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Plain English with Derek Thompson

How the U.S. Housing Market Became Such a Dumpster Fire

Plain English with Derek Thompson

The Ringer

News, News Commentary

4.72.1K Ratings

🗓️ 1 November 2022

⏱️ 42 minutes

🧾️ Download transcript

Summary

Skyrocketing mortgage rates. Rent prices falling by their fastest pace in years (from their highest inflation rate in decades). Buyers and sellers are freaked out. What the hell is going on with American real estate?Today is a very special crossover event, featuring one of my favorite finance podcasts: 'Odd Lots' hosted by Tracy Alloway and Joe Weisenthal. Most of what I think I know about the housing market is a river that flows from the headwater that is 'Odd Lots' and the online commentary of Tracy and Joe. So, this is a thrill for me. I hope it’s a thrill for you. Host: Derek Thompson Guests: Tracy Alloway and Joe Weisenthal Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

An Instagram post gets an unexpected boost. A TikTok catches in the algorithm.

0:05.0

Sometimes that's all it takes to launch someone into internet fame.

0:09.0

But then what?

0:11.0

This blew up is a new podcast documentary that reveals how social media

0:15.0

start and is made. It's a different kind of fame.

0:18.0

It's not always as glamorous as it looks.

0:20.0

From Spotify and the Ring or Podcast Network, I'm Alyssa Bereznek.

0:24.0

You can listen to this blew up on Spotify or wherever you get your podcasts.

0:31.0

Today's episode is about the US housing market.

0:35.0

You know, I thought about doing a big wind up here.

0:37.0

But the truth is this is pretty straightforward.

0:39.0

The housing market is kind of broken right now.

0:41.0

And it's not just me saying that.

0:43.0

And it's not just you thinking that.

0:45.0

And your friends thinking that when they think about buying a house

0:48.0

or selling a house, it's economists.

0:50.0

It's financial analysts.

0:51.0

They look at the supply side. They look at the demand side.

0:54.0

They're saying something looks broken here.

0:57.0

You've got skyrocketing mortgage rates.

0:59.0

Rent prices are falling by their fastest pace in years.

1:02.0

From their highest inflation rate in decades.

...

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