Why are Home Prices So Damn High? - Queer Money Ep. 524

Queer Money®: How Gay People Do Money

What’s behind the housing affordability crisis in America?

Real estate prices are off the charts, and unless you happen to be a high-net-worth individual, it’s nearly impossible to buy a home right now.

So, WTF is going on? Is there anything we can do about it?

Angela Rozmyn is the cocreator of Women’s Personal Finance, a platform that provides empowering financial education for women and nonbinary people.

She is also a passionate advocate for affordable, sustainable housing, working a day job for a company that builds LEED Platinum real estate projects.

On this episode of Queer Money, Angela joins us to discuss the myriad reasons for the housing affordability crisis in America.

Angela explains why the supply of homes has not kept up with demand, how interest rates impact housing costs, and what’s behind the NIMBY attitudes that drive real estate prices up.

Listen in to understand how it impacts a community when its service workers can’t afford to live where they work and find out what you can do to advocate for affordable housing in your city.

Topics Covered

• What makes Angela an expert in the realm of affordable housing issues
• Why it’s important to consider transportation costs as part of your housing expenses
• How it impacts our communities when service workers can’t afford to live where they work
• Who benefits from increasing home prices and who does not
• 6 reasons for the housing affordability crisis in America
• Why the supply of homes has not kept up with demand in the US
• How interest rates, permitting issues, labor costs and zoning affect real estate prices
• Why developers aren’t building starter homes anymore
• What’s behind NIMBY attitudes in the US and how they impact housing costs
• The advantages of adaptive reuse, i.e.: turning vacant commercial buildings into affordable housing
• Angela’s take on investors who bought up SFHs during the Great Recession
• Why people are migrating to high-density cities in the Sunbelt (and what to consider before you join them)
• Providing affordable housing for the growing number of single occupants
• What you can do to advocate for affordable housing in your community

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe

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