Why the Housing Market Is so F%#@ing Insane Right Now

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 23 April 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Arculus and FTX US. Housing prices around the country are up 19.2% this year, and 30% since the beginning of the coronavirus pandemic. Videos of desperate couples and families lining up for open houses have become mainstays of social media. In today’s episode, NLW gives a primer on what’s going on and why the roots of the problem go back to the Global Financial Crisis. - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Paul Bradbury/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:08.3	It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.
0:14.1	The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk.
0:29.2	What's going on, guys? It is Friday, April 22nd, and I am incredibly excited for today's show.
0:35.4	It's something that is deeply personal for a ton of people, and I wanted to do a show on this for a while.
0:38.7	Before we get into that, however, a few housekeeping notes.
0:44.6	There are two ways to enjoy the breakdown podcast. You can either listen on the CoinDest Crypto Podcast Network feed, which features both the breakdown as well as other CoinDesk shows,
0:48.9	or you can listen on the breakdown only feed, which has just this show. Both come out the same
0:53.6	day with CoinDest coming out in the afternoon and the breakdown only
0:56.2	feed in the evening.
0:57.7	Whichever feed you are enjoying the show on, please go subscribe to it, give it a rating, give it a
1:02.3	review.
1:03.1	Believe it or not, those things actually do help the show get discovered.
1:06.5	And if you want to dig deeper into the conversation, come join us on the Breakers Discord.
1:14.7	You can find a link in the show notes or go to bit.le slash breakdown pod.
1:16.8	Finally, a disclosure as always.
1:20.5	In addition to them being a sponsor of the show, I also work with FTX.
1:21.4	All right. So real estate is fascinating for a lot of different reasons.
1:25.9	It's something that tons of people interact with, and something
1:29.3	that becomes very personal when you do. Real estate and particularly homeownership is tied up in the
1:34.9	American narrative of the American dream. And even beyond that, given how many people make
1:40.1	money elsewhere and then get into some version or some form of real estate as well, there's
	...

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