This Week in Startups cover image

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.
Read more

Podcast summary created with Snipd AI

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.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode