Years of underbuilding and underzoning have resulted in a shortage of 3 to 4 million homes nationwide - but it’s just a sniffle compared to the dearth of pandemic proportions when Gen Z explodes into the marketplace.
On this episode of Open House, Reba and Eric tap Randy Banneker of Banneker Public Affairs for his take on both the scope and nature of the challenges, along with some serious proposals for remedial action.
You’ll come away from the program learning:
· The impact of political considerations on building restrictions, and how the growing crisis may be swaying public opinion.
· The toll of anti-landlord sentiment on Seattle rental properties, and their negative long-term prospects.
· The innovative potential of small-sized lots for answering the growing crisis.
· How new technologies in construction may ‘open doors’ to housing opportunities.
· The challenge of condo liability laws and lawfare in limiting condominium construction, and the possibilities for mitigating these sticking points.
· The impact of post-pandemic mindsets on the population and the draws that will return them to the cities.
· Actions you can take to make your voice heard on this issue.
Plus, a recap of how decisions by the Fed impact mortgages, and some thoughtful strategies for successfully navigating your home purchase through the waters of rising interest rates.
So if you’re down with a case of housing market hay fever – forget the Benadryl. Just take this dose of encouragement and good advice from Open House with Team Reba, and you’ll be feeling better stat!