Addressing the Housing Crisis: Michelle Young's Expert Advice
Attention real estate professionals! Are you concerned about the shortage of affordable housing and the impact it has on homeownership opportunities? Join me, Mike Mills, as I talk with housing finance expert and advocate, Michelle Young, about the state of the housing market and the need for affordable housing solutions. Gain valuable insights into the booming market for new builds, the importance of labor and construction partnerships, and the impact of regional community banking. Don't miss this episode of the Texas Real Estate & Finance Podcast, where we delve into the challenges facing the industry and discuss strategies for building a sustainable and affordable housing market. Tune in now!
The key moments in this episode are:
00:00:12 - Introduction
00:01:25 - Podcast Mission
00:02:36 - Introduction to America's Homeowner Alliance
00:07:38 - Factors Contributing to Skyrocketing Home Prices
00:09:41 - Cost of Building Single Family Homes
00:15:33 - The Rising Cost of Homes
00:16:47 - The Impact of Institutional Investors
00:17:38 - Converting Rental Properties to Homeownership
00:19:37 - The Power of Institutional Buyers
00:22:05 - The Commodification of Housing
00:30:14 - The Market for New Builds
00:31:23 - The Need for Affordable Housing
00:33:16 - The Importance of Partnerships
00:34:00 - The Impact on Regional Community Banks
00:35:51 - The Growing Homelessness Issue
00:45:56 - The Importance of Advocates in Real Estate Transactions
00:46:18 - The Impact of Commission Savings on Offers
00:47:02 - The Risk to Buyer's Agents
00:47:48 - The Long-term Consequences
00:49:58 - The Importance of Homeownership and Affordability
01:00:03 - The Importance of Home Ownership
01:01:09 - Adapting to Changing Times
01:02:11 - Advocacy and Fighting for Change
01:04:33 - Unity and Collaboration
01:05:55 - Continuing the Fight
Understand the Affordable Housing Challenges: Gain insights into the current obstacles and complexities surrounding affordable housing to navigate the market effectively.
Harness the Power of Homeownership in the Economy: Discover the crucial role that homeownership plays in driving economic growth and stability, unlocking new opportunities for success.
Navigate the Role of Government in Housing: Gain a comprehensive understanding of the government's involvement in housing policies and regulations, empowering you to adapt and thrive in a dynamic industry.
Unite for a Stronger Industry: Explore the call to action for industry unity, discovering how collaboration and collective efforts can address affordable housing challenges and create positive change.
Connect with me here:
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The resources mentioned in this episode are:
Subscribe to Mike Mills Mortgage and Finance: Hit the subscribe button on your podcast platform or check out the YouTube channel at Mike Mills Mortgage and Finance for more content.
Join America's Homeowner Alliance: Become a member of America's Homeowner Alliance to support their advocacy for sustainable and responsible homeownership.
Stay informed: Stay up to date with expert insights by subscribing to the podcast or YouTube channel to never miss out on valuable information about homeownership, real estate, and personal finance.
Advocate for change: As a homeowner or realtor, advocate for policies that make homes more affordable and accessible for all. Get involved in local housing policy discussions and support organizations dedicated to promoting homeownership.
Take action: Take actionable steps to promote homeownership yourself. Consider becoming a homeowner if you're ready, or if you're a first-time home buyer, educate yourself on the process, and seek out resources and assistance.
Support affordable housing initiatives: Look for ways to support initiatives that promote affordable housing in your community, such as volunteering with local organizations or donating to affordable housing projects.
Educate yourself: Continuously educate yourself on the complexities of the housing market and personal finance to make more informed decisions on your journey
