Daryl Fairweather On the Tax That Could Solve the Housing Crisis
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 13 June 2022
⏱️ 47 minutes
🧾️ Download transcript
Summary
Housing in the US is a constant source of frustration. On the way up, prospective homebuyers worry that they're missing out on their chance to jump on the housing ladder. On the way down, homeowners worry about losing their equity and their nest egg. So is there a better way? Is there a way to make housing more equitable, and to separate the investment component from the shelter component? On this episode we speak with Daryl Fairweather, the chief economist at Redfin, about a land value tax and how it could help us reposition housing so that it's less of a financial asset that spirals people higher, and blocks so many people out.
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| 1:10.8 | Hello and welcome to another episode of The Odd Lots Podcast. I'm Joe Wisenthal. |
| 1:27.3 | And I'm Tracy all the way. Tracy, you know, it's like, when housing is booming, |
| 1:32.1 | it seems to cause people a lot of stress, like they want to, like, get in on a home. |
| 1:36.6 | And then when housing tumbles that also causes people stress, maybe if you recently bought a |
| 1:42.0 | home or something like that. But either way, wherever we are in the cycle, it feels like in the US, |
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