![]() ![]() And really, the quick summary of why we’re here is that we way overbuilt in the lead up to the housing crash of the mid 2000s. I mean, the shortage has been basically going on for years, it’s just gotten more and more bananas in the last couple of years post pandemic. Kimberly Adams: Amy, are we correct with the premise that this is actually a supply problem that we need to figure out how to fix?Īmy Scott: Oh, heck yeah. ![]() And so here to break it down for us is Marketplace’s senior correspondent, Amy Scott, who knows all about housing.Īmy Scott: Good to be with you, everybody. Kimberly Adams: And so if it is a supply problem, ideally, we’d just build more homes. And part of the reason we’re in this mess with housing is because supply and demand, right? There’s just not enough housing supply, specifically affordable housing, to help people find the shelter they need. But our guest is going to tell us, she knows everything about housing. Home prices are up 20% year-on-year, a touch above I think, right? It’s either 19.6 or 20.6 I can’t remember. It’s Tuesday, our weekly single topic program. Welcome to Make Me Smart, where none of us is as smart as all of us. You just fire up and we’ll see what happens. Please check the corresponding audio before quoting it. Transcripts are generated using a combination of automated software and human transcribers, and may contain errors. Note: Marketplace podcasts are meant to be heard, with emphasis, tone and audio elements a transcript can’t capture. When you’re done listening, send us your answer to the “Make Me Smart” question.
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