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5 episodes with nimbyism
6 episodes with nimbyism
2 episodes with nimbyism
6 episodes with nimbyism
4 episodes with nimbyism
3 episodes with nimbyism
2 episodes with nimbyism
2 episodes with nimbyism
2 episodes with nimbyism
Why does affordable housing remain one of the most persistent challenges in real estate? In this episode, Jeannette Friedrich sits down with Bo Diamond, Co-Founder and Managing Partner of Caisson Capital Partners, to unpack the realities of attainable housing, the complexities of municipal politics, and how investors can balance returns with social responsibility. Drawing on his experience serving on a local housing crisis task force, Bo brings unique insights into why the problem is so difficult to solve and where practical solutions may lie. Key takeaways from this episode: - The difference between “Affordable Housing” with deed restrictions and “Attainable Housing” or naturally occurring workforce housing. - Why housing supply constraints are as much a political problem as an economic one. - The challenges developers face when community stakeholders, activists, and policymakers have conflicting goals. - Where innovation is most needed across capital stacks, policy frameworks, and development models. - How value-add strategies are evolving in today's market, with more focus on quality-of-life improvements than heavy renovations. - Why sustainable occupancy is often more important than chasing maximum rent growth. - Lessons from serving on a housing task force, including the realities of navigating public perception, NIMBYism, and municipal politics. Connect with Bo Diamond Website: www.caissoncap.com Email: bdiamond@caissoncap.com LinkedIn: Bo Diamond Timestamps 00:00 Introduction and Guest Introduction 01:52 Bo's Journey and Housing Crisis Task Force 04:21 Defining Attainable vs. Affordable Housing 21:33 REITs and Development Challenges 23:27 Evolving Value Add Strategies 32:22 Lightning Round and Final Thoughts Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose *
This week on Power House, Diego chats with Jonathan Wolf, the CEO of Wendover Housing Partners, about affordable housing — specifically in their local Florida market — and how they're working to combat pervasive NIMBYism. Jonathan also dives into Wendover's recent legislative victories on the affordable housing front and the role of major employers like Universal and Comcast in tackling NIMBYism. Here's what you'll learn: Why collaboration with employers is essential to overcoming NIMBY challenges How Wendover Housing Partners plans to double its community management in the next two years The importance of integrating services like healthcare and education into affordable housing communities The potential for replicating Wendover's successful model nationwide Jonathan's insights on engaging mortgage and real estate executives in affordable housing initiatives Related to this episode: Jonathan Wolf | LinkedIn Wendover Housing Partners HousingWire | YouTube Enjoy the episode! The Power House podcast brings the biggest names in housing to answer hard-hitting questions about industry trends, operational and growth strategy, and leadership. Join HousingWire president Diego Sanchez every Thursday morning for candid conversations with industry leaders to learn how they're differentiating themselves from the competition. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices
The long-awaited rollout of Amtrak's new Acela Express trains, highlighting their innovative features and the challenges faced during development. The conversation then shifts to the importance of public art in urban spaces, exploring the impact of NIMBYism on art installations and the necessity of integrating art into city planning for community engagement and identity. In this engaging conversation, the hosts explore various urban planning topics, including the humorous saga of a splash pad in Santa Barbara, the challenges of San Francisco's Vision Zero initiative aimed at reducing traffic fatalities, and insights into bicycle infrastructure and innovative urban planning examples. The discussion highlights the complexities and absurdities of city planning, community engagement, and the importance of effective infrastructure for public safety and accessibility.Send us a question: radiofreeurbanism@gmail.comPatreon: patreon.com/RadioFreeUrbanismSully: https://www.youtube.com/@SullyvilleEthan: https://www.youtube.com/@climateandtransitNic: https://www.youtube.com/@nicthedoor
In today's deep dive, Tom Bilyeu tackles one of the hottest—and most misunderstood—topics in urban life: rent control. As rents skyrocket in cities like New York and San Francisco, and an entire generation struggles under crushing debt and soaring housing costs, the call for rent control has become louder than ever. But Tom asks the hard question: does rent control actually make rents more affordable, or does it trigger a downward spiral of housing shortages, urban decay, and economic stagnation? Drawing lessons from around the world and diving into the history of rent control policies in cities like New York, Stockholm, Berlin, and San Francisco, Tom exposes the hidden costs and unintended consequences of top-down economic interventions. He argues that while rent control might sound like a lifeline for struggling renters, it often backfires—making things even worse by stifling new construction, deteriorating housing stock, and trapping communities in economic hardship. Through compelling stories and insightful analysis, Tom explores why these policies persist, the powerful forces—like NIMBYism and regulatory capture—keeping housing scarce, and how cities like Houston and Tokyo buck the trend with market-driven solutions. Packed with examples, practical takeaways, and a passionate call for economic freedom, this episode is a must-listen for anyone trying to understand the real roots of the housing crisis—and what can actually be done to fix it. SHOWNOTES 06:53 Rent Control's Impact on Housing Crisis 11:59 Rent Control's Unintended Consequences 14:07 "Emotional Economics and Policy Failures" 21:36 The Pitfalls of Populist Promises 34:11 Tianducheng: China's Paris Struggles 42:59 Free Market vs. Rent Control CHECK OUT OUR SPONSORS Vital Proteins: Get 20% off by going to https://www.vitalproteins.com and entering promo code IMPACT at check out SKIMS: Shop SKIMS Mens at https://www.skims.com/impact #skimspartner Allio Capital: Macro investing for people who want to understand the big picture. Download their app in the App Store or at Google Play, or text my name “TOM” to 511511. SleepMe: Visit https://sleep.me/impact to get your Chilipad and save 20% with code IMPACT. Try it risk-free with their 30-night sleep trial and free shipping. Jerry: Stop needlessly overpaying for car insurance - download the Jerry app or head to https://jerry.ai/impact Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact CashApp: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod iRestore: For a limited time only, our listeners are getting a HUGE discount on the iRestore Elite when you use code IMPACT at https://irestore.com/impact WORK WITH TOM! 7-8 Figure Leadership Workshop: If you're a 7 or 8-figure founder struggling with employee under-performance and/or churn, join my live workshop on Tuesday, July 22nd at 1pm PT. Register for free here. Zero to Launch GPT: Stop overthinking your business ideas and get clarity in 30 minutes. Access my free CustomGPT trained on my proven validation framework here. 7+ Figure Founders Only: Ready to abandon conventional business wisdom and think from first principles? Apply to work directly with me to scale your business here. ********************************************************************** LISTEN TO IMPACT THEORY & MINDSET PLAYBOOK AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices
We take a hard look at the soft xenophobia embedded in the jokes of beloved Seattle columnist Emmett Watson and the eco-soundbites of Oregon Governor Tom McCall. What starts as tongue-in-cheek jabs at newcomers evolves into real political consequences, downzoning, exclusionary housing policy, and a regional identity shaped by who we keep out. We trace the cultural and historical roots of “Lesser Seattle,” explore how humor became a gateway to NIMBYism, and examine how today's housing crisis can be traced back to decades of protecting “neighborhood character.”
Sun Belt cities like Phoenix, Miami, and Dallas were once havens for affordable housing—now they're facing price surges that rival coastal metros. In this episode, we break down why home prices are rising fastest in the very places known for loose regulations and sprawl. The culprit? A new wave of NIMBYism, restrictive zoning laws, and the collapse of the suburban expansion model. From failed apartment projects in Texas to developers fleeing Arizona, we explore how the same anti-growth forces that stifled coastal cities are now spreading inland—and what that means for the future of housing in America. Learn more about your ad choices. Visit megaphone.fm/adchoices
David McRedmond has just finished up as the chair of the Dublin taskforce which set out some clear recommendations to be taken by local and national government to improve our capital city. His day job though is running An Post and he has some notable thoughts on the issue of NIMBYism and delivering infrastructure in this country. Joe asked David about how An Post leverages all that data it has about nearly every single person in Ireland.
Hi! I'm Philippa, welcome to the British History Channel. Pop this on to keep you company for nearly 3 hours with Niall Devitt, in conversation with Philippa Lacey, as he talks about the London Underground, a product of Victorian engineering, has a rich history. Early experiences were marked by both fear and fascination, driven by the technological innovations that shaped its development. Despite facing significant challenges during its construction phases, the Underground's public perception evolved over time, reflecting societal changes. Financial struggles plagued it from its inception to the present day, but the integration of various transport systems was a key focus for improving efficiency. Influential figures like Brunel played a pivotal role in shaping London's transport future. The Underground's impact on urban development is still felt today, and understanding its history provides insights into modern public transport systems. It is intertwined with major historical events, such as World War I, which significantly increased its usage. Effective marketing and branding were crucial for its success, while Frank Pick's vision transformed its design and functionality. Leadership played a vital role in its development and success, and it served as a shelter during both World Wars. Post-war challenges led to innovations in its operations. The Underground's design reflects a blend of art and functionality, shaping London's suburbs and urban development. Its legacy continues to influence modern transportation systems.Chapters00:00 Introduction and Setting the Scene07:27 Education and Historical Interests11:37 The Birth of the Underground16:19 The Impact of Railways on London21:43 Challenges of Urban Development and Transportation27:10 Victorian Innovations in Public Health and Transport31:50 Challenges of Building the Underground37:13 The Birth of the Metropolitan Railway44:11 NIMBYism and the Struggles of Expansion51:34 The Shift to Electric Power in Transport58:10 The Launch of the City and South London Railway01:05:50 The Impact of American Technology on the Tube01:11:49 The Role of Key Figures in Underground Development01:20:01 Public Ownership and the Future of the Underground01:36:27 The Resilience of the Metropolitan Railway01:42:32 The Birth of London Passenger Transport Board01:48:24 Profitability and the Metropolitan Railway's Land Strategy02:03:10 The Underground as a Shelter: Historical Context02:10:41 Preparing for War: The Evacuation Scheme02:15:47 The Underground as a Shelter: Challenges and Solutions02:20:38 Cultural Resilience: Entertainment and Community in the Underground02:27:39 Tragedy and Mismanagement: The Bethnal Green Disaster02:32:54 The Evolution of the Underground: From Decline to Revival02:45:29 Farewell Thank you for listening, I hope you enjoyed it. There are many more here for you to browse through here, and on my Youtube channel where you can watch them as well - Youtube.com/@BritishHistoryIf you're not already, please subscribe and leave a review to help spread the word :-) Want more British History and more contact with me? Join at www.Patreon.com/BritishHistory to enjoy Historical Book Club, early access to content, exclusive blogs, discounts on British History Events and take part in Book Club! All for £5/month.London Underground, history, transport, Victorian era, engineering, technology, public transport, urban development, historical significance, cultural impact, London Underground, history, transportation, World War I, World War II, branding, design, Frank Pick, public transport, marketingI'd really appreciate your help in making this show the best it can be. I know time is precious but if you do have 10 minutes you can spare to fill out this anonymous listener survey, I'd be really grateful - http://bit.ly/britishhistorypodcast-surveyPhilippa founded award-winning Historic Tour Operator British History Tours in 2014. Find out about these luxury, fully-escorted, immersive historical experiences at BritishHistoryTours.com Hosted on Acast. See acast.com/privacy for more information.
In this episode, Jake discusses seven innovative market-based solutions to various societal issues, including immigration, education financing, organ sales, traffic management, environmental conservation, and housing development. He proposes a bidding system for immigration that incentivizes quality entrants, a shift from debt to equity financing in education, the legalization of organ sales to alleviate shortages, market-driven traffic solutions, intelligent environmental resource management, and development dividends to combat NIMBYism in housing. Each solution aims to create a more efficient and equitable society by leveraging market principles.
On our drive to day three of the Oak Cliff Film Festival, we have a chat about the latest Nic Cage vehicle, 'The Surfer' (and toxic masculinity, gentrification ,NIMBYism, feminism, the man-o-sphere...) Check out OCFF 25 Support Why Does the Wilhelm Scream Keep in touch and read more at whydoesthewilhelmscream.com on instagram and threads @whydoesthewilhelmpod Find out more about upcoming Fort Worth Film Club screenings and events at fortworthfilmclub.com and @fortworthfilm Support the next generation of film lovers at reelhousefoundation.org and on facebook reelhousefoundation Artwork by @_mosla_
We begin with a slightly idiosyncratic - and highly stylised - discussion of how Ireland went from a nation of farmers to a high-tech economy, missing out on industrialisation. Our focus is on one very simple question: Having got Ireland to ‘here', why is the current crop of leaders incapable of dealing with known problems that have known solutions?Previous generations of politicians and civil servants eventually took big and brave decisions. Perhaps backbone discovery requires a crisis. But we have had plenty of those recently, and have at least one right now. And nothing ever changes. Where are the giants now? The ones who, like Alan Dukes - and others - many years ago, took great personal career risks to do the right thing?Has democracy reached its limits? Small, sometimes single-person, blocking coalitions can impede or stop any policy they don't like. NIMBYism on steroids. Many economies will recognise this one.Today's crop of very smart politicians have worked out that the route to success - or mere survival - is to never make a mistake, never annoy anyone. That means never taking a decision. Let others do that and watch them fall by the wayside. Rise without trace. Hosted on Acast. See acast.com/privacy for more information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Thursday, 26 June 2025, Labour MP Willie Jackson reflects on the sudden death of his friend and Maori Party MP Takutai Tarsh Kemp. Should taxpayer money be used to pay for a rugby team? Heather dives into the Moana Pasifika story with NZ Herald senior journalist Kate MacNamara. The drug that made Oprah skinny is coming to New Zealand from next week. Novo Nordisk's Dr Ana Svensson tells Heather Wegovy could potentially help up to 2.8 million overweight Kiwis. NZ Rugby's Mike Hester gets grilled by Heather over the incident of referee abuse that's led to all rugby being postponed by the Horowhenua Kapiti Rugby Union. Plus, the Huddle debates Nimbyism in the light of a Government directive that will see 15 storey apartment buildings in Auckland suburbs. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.
New housing developments, especially highrises that require zoning changes, can draw opposition from residents, in some cases leading to referendums on whether the projects can go ahead. While some argue referendums amount to NIMBYism during a housing crisis, others argue citizens should have the power to block projects that don't meet neighbourhood needs.
It's not the Leafs. It's not the weather. And it's NOT immigrants buying up all the homes. Ontario's real estate disaster is man-made — built on bureaucracy, red tape, NIMBYism, and broken policy. On this episode of The Wise Old Owl Podcast, Vince pulls back the curtain on why homebuilding in Ontario is broken — and how it's crushing the dream of homeownership for millions of Canadians.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
WOOHOO...running on fumes I power through a very rage filled show with my super amazing partner Sam. Rage on Nimbyism, Rage on short side govermnet, Rage on poor politcal polling...so yea...Sleepy, Rummy Seth is a little angry...lol
In this episode, Ken and Russell sit down with Sandra Clarkson, President & CEO of The Calgary Drop-In Centre, one of North America's largest homeless shelters. Sandra has dedicated her entire career to the nonprofit sector, working both on the front lines and on the funding side, giving her a unique perspective on the challenges and opportunities within the sector. At The DI, Sandra lead a major strategic shift to a housing-focused model. Sandra shares insights into the challenges of implementing strategic change with long-serving staff some of whom may be resistant to new approaches: and navigating public engagement amidst NIMBYism and community pushback. Whether you're a leader in the nonprofit sector or just someone who gives a f*** about making meaningful change, this conversation offers valuable lessons on leadership, resilience, and the power of vision.Links:The Free Goods Program, by The Calgary Drop-In Centre: FreeGoodsProgram.caThe DI's Free Goods Program collects new and used donations and then distributes them to Calgarians who need them – at no cost. For donations that aren't required for programs, the DI will recycle or sell them to raise money that is better suited for other agency needs. No donation goes to waste.Subscribe & Share:If you enjoyed this episode, don't forget to subscribe and leave us a review. Share it with your colleagues who might need a fresh perspective on thriving in challenging work environments!— Ready to take your difficult conversations to the next level?Get our book: I Need To F***ing Talk To You! | The Art of Navigating Difficult Workplace ConversationsAvailable on:AmazonOwl's Nest BooksShelf Life BooksVisit our website: ineedtof-ingtalktoyou.com
Even before tariffs and higher interest rates pressured the economy, housing starts were lagging in Ontario's bigger population centres. A look at the obstacles to construction and affordability – including higher fees, taxes and even NIMBYism – with a panel of pros who know what the holdups are. See omnystudio.com/listener for privacy information.
In this episode of Radio Free Urbanism - we are joined by YouTuber and urbanism enthusiast Alexander Rotmensz. They explore Alex's path into urbanism, the power of beautiful design, and the role of community in shaping cities. The conversation covers the impact of architectural styles on identity, debates between modern and traditional architecture, and the influence of NIMBYism. They also highlight the transformative potential of e-bikes, cultural attitudes toward mobility, and the importance of infrastructure in supporting biking and walking. The episode wraps with a look at Hampstead as a model for thoughtful urban planning.Alex: https://www.youtube.com/@alexanderrotmensz Send us a question: radiofreeurbanism@gmail.comPatreon: patreon.com/RadioFreeUrbanism Instagram: https://rb.gy/ezn9rzSully: https://www.youtube.com/@SullyvilleEthan: https://www.youtube.com/@climateandtransitNic: https://www.youtube.com/@nicthedoor
In this episode of The Missing Middle podcast, hosts Sabrina Maddeaux and Mike Moffatt discuss the impossible trinity that broke Canadian housing. They explore the implications of stagnant neighborhoods, population growth, and government policies that hinder housing affordability. The conversation delves into the complexities of urban planning, the impact of NIMBYism, and the need for realistic solutions to address the housing crisis.Chapters00:00 Introduction01:06 Gregor Robertson's rough start as Minister of Housing03:51 Increased government housing would impact home prices05:06 Understanding the Impossible Trinity that broke housing07:37 Examples of cities doing two of three10:03 Not allowed to grow up or out equals spiking prices11:21 The illusion of legalized fourplexes14:15 Ottawa's zoning reform and stupid two-story height limit17:33 Toronto's wealthiest areas are the least dense18:20 Proposed solutions for housing affordabilityResearch links:The Impossible Trinity that Broke Canadian HousingCan Homes Become Affordable Without Prices Going Down?Toronto Star fourplex pieceHow Community Consultation is Ruining DemocracyHosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux Produced by Meredith Martin This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.
Liberals have been introspecting (some may say self-flagellating) since the 2024 election, to varying degrees of convincingness and success. There's the usual genre of complaints—NIMBYism, identity politics, the crisis of masculinity, forgetting about the factory man—but the one thing liberals agree on is that they can't be blamed for following their good, apolitical science. Today's guests want you to rethink that. We're thrilled to have on Frances Lee, Professor of Politics and Public Affairs, and Stephen Macedo, Laurance S. Rockefeller Professor of Politics and the University Center for Human Values, both at Princeton University, to discuss their new book, In Covid's Wake: How Our Politics Failed Us.We open up the book by asking our guests why they wrote this book—why attack liberals' response to the COVID pandemic, and why now? Lee and Macedo argue that liberal science and policymaking early in the pandemic faced multiple epistemic failures, from undisclosed conflicts of interest to the silencing of opinions outside the mainstream. David defends the United States's COVID policy response, but Lee and Macedo press their point that value-laden judgments were made by state and local officials who avoided responsibility by claiming to follow the science. We wrap up the episode with a discussion of scientific expertise in modern democracies.This podcast is generously supported by Themis Bar Review.Referenced ReadingsGreat Barrington Declaration“Is the Coronavirus as Deadly as They Say?” by Eran Bendavid and Jay Bhattacharya“What Sparked the COVID Pandemic? Mounting Evidence Points to Raccoon Dogs” by Smriti Mallapaty“Statement in Support of the Scientists, Public Health Professionals, and Medical Professionals of China Combating COVID-19” by Charles Calisher et al.“Everyone Wore Masks During the 1918 Flu Pandemic. They Were Useless.” by Eliza McGraw“The Covid Alarmists Were Closer to the Truth Than Anyone Else” by David Wallace-WellsThe Swine Flu Affair: Decision-Making on a Slippery Disease by Richard E. Neustadt and Harvey V. Fineberg
It's easy to grouse about "NIMBYism" in situations where organized neighbors push back against "progress," but in the case of Atlanta's Amsterdam Walk, the neighbors weren't against sensible development of a nearby commercial lot; in fact, they supported zoned usage. Instead, they were steamrolled by city council (with the mayor's blessing) and Portman Holdings, who now has the go-ahead to cram 1100 apartments and 1400-plus parking spaces and retail onto a parcel of land with but one two-lane connection to an already over-trafficked four lane corridor. Oh and the prospects of rail transit for the foreseeable future were crapped on by said mayor weeks ago.Joining me to discuss the varying impacts of a development of that size ... from traffic to quality of life to even air quality ... is Charlie Kaften with A Better Amsterdam Walk.
Ryder Kessler and Catherine Vaughan, co-founders of Abundance New York, joined the show to discuss the "abundance" wave washing over the national political discourse (in part inspired by the new book Abundance by Ezra Klein and Derek Thompson), what their vision for abundance in New York is, how to achieve it, NIMBYism vs YIMBYism, and much more. Their group is a relatively new nonprofit group (501c4) creating a new political community and working to influence politics and policy to increase the supply of housing, transit, public space, and clean energy. (Ep 491)
There was a time when geographic mobility defined America — one-third of the population relocated each year, chasing better jobs and brighter futures. But today, historian and journalist Yoni Appelbaum argues in his new book, Stuck: How the Privileged and the Propertied Broke the Engine of American Opportunity, that America's once-robust engine of upward mobility is grinding to a halt. Appelbaum challenges the long-held belief that income alone dictates housing choices. Instead, he reveals how restrictive housing policies — exclusionary zoning, historical redlining, and modern NIMBYism — have dramatically limited the supply of new housing, effectively blocking the paths that families once took toward prosperity. Today, affluent neighborhoods, often proudly progressive, tout diversity while quietly building invisible walls against newcomers, turning geographic mobility into a privilege reserved mainly for the wealthy. The result is profound economic stagnation, deepening political polarization, and psychological harm — leaving millions trapped, angry, and increasingly cynical about the future. Yet despite the immense costs, estimated at $2 trillion annually, Appelbaum sees genuine hope.
Join Maurice Brown, NC REALTORS® Local Advocacy Director, as he delves into Dare County's participation in the "Our State, Our Homes" initiative, a collaborative effort with UNC Chapel Hill to address the critical issue of affordable housing. Discover how Dare County, with its unique challenges, aims to develop sustainable housing solutions that can serve as a blueprint for other communities. Featuring insights from Donna Creef, Chair of the Dare Community Housing Task Force and Government Affairs Director for the Outer Banks Association of REALTORS®, and Willo Kelly, CEO of the Outer Banks Association of REALTORS®, this episode explores the complexities of workforce housing, the impact of tourism, and the vital role of REALTORS® in fostering community collaboration. Learn about the challenges of NIMBYism, land ownership, and rising insurance costs, and how Dare County is working to create a generational approach to housing.
Its Never his fault, is it?See omnystudio.com/listener for privacy information.
In this interview, V sits down with Jillian Olmsted, the Executive Director of The Inn Between, an organization that serves unsheltered individuals by giving them a place to stay, providing necessary medical attention, as well as hospice care. They deep dive into the intersection of end-of-life care, NIMBY-ism, stopping the cycle of homelessness, and how you can help. Learn more about your ad choices. Visit megaphone.fm/adchoices
Another swing and a miss. Contact Energy wanted to build a wind farm in Southland. They have been turned down. They are not the first and they will not be the last. Close to $300 million and hundreds of jobs are now not happening because of it. Also, the need to build 15GW of additional capacity in the next 25 years will not be happening either. So far, we have built less than 3GW. We are entering yet another winter where it is touch and go on power supply. The Minister has been busy wagging his finger at the gentailers. The climate campaigners bark on about the role of renewables, yet we continue to import record amounts of coal to cover the gap. We have cut a deal to keep Huntly going ever longer because the renewable dream is getting further and further away. Renewables may or may not be the answer to our problems at all. The simple truth about water, sun, and wind is they are beyond our control. Coal and nuclear isn't. But we seem to insist renewables are what we want to do, and yet we don't. Nimbyism will kill us. We seem happy to be shocked every year at the coal pile and we seem to be happy to be unhappy at the idea we don't have enough power to get us through a winter. The industry tells us they are investing in wind and solar. But are they? How many get turned down vs how many actually get the go ahead? Are we actually progressing, or taking a step forward and a step back? Here is the ultimate irony: there's been a lot said about this Government's fast track law. Their fast track law is actually just an extension, or an amendment, of the old fast track law, which Labour produced during Covid. Under that fast track law this wind project got turned down. So, is a “no” fast tracking? Or no tracking? If you can't get a wind farm through under fast track, are we actually into solving issues or not? See omnystudio.com/listener for privacy information.
Mark and Dr. Joe delve into the complexities of the housing crisis, discussing the social and biological implications of housing, the impact of zoning laws, and the challenges posed by NIMBYism. They explore innovative solutions such as accessory dwelling units and the potential for repurposing office buildings into residential spaces. The conversation emphasizes the need to reframe perceptions of affordable housing and the importance of community involvement in addressing these issues. This episode was originally heard on Me & Dr. Joe Takeaways Housing is a fundamental need, essential for safety and community. Zoning laws significantly impact housing density and availability. NIMBYism can reflect a fear of change and loss of community identity. Innovative housing solutions can include repurposing existing structures. Affordable housing should be reframed to include essential community workers. Community engagement is crucial in addressing housing challenges. The biological response to housing changes can trigger resistance. Understanding the social domain can help mitigate housing issues. Legislation can mandate changes in housing policy for community benefit. Collaboration and open dialogue are key to finding housing solutions. Chapters 01:37 Exploring the Social and Biological Domains of Housing 10:50 The Impact of Zoning Laws on Housing Density 19:00 NIMBYism and Community Resistance to Change 25:45 Innovative Solutions for Housing Crisis 32:08 Reframing Affordable Housing Perceptions Affiliate Links: Unleashing the Power of Respect: The I-M Approach by Joseph Shrand, MD This episode is brought to you in part by SecuriTitle, a fractional paralegal service assisting with all things real estate in Massachusetts and New Hampshire.
Mark and Dr. Joe give a shout out to the amazing team at Veterans' Voice, followed by a discussion on the state of the housing market in Massachusetts and abroad, with a focus on common-sense solutions to address the affordability crisis!
What happens when a liberal thinker shifts his attention from polarization to economic abundance? Ezra Klein's new book with Derek Thompson, Abundance, argues for an agenda of increased housing, infrastructure, clean energy, and innovation. But does abundance clash with polarization—or offer a way through it? In this conversation, Ezra and Tyler discuss how the abundance agenda interacts with political polarization, whether it's is an elite-driven movement, where Ezra favors NIMBYism, the geographic distribution of US cities, an abundance-driven approach to health care, what to do about fertility decline, how the U.S. federal government might prepare for AGI, whether mass layoffs in government are justified, Ezra's recommended travel destinations, and more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded March 7th, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Ezra on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Photo Credit: (c) Lucas Foglia
The best ideas are the ones that seem obvious—“Why didn't I think of that?” Sean Dobson saw the pile-up coming before the Great Financial Crisis (GFC) crashed the housing market. Sean and his company, Amherst, built a model to assess the true value of every home in America and bet right on what followed the GFC. Sean then had another great idea. Families who were foreclosed on were pushed out of the for-sale market but still needed a suitable place to live. So Sean pivoted to single-family rental (SFR) in the early days when there was still plenty of doubt from investors and market watchers. Today, Amherst is a diverse financial services company for some of the largest investor entities in the world; think pension funds, major endowments, foundations, and sovereign wealth funds. SFR remains a key focus. Sean shares his insights on the SFR market, housing supply and NIMBYism, housing affordability, off-site construction, and more. Here are some highlights from the latest New Home Insights podcast episode.
Is it possible for humans and large carnivores to share landscapes without conflict? What happens when predators like wolves, bears, and lynx return to areas where they've been absent for centuries? How do we balance the ecological benefits of apex predators with the real concerns of rural communities and farmers? We're trying to answer these questions with our returning guest Dr Jonny Hanson, author of ‘Living with Lynx: Sharing Landscapes with Big Cats, Wolves and Bears.'Drawing on his unique background in both farming and conservation, Jonny brings a nuanced perspective to this often polarising topic. He recounts his experiences growing up in Malawi where wildlife existed alongside urban areas, and how this shaped his understanding of human-wildlife conflict. The conversation explores the urban-rural divide in attitudes towards large carnivores, with Jonny pointing out that 'everybody loves a large carnivore when it's somewhere else' – a phenomenon he calls 'biological NIMBYism.' We also examine how compensation schemes for livestock losses often fail to deliver the expected outcomes due to bureaucracy and delays, turning farmers with positive attitudes into fierce opponents of predator reintroduction.In the episode, we also tackle difficult ethical questions about lethal control, the use of technology in managing human-wildlife conflict, and the philosophical meaning of "wildness" in our modern world. Jonny emphasises that while the ecological benefits of reintroducing large carnivores are important, we shouldn't overlook the emotional and philosophical dimensions – the sense of wonder that comes from knowing these animals exist in our landscapes, even if we never see them. We conclude the episode by attempting to predict if the reintroduction of predators to Britain and Ireland will happen in the coming decades.Buy Jonny's Book
"Family, Foundations, and the Future of Building with Crosby and Roby Simms of Simms Development"In this episode of The WB Download, host Jeff Wieland sits down with Crosby and Robert (Robi) Simms of Simms Development, a multi-family builder based in Dayton, Ohio. Jeff shares his long-standing history with the Simms family, rooted in their mutual involvement with the Home Builders Association, and introduces the brothers as the next generation leading their family's legacy.The Simms brothers discuss their journey into the construction industry, from early days on job sites to earning degrees and working outside the family business before taking the reins on January 1, 2024. They share insights into the dynamics of family business succession, the challenges of leadership, and the importance of clear communication and mutual respect.The conversation highlights the role of the Home Builders Association in shaping their careers and advocating for the industry, with Crosby sharing his experience as a board member and former HBA president. The Simms brothers also discuss their company's vision for sustainable, high-quality housing projects in the Dayton area and beyond.Jeff and the brothers tackle critical industry topics, including the impact of excessive regulation, the challenges of NIMBYism, and the importance of political involvement in driving change. They also explore innovative practices like self-guided home tours and virtual reality tools that enhance the customer experience.This episode is packed with personal stories, professional insights, and thoughtful reflections on the building industry's future. Whether you're a builder, homeowner, or industry enthusiast, this conversation offers valuable perspectives on creating homes, communities, and legacies.Tune in to hear about family, growth, and the art of building something meaningful—both in construction and in life!Learn more about Simms DevelopmentEmail Jeff your comments, questions, and topic requests, or be a guest on The WB Download.Email: WBDOWNLOAD@wielandbuilders.comSee Wieland Builders custom home gallery www.wielandbuilders.comSee podcast behind the scenes photosFollow us on Facebook, Instagram, YouTube, Houzz or Pinterest
Vancouver currently bans apartment buildings on 75% of its residential land. The city says that its current infrastructure wouldn't be able to accommodate high-density housing — and that upgrading the infrastructure to allow for apartment buildings would be way too expensive. But this is just another rationale for NIMBYism, according to Danny Oleksiuk of The Sightline Institute and Alex Hemingway of CCPA-BC. We speak with Danny Oleksiuk.
Today, Adam, Chris, Vicki and James discuss President Trump's first week back in office, including his first major speech at the World Economic Forum, Britain's trade relationship with the EU, and the government's plans to say no to NIMBYism through planning reforms. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhere Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Jack Maclaren with Anna Harris. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The editor is Sam Bonham.
In this episode of IEA Briefing, we explore why a 37-year-old paper on UK housing remains shockingly relevant today. Dr. Kristian Niemietz joins us to discuss the republishing of "No Room! No Room!" - Professor Alan Evans' 1988 analysis of Britain's housing crisis. Despite being written when multiplex cinemas were new and the Berlin Wall still stood, the paper's diagnosis of the UK's housing problems feels like it could have been written last week. The discussion dives into Evans' key insights about land prices, planning permission, and local authority incentives - issues that have only gotten worse since the 1980s. Dr. Niemietz explains how the paper identified core problems like NIMBYism (before the term even existed in British English) and the green belt's impact on housing development. They also explore how the planning system's effect on land costs leads to compromises in building quality and design. The conversation concludes by examining how the housing crisis has intensified, with current UK housing affordability ratios over 8 times median income in England and over 12 in some areas. While new factors like immigration now affect housing demand, the fundamental problems Evans identified in 1988 remain at the root of today's crisis. The discussion ends with a look at the growing YIMBY movement and whether there's hope for meaningful change in housing policy. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe
On today's episode we interview Angela Brooks. As managing principal at Brooks + Scarpa, Angie is responsible for growth in the firm's housing and policy sectors, leading the firm's sustainable initiatives, and overall firm management. Angie Brooks was the first woman ever to receive the Maybeck Award in 2021. She was also awarded the AIA Young Architects Award in 2009. Her firm won the 2022 AIA Gold Medal, 20+ National AIA Awards, the State of California and National AIA Architecture Firm of the Year Award in 2010 and the Smithsonian Cooper-Hewitt National Design Award in Architecture in 2014. Angie was also a co-founder and past President of Livable Places, Inc., a non-profit development company dedicated to building sustainable mixed-use housing in the city of Los Angeles. We talk about: - How Angie Brooks' early career in community planning, zoning codes, and nonprofit development set the foundation for her current focus in architecture. She shares an anecdote about her bold job application strategy after grad school. - We discuss how architects can influence policy and development, highlighting Brooks + Scarpa's leadership with Livable Places, the Affordable Housing Design Leadership Institute, and LA's Small Lot Ordinance. - Angie next shares insights into affordable housing. We cover funding and budgets, energy efficiency and sustainability, design theories, user outreach, and the awards that recognize Brooks + Scarpa's outstanding work. - Later, we unpack the complexities of getting affordable housing projects approved and Angie explains the realities of NIMBYism and BANANAS (Build Absolutely Nothing Anywhere Near Anything). - The episode wraps up with a look at the partnership of Angie Brooks and Larry Scarpa and the significance of receiving the AIA Gold Medal as a team. ____ Thank you to our sponsors: Arcol is a collaborative building design tool built for modern teams. Arcol streamlines your design process by keeping your model, data and presentations in sync enabling your team to work together seamlessly. - Website: Arcol.io - LinkedIn: https://www.linkedin.com/company/arcol-tech - Twitter/ X: https://x.com/ArcolTech Layer is the workflow platform for buildings, empowering teams to capture field data & photos, connect it to their drawings & models, and create beautiful deliverables & reports. Use Layer to build your own workflow to generate Room Data Sheets from Revit, manage your CA processes such as RFIs or Punch lists, conduct field surveys and much more. The best thing is, it's all connected directly to Revit so you'll never have to copy and paste data between windows again. - Website: https://layer.team/architectette ____ Links: Brooks + Scarpa Website: www.brooksscarpa.com Instagram: @brooks_scarpa Facebook: https://www.facebook.com/brooksscarpa/ Denise Scott Brown Episode Mentioned: Listen Here ____ Connect with Architectette: - Website: www.architectette.com (Learn more) - Instagram: @architectette (See more) - Newsletter: www.architectette.com/newsletter (Behind the Scenes Content) - LinkedIn: The Architectette Podcast Page and/or Caitlin Brady Support Architectette: - Leave us a rating and review! - Patreon Music by AlexGrohl from Pixabay.
What makes someone a NIMBY? The prevailing theory suggests that people support or reject new housing in their neighborhood based on what's best for them personally. The political scientist David Broockman provides a different explanation—one based on people's beliefs about important symbols such as cities or tall buildings, rather than self-interest. Get more from your favorite Atlantic voices when you subscribe. You'll enjoy unlimited access to Pulitzer-winning journalism, from clear-eyed analysis and insight on breaking news to fascinating explorations of our world. Subscribe today at TheAtlantic.com/podsub. Learn more about your ad choices. Visit megaphone.fm/adchoices
Wait till you hear what's going in in a Neighborhood in San DiegoSee omnystudio.com/listener for privacy information.
Overview In this special episode of Industry Relations, Rob and Greg welcome economist and author Professor Bryan Caplan to discuss his latest book, Build Baby Build: The Science and Ethics of Housing Regulation. The trio dives into the housing crisis, exploring how deregulation could address affordability, inequality, and other societal issues. Bryan's insights challenge conventional thinking, offering bold solutions for the future of housing. Key Takeaways • Core Argument: Bryan argues that excessive housing regulations have driven up costs, stifled innovation, and exacerbated inequality, advocating for widespread deregulation. • The 50% Reduction Claim: Deregulation could halve housing prices nationwide by enabling construction and reducing bureaucratic hurdles. • NIMBYism and Local Politics: Local resistance to development, often driven by fear and misinformation, remains a significant barrier to solving the housing crisis. • Economic and Social Benefits: Lower housing costs could address issues like inequality, mobility, and declining birth rates, while also improving quality of life. • Role of Realtors: Real estate professionals and associations could play a pivotal role in advocating for deregulation to increase housing supply and affordability. Watch Us on YouTube Check out Bryan's amazing graphic novel: Build Baby Build: The Science and Ethics of Housing Regulation Connect with Rob and Greg: Rob's Website Greg's Website Our Sponsors: CoreLogic Notorious VIP The Giant Steps Job Board Production and Editing Services by Sunbound Studios
In this episode, real estate agents and investors Erin Spradlin and James Carlson explore key trends in real estate investment and housing policy following the 2024 election. They begin by discussing post-election migration, examining where Americans are moving after the 2024 election. Using data from The New York Times and Redfin, they reveal a growing trend of individuals relocating based on political alignment, with states gaining population post-election often aligning with voters' political preferences. The hosts highlight that economic factors, such as taxes, also play a role in these moves, especially as younger and less wealthy individuals seek affordability. Shifting to California's Proposition 33, Erin and James dissect why voters rejected a measure that would have expanded rent control to newer homes. They discuss the pros and cons of rent control for landlords, noting that while such policies aim to address housing affordability, they often discourage housing development and harm small property owners. The hosts delve into understanding rent stabilization policies and the unintended consequences of capping rents, such as reduced profitability for landlords and a worsening housing shortage. They also address the broader housing crisis, citing a shortage of 4 to 7 million homes in the U.S. caused by restrictive zoning laws, labor shortages, and NIMBYism. The episode concludes with actionable insights for listeners on how to start investing in real estate, emphasizing the importance of understanding local policies, affordability trends, and political factors that influence the market. For more information visit: https://www.erinandjamesrealestate.com/
In this week's episode, host Daniel Raimi talks with Stephen Jarvis, an assistant professor at the London School of Economics, about local opposition—often called “NIMBYism,” or Not In My Backyard—to renewable energy projects in the United Kingdom and the cost this opposition adds to the clean energy transition. Jarvis discusses the permitting process for renewable energy projects in the United Kingdom, how the local impacts of these projects often outweigh broader societal benefits in the permitting process, and potential solutions to better align local and societal interests for a more efficient and equitable clean energy transition. References and recommendations: “The Economic Costs of NIMBYism: Evidence from Renewable Energy Projects” by Stephen Jarvis, https://www.journals.uchicago.edu/doi/abs/10.1086/732801 “Wilding” by Isabella Tree; https://www.panmacmillan.com/authors/isabella-tree/wilding/9781509805105 “The Overstory” by Richard Powers; https://www.richardpowers.net/the-overstory/ “Playground” by Richard Powers; https://www.richardpowers.net/playground/ “Extraction/Abstraction” by Edward Burtynski; https://www.edwardburtynsky.com/bookstore-inventory/extraction-abstraction-2024
Community opposition can thwart the most desirable—and needed—development projects. Connecticut developer Jerry Davis and CBRE's Jessica Lall offer tips and strategies for marshalling community support for worthwhile projects and overcoming the instinct to “just say no” to new development.1. Engaging the community early and maintaining open lines of communication are crucial for real estate developers to overcome community objections. By involving local stakeholders in the planning process and addressing their concerns, developers can build trust, gain allies and smooth the path for project approval.2. Local governments that adapt regulations to allow for a variety of housing types can ease the "missing middle" problem—affordable housing that falls between single-family homes and large multifamily properties.3. The affordable housing shortage can provide an impetus for regulatory changes and innovative solutions.4. Successful pilot projects can demonstrate how local communities can benefit from new development.5. Collaboration between government and the private sector can advance worthwhile projects that can be derailed by well-intention community opposition.
If NIMBY is the classist rejection of affordable housing ("Not in my back yard”), then YIMBY is sold as the progressive counter to it: “Yes, in my back yard; because I believe affordable housing should be widely available, even in my own neighborhood.” But of course, housing development has nothing to do with the needs of the poor or the working class. It has nothing to do with the public purpose. Steve's guest, political economist David Fields, explains: “YIMBY is yes to housing in my backyard, but housing for developers to extract profit from land value. So build as much as possible within a given area and, in the end, extract as much as possible through rent extraction and land value appreciation. It's not, in my view, yes to actual affordable housing in my backyard to house working class folks. No, it's yes to luxury skyscrapers, luxury this, luxury that. Build as cheaply as possible for vested interests to maximize gain.” YIMBY's want us to believe that sheer quantity will bring prices down, because that's how the market works. Those who object are accused of NIMBYism. In addition, “They're economically illiterate, they're economically stupid, they don't know, they don't pay attention, and they're not letting the magic do its magic. Which, anybody who knows a modicum of economics and knows that supply and demand is institutionally configurated - not natural - should be flabbergasted and say, how did this get to be so popular, so celebrated? Well, there are vested interests involved.” The episode explores the misleading narratives of YIMBYism and compares the market-driven approach to housing to trickle-down economics, emphasizing the constructed scarcity and profit motives behind urban planning. David points out the misuse of economic models like the Marshallian Cross, highlighting flaws in the market logic often used to justify YIMBY policies. David and Steve talk about the broader neoliberal agenda of privatization and deregulation, and its stranglehold on government policies. Awareness and organization are needed to combat systemic class inequality in housing and beyond. David Fields is from a critical realist and genetic structuralist ontology and epistemology. His work centers on the intricacies concerning the interactions of foreign exchanges and capital flows, with economic growth, fiscal and monetary policy and distribution, whereby critical attention is paid to the notion of endogenous money. He also delves into the political economy of regional development to study patterns with respect to the nature of housing, social stratification, and community planning. @ProfDavidFields on Twitter
For years, we've been told that lower mortgage rates could reignite homebuyer demand and help improve affordability so first-time homebuyers (or even rookie landlords) can finally buy their first property. But, with mortgage interest rates lowering right before our eyes, we're noticing something peculiar—affordability isn't improving. Home prices are staying stagnant, if not rising. Thanks to America's “golden handcuffs,” we're still in a housing market standoff, but there might be some solutions to fix it. We're bringing on The New York Times' Rukmini Callimachi, a real estate correspondent, to shed light on the vast affordability crisis affecting America. With homes “unmanageably expensive,” regardless of whether you're renting or buying, we need solutions that don't just spark up demand (like lowering mortgage rates). There's one glaring problem plaguing the property market, but why won't anybody fix it? Today, we're cracking this discussion wide open, speaking on the solutions that could ACTUALLY increase affordability in the future, the rising homelessness problem affecting working Americans and students, and how NIMBYism (not in my backyard) could be forcefully put to stop as communities struggle to build enough housing. If you want to get in (or get back in) the real estate game, whether as an investor, house hacker, or first-time homebuyer, these solutions could directly affect you! In This Episode We Cover: Housing inventory update and the “golden handcuffs” keeping housing constrained Why homebuyers are stuck and the magic interest rate that could unlock demand The root of our housing problems and what we must do NOW to fix it Growing homelessness (even among working adults) and why housing costs have gotten too high Modular home building and how this new type of construction could change the housing market forever And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! On the Market Grab Dave's Book, “Real Estate by the Numbers” Find Investor-Friendly Lenders See Dave at BPCON2024 in Cancun! Cheaper, Faster, and Better for Investors: Modular Homes Make a Comeback Read More from Rukmini Interest Rates Have Dropped, but Homeowners Are Not Moving Connect with Dave 00:00 Intro 02:35 America's “Golden Handcuffs” 06:52 Homebuyers Are Stuck 11:30 Affordability Solutions 23:55 Growing Homelessness 26:14 Construction MUST Change 29:56 Let's Get DENSE Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1026 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Are politicians missing the mark on the NAR settlement? Joining us in this episode is Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP), who highlights the unintended consequences of decoupling commissions, emphasizing that it could make homeownership less affordable, especially for first-time homebuyers, and the growing dominance of institutional investors in the market. We also talk about NAR's stance on fair housing and affordability, and why Gary is disappointed with their rigid approach. Touching on tricky issues like NIMBYism and zoning laws, as well as the need for NAR's advocacy role in Washington. Connect with Gary on LinkedIn. And check out his site garyacosta.com. Follow this link for Gary's article mentioned in this episode. For more on NAHREP check out - Facebook - X - Instagram - LinkedIn - YouTube. Visit online at nahrep.org. Follow Real Estate Insiders Unfiltered Podcast on Instagram - YouTube - Facebook - LinkedIn - TikTok. Visit us online at realestateinsidersunfiltered.com. This podcast is produced by Two Brothers Creative 2024.
When Cody Fischer decided to get into real estate development, he had a vision. He wanted to build affordable, energy efficient apartments in Minneapolis, not far from where he grew up.His vision was well-timed because, in 2019, Minneapolis's city council passed one of the most ambitious housing plans in the nation. One aim of that plan was to alleviate the city's housing shortage by encouraging developers like Cody to build, build, build.But when Cody tried to build, he ran into problems. The kinds of problems that arise all over the country when cities confront a short supply of housing, and try to build their way out.Today on the show, NIMBYism, YIMBYism and why it's so hard to fix the housing shortage. Told through the story of two apartment buildings in Minneapolis.This episode was hosted by Amanda Aronczyk and Kenny Malone. It was produced by Emma Peaslee and Sofia Shchukina, and edited by Molly Messick. It was engineered by James Willets and fact-checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer. Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
What’s Trending: Kamala Harris selects MN Governor Tim Walz to be her running mate. Jason questions whether he is as down the middle as the Harris campaign says he is. Prominent Seattle business owners are fed up with crime in Downtown Seattle as a major Starbucks location closes over safety concerns. // Live coverage of Tim Walz’s first speech as the Democratic nominee for Vice President. // A group in Seattle’s Belltown neighborhood is trying to block he construction of a building because of birds.
Christine Quinn, president & CEO of Win, the largest provider of shelter and supportive services for homeless families in New York City, reacts to the news that President Biden has dropped out of the presidential campaign, especially in her role as a Democratic delegate, and talks about the protests against the homeless shelter in Bensonhurst and other related news.
Coming to you from FreedomFest in Las Vegas, I talk with Founder Mark Skousen. He's been named one of the World's Top 20 Living Economists. Also, an event summary with GRE Investment Coach, Naresh. Learn about the deleterious consequences of rent control. President Joe Biden supports it (somewhat). If four tenants live in identical fourplex units, it actually makes sense for them to pay different rent amounts. I explain. We can construct more housing by relaxing zoning requirements in the right way—reduce off-street parking requirements, increase ADUs, no rent control, reduce minimum lawn sizes. There's higher homelessness in L.A., San Francisco, and Austin than Houston. Houston has a lower-cost market, few zoning requirements, and less NIMBY mindset. Politicians run on platforms like immigration, abortion, and inflation. But they don't run on reducing the debt because they don't see it as a problem that they created. At FreedomFest, I attended a presidential debate between the current candidates of the Libertarian Party, Green Party, and Constitution Party. Most or all agreed that the Fed should be abolished. The common theme at FreedomFest was: “Government, get out of the way.” Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold** ((00:00:01)) - - Welcome to GRE. I'm Keith Weinhold. I'm here at the world's largest gathering of free minds. It's a conference called Freedom Fest where I talk to the conference founder. He's been named one of the top 20 living economists in the world today, as well as a talk with one of our great investment coaches to learn what my conference takeaways are and more. Freedom, life, liberty and the pursuit of real estate and investing today. And get rich education. Robert Syslo** ((00:00:36)) - - Since 2014, the powerful get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Weinhold writes for both Forbes and Rich Dad Advisors advisors and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Robert Syslo** ((00:01:10)) - - Phone apps build wealth on the go with the get Rich education podcast. Sign up now for the get Rich education podcast or visit get Rich education.com. Corey Coates** ((00:01:21)) - - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold** ((00:01:37)) - - We're gonna go from Oswego, New York to Lake Oswego, Oregon, and across 188 nations worldwide. I'm Keith, while you are inside, get rich education. I'm attending a free office live and in person in Las Vegas today. One key economic freedom and what makes a free market free is that ability for producers and suppliers and landlords to set prices based on what the market will bear, whether that's a high price or a low price. Now, what's wrong with rent control, which is a law that puts a ceiling on the amount of rent that you're allowed to charge? Well, that sounds like a nice thing to do for one set of people in the short term. Well, rent control has the same effect as price controls on consumer goods. Keith Weinhold** ((00:02:30)) - - If the government thinks that cars are becoming too expensive, and they set up a new law that says that you can't charge more than $20,000 if you want to sell a new car, well, then those manufacturers will stop producing cars and soon enough, you, the consumer, cannot buy a car. You'd no longer have an automobile market at all. And the consumer suffers under no choice and even austerity. Put price controls on beef jerky and companies will stop making beef jerky. Put price controls on rent called rent control, and landlords have zero incentive to provide property, no motivation to improve property. And there is a raft just reams of evidence and studies out there that show that rent control, that is a surefire way to then reduce the supply of functional housing, just like the supply of cars or beef jerky would get cut. That's especially not a good solution in today's real estate supply constrained world. And, you know, here's what's interesting. The government created the inflation in the first place. That led to the high price problem that they think they can cure through rent control. Keith Weinhold** ((00:03:52)) - - I mean, government keeps trying to solve a problem that they created. Well, just take a new course, a new direction and stop the inflation. In that way, you'll cure the higher prices long term and then near term. What you can do is relax zoning requirements in order to create more housing. I mean, in three cases here, less government cures the problems, no inflation, no rent control, and thirdly, no stringent zoning. Knock down all three of those walls and instead, now what have you done? You've encouraged a bunch of builders to come into a market. You've encouraged competition. And what does competition do? It increases quality and it yeah, lowers prices. So cure the problem by knocking down the walls. You know, you as a landlord, I don't even think that there should be laws that say that you have got to charge every ten at the same rent amount. Yeah, and that is even if each one of your tenants has seemingly an identical unit, say, in a fourplex building. Keith Weinhold** ((00:05:04)) - - Now I'm on different fourplex buildings and I have most everyone like throughout history, I've had just about every tenant paid different rent amounts in the same building, even though all of the units were built at the same time and had the same square footage. Now a real estate investing newcomer, you know, they might think that that sounds unfair, that these tenants with basically identical units paying different rent amounts. But we all know how it works in practice, in real life. I mean, one of those four tenants might have the front unit with the best views, while the tenant with the best view. Well, of course they're going to be willing to pay more for that unit. Well, that right there, that's free market supply and demand. The fourplex unit with the best view will rent out faster and for more. But instead of that arrangement, if it's mandated, say, by the government that everyone in the building must pay the same rent, say that each of the four units must pay exactly $2,000. Keith Weinhold** ((00:06:07)) - - Oh, well, then the tenant with the worst view, which then has less benefit to living there, has to subsidize the tenant with the best view that already has the best benefit of living there, because they must all pay exactly $2,000. And then what about things like several months from now? Say you have a vacancy at Christmas. Well, it's hard to get a tenant to move at Christmas to get them in there. So you'll charge a low rent just to get someone in there then. Versus how you charge more now in summertime, because tenants demand units, a lot of them want to get settled in during the summer before the school year starts. What about a tenants living in your fourplex or rental single family home for five years, and their unit hasn't been painted or renovated in a while, and the tenant has seen you already. Well, they're probably going to pay less then a new tenant will in there say freshly painted unit. So my point is that even making every tenant of one individual fourplex building have to pay the same rent amount. Keith Weinhold** ((00:07:10)) - - Well, that is a form of rent control and that is actually unfair if they all have to pay the same rent amount. The free market is what's fair and enables a system of rent price discovery, instead of being confined and oppressed under rent control. Now here, the Freedom Fest in Las Vegas and we'll discuss the conference more. Today I attended one panel discussion. It was called How the Government Created the Housing Crisis and what we can do to Fix it, And it really gave specific solutions to provide more housing. This includes things like stop mandating a minimum square area for parking spaces. Stop mandating such large lawns. Instead, people can share a public park and relax the requirements that have so many easements out of property. Well, all that stuff is zoning in its stifles development and it leads to higher housing prices. Now, I maintain that not all zoning is bad. I don't think that you want a housing development surrounded by factories with smokestacks. So it's about relaxing zoning in the right way and promoting the right policies, like the benefits of a yimby movement. Keith Weinhold** ((00:08:27)) - - Yes, in my backyard. Removing off street parking mandates altogether and allowing more ADUs allow Single-Family homes on smaller lot sizes. And we've already seen some of that. We're seeing home builders do more of that. They're building single family homes closer together, smaller lot sizes. But a lot of the wrong strategies exist out there. And once people get the benefits, like the beneficiaries of these wrong strategies, I mean, they don't want to give them up. Like New York's rent stabilization program that gives rent breaks to wealthy New Yorkers that also have a pricey home out in the Hamptons. Well, that's not the right policy. That's not helping the people that need it most. And you know, when the wrong policies infiltrate a market, the reaction can be amazingly rapid. I mean, how rapid? Like, do you think you would see a construction project literally halt mid construction? Yeah. You actually can like construction cranes just stop swinging. In Saint Paul, Minnesota, you saw construction cranes stop mid-air mid construction. Keith Weinhold** ((00:09:38)) - - When Saint Paul moved toward a rent control of no more than 3% annual rent increases. Well, that's a form of rent control. When that happens, building stops because the developer knows that people don't want to buy those units or invest in those units or rent those units. And I've got more to discuss on housing shortly, but let's bring in the very founder, host and producer of Freedom Fest here. He has been named as one of the top 20 living economists in the world. Doctor Mark Skosan and you will hear some background noise in these conference interviews. We are at a conference at times. We're in the exhibit hall now. Interestingly, here with Mark, I bring up with him how much I dislike these political labels that just divide the nation. I mean, don't you agree that it would be great if the nation were less divided? Yes, we all would. Well, we can do our part by avoiding saying words like red and blue and oh, you know, I can't stand those maps. Keith Weinhold** ((00:10:44)) - - Then you see, I've mentioned this to you before. You see these maps in political season that show where the red states are and where the blue states are. I mean, how divisive and polarizing that is not unifying in the United States of America. The fact that this conference has a non divisive founder like Mark Skosan is what attracted me here. Sure enough, here you'll hear me tell him how much I appreciate this. This was prescient because the very next day after this interview that you're about to hear, that was the assassination attempt on former President Donald Trump. Hey, it's Keith Reinhold here. I'm at Freedom Fest with Freedom Fest host and founder Mark Scott. And thanks for having us here. Yeah. My pleasure, my pleasure. Thank you for coming. Well, I've got to tell you one reason that attracted me to this conference. I was concerned that it was going to be too politically partisan. And I respect you so much, because I know you have said that in most of all the books you've read, you've avoided these labels like liberal, conservative, left, right, red, blue, yes, progressive, conservative and all that. Keith Weinhold** ((00:11:58)) - - So that's what I'd like hearing when we talk about this conference championing principles of freedom and liberty. What does an American really need to know about freedom and liberty that's under attack today? Mark Skousen** ((00:12:09)) - - I think what we've tried to preach is the Adam Smith model, which you call the system of natural liberty. And what that meant was under the rule of law and justice and a robust competitive model. You've maximized the freedom of choice, freedom to choose your own work, your own business, how much salary you're going to charge or wages you're going to pay, whether you can hire or fire people. So within those rules, within those guidelines, you have maximum security. But in today's world, more and more everything, it's either being prohibited or mandated. So we're being squeezed from both sides. The idea of freedom of best to maximize freedom is for us to come together and find out what are the best solutions to improve our lives is the idea. So we talk philosophy, history, science and technology, healthy living, economics, politics. Mark Skousen** ((00:13:05)) - - It's all part of the program here. But it's not just a political conference. Keith Weinhold** ((00:13:08)) - - Part of this is lowering the guardrails and promoting free markets. The only thing that we've all seen happen in free markets is inflation, oftentimes ironically, created by some of those forces that put guardrails in place. So what does an investor there are a lot of investors here. Oh yeah. What does an investor need to know with regard to inflation today. How can the everyday person respond. Mark Skousen** ((00:13:33)) - - So one thing is we have a whole section on financial freedom because without financial freedom you're limited in what you can do and your influence that you can have. So this is very important. We live in an era of permanent inflation. Since World War two we've had permanent inflation. We didn't used to, but now we do because we're off the gold standard. We've adopted Keynesian economics, which means deficit spending all the time. We have adopted the dollar rather than gold. So we've lost that discipline. The fed is the engine of inflation. And they even have a policy of a minimum of at least 2% inflation rate. Mark Skousen** ((00:14:10)) - - We had a whole session. Actually Steve Forbes wasn't there, but Nathan Lewis is co-author of in the book inflation. We had a big session on what are the best inflation hedges. So we talk about gold and silver. The stock market, Bitcoin rallies, high bonds, real estate. We had all of those discussion. And that was the great thing about Freedom Fest is that you really do get answers and best solutions. At our conference, I attended that particular. Oh you did? Yeah. Keith Weinhold** ((00:14:38)) - - From Freedom Fest. Mark Skousen** ((00:14:39)) - - I've really. Keith Weinhold** ((00:14:40)) - - Enjoyed this. Mark Skousen** ((00:14:41)) - - So far. We have an exhibit hall. Keith Weinhold** ((00:14:42)) - - Which happens to be right. Oh yeah, we have breakout sessions that attendees can go to for the sessions that particularly interest. There are then a big general session where I've enjoyed presentations from Robert Kiyosaki to Ice-T. What is the future potential for getting Fest attendees? What would you like to tell them about what this conference entails? What they can. Mark Skousen** ((00:15:03)) - - Expect in the. Keith Weinhold** ((00:15:03)) - - Bank that they can. Mark Skousen** ((00:15:04)) - - Get? Well, one of the things is just the wonderful camaraderie that you feel, the buzz that you feel the meeting of like minded people who are all trying to seek best solutions rather than labels and attacking people. Mark Skousen** ((00:15:18)) - - And, we have the presidential debate here, for example. Well, we have all the third parties come together libertarians, the Constitution Party, the Green Party. We have RFK coming. The two major parties decided not to come. So, so much for their belief in democracy. But the idea is there's a there's something for everybody here. You want to improve your lifestyle, you want to prove your financial situation. You want to have better clarity on what is the proper role of government. Read about this A conference for you. This is an annual event that we usually have in the summer in Las Vegas and then other cities, and it's only 3 or 4. You know, we live busy lives, so can we come together once a year to learn to network, to socialize and celebrate liberty? I think we can if we plan ahead. When we. Keith Weinhold** ((00:16:06)) - - Drop these labels, we can get a clear download of sorts, remove filters. Mark Skousen** ((00:16:11)) - - And think. Keith Weinhold** ((00:16:12)) - - Clearly. And this is a largest gathering. Mark Skousen** ((00:16:15)) - - Of. Keith Weinhold** ((00:16:15)) - - Free minds. So for Mark Skelton I'm Keith Weigel. You heard Mark Skelton mentioned the presidential debate at Freedom Fest. I watched quite a bit of that. More on it later. Gray Investment coach narration is here in person with me at Freedom Fest. Coming up, he and I give you a download of some policy and real estate investing highlights that you can learn from. That's straight ahead. I'm Keith Reinhold, you're listening to get Rich education. 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You keep getting paid until you decide you want your money back there. Decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor, to earn 8%. Hundreds of others are. Text. Family to 66866. Learn more about Freedom Family Investments Liquidity Fund on your journey to financial freedom through passive income. Text family to 66866. T. Harv Eker** ((00:18:23)) - - This is the millionaire mind trick. You're listening to the powerful get Rich education with Keith Weingarten. Speaker UU** ((00:18:29)) - - Don't quit your day dream. Keith Weinhold** ((00:18:39)) - - Hey, we're here talking about Freedom Fest, and I'm doing that alongside gray investment coach. The race. Hey, welcome in the race. Hey, Keith. Keith Weinhold** ((00:18:47)) - - We are here in real life at Freedom Fest in Las Vegas, Nevada. And what Freedom Fest does is it promotes and champions the ideals of freedom in the United States, and it includes a bunch of guest speakers that have made appearances here that you got to see in person, from Ice-T to Robert Kiyosaki to a bunch of presidential candidates as well, sometimes not championing principles of things like freedom and tolerance and liberty and tyranny. And I think anyone can agree to freedom on a this basis. But when you think it through and where the discussion really begins is, oh, well, if you have freedom, does that mean you should be free to do anything at all that you want? Probably not. And that's quite a discussion or tolerance. That's an ideal. That sounds good, but oh does that mean you should tolerate absolutely anything? No probably not. So that's where a lot of the interesting policy decisions and a lot of the interesting debates come in here in the race. And I attended some of these presentations together and other ones separately. Keith Weinhold** ((00:19:53)) - - So we have some different perspectives on what we've learned here at Freedom Fest. Grace, why don't you tell us about some of the good takeaways that you had? I had a lot of good takeaways, Keith. Mark Skousen** ((00:20:03)) - - This is not just about freedom in the United States. It's about freedom around the world. And you even interviewed and I believe we're playing that interview soon. If you haven't already played it yet, you interviewed probably the freest nation in the world. It's a brand new nation and it's called liberalism, like liberty, land libre land in Europe. And it touts itself as the freest nation in the world. So there have been all sorts of topics happening or talked about from business, finance, economics, real estate, crypto, bitcoin, gold to non-business and financial topics, which I actually found more interesting simply because. Keith Weinhold** ((00:20:46)) - - Most of what I listen to and what. Mark Skousen** ((00:20:48)) - - Is business finance econ. I wanted something a little bit different, especially as a father of two young boys. There were topics on gender and sexuality. Keith Weinhold** ((00:21:01)) - - And. Mark Skousen** ((00:21:02)) - - Vaccinations being the vaccinated versus unvaccinated. Robert F Kennedy was the keynote speaker at this conference, and he's a major presidential candidate. Keith Weinhold** ((00:21:12)) - - RL Jr RFK. Mark Skousen** ((00:21:14)) - - Jr. Even though he's not part of a major party, he's probably the most popular third party candidate over the last 30 years, so he's a candidate. There were lectures on healthcare. Keith Weinhold** ((00:21:28)) - - And. Mark Skousen** ((00:21:29)) - - How to be a better patient. And hold your doctor and hold the healthcare system accountable. The other aspect of this conference is there are some heavy hitters just walking around freely. Like I met Matt Ridley easily, I met Robert Kiyosaki, just he was dressed in very casual clothing to where people didn't even recognize them. And I did and told him how much I appreciated him. You know, you and the great podcast and huge inspiration for me. Yeah, people like Kiyosaki walking around freely, presidential candidates walking around freely, many third party candidates, not just RFK. He wasn't walking around as freely. He was in and out pretty quickly with really heavy security. Mark Skousen** ((00:22:09)) - - But you had other third party candidates, like the Libertarian Party candidate and the Green Party candidate walking around freely. I ran into Vivek Ramaswamy, his campaign manager, while getting pizza. We are both standing in line getting pizza. We ended up having about almost a two hour lunch. One day talking finance business Vivek's policies his future. So overall this conference very educational, inside the classroom, very beneficial outside the classroom. We're going to bring some guests on the great podcast. We met at this conference, publicists who we met at this conference who represent good guests, some business development opportunities, maybe some not just good guests, but people who we would recommend their newsletters, maybe even outside of the real estate industry, people, contacts within the real estate industry. So it's not all about what you learn in the classroom. It's also about who you meet, the networking, the business development. Overall, just a really, really successful experience. There were a few. Keith Weinhold** ((00:23:11)) - - Shows that snagged me as a guest while here as well. Keith Weinhold** ((00:23:15)) - - I'm talking about American freedom here chiefly. But you did mention Lebanon, a startup nation between Croatia and Serbia. That's seven square kilometers in area. You know, I think there are a lot of people at a conference like this and just anywhere in society where if you ask them, well, hey, if you think you could run the nation better if you were starting it all over again, how would you start a nation from a clean slate and actually got an opportunity to do that? Well, I'll be interviewing the president of Lebanon here, where this country is trying to seek recognition from any nation. They want to start their own country, and they want to do freedom and really begin a country of their rights. Mark Skousen** ((00:23:55)) - - And see is, is is. Keith Weinhold** ((00:23:57)) - - Is is. Mark Skousen** ((00:23:57)) - - Bitcoin I think not just crypto but it's bitcoin. And it's interesting because you hear a lot of times you don't like the country that you live in, go somewhere else. These people took it to a whole new level and said, well, we're just going to start our own country. Mark Skousen** ((00:24:10)) - - And and it's about three square miles. So it's about the size of the area that I lived in. Tampa, not even Tampa, just almost the neighborhood that I live in, Tampa. So it's not a huge country, but it's interesting talking to them. And as you'll hear in the interview, hearing about what it's like to start a new country and there's a lot that you have to go, you know, there's a lot of fundraising if you want to call it that, that you have to do. It's it's a lot it's bigger than the business. Keith Weinhold** ((00:24:37)) - - You'll learn more about that on an upcoming episode of the show with the nation of Berlin. I attended a presentation called A Forgotten Solution to the Housing Crunch. Most people think of real estate development is either single family homes or multifamily properties. This espoused the building of light touch density of 2 to 4 unit properties, and how that increases the density. But it maintains character. And they showed an awful lot of photos in the presentation where from a street, a four unit building can actually like a single family home when it has the right design and therefore you don't get this NIMBYism pushback. Keith Weinhold** ((00:25:16)) - - I saw a number of smart design examples of that. And you know what this does? Will this help keep the cost of housing down in an area? What it allows for in a society is it allows the children who grew up in an area to afford the housing there without being priced out. Also called this multifamily missing middle 2 to 4 unit housing. You don't have the NIMBYism pushback that you do with multifamily housing. There are an awful lot of opinions here about people that want to avoid rent control, about how that's typically the bad policy. And many likened rent control to bombing American cities over time because landlords don't have an incentive to improve anything. So rent control is not a good solution to increasing the housing supply. And a lot of the discussion was how you get politicians to say no to rent control, sharing with them. Cato Institute studies on how the free market really makes for a higher housing supply, because that makes developers want to come into the market. And it was noted in one of the panel discussions about rent control and about providing more affordable housing. Keith Weinhold** ((00:26:27)) - - But if there's a four unit building of owners of all four units of that building, how that's deemed as less threatening than if there's a four unit building of renters. Mark Skousen** ((00:26:38)) - - So question for you, the housing panels that you attended were these people, were they private investors or they worked for private equity companies? I think maybe a documentary filmmaker who does real estate documentary, what was their background? Keith Weinhold** ((00:26:50)) - - Think tanks and yes, a documentary filmmaker of a film called Shabbat Vacation. And I did not get to see the film about the perils and ills of rent control on Shabbat vacation. But I talked with one of the people that worked on the project and basically that movie. It does glorify the landlord that was brought up. And typically in popular culture, you don't glorify the landlord. I mean, the landlord is kind of the beleaguered party in this, and it was critical of rent control there. And so it's helping to spread an awareness of how that really doesn't help the housing supply. Quantity work quality over time. I attended another presentation. Keith Weinhold** ((00:27:33)) - - It was called Homelessness California versus Texas and Homelessness. Of course, it's a multifaceted problem. There are a number of reasons that it occurs, but they really brought up that it often results from the loss of family connection a lot more often than what some people think. And it really brought to light that Houston has a lower proportion of homelessness in L.A. and San Francisco does. What are the reason this that that is the case. And that is because Houston has a lower proportion of homelessness, because it's a lower cost to build there, and Houston has way fewer zoning requirements, you see, almost like a hodgepodge of building across Houston. You have substantially less NIMBYism in Houston. You just have a culture there that doesn't push back on buildings. So those are really some of the key parallels between why the homelessness crisis is worse in California than it is in Texas. In most places, Austin actually has policies that are so agricultural to the rest of Texas, giving Austin a somewhat higher homelessness rate. Mark Skousen** ((00:28:38)) - - Wow, that's a lot of real estate content that you got there. Mark Skousen** ((00:28:42)) - - Anything else? Keith? Keith Weinhold** ((00:28:44)) - - Another presentation I attended was called Permanent Rising Prices. What are the best inflation hedges? And, you know, for a while they didn't even put real estate up there as one of them. And I was almost foaming at the mouth getting ready to ask a question. But they did bring in real estate at the end. When it comes to inflation. Many of them brought up the fact that we have multi-trillion dollar deficits even when we're in good times. I had never thought of it that way before. If most people would look at the history of the world and what's happening with the nation while they're running multi-trillion dollar deficits, they probably think that they're trending toward poverty and austerity. But that's not the case. This is what's happening in good times. And politicians, they really don't run on a platform of reducing our debt. You notice that none of the politicians do that. Instead, you see politicians run on platforms like immigration or the housing shortage or abortion. But, you know, politicians, they don't run on a platform of reducing our debt. Keith Weinhold** ((00:29:42)) - - And that's because they all see it as a problem that they didn't create, and they don't really want to work their way out of it either. So that's why it doesn't come up. Also, with the best inflation hedges, they showed the rank of asset performance for the last 200 years of five items stocks, bonds, treasury bills, gold and the dollar. And really it was coming down to two guys debating on whether stocks or gold were better. They both made their case either way. And they didn't bring in real estate until the end. But when they brought in real estate, they broad brushstroke and do what so many do, and they just looked at it as an asset class in what is its capital appreciation over time. Yeah. And you know, they didn't separate out income property as its own class like we would. But some of the panelists, they did not like real estate. They talked about how it's not liquid, about how you have to borrow funds, about how there's a maintenance burden and a repair burden with real estate, and you have tenants and management and some things like that. Mark Skousen** ((00:30:40)) - - Fair, all fair. Keith Weinhold** ((00:30:41)) - - All fair points. And one panelist brought up that gold has outperformed the gold mining stocks just historically over time. So those are some of the inflation hedges and some of the other issues with inflation that you don't think about very much as you have policy advocates and politicians addressing. Mark Skousen** ((00:30:57)) - - Well, I'll say gold mining stocks and most traders will tell you traders by gold mining stocks, not investors. So gold mining stocks are meant to be held over the short term. They are not meant to be held over a long period of time like physical tangible gold is. So for people to say, oh yeah, gold outperforms gold stocks over a 30 year period. That's true. But most people are buying gold stocks Like gold mining, stocks are only holding over a short period of time. Keith Weinhold** ((00:31:29)) - - Well, housing and inflation were such widespread themes here since it has been such a problem, much of it wrought by the pandemic. As we wind down here summarizing what we've experienced at our first Freedom Fest, for each of us, have any last thoughts with respect to housing and inflation since they were such overarching themes? Mark Skousen** ((00:31:49)) - - Well, the common theme here at Freedom Fest was government got out of the way because if you let the free market work itself out, if you let people be, people work themselves out. Mark Skousen** ((00:32:01)) - - But the onus on people to take personal responsibility, that in and of itself solves the inflation problem because you don't have government restrictions, government mandates, and And this was a major topic and that was the lockdowns of 2020. The mandatory vaccine mandates of 2021, those were all inflationary because when you have people fired from their jobs or dropping out, quitting their jobs because they didn't want to take this job, that means prices are higher and lower. Workforce means you have to pay the whoever is there higher wages. And that's what ended up happening. So it's not just about dollars and cents. It's something as simple as getting a job caused inflation. And ultimately when inflation goes up, of course that's going to affect rents, that's going to affect housing. There was a major savings rate, which I'm sure you covered in 2020, where people were saving money, being locked down at home. And once things started opening up, that money was spent and that created inflation. And people, as soon as they could get out of their house said, hey, I want to move to Florida, or I want to move to Texas or Utah or where we are here in Nevada. Mark Skousen** ((00:33:10)) - - And that's why housing values exploded. So the inflation was caused by government. It wasn't just the government spending. It was actual psychological and physical things that the government or the policies of the government did that created an inflation. The government spending, the low Federal Reserve interest rates are just a piece of the pie, or they're just a couple of pieces to the pie. And so it was interesting to learn that all these other areas, all these other, like I said, policies that the government enacted. And that's what Robert F Kennedy Jr, RFK, talked about in his keynote speech. All of these policies affected the purchasing power of our dollar. Keith Weinhold** ((00:33:53)) - - We have all had more dollars chasing fewer goods and services, one of those being housing itself. Hey, it's been great to meet up here in real life at Freedom Fest this year in a race. I appreciate you sharing your thoughts. Thank you Keith. I'm great. Yeah. Narration I enjoying freedom Fest here. Oh, there's such a wide variety of vendors and viewpoints all around this concept of free thinking, typically with getting government out of the way. Keith Weinhold** ((00:34:29)) - - In fact, in the exhibit hall, which is right across from where the speaker discussions are, there are booths for gold, real estate, cryptocurrency stocks, a dating app for unvaccinated people, self-directed IRAs, a program for teaching capitalism to school children. There is even a book that espouses biblical capitalist virtues. And then elsewhere in the exhibit hall, atheist virtues. There was also a promoter of a currency called the Nevada Gold Back, and what it is is 1/1000 of an ounce of 24 karat gold. And it is physical like gold back. It looks sort of like a dollar bill, just much, much more in the exhibit hall. Now, one concept that I did not hear any criticism about was Trump tariffs. Tariffs are not free market. In fact, it's akin to erecting a trade wall. And maybe there is a session about it. But there are many sessions going on concurrently and I can't attend them all. And in other sessions I was asked to be a speaker and was interviewed. Like you heard. Keith Weinhold** ((00:35:45)) - - Doctor Scholes had mentioned there was a presidential debate here. Now the two major party candidates didn't attend. I watched RFK Jr speak here, an independent candidate, and he was not in the presidential debate, though he spoke separately in the security for RFK Jr was formidable, even though he spoke the day before the Trump shooting. The presidential debate was among three different parties. It was Jill Stein at the Green Party, Randall Terry of the Constitution Party, and Libertarian Party candidate Chase Oliver, who is a particularly bright, articulate guy, and most or all of those candidates, they agree that we should end the Federal Reserve. And the presidential debate, interestingly, was moderated by Congressman Thomas Massie, who has more formally proposed ending the fed outside of the presidential debate. I also attended a different session. It was a Bitcoin debate called Will the Bitcoin bubble ever burst? And you had two guys promoting and talking about the virtues of Bitcoin. And then you had two guys criticizing Bitcoin. And one of the two bitcoin critics was Whole Foods founder John Mackey. Keith Weinhold** ((00:36:58)) - - So this really got interesting. Now I like a lot of the benefits of Bitcoin personally, but I must say in this particular debate the Bitcoin critics decide that Maggie was on. Oh they won this. The proponents best points were the people back in the day said electricity in the internet word feasible. They weren't going to last, but electricity and the internet won and Bitcoin will to the pro camp also espouses that Bitcoin is the first time we've had absolute digital scarcity. You cannot copy and paste bitcoin, but yeah, the critics did a better job. They said that Bitcoin is always made future promises, but it falls short like its awful acceptance rate as a currency. Still today its price levels are dreadfully volatile, just miserably volatile. You can't count on it then as a store of value. John Mackey said that Bitcoin produces no goods, no services and no cash flow. The Bitcoin critics also asked more than once this question how has Bitcoin made anyone's life simpler, easier or better? There really weren't any good answers to that question, and they even critiqued that with its fixed supply at 21 million will, then it cannot grow with the economy. Keith Weinhold** ((00:38:21)) - - And then what this can do is create deflation and depression. And I would like to adhere myself that each Bitcoin is already divided into 100 million tiny pieces called satoshis. And it might be able to be divided smaller than that eventually. But yeah, the Bitcoin critics won. It is quite a win for bitcoin, in my opinion, that this nascent digital asset that was only worth a few pennies 15 years ago when it came out, I mean, it was something that only cryptographers and digital geeks understood. Well, today you've got presidents discussing bitcoin. So it's certainly had some success just in branding and name recognition alone. That is just about a wrap from Freedom Fest this year here in Las Vegas, there were record breaking temperatures outside in the Mojave Desert in the middle of summer. Inside, it was a celebration of ideals like life, liberty, prosperity, and of course, freedom. Until next week, I'm your host, Keith Wendel. Don't quit your day, dream. Speaker 6** ((00:39:35)) - - Nothing on this show should be considered specific, personal or professional advice. Speaker 6** ((00:39:39)) - - Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss the host is operating on behalf of yet Rich education LLC exclusively. Keith Weinhold** ((00:40:03)) - - The preceding program was brought to you by your home for wealth building. Get rich education.com.
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