4.8 • 2K Ratings
🗓️ 6 July 2024
⏱️ 40 minutes
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0:00.0 | Welcome to Animal Spirits, a show about markets, life and investing. |
0:09.0 | Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching. |
0:14.0 | All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion |
0:18.8 | of Redhol's wealth management. |
0:20.4 | This podcast is for informational purposes only and should not be relied upon for any investment decisions. |
0:26.0 | Clients of Ritholz wealth management may maintain positions in the securities discussed in this podcast. We're joined today by Kobe Leffowitz. |
0:36.2 | Kobe is a partner at Backyard, a real estate development from based in California. |
0:40.5 | Kobe, welcome to the show. |
0:41.8 | Thanks so much for having me, Michael, and Ben. |
0:43.7 | Great to see you as well. |
0:45.0 | So housing affordability, major, major issue. |
0:49.0 | And every time we hear the same answer. They're not building enough houses. I don't know what that |
0:55.3 | means, but I know that you do. So for our audience, we're going to talk all about the housing |
1:00.9 | shortage today and why you can't just build more houses, which seems |
1:04.6 | to be the sensible solution here. |
1:07.1 | Before we get to that, give us a bit of your background. |
1:11.0 | How did you get into the real estate industry? |
1:12.7 | What do you know? |
1:13.2 | Just give us your credibility before we start asking all these sort of questions. |
1:16.5 | Sure, yeah. |
1:17.4 | So my background is an urban planner. |
1:19.4 | I went to architecture school, wanted to draw a little bit, wasn't technically gifted enough, shifted into planning, |
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