The Prof G Pod with Scott Galloway What Role Does Airbnb Play in Housing Affordability? The Danger of Microplastics, and Raising American Kids in the UK
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Jul 17, 2024 Explore the impacts of Airbnb on housing affordability as rising regulations loom. Delve into the alarming dangers of microplastics and their health implications, highlighting the need for corporate accountability. Additionally, enjoy humorous insights on raising American children in the UK, from cultural differences to education quirks. Each topic is packed with thought-provoking discussions and practical advice.
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Solving the Housing Crisis
- Increase housing stock by implementing federal legislation or funding to incentivize construction and permitting.
- Address the transfer of wealth caused by Airbnb by ensuring it pays taxes, similar to hotels, and use that revenue to fund more housing.
Airbnb and Housing Affordability
- Airbnb is being scapegoated for housing unaffordability, though it does shift wealth from renters to travelers.
- The core issue is the lack of new housing construction due to restrictive regulations and insufficient incentives.
Mom's Condo
- Scott Galloway's mother's condo appreciated significantly over time, demonstrating how homeownership can act as a forced savings plan.
- This forced savings helped her retire comfortably, highlighting the economic and psychological benefits of homeownership.