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The Pomp Podcast
#1283 Kevin Erdmann | National Emergency for Affordable Housing Is Here
Dec 13, 2023
Kevin Erdmann, analyst focusing on the US housing market, discusses solutions and the federal reserve's impact on housing affordability. They also cover topics like lack of housing supply, institutional ownership of single family homes, challenges of municipal planning, and where to find the guest's books.
46:22
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Quick takeaways
- Underbuilding in close access cities has led to cyclical migration patterns and a housing affordability crisis.
- The focus should be on making the housing market more flexible and removing barriers to construction to meet the demand for affordable housing.
Deep dives
Understanding the US Housing Market
Kevin Erdemann, an analyst specializing in the US housing market, breaks down a new framework for understanding the housing bubble, financial crisis, and costly housing markets. He emphasizes that the primary reason housing is unaffordable in America is due to a lack of supply caused by not building enough houses for 30 years straight. This supply-demand imbalance has led to high rents, which in turn drive up housing prices. Erdemann's research focuses on the concept of closed access cities, where fewer homes are permitted to be built compared to other major metropolitan areas. This limited supply leads to cyclical migration patterns as residents move to areas with more housing options. He also highlights how zoning rules and regulations have hindered the development of cities and made it difficult to address the housing shortage.
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Discover
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