Real Estate Expert Answers US Housing Crisis Questions | Tech Support | WIRED

Professor of urban planning Kate Nelischer answers your questions about real estate and the US housing crisis from Twitter. Why are homes so expensive? How is AirBnB affecting the housing market? Why can't millennials afford a home? Answers to these questions and many more await—it's Housing Support.

Architectural models by Reid Architecture

Disclaimer: The graph shown at 0:18 depicts income data adjusted for inflation, while the rental price is not. Rental prices are still outpacing income growth, though the increase of rental prices since 1985 is not 100% when adjusted for inflation.

Director: Lisandro Perez-Rey
Director of Photography: Constantine Economides
Editor: Louville Moore; Louis Lalire
Expert: Dr. Kate Nelischer
Line Producer: Joseph Buscemi
Associate Producer: Brandon White
Production Manager: Peter Brunette
Production and Equipment Manager: Kevin Balash
Casting Producer: Nick Sawyer
Camera Operator: Roberto Herrera
Sound Mixer: Brett Van Deusen
Production Assistant: Sonia Butt
Post Production Supervisor: Christian Olguin
Post Production Coordinator: Ian Bryant
Supervising Editor: Doug Larsen
Additional Editor: Paul Tael
Assistant Editor: Billy Ward

00:00 Housing Support
00:11 Why does rent increase yearly?
01:08 Is there a housing emergency?
01:46 Why are houses so expensive?
02:33 Abandoned buildings used for affordable housing?
03:52 Modular housing
04:46 Oceanfront property value
04:58 What is red lining?
06:22 Is gentrification all bad?
07:30 AirBnB
08:13 Why can't millennials afford a home?
09:09 Leading cause of homelessness
09:50 Unhoused people in Los Angeles
10:58 Why are corporations buying up houses?
11:53 Low volume of homes on the market
12:54 What country has country figured out?
13:49 Squatters Rights
14:32 Where is it affordable to live?
15:21 Tiny houses
15:52 What will bring house prices down?


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[guru-guru-guru]

Love how the answer for most of the questions is: because of greed

[megankirby]

“They call it the American dream because you have to be asleep to believe it.”

[whou]

I love that the answer to "where are they getting housing right?" is "not in the US".

[tonysilke]

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market

[dora]

This is why everyone needs a roommate or still lives with their parents.

[maiphuong]

I took her real estate class in university! Excellent professor👏

[Danni]

I came in here thinking they were going to blame people for not saving money, but she's sptting facts. I love this person.

[katherineburtt]

My dad was talking the other day about how he was so proud to have bought a house by his early 30’s (in 1999), and I’m like yeah and you were making 60k with a union job, you had a VA loan so no down payment required, and the house cost $90k. I make $50k a year (no union) and houses are at least $450k. Wages are not increasing significantly but housing costs have quintupled. I have to pay double what he paid for a 4 bedroom house to rent a 1 bedroom apartment. We need a massive overhaul of the housing system

[FabioSuave]

she stole my heart with that "houses are really f*&^ing expensive"

[ReillyDzielski]

She was my professor. Loved her. Still love her. She makes my day every time I see her on campus.

[threlyo]

it's disgusting that this country allows greed to sink it's tendrils into the things people need to live

[ericd]

I'm glad that the housing expert recognizes how much of a crisis the housing situation is in the US. I'm a millenial and at this rate i dont think ill ever be able to afford my own place to live, forever doomed to live with my folks. once theyre gone i fear ill be on the streets, unless they leave me the house

[dwrecktheanimal]

As someone who's lived homeless; I would rather live in an imperfectly configured office space than to not have these spaces used because they need to meet such specific code requirements. I think most would choose a roof over their heads than a bedroom opening window. But that's just my perspective.

[realSimoneCherie]

We don’t HAVE to be short on homes we are making choices and those choices do not prioritize basic human needs

[fearsometurtle]

Inflated prices due to corporate greed. Thanks for confirming what we knew.

[XckBrm]

As a Chicagoan, something about high rises made of wood just... doesn't quite sit right with me.

[McCallEdwards]

I'm an architectural acoustical consultant. There are some issues with noise control in mass timber buildings because it's so much less dense than concrete and architects want to show the exposed wood which makes it very difficult to add noise control elements. There are a lot of people working on this but it does make noise control difficult.

[SomethingInTheGround]

Arkansas use to be one of the most affordable states in the country. Now you can barely afford a crappy apartment and they stopped building houses.

[JoshuaBlanchard]

She mentions supply issues, but goes out of her way to not draw a line to the biggest issue in supply, which is regulations that make building difficult. She points out Vienna for its enormous public housing initiative, but not Japan where costs have been kept low just by allowing people to build.

[Yourname]

How is it legal for massive corporations to own homes.. I hate how much problems are caused by corporation led politics..