Jonathan Miller

speaker

33 appearances 1 recordings 1 series first heard Jan 2026 last heard 8 Jan

Jonathan Miller’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.

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Bloomberg Talks · Miller Samuel CEO Jonathan Miller Talks Institutional Investors in Real Estate Market · 8 Jan 2026 podcast

And also, too, you know, a lot of the housing that we're building is skewing to the higher end because of land costs, because of product costs, because of labor costs.

All those things make it very difficult.

But if you create oversupply or modest oversupply, you place pressure on

uh on housing prices and and that sort of melts into the next layer below that and then below that it is not a surefire solution but it's just one of those things the other thing is uh you know a lot of the challenge of single family affordability has been zoning and cities like minneapolis have um banned single family zoning uh new new construction within the municipality and

trying to move towards multifamily in high-density areas.

There's many things that can be done.

I think, to your point, that both sides of the aisle are disconnected from the actual problem in this idea that inventory is...

Inventory is very local, very regional.

And when we look at markets like the Northeast or the Midwest, very tight in terms of supply.

We look at Sunbelt, very soft because they were able to create and build more housing during the migration pattern that we saw during COVID where people left the Northeast and the West Coast to go to more affordable housing.

And that soon ended because the demand was so high.

You have to remember that mortgage rates are double what they were and still housing prices are rising, right?

So it is all about supply.

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