The Julia La Roche Show #252 Melody Wright: The U.S. Housing Market Is In A Massive Bubble
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Apr 29, 2025 Melody Wright, a writer and technologist with expertise in the housing market, dives deep into the current U.S. housing bubble. She debunks the myth of inventory shortage and reveals that March home sales dipped below 2008 levels amid population growth. Melody discusses Wall Street's influence, the surge of short-term rentals like Airbnb, and the ongoing effects of the 2008 crisis on today's market. With insights from her extensive road trip across America, she hopes to shed light on the struggles of millennial homebuyers seeking affordability.
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Massive Bubble in Housing Market
- The current U.S. housing market is the worst in lifetimes, with sales lower than 2008 despite population growth.
- Hyper-financialization and rampant speculation have decoupled housing prices from incomes, creating a massive bubble.
Wall Street and Airbnb Impact
- Wall Street bought up foreclosed homes post-2008, turning many into long-term rentals.
- Airbnb and short-term rental saturation have created inflated and often vacant housing markets in many towns.
Housing Inventory Is Underreported
- Real estate platforms and MLS databases underreport true housing inventory.
- Many homes are sold privately or through non-traditional channels, obscuring true market availability.