January 30, 2025· 35 min

Get Ready For Another Shock to Housing Affordability

Lee Everett

Orality

Model

89%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostTracy Alloway(1,792 words)

M:93%

HostJoe Weisenthal(1,078 words)

M:28%

GuestLee Everett(3,253 words)

M:27%

Oral Indicators

Agonistic24%

obviously, huge, very

Engagement64%

you, our, your

Memory Aids100%

listen, so, like

Repetition100%

like (49x), it's (47x), about (42x)

Parallelism80%

So have you heard the story ab..., And I'm Tracy Alloway...., And there are a lot of things ...

Sound Patterns53%

37 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases11%

i mean, the thing is, if you will

Literate Indicators

Hedging11%

maybe, probably, perhaps

Passive Voice5%

is increased, being talked, be expected

Abstract Nouns28%

investment, prescription, medication

Subordination6%

because, since, though

Sentence Length38%

Avg: 14.6 words/sentence

Word Complexity48%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style36%

444 personal pronouns found

Descriptive Style100%

automatically, family, obviously

Description

One of the primary drivers of elevated inflation — and the high cost of living in general — is the price of shelter. Whether you're buying or renting, housing is very expensive. Thankfully, over the last year, some of the increases we've seen in rent prices have slowed significantly, and we're not too far away from the pre-Covid pace. The bad news is that this might not last. A confluence of factors is coming together that may cause yet another shock to housing affordability. On this episode of the podcast, we speak with Lee Everett, the head of research and strategy at the multi-family operator Cortland. He talks about how the increase in interest rates caused new development of apartment buildings to plunge, meaning supply will be increasingly scarce again in 2026. Then add in deportations of construction labor, soaring insurance costs, plus industry consolidation, and you have the recipe for another big shock to housing affordability coming quickly down the pike. Read More: LA’s Backyard-Home Boom Offers Wildfire-Hit Residents New Option US Housing Starts Top All Forecasts on Multifamily Construction Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.

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