Housing Costs in Swing States Major Factor in Election

Episode Transcript

(00:00):
Welcoming aeron Rail and National corresponding NBCRadio. Back to the program, Aaron,
we have talked a lot here abouthousing costs. What does it look
like since the last election, particularlyin swing states, which obviously is a
big deal as we go to theas we go to the election, as

(00:22):
big a deal as it gets becausefrankly, while the assassination attempt, Biden's
age jd vance, these are allbig deals, they're not as big in
many ways as the mainstay in politics, that is housing affordability. This directly
impacts nearly everyone in the country.And we've seen those swing states this year.
It's going to be Arizona, Nevada, Wisconsin, Michigan, Pennsylvania,

(00:44):
Georgia, and North Carolina. Thehousing costs there have skyrocketed. They've skyrocketed
in red and blue states. Buthome buyer's median housing payment has risen ninety
five percent to a record twenty sixtysix bucks in red states. It's up
eighty three per cent in Blue statesto thirty three hundred dollars. Obviously starting
off hire to begin with, butthe median home price in swing states up

(01:07):
forty percent since twenty twenty. It'sa record high to buy a home of
three hundred and sixteen thousand dollars.So essentially the household earnings in these median
swing stag is around seventy nine thousand. You'd need to spend at least thirty
two percent of your earnings to afforda home. In twenty twenty, you
only needed twenty one percent. Yeah, and that's impractical. Those some people

(01:30):
will probably try it if they canget a mortgage, but man, they're
they're just going to be setting homelooking out the window. They won't have
any any extra money to do anything. Yeah, that's a great way of
being It. A lot and alot of voters know that, and so
that that could have an impact.You mentioned JD. Vansen pack in passing
the new running mate for Donald Trump, and he's on stage tonight at the

(01:53):
RNC keynote speaker. I've heard aaronthat he's a huge with the Silicon Valley
crowd, right, a huge.Know what, let me put this clear,
He's a hit with a contingent anda thread that runs through the Silicon
Valley crowd. Because let's not forgetthat Silicon Valley, the tech industry in

(02:15):
general, it has long been aliberal pash and yeah, listen, this
is a democratic stronghold in deeply progressiveSan Francisco or right outside. But but
there is this Republican contingent within techthat has become way more visible recently.
We know Elon Musk, we knowSean Maguire from Sequoia Capital, Eric Schmidt,
Mark Andresen, all of these people, they often tend to lean libertarian,

(02:40):
which has many overlaps with republican values, the smaller government, the free
market capitalism. It is not clearcut. It's certainly not conservativism, but
it's it has you know, they'rebedfellows in a lot of ways. So
all of that said, dance ispopular with some strains within Silicon Valley.
He actually became a prince and theThrill Capital, which is a venture firm

(03:02):
back by Teal right after he graduatedfrom Yala in twenty sixteen. He then
went on to a Steve Case backedfirm Revolution, and then he went back
to Ohio where he's from started hisown venture capital film Naria, and he
did it with the backing and capitalof Teal, Eric Schmidt and Mark Andrews.
And I'm naming billionaires here who havecome and put their money where their

(03:23):
mouth is when it comes to Vans. They have one of their own guys
in office potentially. Yeah, wellhe's already in office, but in the
highest seat, one of the secondhighest seat, if you will. Yeah.
And it's interesting because the kind ofmoney that they can throw into a
campaign and Elon Musk saying, whatdid you say, forty five million a
month he's going to he's going tocontribute to And then yesterday the hits kept

(03:46):
coming. He's taking his companies Xand SpaceX and moving them to California,
to from California to Texas to joinhis car company Tesla. Like this is
this is when it becomes unhospitable todo business. People will leave in spite
of how much. And I saythis, I'm not taking a position on

(04:06):
this. California is objectively beautiful.It's one of the prettiest there is.
It's a shame that it's so difficultto operate both professionally and personally there.
It is. It's a it's acrime. Anybody who's visited knows. I
mean, it's a it's an absolutejewel as a natural wonder, the state

(04:26):
of California. I mean an absolutewonder. I actually had the pleasure to
drive once from San Francisco down toLa Pacifica's Highway, and I remember just
being like literally rounding a curve andhaving my breath cake. Yes, yeah,
is that one on one or whateverthe highway is. Yeah, I

(04:47):
forget the name, but yes,I believe so. Yes, it goes
along the coast is amazing. Idid that drive once from Pacific Coastway.
Yeah, from Salina's down to uoh no, from Atheringon down to Selena's
one time. And it's just andthe redwoods and what they've done. What
Musk says, Look, he says, I'm that they signed this bill or

(05:10):
the governor knews some signed this billout there, which, uh, that
will not allow a school district tonotify parents if their kids begins identifying as
a different gender. And you're notallowed to inform the parents, he says,
as a parent, And that's likewhat, Yeah, it seems it

(05:34):
almost seems silly, like if youwere an alien who came down and you're
like, of this one specific thing, you can't tell the parents, But
can you tell the parents if they'reI don't know, picking their nose?
Like it just seems so so Arb, You're like, what don't you report
all the stuff to the parents becauseit's their responsibility. Why this specific?
Like we know why I'm being askinga rhetorical question, but the idea is

(05:57):
like this seems so goofy. Yourrhetorical question was better than my other question,
so we appreciate that. Aaron,thanks always. Go cha. You
bet you too, Aaron Rayel,NBC Radio