Why Is Affordable housing (i.e. lack of supply) Hard to Solve?

Added: 2026-05-20

[00:00:00]Why do you think affordable housing, particularly the lack of supply of affordable housing, has been so hard to solve for? And if you had a magic wand, like what would be the one thing you would change right now to get the biggest impact?

[00:00:11]>> this is multi-pronged. I mean, what was happening is that the market was moving so vastly far away from the supply-demand dynamic, there became this big dislocation. So now I think they're trying to play catch-up because for so long they were trying to infill this in so many different neighborhoods that they weren't allowing the larger communities to be built because they they they wanted to be spread out within the communities. That's number one.

[00:00:33]Number two, there's a lot of market influences, inflation, interest rates, things like that. And then third, I think there's a big misnomer with affordable housing, about what it is and who lives there and and what it actually serves and the communities and what it actually provides. I tell some of these properties we go to that are affordable housing, they have business offices, they have resort-style pools, they have granite countertops, they have shaker cabinets, they have property-wide Wi-Fi, they have garages. They are very nice, some of the nicest communities you've ever seen. They're serving teachers, they're serving police officers, they're serving all of the people that work so hard to make our lives easier. I mean, they have very high high restrictions on who can live there. And so I think those are the people we rely on every single day and those are the people you want in your communities. These are very nice properties and once you understand that, I think it will soften the maybe the marketplace stigma of affordable housing about what they think it is versus what it really is.