A New Solution to an Old Problem
For years, Oklahoma built its sales pitch to attract newcomers and business relocations and expansions around the idea of affordability. Few places offered better deals on housing, land, and availability than Oklahoma. That is no longer the case. Blame private equity, or soaring consumer prices, or escalating property insurance rates, or higher costs of materials, or rising interest rates, or all of the above. But the fact is, Oklahoma has a problem, a big problem. Consider this: the state is short 80,000 plus rental homes that are affordable for extremely low-income households. For this week's Observercast, Senate Democratic Leader Julia Kirk joins us for a deep dive into the vexing problems that threaten Oklahoma's very economic future, and into what can be done to help make housing more available and more affordable.