Real Estate Expert Answers US Housing Crisis Questions | Tech Support | WIRED
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Published 2024-04-03
Architectural models by Reid Architecture
reidarc.com/
Disclaimer: The graph shown at 0:18 depicts income data adjusted for inflation, while the rental price is not. Rental prices are still outpacing income growth, though the increase of rental prices since 1985 is not 100% when adjusted for inflation.
Director: Lisandro Perez-Rey
Director of Photography: Constantine Economides
Editor: Louville Moore; Louis Lalire
Expert: Dr. Kate Nelischer
Line Producer: Joseph Buscemi
Associate Producer: Brandon White
Production Manager: Peter Brunette
Production and Equipment Manager: Kevin Balash
Casting Producer: Nick Sawyer
Camera Operator: Roberto Herrera
Sound Mixer: Brett Van Deusen
Production Assistant: Sonia Butt
Post Production Supervisor: Christian Olguin
Post Production Coordinator: Ian Bryant
Supervising Editor: Doug Larsen
Additional Editor: Paul Tael
Assistant Editor: Billy Ward
00:00 Housing Support
00:11 Why does rent increase yearly?
01:08 Is there a housing emergency?
01:46 Why are houses so expensive?
02:33 Abandoned buildings used for affordable housing?
03:52 Modular housing
04:46 Oceanfront property value
04:58 What is red lining?
06:22 Is gentrification all bad?
07:30 AirBnB
08:13 Why can't millennials afford a home?
09:09 Leading cause of homelessness
09:50 Unhoused people in Los Angeles
10:58 Why are corporations buying up houses?
11:53 Low volume of homes on the market
12:54 What country has country figured out?
13:49 Squatters Rights
14:32 Where is it affordable to live?
15:21 Tiny houses
15:52 What will bring house prices down?
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All Comments (21)
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Love how the answer for most of the questions is: because of greed
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The gap in the graph is insane
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I saw a video of a city setting up very small homes until something better comes along. One unhoused gentleman pretty much said, “good enough”. Roof and heat/air conditioning. A door with a lock.
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Watching this - living in my van for the 5th year. Somebody please do something to fix housing
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“They call it the American dream because you have to be asleep to believe it.”
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This is why everyone needs a roommate or still lives with their parents.
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I took her real estate class in university! Excellent professor👏
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You confused Blackrock and Blackstone. Blackstone is the private equity firm that is buying single family homes. They now own over 80K
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My dad was talking the other day about how he was so proud to have bought a house by his early 30’s (in 1999), and I’m like yeah and you were making 60k with a union job, you had a VA loan so no down payment required, and the house cost $90k. I make $50k a year (no union) and houses are at least $450k. Wages are not increasing significantly but housing costs have quintupled. I have to pay double what he paid for a 4 bedroom house to rent a 1 bedroom apartment. We need a massive overhaul of the housing system
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she stole my heart with that "houses are really f*&^ing expensive"
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14:57 “some places in rural Texas” Circles the one spot west of Lubbock that has a major city
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I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
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As someone who's lived homeless; I would rather live in an imperfectly configured office space than to not have these spaces used because they need to meet such specific code requirements. I think most would choose a roof over their heads than a bedroom opening window. But that's just my perspective.
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I'm an architectural acoustical consultant. There are some issues with noise control in mass timber buildings because it's so much less dense than concrete and architects want to show the exposed wood which makes it very difficult to add noise control elements. There are a lot of people working on this but it does make noise control difficult.
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I saw a wooden high-rise the other day in San Antonio. I couldn't believe my eyes, such a high wholly wooden structure.
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As a Chicagoan, something about high rises made of wood just... doesn't quite sit right with me.
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I'm glad that the housing expert recognizes how much of a crisis the housing situation is in the US. I'm a millenial and at this rate i dont think ill ever be able to afford my own place to live, forever doomed to live with my folks. once theyre gone i fear ill be on the streets, unless they leave me the house
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For a bit more nuance: A person must live in Vienna for a minimum of number of years to qualify for public housing. You can't just move there and expect the city to find you a place to live.
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5 years ago, I paid $400 for a one bedroom in BF nowhere East Texas; of course, we had to leave after a year cause not even the WalMart was hiring
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6:20 There's seems to be two types of gentrification, or two definitions of investment in a neighborhood both called "gentrification." One is where old residents are somehow "forced out" by new residents, like rent hikes or shutting down and refusing to renew leases as the building is sold or developed into higher-class properties. The other is when new investment occurs in a desirable neighborhood that doesn't force out the existing residents. Like converting unused lots or old vacant buildings.
