Epic Real Estate Investing - The Missing Millions: How 4.5 Million Homes Vanished from the Market | 1343

Episode Date: September 5, 2024

Are you ready to uncover why your dream home keeps slipping through your fingers? In today's episode, we delve deep into America's escalating housing crisis, where a staggering shortage of 4.5 million homes is not just a statistic—it's a reality reshaping lives and dreams. Discover how decades of underbuilding coupled with skyrocketing demand have catapulted home prices to unprecedented heights, making homeownership a distant dream for many. But it's not all doom and gloom; we explore transformative solutions like zoning reforms that promise a future where affordable homes might once again be within reach. Tune in as we break down the complex interplay of market forces and policy changes that could spell opportunity for savvy investors and hopeful homeowners alike. Join us and learn how to navigate and capitalize on these turbulent real estate waters. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Terio Media. Hey, strap in. It's time for the Epic Real Estate Investing Show. We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair. If you're looking for some one-on-one help, meet us at rei-i-a-s.com. Let's go, let's go, let's go, let's go, let's go, let's go.

Let's go. Hello, and welcome back to the Epic Real Estate. State Investing Podcast. My name is Mercedes Torres. Back to you from our studio in Las Vegas. Good to be here again. So let's dig in, shall we? Think you know why home prices are sky high? You might be surprised. It's not just the economy. It's a whopping shortage of 4.5 million homes. Today, I'm going to dive into what's causing this crisis and how it's reshaping the American dream. But before, let's hear from our sponsor. Tired of your 9 to 5 grind, in today's economy, saving money just isn't enough.

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Okay, so let's dive right on in. Now, based on information from an article written by USA Today earlier this year, the U.S. is grappling with severe housing shortage. From 2021 to 2022, the deficit grew to 4.5 million homes. The imbalance between the increasing number of families and the slower rate of construction exasperated by strict land use regulation in many regions is making housing less affordable. Experts suggest that relaxing zoning laws and reducing building permit delay, could help bridge the gap to create more affordable homes, also addressing both affordability and

availability issues. So today, I'm going to tackle the massive issue that's hitting wallets and altering futures across the U.S., the housing shortage. Over the past year, while families grew by 1.8 million, only 1.4 million new homes were built. I'm going to let you do the math there. We're not just a few homes short. We're millions of homes short. I mean, that phrase, millions of homes short, is a big deal. It is a direct result of the severity and the scale of the current housing crisis in the U.S. Over recent years, the demand for housing has sharply increased, really driven by population growth and changing in family structures, while the rate of new home constructions has lags significantly behind the demand. Now, additionally, there are various regulatory and economic barriers that have been.

have compounded to the problem, preventing the housing market from keeping pace with the increasing need, thereby creating a million home deficit. Now, this discrepancy between the supply and demand has profound implications. It's pushing home ownership out of reach for many and escalating rental costs, reshaping the lastcape of American housing. The shortage is a crisis born from a decade of underbuilding intensified by today's high mortgage rates. Areas with tight zoning rules? Well, you ask about that. Those are the areas that are feeling it the most. But here's a glimmer of hope. Changing in zoning laws could unlock the door to making affordable homes. Imagine millions of new homes are simply a policy tweak. It's possible, and there's

broad support for these changes. For example, community advocate groups, these are paying a huge role. Many community organization and housing advocates are actively pushing for zoning reforms. They're arguing to make laws a bit more flexible, which will allow us to increase the housing stock, creating more affordable options for residents. Also, real estate developers. These developers, they are petitioning for zoning changes that will allow for higher-density housing projects, which will in turn allow them to make projects more economically feasible, which can effectively help the higher demand areas.

And that will in turn help the demand for. for more housing. So as we look ahead, the key to solving the housing crunch isn't just building more homes, it's building smarter. This is where our local governments, our local officials are attempting to create policies to shift what is transpiring currently in our market. And this could be the blueprint for more affordable future. So for you real estate, investors out there, what does this mean? This crisis, it spells opportunity. Knowing where the shortages are can guide you where to invest and where to look into invest for your next investment property. You want to consider those areas that are high in rental demand, that also have

limited inventory, potentially even new builds. The future certainly might seem uncertain at the moment. But for savvy investors, for those investors who are in the know, for those of you who have the unfair advantage of doing research, of learning as much as you can and attempting to understand market trends, just continue to become educated, continue to follow the population growth. Because at the end of the day, as a real estate investor, you want to know where the best locations are going to be so that you can create the best bank for your buck. This way, you buy properties in areas where you know the demand is soaring. Tive in and let's capitalize on these market shifts together because this is opportunity

in the making. That's it for today. My name is Mercedes-Torres. And hey, if you found this information helpful. Share us with a friend and please give us a five-star review and tell me what you liked best about this episode. Also, feel free to give me a five-star review and tell me what you would like us to cover in the space of real estate investing. Doing so does a lot for the show. It also does a lot as we will provide you with the content that you want to hear. That's advice. for today. Have a great day where cash flow is quaint. And that wraps up the epic show. If you found this episode valuable, who else do you know that might too? There's a really good chance you know someone else who would. And when their name comes to mind, please share it with them and ask them

to click the subscribe button when they get here and I'll take great care of them. God loves you and so do I. Health, peace, blessings and success to you. I'm Matt Terrio. Living the dream. This podcast is a part of the C-suite radio network. For more top business podcasts, visit c-sweetradio.com.