The Peter Zeihan Podcast Series I Hope You Didn't Want to Buy a Home || Peter Zeihan
7 snips
Apr 21, 2025 The podcast dives into the profound impact of Trump's tariff policies on the U.S. economy, with a spotlight on the housing market. Rising mortgage rates and construction costs are reshaping the landscape. Demographic shifts, especially the aging baby boomer generation, complicate the situation further. Younger generations face daunting challenges in finding affordable housing. The discussion paints a vivid picture of the current and future struggles in home buying.
AI Snips
Chapters
Transcript
Episode notes
Housing Costs Soar from Multiple Pressures
- Mortgage rates are rising due to increased deficit spending and retiring baby boomers liquidating assets.
- Tariffs and reduced migrant construction labor raise homebuilding costs, driving prices higher.
Boomers Holding Housing Supply
- Baby boomers are staying in their homes instead of downsizing, limiting housing availability for younger generations.
- New homes cost more due to expensive materials and labor, worsening housing supply and affordability.
Homeowners Win, Buyers Lose
- Existing homeowners benefit from inflation because it lowers the relative cost of their mortgage.
- First-time buyers face a harsh market with higher costs and financial barriers, exacerbating inequality.