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(350)

Why the Question "Are We in a Recession?" Is Impossible to Answer

Why the Question "Are We in a Recession?" Is Impossible to Answer

On Thursday, the Bureau of Economic Analysis announced that GDP dropped for the second consecutive quarter, fueling fears that the economy is in a recession. Today's guest is Austan Goolsbee, a profes...

29 Jul 202239min

Crypto Crash, Part II: A Debate About the Future of Web3

Crypto Crash, Part II: A Debate About the Future of Web3

Today is the second half of our special two-parter on the state of crypto. Yesterday’s theme was the case against. Today we debate the case for. In the last few weeks, use-cases have become a popular ...

26 Jul 202254min

Crypto Crash Part I: The Case Against Crypto

Crypto Crash Part I: The Case Against Crypto

Today, we have the first in a two-part series on lessons from the crypto crash. Crypto, also known as Web3, also known as blockchain-based technologies, remains the weirdest space I’ve ever reported o...

25 Jul 202249min

Why It Seems Like So Many Countries Are Falling Apart

Why It Seems Like So Many Countries Are Falling Apart

The world is kind of a mess right now. There is a big, bloody, awful war between Russia and Ukraine, which has hugely disrupted global trade, especially in commodities like oil, wheat, and natural gas...

22 Jul 202253min

The World Is on Fire. Here’s a Realistic Plan to Save Humanity.

The World Is on Fire. Here’s a Realistic Plan to Save Humanity.

The world is on fire. In southern Europe, wildfires are streaking from Portugal to Greece. In the U.K., airport runways melted as temperatures exceeded 103 degrees for the first time on record. In the...

19 Jul 20221h 2min

Three Ways the Elon Musk–Twitter Showdown Could End

Three Ways the Elon Musk–Twitter Showdown Could End

Well, that escalated quickly. Let's review, shall we? In January, Elon Musk started buying a bunch of Twitter stock. In February, he kept buying. In March, he owned about 5 percent of the company. In ...

14 Jul 202241min

Burning Questions About the Future of Media: Netflix vs. Disney, TikTok vs. Everyone, and the Metaverse

Burning Questions About the Future of Media: Netflix vs. Disney, TikTok vs. Everyone, and the Metaverse

Will Netflix be the king of streaming in five years? What's the biggest threat to dethrone it: Apple, Disney, or HBO? Are movie theaters back for real? How has the pandemic changed the film industry? ...

12 Jul 20221h 12min

Musk Meltdown: Elon’s Breakup With Twitter Is Going to Be Very Messy

Musk Meltdown: Elon’s Breakup With Twitter Is Going to Be Very Messy

Derek has so many thoughts on Elon Musk's bizarre attempted breakup with Twitter—and what comes next—that he has to enumerate them. In this episode, he goes through five reasons Elon is trying to wrig...

10 Jul 202217min

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