Is There an Extremely Simple Fix for Affordable Housing?

This Odd Lots podcast episode interviews Kevin Erdmann, an expert on housing markets, to discuss the ongoing housing shortage in the US. The conversation begins with a review of past housing crises and explores Erdmann's theory that post-2008 lending restrictions, intended to prevent another bubble, are a major cause of the current shortage. Erdmann argues that these restrictions have disproportionately impacted lower-income homebuyers, reducing housing supply and driving up prices. He suggests that loosening lending standards, while addressing local zoning regulations, could significantly alleviate the problem. The discussion concludes with a consideration of the potential impact of Fannie Mae and Freddie Mac privatization on credit standards and the growing build-to-rent market.