2472: The Bullish Case For The Housing Market with Adam Taggart

Jason is a guest on Adam Taggart's podcast and explores the current state of the American housing market, highlighting a unique period of low inventory and high interest rates. He argues that while affordability is at a forty-year low, the market remains resilient because existing homeowners are "locked in" by historically low mortgage rates. Unlike the 2008 financial crisis, there is a lack of distressed sellers and a significant surplus of home equity, which prevents a major price crash. The discussion also touches on the shift toward manufactured housing and the impact of a massive influx of multifamily rental units on the market. Ultimately, Hartman suggests that pent-up demand from millennials and Gen Z will likely drive prices higher once interest rates eventually decline.

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Key Takeaways:

0:00 The metrics you use

3:28 Upward pressure on rents

7:03 The need for more entry-level homes

9:02 Manufactured housing

11:23 Rents, Delistings and the housing shortage

20:12 Vacancies and the short term rentals

25:44 Inventory, mortgage and credit scores

31:07 The cost of ownership

35:33 The equity cushion & the LTV ratio