What's Really Happening With The Housing Market? Melody Wright sees a coming crash.

The Unspeakable Podcast

Meghan Daum

Society & Culture

4.8 • 784 Ratings

🗓️ 23 September 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Meghan interviews housing market analyst Melody Wright about why purchasing a home has reached historic levels of unaffordability. A rising star on YouTube, Melody was on the front lines of the mortgage implosion during the Great Financial Crisis and has devoted the last few years to scratching beneath the surface of the affordability crisis in housing. Though low inventory remains a problem in many regions, you might be surprised to learn that in many parts of the country, new construction has saturated the marketplace and countless homes are sitting empty. Melody talks about how this happened, why the media doesn’t report more on it, and where she sees similarities to the run-up to the housing market crash in 2008. Plus, fun fact: did you know that the word mortgage is derived from the very old French legal term “death pledge?”

ABOUT THE GUEST

Follow Melody on Substack.

Melody on YouTube.

Follow her on X.

Want to hear the whole conversation? Upgrade your subscription here.

HOUSEKEEPING

✈️ We have new retreats for 2025. See where we'll be!

✏️ Take a memoir writing course with me (or another awesome course!) Learn more here.

🥂 Join The Unspeakeasy, my community for freethinking women.

Transcript

Click on a timestamp to play from that location

0:00.0	Fundamentally, in this country, we do not have high paying jobs, are enough of them to afford where home prices have gotten.
0:14.3	And guys, just go take the median home price.
0:17.1	You can use whichever series you want to.
0:19.1	You can use National Association of Realtor.
0:21.7	And you can look at that. It was like $426,000 last month. They reached all time high.
0:28.4	The median income in the United States is $78,000. That's it.
0:36.5	Welcome to the unspeakable podcast.
0:38.5	I'm your host, Megan Down.
0:40.5	My guest is Melody Wright.
0:42.8	You just heard your voice, and I'm going to tell you about her in a second.
0:47.0	But quickly, I want you to know that the unspeak-easy school of thought is going to have a late fall session. We have just announced
0:56.5	four new writing classes. We had a little bit of a change of plans in the late summer,
1:04.1	but we are in gear now. So we have got four classes. They are going to start the week of October 28th. Three of them are going to run for
1:13.4	eight weeks. They include a humor class with the amazing author Neil Pollock, writing humor and
1:21.2	humorless times is the name of that class. There's also a fiction workshop with Chaley Widger.
1:26.7	I am going to teach a memoir writing workshop.
1:30.1	And our fan favorite, Lee Stein, brilliant book coach branding consultant for authors everywhere,
1:37.5	is going to do a one-time webinar workshop called How to Get a Book Deal the Easy Way.
1:47.5	That will be in November. Go to the unspeak easy com and find out about all of these courses, how to apply. Again, they're going to run weekly on
1:54.4	Zoom for eight weeks starting at the end of October and going into the middle of December.
2:01.3	Okay, I'm going to tell you about our guest, Melody, right.
2:05.0	So this is something a little bit different here.
	...

Transcript will be available on the free plan in -190 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Meghan Daum, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Meghan Daum and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.