UCLA Housing Voice

Joined by a 20-year veteran of Fannie Mae, Shane shares findings from his work on a proposed new model for building renter wealth: shared prosperity rental housing.
Show notes:
Phillips, S. (2025). Building Renter Wealth: An Evaluation of Shared Prosperity Rental (SPR) Housing Program Design and Feasibility. UCLA Lewis Center for Regional Policy Studies.
Executive summary for the SPR report.
Shane’s 2021 article in The Atlantic, “Renting is Terrible, Owning is Worse.”
Shane’s blog posts preceding and following the article in The Atlantic.
Monkkonen, P., Carlton, I., & Macfarlane, K. (2020). One to four: The market potential of fourplexes in California’s single-family neighborhoods. UCLA Lewis Center for Regional Policy Studies.
The Multifamily Impact Council’s Multifamily Impact Framework.
Enterprise Community Partners’ Renter Wealth Creation Fund website.
Colorado Renter Rewards program website.

Fixed-rate mortgages are expensive, but adjustable-rate mortgages are volatile — but do they have to be? Kevin Erdmann pitches an alternative that captures the best qualities of both. This is part 9 of our series on misaligned incentives in housing policy.
Show notes:
Erdmann, K. (2021). A Suggested Mortgage Amortization Structure: Fixed Amortization, Adjustable Principal. Mercatus Center.
UCLA Housing Voice episode 106: Mortgage Lending Standards with Kevin Erdmann.

This is the shortened "highlights" version of episode 106. You can listen to the full interview here.
Was the housing market really oversupplied in the mid-2000s? Kevin Erdmann says no, and he explains how this misunderstanding is at the root of present-day affordability problems. This is part 8 of our series on misaligned incentives in housing policy.
Show notes:
Erdmann, K. (2018). Housing Was Undersupplied during the Great Housing Bubble. Mercatus Center.
Erdmann, K. (2024). Getting Corporate Money Out of Single-Family Homes Won’t Help the Housing Affordability Crisis. Mercatus Center.
Erdmann Housing Tracker: Mortgages Outstanding by Credit Score
Erdmann Housing Tracker: Follow-Up: Mortgages by Credit Score
Erdmann, K. (2021). A Suggested Mortgage Amortization Structure: Fixed Amortization, Adjustable Principal. Mercatus Center.

Was the housing market really oversupplied in the mid-2000s? Kevin Erdmann says no, and he explains how this misunderstanding is at the root of present-day affordability problems. This is part 8 of our series on misaligned incentives in housing policy.
Show notes:
Erdmann, K. (2018). Housing Was Undersupplied during the Great Housing Bubble. Mercatus Center.
Erdmann, K. (2024). Getting Corporate Money Out of Single-Family Homes Won’t Help the Housing Affordability Crisis. Mercatus Center.
Erdmann Housing Tracker: Mortgages Outstanding by Credit Score
Erdmann Housing Tracker: Follow-Up: Mortgages by Credit Score
Erdmann, K. (2021). A Suggested Mortgage Amortization Structure: Fixed Amortization, Adjustable Principal. Mercatus Center.

Shane makes a guest appearance on USC's Lusk Perspectives to talk state housing law, barriers to missing middle housing and condos, managing transportation systems in densifying cities, building wealth for tenants, and more.
Show notes:
Overview of 40 years of California ADU reform by the California Housing Defense Fund.
State of Los Angeles County Housing and Neighborhoods. Neighborhood Data for Social Change.
Shane’s 2021 article in The Atlantic, “Renting is Terrible, Owning is Worse.”
Shane’s blog posts preceding and following the article in The Atlantic.
The Lewis Center report on “Shared Prosperity Rental Housing,” published in December 2025 and mentioned at the end of the interview.