The U.S. Housing Shortage Explained & How To Fix It

Patrick Bet-David explains the U.S. housing shortage and discuss solutions to fix it. If you're interested in real estate and housing issues, this video is a must-watch!

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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves

[AshleyKeith-vwws]

The problem is that most of these new buildings are in HOAs.

[CaslerDannels]

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[sergiobriseno]

4 steps to fixing the housing market.
1. No institutional buyers.
2. No foreign buyers.
3. Mom and Pop investors need to buy cash no financing.
4. Incentivize home builders “small home builders “ the Lennar and Dr Horton’s are part of the problem.

[noneyabiz]

Now that I am older, I want a smaller/starter home. Smaller homes take less energy to heat/cool, less in taxes, less time too clean, etc... Think I will buy a RV and get a storage unit and save my money

[primafacie]

Low supply keeps demand and prices high. Thats one of the issues in Australia. Its deliberate.

[ed-bar]

The only way to solve the housing shortage is to pass laws stopping corporations such as Blackrock and Vanguard from buying single family homes and to force them to relinquish the millions of homes they've already purchased.

[weissmd]

The main problem is houses are being built very poorly the past 10-15 years. For how poorly they are built they cost way too much. Another problem is the yards are too small.

[sq]

The issue in NY is not just home price, but property taxes exceeding $8, 000 for a small $500k house.

[saleens]

Depends on location. I’ve driven through a good portion of the lower southeast. There are tons of new houses and used houses for sale or being build. Tons of new subdivisions being built. Tons of apartments being built. I drove past 5 houses yesterday in a row that are for sale and were done being built almost 6 months ago. Prices too high. Interest too high. Inflation has smoked everyone’s savings. Ppl are broke.

[lmaolmao-iblg]

I seriously wouldn't touch anything made past 2018 for a car, house, or an RV. The quality on EVERYTHING sucks ass. I flip cars/RV's as a side hustle, and even a house or 2 depending, and I wouldn't pay $200k for some of these newer built homes that are asking 500-600. Everything sucks and its all dog shit.


I flipped a newer house/forclosuer that had mold damage, and there were so much that was fckup up and cheap. Not even talking about the mold, just everything else. My house is made in 1980's. I strongly suggest starting with a older home with a good structure and putting work into it rather then spending an extra $1, 000 a month on a cheap pos finished home made recently.

[AndrewSmyk]

Stop corporations like Black Rock or foreign investors from buying up single family homes, get rid of the soft lumber tariffs.
It's more profitable for builders to build larger homes and the concept of a starter home has disappeared in the last decade.

[bevginanni]

I see this every day in Las Vegas, NV. Clark County went from 120, 000 in 1979 to 2.3 million today! $100, 000 for a 4bdrm, 2500 sq ft, 1/2 acre lot in 1980. Now sells for $500, 000+. Lots of single family homes built just for renting up here now. Most around 1800 sq ft. Lots of 3500 to 4500 sq ft houses being built too with million dollar price tags. I don't see how anyone can afford them.

[franciscomcmxc]

Engineer here, 800 + credit score, my wife is a nurse. We cannot afford a small townhouse.

[stevenwalker]

The shortage is caused by LOCAL governments. Local governments are responsible for green-lighting new housing projects. Local governments keep housing shortages because they want to keep property taxes artificially high. The more houses that are built, the value of homes that are existing go down. So existing home values are down while new construction home values are high. Zoning laws also affect the housing shortages. So basically, if you want there to be more homes in the area to lower home prices and increase availability, vote in local board members that want to green light new developement. For 50 years we haven't kept up with home demand.

[christians]

2:11 Did he unironically say that maybe mom and dad give you $20 - 50, 000 for a down payment?😂

[r_b]

I know a builder. They would like to build small "starter homes". The problem? Setting aside land cost for a second, regulation & process costs set a minimum cost builders incur to build a home - any home. Today those base costs translate into little or no profit when trying to build a small starter home (like 1, 400sf, 3BR/1Bath/no garage home I bought around 1987). OSHA & other govt. regulations drive builders toward large homes in order to make a profit worthy of the effort in the first place. I realize nobody wants to hear that. But that is one reason for the lack of starter homes today.

[winniethebubbly]

The problem with building new houses in new areas is HOA. Most people avoid them.

[kentallred]

It's not the builders. As a builder since 1990, I have seen the problem grow. It's the city's wanting bigger homes in their city. Also wanting to make stucco, brick, rock and board siding the requirement. I used to build 1200 sq ft homes with vinyl siding on 8000 sq ft lots in Utah. They wouldn't even allow smaller lots and most of the time they wanted 1/3-1/2 acre lots. Now they try and cram condos into small spaces with no yard. The building codes have also changed with energy effeciency and so many codes that the houses increased at least $50k just to appease those codes. The farmers want top dollar for their land and that also increased the prices. After the recession sub contractors also started charging more because several of them got out of the industry because they went bankrupt. So you have a shortage of subcontractors which jacked up the prices as well. I do not see a short term solution but I can see long term solutions.

[Patriot]

There is no shortage on housing, simply to many people in houses that should be in different countrys.

[atitaicusboosman]

What happens when companies control so much of the market it’s no longer free? We are experiencing corporate greed and it’s making a literal housing bubble. Moving to a place where there are no jobs is not a solution. Italy, Ireland and Greece have all tried moving incentives and it didn’t work. The point is almost moot.