Nick Pell
speaker
6,131 appearances
17 recordings
1 series
first heard Jan 2025
last heard 6d ago
Nick Pell’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Aug 2026 with 2.
Appearances
It was a $288 million program, and it was all tapped out in 11
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Housing prices in California went up by 10% in a single year because all that it accomplished was spiking demand of a limited resource.
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This is called inelastic supply.
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It doesn't matter how much money the taxpayers fork over.
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it is not going to magically increase the supply of housing.
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Yeah.
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If you think more people who want to own homes should be able to purchase them is a worthy goal, and by the way I do, what you need to do is make building houses cheaper.
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That means a lot of legislation to undo existing legislation, and most of it is going to have to take place at the local level.
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The federal government can't just slap a Band-Aid on it because for the most part, the root of the problem exists at the local level.
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Yeah, I have an extreme lack of faith in the federal government to decide what zoning laws and building codes are appropriate for Boise, Idaho.
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I'm sure that lowering interest rates would make more people interested in and more capable of buying.
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But there's problems that come with that.
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Like the interest rates were raised for a
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One big reason is that the housing market was just out of control.
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Lowering the interest rates is another solution that increases demand while doing nothing about supply.
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According to the National Association of Realtors in early 2026, every one percentage point drop in mortgage rates, so dropping them from six to five, for example, that brings an estimated 5.5 million additional households back into the
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Yeah.
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And the 3% interest people still don't want to sell.
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The problem of new construction is not solved, et cetera.
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If the Fed cuts rates too fast, they could trigger a new round of 9% inflation forecast from Morgan Stanley and Redfin says 6% is the new normal.
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Showing 461–480 of 6,131 · page 24 of 307
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