Policy Chats Stan Oklobdzija: The History, Cause, and Impacts of the Housing Crisis
In this episode, Professor Stan Oklobdzija talks with a student from the UC Riverside School of Public Policy about the housing crisis.
About Stan Oklobdzija:
Professor Oklobdzija is a visiting Assistant Professor at UC Riverside's School of Public Policy. His research focuses on state and local politics with special attention to housing policy.
Learn more about Stan Oklobdzija via https://stanokl.github.io/
Podcast Highlights:
“The fundamental thing that defines housing markets in a lot of these job-rich centers in the United States is fundamental scarcity. For about the last 50 years or so, cities in America have not been building to meet demand and population growth.”
- Stan Oklobdzija defining the crux of housing shortages.
“If you have 50% of your wealth tied to a home (which the average American does), you're going to want to defend it at all costs. What do you do to defend it? You block competition. You own a scarce asset; that asset appreciates more rapidly than if it's a commonplace asset.”
- Stan Oklobdzija on the topic of homeowners and the motivation behind limiting housing production.
“Creating uniform standards, creating a buy right process of development, such that if you meet these certain conditions, your project gets approved. This is the way it's done across the developed world.”
- Stan Oklobdzija on the topic of government intervention and addressing the core issues of the housing crisis.
Guest:
Stan Oklobdzija (Professor of Political Science)
Interviewers:
Kevin Karami (UCR Public Policy Major, Dean’s Chief Ambassador)
Music by:
C Codaine
https://freemusicarchive.org/music/Xylo-Ziko/Minimal_1625
https://freemusicarchive.org/music/Xylo-Ziko/Phase
Commercial Links:
https://spp.ucr.edu/ba-mpp
This is a production of the UCR School of Public Policy: https://spp.ucr.edu/
Subscribe to this podcast so you don’t miss an episode. Learn more about the series and other episodes via https://spp.ucr.edu/podcast.