This is the shortened &quot;highlights&quot; version of episode 106. You can listen to the full interview <a href='https://www.lewis.ucla.edu/2026/01/21/106-mortgage-lending-standards-with-kevin-erdmann-incentives-series-pt-8/'>here</a>.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:<ul><li>Erdmann, K. (2018). <a href='https://www.mercatus.org/research/policy-briefs/housing-was-undersupplied-during-great-housing-bubble'>Housing Was Undersupplied during the Great Housing Bubble.</a> Mercatus Center.</li><li>Erdmann, K. (2024). <a href='https://www.mercatus.org/research/policy-briefs/getting-corporate-money-out-single-family-homes-wont-help-housing'>Getting Corporate Money Out of Single-Family Homes Won’t Help the Housing Affordability Crisis.</a> Mercatus Center.</li><li>Erdmann Housing Tracker: <a href='https://kevinerdmann.substack.com/p/mortgages-outstanding-by-credit-score'>Mortgages Outstanding by Credit Score</a></li><li>Erdmann Housing Tracker: <a href='https://kevinerdmann.substack.com/p/follow-up-mortgages-by-credit-score'>Follow-Up: Mortgages by Credit Score</a></li><li>Erdmann, K. (2021). <a href='https://www.mercatus.org/research/policy-briefs/suggested-mortgage-amortization-structure-fixed-amortization-adjustable'>A Suggested Mortgage Amortization Structure: Fixed Amortization, Adjustable Principal.</a> Mercatus Center.</li></ul>

<description>&lt;p&gt;This is the shortened &amp;quot;highlights&amp;quot; version of episode 106. You can listen to the full interview &lt;a href='https://www.lewis.ucla.edu/2026/01/21/106-mortgage-lending-standards-with-kevin-erdmann-incentives-series-pt-8/'&gt;here&lt;/a&gt;.&lt;/p&gt;&lt;p&gt;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.&lt;/p&gt;&lt;p&gt;&lt;b&gt;Show notes:&lt;/b&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;Erdmann, K. (2018). &lt;a href='https://www.mercatus.org/research/policy-briefs/housing-was-undersupplied-during-great-housing-bubble'&gt;Housing Was Undersupplied during the Great Housing Bubble.&lt;/a&gt; Mercatus Center.&lt;/li&gt;&lt;li&gt;Erdmann, K. (2024). &lt;a href='https://www.mercatus.org/research/policy-briefs/getting-corporate-money-out-single-family-homes-wont-help-housing'&gt;Getting Corporate Money Out of Single-Family Homes Won’t Help the Housing Affordability Crisis.&lt;/a&gt; Mercatus Center.&lt;/li&gt;&lt;li&gt;Erdmann Housing Tracker: &lt;a href='https://kevinerdmann.substack.com/p/mortgages-outstanding-by-credit-score'&gt;Mortgages Outstanding by Credit Score&lt;/a&gt;&lt;/li&gt;&lt;li&gt;Erdmann Housing Tracker: &lt;a href='https://kevinerdmann.substack.com/p/follow-up-mortgages-by-credit-score'&gt;Follow-Up: Mortgages by Credit Score&lt;/a&gt;&lt;/li&gt;&lt;li&gt;Erdmann, K. (2021). &lt;a href='https://www.mercatus.org/research/policy-briefs/suggested-mortgage-amortization-structure-fixed-amortization-adjustable'&gt;A Suggested Mortgage Amortization Structure: Fixed Amortization, Adjustable Principal.&lt;/a&gt; Mercatus Center.&lt;/li&gt;&lt;/ul&gt;</description>

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 Corpora...

UCLA Housing Voice

Highlights: Ep. 106. Mortgage Lending Standards with Kevin Erdmann

Highlights: Ep. 106. Mortgage Lending Standards with Kevin Erdmann

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