Austan Goolsbee

Now, side note, that was an extremely personally stressful time for me because we had a house on the north side, and we had bought a house on the south side, and then we were going to sell our house on the north side.

Oh, so you were temporarily owning two homes?

It was the 08 financial crisis had not yet started, but the housing bubble was popping.

Oh, boy.

I was like, okay, okay, we could do it.

We just need to do a little bit of renovations on this south side house and then we can move into it.

And then the renovations took longer.

The price is going up.

And I said, you know what?

We got to sell this.

We got to sell our other house.

But then nobody could buy the house because the housing bubble is popping.

And then Obama wins and I'm going to D.C.

So we're like trying to rent out a place and rent a different place.

My wife sees this thing about 31%.

She's like, our housing costs 105% of our income.

Somebody said, you're a one-man walking housing crisis.

Please don't let this happen.

Okay.

But the extreme inflation of house prices relative to going to Costco and how much a TV costs, I just want to highlight that.