This Week in Startups

Glenn Kelman on Market Trends, Home-Buying Hacks and Redfin Insights | E1871

Dec 27, 2023

38:49

Snipd AI

Glenn Kelman, Redfin's CEO, shares essential tips for entering the market, including concepts like 'developer homes' and 'accessory dwelling units'. He discusses the need for building homes and creative solutions to the housing crisis. The podcast also explores the impact of second homes on the market and emphasizes the importance of finding happiness and success within simpler goals.

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Quick takeaways

The current housing market in the United States is causing discontent among younger generations due to a lack of affordable housing, resulting in delayed family formation and a sense of discontentment among young professionals.

To address the housing affordability issue, it is crucial to increase housing supply by overcoming obstacles such as regulatory regimes, zoning restrictions, and environmental reviews, alongside efforts to tax unused land and provide stability in building loans.

Deep dives

Housing shortage creates discontent for young generation

The housing market in the United States is causing discontent among the younger generation due to the lack of affordable housing. Many young people are struggling to buy a home, despite having good jobs and dual six-figure incomes. The affordability issue is exacerbated by a four-decade low in housing affordability and a shortage of approximately five million homes. This has led to a delay in family formation and a sense of discontentment among the TikTok generation, as they struggle to achieve milestones like getting married or owning a home.

Considerations for buying a house in the current housing market

01:59

Recovery and Focus on Growth in 2024

02:02

Introduction

2min

State of the Residential Real Estate Market in the US

8min

Government involvement in housing and the need for collaboration between different groups

3min

Understanding Building Loans and Mortgages

8min

Trends in Housing and Living Arrangements

6min

Finding Focus and Addressing Pain Points

6min

Benefits of Open Phone and the Advantage of In-Office Cultures

2min

Trust and Abuse in Remote Work

4min

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Today’s show:

Redfin’s CEO Glenn Kelman joins Jason to discuss essential tips for entering the market (4:55), hacking the system with concepts like “developer homes” and “accessory dwelling units” (22:55), finding happiness and success within simpler goals (28:40), and more!

Timestamps:

(0:00) Glenn Kelman, CEO of Redfin, joins host Jason.

(2:13) Residential Real Estate Market: Current Trends and Analysis.

(4:55) First-Time Home Buyers: Essential Tips for Entering the Market.

(8:28) The dire need for building homes and other creative solutions to the housing crisis.

(10:21) Lemon.io - Get 15% off your first 4 weeks of developer time at https://www.Lemon.io/twist

(11:46) Looking at solutions for loans for builders and embracing the novel idea of taxing unused land.

(17:06) The second home phenomenon and it’s impact on the overall market.

(21:24 ) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST

(22:55) Hacking the system with concepts like “developer homes” and “accessory dwelling units”

(25:31) Redfin’s success and Glenn learning about what really matters to their customers.

(28:40) Simplifying your business and getting rid of side quests.