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The Daily Show: Ears Edition

The Housing Market - If You Don’t Know, Now You Know

The Daily Show: Ears Edition

Comedy Central

Daily News, Comedy, News

4.214.2K Ratings

🗓️ 29 March 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

Why has it become so hard to buy a home in America? If you don’t know, now you know.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You're listening to Comedy Central.

0:02.6

Ow!

0:05.1

For decades, owning a home has been one of the core parts

0:08.6

of the American dream, just below Dating Pete Davidson.

0:12.6

But right now, actually buying a home is harder

0:16.6

than Matt Gaetz watching the new save by the bell.

0:19.5

With the housing market, wed hot, prospective buyers

0:22.4

are trying not to get burned as demand soars,

0:25.8

but supply is limited.

0:27.2

Home prices rising at their highest rate in 15 years

0:30.8

and demand so intense that Redfin reports nearly half of homes

0:34.4

are selling within a week of hitting the market.

0:36.4

Perspective home buyers in astronomical bidding wars,

0:39.4

homes vanishing from listings hours after being posted.

0:42.0

You go to an open house, there could be 50 cars

0:45.4

in a line outside waiting to see that property.

0:48.8

People are so desperate that they'll court favors,

0:52.4

you know, potential sellers, tickets to rare events.

0:56.8

Even houses with notorious histories are selling.

0:59.8

This is the 100-year-old Mediterranean-style home in LA

1:04.0

where the Charles Manson family murdered Lena and Rosemary LaBianca

1:08.6

in 1969, but in today's market, it was snapped up

...

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