Why It’s So Hard to Buy a House Right Now—and Why It Might Get Better Soon

Why It’s So Hard to Buy a House Right Now—and Why It Might Get Better Soon

Today, we’re examining the U.S. housing market, starting with a specific question: Should you look to rent or buy your next home? By some metrics, this is the worst time to buy a house in 40 years. Housing prices are near record highs, especially compared to local rents. For many young people, the dream of homeownership might seem completely impossible right now, thanks to huge national demand colliding with short supply, especially in high-income areas. Meanwhile, high mortgage interest rates have failed to reduce home prices, as owners are rate locked into their old mortgages. When will this sorry state of affairs turn around? Mark Zandi, the chief economist of Moody’s Analytics and host of the Inside Economics podcast, joins the show to answer our questions. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Mark Zandi Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episoder(361)

Why Are American Teens So Unhappy? How Do We Solve This Crisis?

Why Are American Teens So Unhappy? How Do We Solve This Crisis?

This is our second installment of happiness week on the Plain English podcast. On Tuesday, I spoke with the directors of the Harvard Study of Adult Development about what makes a good life, based on t...

3 Mar 202355min

Happiness in America, Part 1: The Secret to a 'Good Life,' According to an 80-Year Study

Happiness in America, Part 1: The Secret to a 'Good Life,' According to an 80-Year Study

Americans have never had more access to social technology. It’s easier to talk to friends and family members hundreds of miles away; easier to see their faces; and easier to find single people to date...

28 Feb 202358min

The Science of How Music Hits Have Changed in the Last 60 Years

The Science of How Music Hits Have Changed in the Last 60 Years

How does technology shape art? Why has songwriting become more of a visual skill in the 21st century? Why are today's hit songs shorter than songs from any period since the Beatles? What happened to t...

24 Feb 202352min

Bing Chatbot Gone Wild and Why AI Could Be the Story of the Decade

Bing Chatbot Gone Wild and Why AI Could Be the Story of the Decade

Large language models like ChatGPT and Bing’s chatbot can tell stories. They can analyze the effects of agricultural AI on American and Chinese farms. They can pass medical licensing exams, summarize ...

21 Feb 202351min

UFOs and Aliens and Drones and Balloons: Understanding the U.S. Sky Wars

UFOs and Aliens and Drones and Balloons: Understanding the U.S. Sky Wars

Since a big white Chinese spy balloon floated across the ocean and into U.S. airspace, the United States has shot down four objects over North American skies. What are we looking at, and what are we s...

17 Feb 202350min

Why Everybody Is Wrong About a Recession and Housing’s Great Comeback

Why Everybody Is Wrong About a Recession and Housing’s Great Comeback

Last fall, three-quarters of voters told CNN that the U.S. was in a recession. A Bloomberg economic model said that the odds of a recession by the fall of 2023 were 100 percent. But we’re not in a rec...

14 Feb 202334min

The Spectacular Rise and Fall of Fake Meat in America

The Spectacular Rise and Fall of Fake Meat in America

For the past 50 years, Americans have basically responded to the case against eating animals by eating more animals. The share of Americans who call themselves vegan or vegetarian hasn’t increased in ...

10 Feb 202338min

China’s Spy Balloon Is Down. Cold War 2.0 Risks Are Rising.

China’s Spy Balloon Is Down. Cold War 2.0 Risks Are Rising.

If we’re being honest, the whole thing is kind of funny. A Chinese spy balloon floated across the U.S. Nobody died, unless we count the balloon itself. In a saner age, this story would be over. But ba...

7 Feb 202343min

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