{"podcast":{"title":"Optimist Economy","slug":"optimist-economy-7257068","podcast_index_feed_id":7257068,"rss_url":"https://publicfeeds.net/f/14811/feed-rss.xml","website_url":"https://optimisteconomy.com/","image_url":"https://f.prxu.org/14811/images/160bea8c-1709-420c-9302-11462f46d1b6/20250316_120343_934a657c8303c901ea17b8b7452ae07d.png","author":"Kathryn Anne Edwards and Robin Rauzi","episode_count":62,"summary":"Optimist Economy is the anti-doomscroll economics podcast. Work rules, tax fairness, healthcare, housing costs, retirement security — the economic forces shaping American life have real problems. But also real solutions. Each week, economist Kathryn Anne Edwards and editor Robin Rauzi break down one problem and solution with data, history, humor, and a belief that tools to build a better economy exist. We just haven't tried them. New episodes on Tuesdays. ✨ Support the podcast at: optimisteconomy.com ✨ Ask questions or share your economic worries with us at: optimist.economy@gmail.com","last_synced_at":"2026-07-07T18:17:17.071935+00:00","page_url":"https://stenobird.com/podcast/optimist-economy-7257068"},"episode":{"title":"We Don't Have a Housing Shortage. We Have a Paycheck Shortage.","slug":"we-don-t-have-a-housing-shortage-we-have-a-paycheck-shortage","published_at":"2026-02-10T09:30:00+00:00","page_url":"https://stenobird.com/podcast/optimist-economy-7257068/we-don-t-have-a-housing-shortage-we-have-a-paycheck-shortage","show_page_url":"https://stenobird.com/podcast/optimist-economy-7257068","url":"https://play.prx.org/listen?ge=prx_14811_0f667bd1-576d-4fb7-840d-a3767c4f8be4&uf=https%3A%2F%2Fpublicfeeds.net%2Ff%2F14811%2Ffeed-rss.xml","audio_url":"https://dts.podtrac.com/redirect.mp3/tracking.swap.fm/track/sblTq32fyWAjsHzze2LG/dovetail.prxu.org/14811/0f667bd1-576d-4fb7-840d-a3767c4f8be4/260210_OE_S203_HOUSING_FINAL-Chapters.mp3","summary":"Recent polls show 54% now consider housing unaffordable and the cost of homeownership dominates Americans’ economic anxieties. The popular “abundance” narrative says there’s a housing shortage and suggests cutting zoning or environmental rules will let us build our way out of it. But we don’t have a simple net shortage of units—we have a deep mismatch between what gets built and what workers get paid. After 50 years of wage stagnation, the median mortgage payment is over $2,200 while median weekly earnings are $1,200. That’s a gap deregulation or more luxury condos won’t close. The solution isn’t to just build more. It’s also to pay people more. END NOTES: To be considered affordable (30% of income) the median mortgage of $2,259 would require weekly earnings of $1,737. But the m edian weekly wage for full-time workers is $1214 . Where is the Housing Shortage? Of the nation’s 381 metropolitan areas, only four experienced a housing shortage between 2000 and 2020. ( Op-ed from the author in Barron’s here.) The US Housing Crisis is Really About Low-Wage Jobs . Kathryn’s take from 2024 in Bloomberg Opinion. Rate of U.S. homeownership has been climbing since bottoming out in 2016 (Federal Reserve Bank of St. Louis). Mortgage Debt Service Payments as a Percent of Disposable Personal Income is about what it was in 2019 (Federal Reserve Bank of St. Louis). Median Sales Price of Houses Sold for the United States shot up about $90,000 from 2019 to 2025 (Federal Reserve Bank of St. Louis). Housing Affordability and Housing Demand (Federal Reserve Bank of San Francisco) Watch video clips from this episode at the Optimist Economy YouTube channel⁠⁠ . Follow us on Instagram at ⁠⁠ @optimist_economy . Follow us on TikTok at ⁠⁠ @optimist_economy . Read some stuff on our Substack . Consum…","meta_description":"Recent polls show 54% now consider housing unaffordable and the cost of homeownership dominates Americans’ economic anxieties. The popular “abundance” nar…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2707,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/optimist-economy-7257068/episodes/we-don-t-have-a-housing-shortage-we-have-a-paycheck-shortage/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/optimist-economy-7257068/we-don-t-have-a-housing-shortage-we-have-a-paycheck-shortage.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}