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Finding Genius Podcast

An Expert Look at the Global Housing Market with Recursion's Richard Koss

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.41K Ratings

🗓️ 12 October 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Curious about the pandemic's impact on the housing finance system? This podcast has the answers. Richard Koss takes listeners through every element, translating the global housing watch into an understandable format.

Listeners will learn

  • How his company puts large housing market data sets online for the sake of transparency,
  • How the cyclical and structural elements of the housing market responded to the pandemic, and
  • What he sees in the next six months regarding real estate and the importance of emerging markets and world finances.

Richard Koss is the Chief Research Officer at Recursion, a company in the big data mortgage finance field. They take enormous data sets related to the mortgage market and place that data in the cloud. Then, as part of what they call "data democratization," they provide digital tools that allow interested users to access that data to supplement policy or inform trading practices or research strategies. He says the lack of transparency before 2008 was part of the problem that lead to the global financial crisis. The importance of housing finance transparency was not lost on Recursion's founders. 

As a data expert, he's also in a great position to help listeners get a handle on today's housing market and better understand the economics of global housing solutions. He explains in clear and accessible language what the market has looked like since March in structural and cyclical terms, addressing the labor and housing struggles.

He explains that housing trends look a little like the 60s—we're seeing flight out of the city into the suburbs and exurbs. The big question is how long this will persist. He tells listeners what predictions the banks, big companies, and financial lenders are betting on but gives enough information to help listeners come to their own conclusions. Listen in for some great insights into current directions of housing markets.

For more about his company and their take on housing markets, see recursionco.com.

Available on Apple Podcasts: apple.co/2Os0myK

Transcript

Click on a timestamp to play from that location

0:00.0

Forget frequently asked questions common sense common knowledge or Google how about advice from a real genius

0:06.8

95% of people in any profession are good enough to be qualified and licensed 5% go and beyond. They become very good at what they do.

0:15.1

But only 0.1% are real Jesus.

0:18.3

Richard Jacobs has made it his life's mission to find them for you.

0:22.4

He hunts down and interviews geniuses in every field, sleep science, cancer, stem cells,

0:27.2

ketogenic diets, and more.

0:28.8

Here come the geniuses.

0:30.4

This is the Finding Genius Podcast.

0:33.0

That is Richard Jacobs.

0:35.0

Hello, this is Richard Jacobs with the Finding Genius Podcast.

0:41.0

I have Richard Koss.

0:42.0

He is the chief research officer at Recurting. My his work and recursion and Rich thanks for coming.

0:53.0

My pleasure Richard. Thanks very much for having me on.

0:56.0

Well tell me about your work at recursion. What's it about?

0:59.0

Sure. We are in the big data mortgage finance field, okay? So what we do is we take enormous

1:09.3

data sets related to the mortgage market. We wrestled them into the cloud and we have

1:18.7

digital tools that allow interested users to access this data and to do their own research to

1:29.3

supplement their policy or trading or research strategies in this regard.

1:36.2

So it's a what we call it is data democratization.

1:41.2

There's a tremendous amount of information out there. It's very hard

1:44.8

for most people to access it easily. So our corporate mission is to bring this kind of

1:51.5

power and information to a broader audience than just the very big institutions who had access to it previously.

...

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