Unintended Consequences

Starter Homes, Electric Vehicles, and Poverty

Feb 14, 2024

The podcast discusses the unintended consequences of government regulations on housing, electric vehicles, and poverty. They explore how Dodd-Frank impacted small dollar mortgages, systemic racism in housing, and the complexities of electric vehicle cost-benefit analysis. The discussion also delves into tax policies, welfare programs, and challenges misconceptions on poverty and welfare systems in the US and Europe.

01:06:33

Creator website

Episode guests

Craig Richardson

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Profitability concerns limit access to small mortgages for potential homeowners.

Dodd-Frank Act compliance costs hinder small lenders from providing low-income individuals with mortgage credit.

Environmental regulations on electric vehicles lack thorough cost-benefit analysis, impacting regulatory efficacy.

Deep dives

Incentives shape economic behaviors around housing loans

In a discussion on housing loans, the challenges surrounding mortgages for lower-priced properties were highlighted. Despite having good credit, borrowers encountered difficulty securing loans below $100,000 due to profitability concerns for lending institutions, resulting in hurdles for potential homeowners and wealth building.

Introduction

3min

The Impact of Dodd-Frank on Small Dollar Mortgages

13min

Systemic Racism in Housing, Unintended Consequences, and Electric Vehicle Policies

4min

Unveiling the Complexities of Electric Vehicle Cost-Benefit Analysis

20min

Reframing Poverty: Tax Policies and Welfare Programs

22min

Challenging Misconceptions on Poverty and Welfare Systems

3min

Incentives matter, but they don’t care about your intentions. In this episode Paul and Peter start by talking with special guest and Truist Distinguished Professor of Economics at Winston-Salem State University Craig Richardson. He discusses how the federal government tried to prevent greedy banks from taking advantage of homebuyers but just ended up making it harder for first-time homebuyers, especially those from minority communities, to afford a house. They also discuss a review of Matthew Desmond’s book Poverty, by America, as well as efforts by the Biden administration to boost the transition to electric vehicles.

Featuring Peter Van Doren, Paul Matzko, and Craig Richardson

Hosted on Acast. See acast.com/privacy for more information.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Unintended Consequences

Starter Homes, Electric Vehicles, and Poverty

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Incentives shape economic behaviors around housing loans

Dodd-Frank regulations impact small dollar mortgage market

EV transition and the cost-benefit analysis for electric vehicles

Success sequence as a parameter for poverty rates

Tax and transfer programs' impact on poverty

Remember Everything You Learn from Podcasts