How big is the US housing shortage?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 25 November 2024
⏱️ 9 minutes
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Transcript
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| 0:00.0 | NPR. |
| 0:02.0 | This is the indicator from Planet Money. I'm Adrienne Ma. |
| 0:14.3 | And I'm Waylon Wong. |
| 0:15.7 | One of the hot topics of the U.S. presidential campaign was housing affordability. |
| 0:22.2 | Both candidates talked about what they would do to boost the supply of homes and bring prices down. |
| 0:26.4 | The search for affordable housing is a major concern for a lot of people in the U.S. |
| 0:30.5 | People like Olivia Garcia. She's from Los Angeles, and earlier this year, Olivia and her |
| 0:36.3 | fiancé opted to sell their stuff and travel |
| 0:39.1 | overseas instead of paying L.A. rents. We did our traveling because we were like, oh my God, |
| 0:43.7 | it's so expensive. Just like living here, being in L.A., you know, might as well go spend our |
| 0:49.8 | savings doing this because it'll be cheaper anyways. We're making girl math would state that I am making |
| 0:55.5 | money traveling. Do you have to take a course in girl math to do it? Some of us were born doing |
| 1:01.4 | girl math, Adrienne. But, you know, Olivia and her fiance did eventually return to the U.S. |
| 1:08.0 | so that Olivia's fiance could start a new job. |
| 1:14.2 | And back in L.A., the apartment search was grim. |
| 1:17.2 | It's just all around really nightmarish. |
| 1:19.6 | Like, the options are pretty slim. |
| 1:23.7 | Olivia was feeling what politicians have identified as a housing shortage. |
| 1:27.0 | But how many homes would it take to fix the problem? This gets us into another kind |
| 1:29.3 | of mathematical conundrum. A girl math conundrum? No, housing math this time. And it turns out, |
| 1:36.1 | trying to calculate the size of the problem is a bit of an economic brain teaser. So today |
| 1:41.3 | on the show, we explain the tricky business of quantifying the U.S. |
... |
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