Why Millennials Need a Housing Bubble

The video discusses the subdued state of construction despite low unemployment and rising demand. Factors like labor shortages, regulatory changes, and demographic shifts are explored. The need for a housing bubble to meet millennial demand is debated, drawing an analogy to the 2005 oil market. Public responses and demographic changes are also considered.

What role do regulatory costs and land shortages play in the current construction environment?

In what ways has the Great Recession affected millennials' ability to enter the housing market?