2341: The Influence of Charlie Kirk, Housing Shortage, Not Oversupply: Kevin Erdman Debunks the 2008 Great Recession Myth
Description
Sign up for the Jason Hartman University Event this coming September https://www.jasonhartman.com/Phoenix .
Jason talks about political violence and media coverage, followed by an analysis of the housing market and recent rate cuts. He introduced various investment opportunities, including co-living properties and home equity investments, while discussing upcoming economic developments and the launch of an AI chatbot tool. He ends with information about upcoming events in Phoenix and encourages listeners to utilize the free AI resource for financial advice and market analysis.
Jason then welcomes Kevin Erdmann, author and housing analyst, where he challenges the common belief that an oversupply of housing caused the 2008 Great Recession. Erdman argues that a housing shortage, particularly in coastal regions, led to migration and subsequent demand spikes in other areas like Phoenix and Las Vegas. He attributes the 2008 crisis and the ensuing market collapse primarily to the federal government's tightening of mortgage availability, not an overbuilt market. Erdmann also discusses the current and future state of the housing market, asserting that a significant housing shortage persists and will take many years to resolve, influencing factors like rent inflation, household formation, and even fertility rates.
#KevinErdman #HousingShortage #GreatRecession #MortgageCrackdown #RegulatoryCrackdowns #PopulationGrowth #HouseholdFormation #RentInflation #RegionalShortages #MigrationEvent #HousingCrisis #ConstructionTrends #FailureToLaunch #ExpertsAreWrong
https://kevinerdmann.substack.com/
Key Takeaways:
Jason's editorial
1:27 Charlie Kirk the fascist
4:34 Seek out alternative news source
7:47 Rate cut; a little, too late
9:00 Join us at Phoenix https://www.jasonhartman.com/Phoenix
12:04 Very motivated builders
13:16 https://JasonHartman.com/Ai
Kevin Erdmann interview
16:43 The reason we went into a recession
29:56 Sponsor: https://www.monetary-metals.com/Hartman
30:29 What is the state of the housing market currently
39:21 Chart: Housing inventory
47:32 Fertility and singing a different tune by 2040
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