This podcast episode delves into the multifaceted world of real estate, highlighting its historical impact on the economy, its post-2008 trajectory, and the current challenges and opportunities in the housing market. Experts discuss the complexities of construction materials and building codes, the limitations of wood construction, and the need for increased government involvement in housing to address the housing crisis and promote wealth inequality. The episode also emphasizes the importance of state capacity development and counter-cyclical government involvement, using examples like South Korea's successful model of building state capacity through trial and error.
