Logan Mohtashami is the lead analyst at Housingwire, where he writes about the housing market and the US economy. And before that, he spent a few decades as a senior lending officer at a real estate company.

Well before the pandemic, Logan was arguing that during the years 2020 to 2024, housing prices in the US would climb to troubling levels, the result of various coinciding trends in the economy. And that is exactly what’s happened. In his chat with Cardiff, Logan explains the forces that have been driving up home prices, and what might happen in the next few years. And he and Cardiff also talk about the ways that housing is such a different, even unique, kind of asset — and why policies towards housing are so often full of contradiction.