Will Expanding the Housing Market Lead to Another Bubble?
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 16 January 2015
⏱️ 52 minutes
🧾️ Download transcript
Summary
America's top mortgage salesman says it's finally time for millennials to buy new homes. But his own daughter's not buying it. Their family argument illustrates what's good about President Obama's planned boost for the housing market and what's not.
Transcript
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| 0:00.0 | Hi, I'm Armin Olney. Thanks so much for listening to To The Point and Which Way, L.A. |
| 0:04.0 | You know, Elvis Mitchell has the inside scoop on all things pop culture. |
| 0:09.0 | Every week, he hosts intimate conversations with creators and directors and actors and more about what makes them tick. |
| 0:15.8 | And each week, I'm amazed at what I hear on The Treatment. |
| 0:20.3 | You can find the treatment on KCRW's iTunes page. |
| 0:24.6 | From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point. |
| 0:32.5 | Well, expanding the housing market lead to another bubble? |
| 0:39.4 | Hello again, I'm Armin Al- this is to the point from Public Radio International, a daily look at the issues Americans care about most. |
| 0:46.1 | The housing market usually leads the way out of recession, but this time around it's a drag on economic recovery. |
| 0:52.1 | So President Obama is going to give it a boost, making it easier for |
| 0:55.3 | first-time buyers with low-credit ratings to qualify for mortgages on new homes. Admittedly, it's a |
| 1:01.2 | modest proposal. $900 in savings for just $250,000 people when more than $2 million are needed |
| 1:07.3 | for healthy growth. But critics call it a risky first step toward another subprime |
| 1:12.3 | disaster, just like the one that started the Great Recession a few years ago. Today's talking |
| 1:17.6 | point, are electric cars about to become affordable? First, here's the news. |
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| 1:39.9 | Support for To The Point comes from the members of KCRW and from the Public Radio International Program Fund. |
| 1:46.6 | Hello again, Warren. I'll be back with To The Point. America's top mortgage salesman says it's finally time for millennials to buy new homes, but his own daughter isn't buying it. |
| 1:55.9 | Their family argument illustrates what's good about President Obama's planned boost for the housing market and what's not. |
| 2:02.5 | Today's talking point. General Motors is unveiling an electric car that goes 200 miles on a single charge just like the Tesla, and it's cheaper. |
| 2:10.6 | But maybe not cheap enough. Does the world need a super battery? Is it about to get one? |
... |
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