The Prof G Pod with Scott Galloway How to Repair America’s Broken Housing System — with Dr. Jenny Schuetz
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Nov 14, 2024 Dr. Jenny Schuetz, a leading economist and housing policy expert, dives into America's housing crisis. She discusses the complex interplay between economic factors, government policy, and wealth disparity. Schuetz highlights how young people struggle to achieve home ownership and start families due to rising costs and imbalances. The conversation touches on regional housing trends, the influence of private equity, and innovative solutions for affordability. Listeners gain insights into how the pandemic has shifted perceptions of homeownership and the evolving demands of the housing market.
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Broken Housing System
- America's housing system is broken due to difficulty building more housing, especially in high-demand areas.
- The main challenge lies in the politics of local control over housing production, where neighborhood residents resist new development.
NIMBYism
- Resistance to new housing, often called "NIMBYism", might be less common than believed.
- While vocal and politically influential, NIMBYs may not represent the majority, who may be open to more growth.
Diversify Housing Types
- Diversify housing by allowing townhouses, ADUs, and apartments in single-family home zones.
- Revisit dimensional requirements like building height, setbacks, and parking to increase feasibility.
