How the U.S. Housing Market Became Such a Dumpster Fire
Plain English with Derek Thompson
The Ringer
4.7 • 2.1K Ratings
🗓️ 1 November 2022
⏱️ 42 minutes
🧾️ Download transcript
Summary
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| 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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