Plain English with Derek Thompson

How the U.S. Housing Market Became Such a Dumpster Fire

Nov 1, 2022

Tracy Alloway and Joe Weisenthal, co-hosts of the Odd Lots podcast, dive into the chaos of the U.S. housing market. They discuss the ripple effects of skyrocketing mortgage rates and the rapid fall of rent prices. The duo reveals how the 2007-2008 financial crisis still haunts builders and buyers alike, while the pandemic has shifted housing demands dramatically. They dissect the tension between the Federal Reserve's policies and soaring home prices, offering insights into the complex dynamics of rental inflation and housing inventory.

46:06

Episode guests

Tracy Alloway

Joe Weisenthal

AI Chapters

Episode notes

Intro

3min

Housing Market Reflections

16min

The Housing Boom and Interest Rate Dynamics in the COVID Era

5min

Navigating the Housing Market Maze

14min

Understanding the Complexities of Rental Inflation and Federal Policy

4min

Skyrocketing mortgage rates. Rent prices falling by their fastest pace in years (from their highest inflation rate in decades). Buyers and sellers are freaked out. What the hell is going on with American real estate?Today is a very special crossover event, featuring one of my favorite finance podcasts: 'Odd Lots' hosted by Tracy Alloway and Joe Weisenthal. Most of what I think I know about the housing market is a river that flows from the headwater that is 'Odd Lots' and the online commentary of Tracy and Joe. So, this is a thrill for me. I hope it’s a thrill for you.

Host: Derek Thompson

Guests: Tracy Alloway and Joe Weisenthal

Producer: Devon Manze

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