purchasing a home has reached historic levels of unaffordability. A rising star on YouTube, Melody was on the front lines of the mortgage implosion during the Great Financial Crisis and has devoted the last few years to scratching beneath the surface of the affordability crisis in housing. Though low inventory remains a problem in many regions, you might be surprised to learn that in many parts of the country, new construction has saturated the marketplace and countless homes are sitting empty. Melody talks about how this happened, why the media doesn’t report more on it, and where she sees similarities to the run-up to the housing market crash in 2008. Plus, fun fact: did you know that the word mortgage is derived from the very old French legal term “death pledge?”
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