Odd Lots

Daryl Fairweather On the Tax That Could Solve the Housing Crisis

Jun 13, 2022

Daryl Fairweather, the Chief Economist at Redfin, dives into the complexities of the U.S. housing market. She highlights the ongoing frustrations for both buyers and homeowners amid fluctuating prices. Fairweather proposes a land value tax as a potential solution to separate housing as a shelter from a financial asset, encouraging more equitable access. The conversation also touches on obstacles millennials face in achieving homeownership and how cultural attitudes towards property need to shift to address these challenges effectively.

43:17

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Episode guests

Daryl Fairweather

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Episode notes

Intro

3min

The Burdens of Homeownership

7min

Challenges and Perspectives in Housing Supply Dynamics

4min

Rethinking Property Tax: The Land Value Tax Solution

18min

Rethinking Homeownership in the Millennial Generation

4min

Navigating the Housing Market: Prices, Taxes, and Affordability

9min

Rethinking Housing Ownership

4min

Housing in the US is a constant source of frustration. On the way up, prospective homebuyers worry that they're missing out on their chance to jump on the housing ladder. On the way down, homeowners worry about losing their equity and their nest egg. So is there a better way? Is there a way to make housing more equitable, and to separate the investment component from the shelter component? On this episode we speak with Daryl Fairweather, the chief economist at Redfin, about a land value tax and how it could help us reposition housing so that it's less of a financial asset that spirals people higher, and blocks so many people out.

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