About this episode

The episode discusses the housing crisis in America and its ties to economic policies with guest Stormy Waters.

In 1980, the median priced home in the United States was equivalent to 3 years of the median annual salary. In 2023, this had risen to 6 years - an effective doubling of real home prices. Despite attempts at lowering interest rates in the past year, wages have not kept up with housing costs, and many Americans are struggling to buy their first home, with almost 20% of Millennials living with their parents today, up from around 10% for young adults in the 1970s. Tonight, returning guest Stormy Waters joins us to discuss how America’s local, state, and national economic policies are deeply tied to the real estate industry, and how reforming this for the better will likely take a cultural and political groundswell from younger generations. -- Brought to you by -- Very special guest Stormy Waters @NormanDodd_knew https://substack.com/@st0rmywaters with Adam Smith -- New: Hard Copies of Exit Strategy now Available! http://www.lulu.com/shop/adam-smith/exit-strategy/paperback/product-24191334.html - http://myth20c.com ~~-- Donations --~~ BTC: 16UQ6ukmTjz4Z7Ce4n23bN6tKGnU7XkPeQ - https://myth20c.wordpress.com/books/ - http://theamericansun.com - http://twitter.com/myth20c…

People in this episode

Host: Adam Smith

Guest: Stormy Waters

Topics covered

• housing crisis
• economic policies
• real estate
• Millennials
• cultural reform

Keywords

• housing crisis
• real estate
• Millennials
• economic policies
• home prices

Mentioned in this episode

Organizations: Myth of the 20th Century

Books & works: The China Hustle, The Changing World Order - Why Nations Succeed and Fail, Exit Strategy

Places: United States

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