Caitlin Gorbach

This is Planet Money from NPR.

I'm doing well.

It's been a crazy week to see my research suddenly so timely and relevant, but I don't regret it.

But that was on the schedule before any of these policies came out.

I don't know.

You'll have to follow up with me on that next week.

We were thinking of the perspective of like,

New professors who have no money could not even hope to buy a home.

And so I was thinking, as a renter, this is a huge boon.

Collapse by name.

Like John Smith.

It's like code breaking and investigative journalism.

Yeah, who would play me?

Not Nicolas Cage, but this does feel like his genre.

Yeah, so to the best of our abilities, right, acknowledging that we probably didn't find every single home.

The ownership share as of 2022 is about 0.3% of all housing units in the United States.

Very small.

Quite small, yes.

You have a kind of a diversification effect in that the people who move in, the renters who move in to neighborhoods tend to be younger, more minority status, lower wealth.

And so that's really a story of rentals unlocking neighborhood opportunity for a subset of renters who couldn't have bought into that neighborhood.