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Tom Bilyeu

๐Ÿ‘ค Speaker
9026 total appearances

Appearances Over Time

Podcast Appearances

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Why is it that instead of people going, let's build more houses, like even if it's just young, disaffected people, why aren't they banging that drum?

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

But instead they're gravitating towards people like Mamdani who are like, don't worry, I'm gonna control from the top down.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

I'm gonna control the prices of your rent.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Why, given that you're the maestro of the psychology of money and spending and all that, why do people break in the direction of what I'll call stupid policies instead of breaking in the let's look at what places do that actually have defeated this, whether it's Houston, whether it's Tulsa?

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

So what's in the psychology that breaks people towards socialism?

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

The scale really is crazy.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

I'm sorry?

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

The scale really is crazy.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

What does that mean though?

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Is it just, so my, the drum that I beat to death is leave it to the public market.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

So, or let private citizens try their entrepreneurial hand at something.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Before we started rolling, I was saying I'm always looking for the mechanistic cause of something like that.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

So looking at why you can't build a house right now, part of it is nimbyism.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

So not in my backyard.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

People don't want to see that.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

I won't even say they don't want to see the price of their house go down because it wouldn't if you just match demand, it's not going to go down.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

It's just going to stay flat.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Yeah.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

So they wanna see the property value go up and I get that, but at some point you have to break the reliance on that.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

The other part for me is just this increasingly psychotic nanny state approach of we can't let anybody get hurt.