The BIGGEST Problem In The Housing Market | SOLVED

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Housing affordability is sitting at the WORST levels in history while housing supply remains a HUGE issue . Is there a way to fix housing affordability in the United States? What does the future of house prices look like? Where is housing inventory headed? In this episode, we dive into the housing market and housing affordabiltiy with American Enterprise Institute Housing Center co-founder, Ed Pinto to help you become The Educated HomeBuyer.
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Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
➡I N S T A G R A M ➳ / jebsmith
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Josh Lewis (Huntington Beach Certified Mortgage Expert)
NMLS ID: 234220 | CA DRE: 01209148
United American Mortgage | NMLS ID: 1942
➡I N S T A G R A M ➳ / borrowsmartjosh
➡Y O U T U B E ➳ / buywiseborrowsmart
🙏 If you found any value today, please be sure to like, share rate and review us - Follow us on social media - Thanks for listening.

Опубликовано:

14 окт 2024

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Комментарии : 30

@karindelgado1541 5 месяцев назад

Great podcast; learned so much (as always). I enjoy your podcast; keep them coming. Thanks.

@TheEducatedHomebuyer 5 месяцев назад

Thanks for listening and appreciate the support.

@wilrgds 5 месяцев назад

Great guest !!

@TheEducatedHomebuyer 5 месяцев назад

Glad you enjoyed it. Certainly a different perspective from much of what is out there.

@southseattle85 5 месяцев назад

Great info shared! I’ve lived in Seattle all my life and for the past 4-5 years all you see is large apartment complexes being built within king county. I hate it here… if you don’t mind being a renter for life, move here.

@TheEducatedHomebuyer 5 месяцев назад

Appreciate the support................unfortunately Seattle is a lot like where we are in OC, it's built out which means it's difficult to come in and build SFR's as there is little to no land...............builders being builders want to maximize price so they build up which as you mention isn't ideal.

@MaddieBr 4 месяца назад

Sorry, there is no shortage of land! Maybe not in the SF Bay Area, but have you ever flown from SF to LA? The problem is over-regulation and excessive fees, which forces development into expensive areas.

@TheEducatedHomebuyer 4 месяца назад

Except there is virtually no development in expensive areas due to lack of land….there’s a reason why Sacramento is cheaper than San Jose. More land, further from the places people “want” to be. Most Californians have driven the 5 Freeway from SF to LA and seen hundreds of miles of open land. Doesn’t mean anyone wants to live there. Development costs are absolutely excessive and reducing them must be part of the solution, but supply and demand in the form of land scarcity along the coast and in the major cities is the biggest driver of high home prices.

@joeselkey4404 5 месяцев назад

Fascinating and illuminating! The business of home building and selling has quite a history.

@TheEducatedHomebuyer 5 месяцев назад

It definitely does.............actually learned quite a bit myself in this conversation.

@alexbearhayden 5 месяцев назад

This show is incredibly invaluable 👏🏽

@TheEducatedHomebuyer 5 месяцев назад

Ed is a trusted resource for both of us. Glad you enjoyed the content. It's long but we thought very valuable.

@cjenkins79 5 месяцев назад

As someone who has studied zoning at the graduate level the speaker while correct in the past misunderstands the current situation. Understand that the guest speaker is essentially saying allow multi family development on single family zoned lots to allow the building of more units. That though also reduces the amount of single family homes available. So essentially he’s telling people complaining about affordability to buy a condo. He’s using the sleight of hand by labeling it a townhome but again it’s a multi family dwelling. The fallacy is that most city have tons of space for more multi family units already. The development however is limited to the demand. . So as you convert single family homes to duplexes for example you now have less single family homes. What do you think is going to happen to the value of the fewer single family homes? The end result of his logic is to put everyone in a multi family unit. Now I’m not saying he’s wrong but be clear about the argument.

@TheEducatedHomebuyer 5 месяцев назад

Not sure how much clearer he could have been. You seem to have understood him perfectly. He basically told Jeb and I that we're dumb for thinking California is different and we need to allow greater density. For densely populated areas, those are the choices we have currently. It's either more homes on infill lots or the government will continue to dictate "affordable housing" in the form of high rise apartments. A townhouse built 4 on a lot will always be more desirable than renting in a high rise. At the end of the day, you can't have everything. Land is scarce. If zoning protects building only SFR's, they're going to be really expensive in densely populated areas. Thanks for watching.

@cjenkins79 5 месяцев назад

@@TheEducatedHomebuyer I agreed with Jeb and most of this. I think the shady part was that he was talking about affordability but ALL of his proposals will make single family homes more expensive. As you mentioned land is scarce. The real answer is unlocking additional land. For example if we had a more efficient/quicker way to get to the suburbs then we could build more houses further out. But don’t try to be some pseudo intellectual when your answer is simply “live in a more dense multifamily unit”

@angleazero1275 5 месяцев назад

Thousand thank you for inviting this gentleman to your channel.

@TheEducatedHomebuyer 5 месяцев назад

Thanks for listening and the support.

@Daveyjonesvi 5 месяцев назад

We need to be able to build multi use housing. Single family houses are very inefficient to meet housing needs. We need town homes, apt buildings, 3 story mixed use buildings, condos etc. Regardless of house costs, rents need to come down. Rental complexes are cheaper and more efficient to house more people. Edit: I like this guy

@TheEducatedHomebuyer 5 месяцев назад

Ed is a super smart guy who spends all of his time thinking of how to increase affordability AND then taking the message and the data to folks who can actually implement the changes. Glad you enjoyed the conversation!

@alexreed9148 5 месяцев назад

Wow this was a very educational video. I learned a lot from this guest.

@TheEducatedHomebuyer 5 месяцев назад

very insightful, right? Thanks for the support.

@Scrollbandit_404 5 месяцев назад

Very interesting chat, gents. Loved the history lesson!

@TheEducatedHomebuyer 5 месяцев назад

Glad you enjoyed it!

@jfausset 5 месяцев назад

Drain MBS from the Fed balance sheet and the supply will magically appear.

@TheEducatedHomebuyer 5 месяцев назад

File this idea under the portion of the conversation where we discussed "unintended consequences." Accumulating that portfolio brought along a number of very negative unintended consequences. Dumping that amount of MBS on the market would have even worse consequences which is why it will never happen. You may have noticed at the last Fed meeting they slowed the pace of Treasury runoff but did no such thing with MBS. Hopefully they continue with a measured runoff until the portfolio is negligible.

@JOE40341 5 месяцев назад

Just shut down immigration into the US, Housing shortage gone

@Daveyjonesvi 5 месяцев назад

That’s just false

@warrendscott 5 месяцев назад

Nice job guys, great conversation. Got to learn a new acronym for us next level NIMBYs here in Californians. BANANAs: build absolutely nothing anywhere near anything 😂. These different perspectives are awesome, keep up the good work.

@TheEducatedHomebuyer 4 месяца назад

Appreciate it, Scott! Thanks for the support my friend.

@TheEducatedHomebuyer 5 месяцев назад

⏩ The Future Of Housing Affordability with Lance Lambert - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-U9KfrAKMdVk.html ✅ - Connect Directly With Our Mortgage & Real Estate Team - www.theeducatedhomebuyer.com/expert 🆘 - Join Our First Time Home Buyer Community - bit.ly/3TVHGKs