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Pitchfork Economics with Nick Hanauer

Unpacking America’s Housing Affordability Crisis (with Whitney Airgood-Obrycki)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 21 May 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

This week, Nick and Goldy are joined by Whitney Airgood-Obrycki from the Joint Center for Housing Studies at Harvard University to discuss the urgent issue of housing affordability in the United States. Despite its status as the wealthiest country in the world, America is grappling with a housing crisis, marked by record-high levels of homelessness and a growing number of individuals spending between 30% to 50% or more of their income on rent. Together, they unpack the housing affordability crisis, discuss how it contributes to the perception of a struggling economy, and explore the innovative solutions local governments are proposing to address it. Whitney Airgood-Obrycki is a Senior Research Associate at the Joint Center for Housing Studies at Harvard University. She conducts research on affordable rental housing for low-income households and served as the project manager and lead author of their recent report on America’s Rental Housing. Dr. Airgood-Obrycki's latest research includes affordable housing policy, housing affordability measures, rental housing markets, and suburban neighborhood change. Twitter: @airbrycki, @Harvard_JCHS America’s Rental Housing 2024 Montgomery County has found a way to reinvigorate public housing in America What if public housing were for everyone? Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.

0:10.0

It's time to build our economy from the bottom up and the middle out, not the top down.

0:15.4

Middle out economics is the answer.

0:17.7

Because Wall Street didn't build this country.

0:20.0

Great middle class built this country.

0:22.3

The more the middle class thrives, the better the economy from the middle out.

0:42.0

Welcome to the show.

0:44.0

Where are you podcasting from today, Nick?

0:50.0

I'm podcasting from today, Nick?

0:53.0

Podcasting from London, England.

0:56.7

Oh, man, sometime, Nick, we're going to have to do an episode

1:01.4

about the plight of the homeful.

1:03.4

Yeah, that's right.

1:04.6

Your horrible life on the road from home to home to home,

1:08.1

to home.

1:09.1

But this episode is not that.

1:12.0

Yeah. no.

1:13.0

Today we're going to talk about the opposite,

1:16.3

the terrible challenge of housing affordability

1:21.2

in the United States. It's a global problem, but we're probably

1:24.7

doing it worse than most places. Well, it's certainly worse than most wealthy

1:29.7

countries. Yes. We are the wealthiest country on earth and yet we have homelessness at record highs and our housing affordability crisis at a record high

...

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