Chapter
The Current State of Housing
16:56 - 21:13 (04:17)
The housing market has missed the cue on the number of houses that need to be built by almost 60%, primarily due to supply chain issues, and there is financialization and engineering in the market that is poorly understood by consumers.
Clips
The financial crisis was a housing led crisis caused by a fall in home prices resulting in overextended credit.
16:56 - 19:21 (02:25)
Summary
The financial crisis was a housing led crisis caused by a fall in home prices resulting in overextended credit. However, the current state of housing is not a repeat of the global financial crisis as it's not driven by housing over-extension, but rather by low inventory and high demand.
ChapterThe Current State of Housing
Episode#AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The housing market's financialization is poorly understood, with consumers often finding themselves tricked into taking on more than they can handle.
19:21 - 21:13 (01:52)
Summary
The housing market's financialization is poorly understood, with consumers often finding themselves tricked into taking on more than they can handle. Builders have also missed their cue due to a slower-reacting market, along with supply chain issues.