Welcome back to 10 blocks. This week's special episode features Manhattan Institute's senior fellow

and city general contributing editor Jim Megs interviewing Edward Glazer, Professor of Economics at Harvard,

and also an MI senior fellow and CJ contributing editor. They discuss the housing crisis and how to

fix it. We hope you enjoy. Jim, you and I are together again in the same room

face-to-face recording a podcast for the first time in more than two and a half years. And I must say

you have not aged one bit. It's dark in here, Richard. It's great to be working face-to-face again.

You could say we're housed in the same place.

And housing is exactly what we're going to talk about.

Fixing the housing affordability crisis with Harvard University economics professor Ed Glazer.

Ed is the author of too many books to note, but his most recent was released during the pandemic. It's called Survival of the City, living and thriving in an age of isolation.

Now our interview.

Ed Glazer, welcome back to How Do We Fix It?

Oh, it's great to be back with you.

It seems that as much as any crisis facing us today, housing is really tough to fix.

Can you first give us an overview of the latest challenges facing the housing market in big cities like New York, where we are right now and beyond.

I think the biggest shock over the past five years has been the extent to which the

housing comeback has hit cities like Dallas and Atlanta, that it's sat the last one out.

So for me, it's the nationalization of what had once been a coastal crisis. But in fact,

the whole COVID era has been a spectacular era for housing price increases, right? Partially,

we understand this as frictions in selling houses. So supply has not caught up. Partially,

it reflects just demand to, you know to get cozy inside your own space and

increase working from home means you want a home that's worthy of working in. And partially,

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