AIPIS 216 - Home Builders Searching for Labor with Andrew Zatlin
Accredited Income Property Investment Specialist (AIPIS) · Jason Hartman
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Show Notes
In the first part of Jason Hartman's interview with Moneyball economist Andrew Zatlin, the two of them take a deep look at what's going on in the housing market through the lens that Andrew uses. He looks at hiring patterns of home builders, and has seen a distinct problem in their search for labor. So many industries are hunting for labor that it's creating a bottleneck.
The two also look at short-term rentals, hotel vacancies, the Fed's monetary policy, and what's creating the demand for housing.
Key Takeaways:
[1:35] Andrew likes to check in with companies about what they're doing in regards to hiring
[4:05] Home builders can't hire enough people right now. The bottleneck is labor because there's a LOT of competition for it
[7:02] One question we need to ask is: what's creating all this demand for housing?
[11:06] The environment today makes it more attractive to buy rather than rent
[16:57] Do short-term rental providers need to worry about oversupply?
[19:15] Hotel vacancy rates tipped into the negatives this past year because of short-term rentals exploding in popularity
[21:55] Demand will create supply, but sometimes supply can create demand
[25:47] The Fed is on a trajectory of tightening
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