--- title: Tackling the Affordability Crisis with Dr. Arpit Gupta description: NYU Professor Dr. Arpit Gupta talks about his important research on housing affordability, and the causes and cures of our unaffordable housing market. image: https://blog.altosresearch.com/hubfs/1280x720_Top_of_Mind_Podcast_2025.png --- [![Altos - Lead with data. Win with confidence.](https://blog.altosresearch.com/hs-fs/hubfs/altos-logo_electric%20blue-1.png?width=1000&height=168&name=altos-logo_electric%20blue-1.png "Altos - Lead with data. Win with confidence.")](http://Altos) - Product - [Features](https://www.altosresearch.com/features) - [Market Reports](https://www.altosresearch.com/market_reports) - [Lead Generation](https://www.altosresearch.com/lead_generation) - [Facebook Ads](https://www.altosresearch.com/facebook_ads) - [Email Campaigns](https://www.altosresearch.com/email_campaigns) - [Website Integration](https://www.altosresearch.com/website_integration) - [CRM Integration](https://www.altosresearch.com/crm_integration) - Enterprise Data - [Solutions Overview](https://www.altosresearch.com/solutions_overview) - [Altos Listing Intel](https://www.altosresearch.com/data_products) - [Altos Rental Intel](https://www.altosresearch.com/data_products#altos-rental-intel) - [Altos Trends](https://www.altosresearch.com/data_products#altos-trends) - [Altos API](https://www.altosresearch.com/data_products#altos-api) - [Pricing](https://www.altosresearch.com/pricing) - [Learn More](https://www.altosresearch.com/contact) [Altos Research](https://blog.altosresearch.com/tag/altos-research) [Mike Simonsen](https://blog.altosresearch.com/tag/mike-simonsen) [Top of Mind Podcast](https://blog.altosresearch.com/tag/top-of-mind-podcast) [affordability](https://blog.altosresearch.com/tag/affordability) [Arpit Gupta](https://blog.altosresearch.com/tag/arpit-gupta) # Tackling the Affordability Crisis with Dr. Arpit Gupta By [Mike Simonsen](https://blog.altosresearch.com/author/mike-simonsen) on May 7, 2025 ### Topics - Select a Topic ### Stay up to date SUBSCRIBE TO OUR BLOG ### Stay up to date ##### Search The Blog [Back to main Blog](https://blog.altosresearch.com) ![](https://blog.altosresearch.com/hs-fs/hubfs/Mike%20Simonsen%20Headshot%202023%20Square.jpeg?height=100&name=Mike%20Simonsen%20Headshot%202023%20Square.jpeg) ###### Mike Simonsen Mike Simonsen is the founder and president of real estate analytics firm Altos Research, which has provided national and local real estate data to financial institutions, real estate professionals, and investors across the country for more than 15 years. An expert trendspotter, Mike uses Altos data to identify market shifts months before they hit the headlines. [mailto:mike@altosresearch.com](mailto:mike@altosresearch.com) Share this article In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dr. Arpit Gupta of NYU’s Stern School of Business. The two discuss Dr. Gupta’s important research on housing affordability, and the causes and cures of our unaffordable housing market. They uncover insights about which local regulations are the most negative for affordable housing, surprising data about how property taxes impact families and the market, and how home equity will impact future economic downturns. ### About Arpit Gupta Arpit Gupta is a professor of finance at New York University’s Stern School of Business. Professor Gupta's research interests focus on using large datasets to understand default dynamics real estate and household finance. He received his B.S. in math and econ at the University of Chic![Screenshot 2025-05-06 at 7.55.16 AM](https://blog.altosresearch.com/hs-fs/hubfs/Screenshot%202025-05-06%20at%207.55.16%20AM.png?width=351&height=345&name=Screenshot%202025-05-06%20at%207.55.16%20AM.png)ago and his Ph.D. in Finance and econ from Columbia Business School. Dr. Gupta has done really useful research on housing affordability. He’s studied the impact of housing regulation and taxation on affordability.                       [![apple](https://blog.altosresearch.com/hs-fs/hubfs/apple.png?width=200&name=apple.png)](https://podcasts.apple.com/us/podcast/top-of-mind/id1599382871) [![spotify](https://blog.altosresearch.com/hs-fs/hubfs/spotify.png?width=200&name=spotify.png)](https://open.spotify.com/show/5URtye3HdYPmC3rgeqhNz6) [![stitcher](https://blog.altosresearch.com/hs-fs/hubfs/stitcher.png?width=200&name=stitcher.png)](https://www.stitcher.com/show/top-of-mind-3) [![googke podcast](https://blog.altosresearch.com/hs-fs/hubfs/googlepodcast.png?width=200&name=googlepodcast.png)](https://podcasts.google.com/feed/aHR0cHM6Ly90b3Atb2YtbWluZC5saWJzeW4uY29tL3Jzcw?sa=X&ved=0CAMQ4aUDahcKEwi4-6Piweb0AhUAAAAAHQAAAAAQDg) [![Deezer](https://blog.altosresearch.com/hs-fs/hubfs/listen-on-deezer.png?width=200&name=listen-on-deezer.png)](https://www.deezer.com/us/show/3200282) [![playerfm](https://blog.altosresearch.com/hs-fs/hubfs/player-fm%20(1).png?width=200&name=player-fm%20(1).png)](https://player.fm/series/3012683)   [![partner-share-lg](https://blog.altosresearch.com/hs-fs/hubfs/amazon-music.png?width=200&name=amazon-music.png)](https://music.amazon.com/podcasts/48655941-2ea3-41e5-8e52-565dff28705e/top-of-mind) [![tunein](https://blog.altosresearch.com/hs-fs/hubfs/tunein-button.png?width=200&name=tunein-button.png)](https://tunein.com/podcasts/p1587076/) ### Here’s a glimpse of what you’ll learn: - The ways in which regulation contributes to unaffordability in the housing market - Which types of local regulations are the most negative for housing affordability - Why low property taxes hurt young families - One surprising reason that Texas real estate is more affordable than California - What California does well and what it does poorly in the battle for affordability - Why New York’s AirBnB ban didn’t help affordability - How remote work has changed the housing market and what’s next ### Resources mentioned in this episode - [⁠Arpit Gupta | LinkedIn](https://www.linkedin.com/in/arpit-gupta-173b54102/) - [⁠](https://www.linkedin.com/in/arpit-gupta-173b54102/)[⁠Arpit Gupta | X](https://x.com/arpitrage?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) - [⁠](https://x.com/arpitrage?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor)[⁠Arpit Gupta⁠](https://arpitgupta.info/) - [Mike Simonsen | LinkedIn](https://www.linkedin.com/in/simonsen/) - [Altos](https://altosresearch.com/) ### About Altos Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels. [Schedule a demo](https://altosresearch.com/contact) to see Altos in action. You can also get a copy of our free eBook: [*How To Use Market Data to Build Your Real Estate Business*](https://7754956.hs-sites.com/altos-ebook?__hstc=177787770.dfd2242e41c4676ddae63553e8a714b7.1616790225321.1651704895093.1651854369928.184&__hssc=177787770.1.1651854369928&__hsfp=816183195). *The Top of Mind podcast features top real estate industry insiders and experts to unpack the most important housing, real estate, mortgage data and trends that are shaping the housing market. Hosted by Altos founder Mike Simonsen and produced by the HousingWire Content Studio.* [Previous Post](https://blog.altosresearch.com/the-next-chapter-data-is-your-license-to-think-bigger-with-housingwires-clayton-collins) [Next Post](https://blog.altosresearch.com/lessons-in-single-family-rental-with-amhersts-sean-dobson) ### Get the latest articles directly in your inbox, stay up to date SUBSCRIBE TO OUR BLOG Product [Features](https://www.altosresearch.com/features) [Market Reports](https://www.altosresearch.com/market_reports) [Lead Generation](https://www.altosresearch.com/lead_generation) [Facebook Ads](https://www.altosresearch.com/facebook_ads) [Email Campaigns](https://www.altosresearch.com/email_campaigns) [Website Integration](https://www.altosresearch.com/website_integration) [CRM Integration](https://www.altosresearch.com/crm_integration)   Enterprise Data [Solutions Overview](https://www.altosresearch.com/solutions_overview) [Altos Listing Intel](https://www.altosresearch.com/data_products#altos-listing-intel) [Altos Rental Intel](https://www.altosresearch.com/data_products#altos-rental-intel) [Altos Trends](https://www.altosresearch.com/data_products#altos-trends) [Altos API](https://www.altosresearch.com/data_products#altos-api) Pricing [Subscription Plans](https://www.altosresearch.com/pricing) Get in Touch [About Us](https://www.altosresearch.com/about) [Contact Us](https://www.altosresearch.com/contact_us) [Request a Demo](https://www.altosresearch.com/contact) [Customer Support](https://share.hsforms.com/1bAEJ4J25S_iZt8OvegafWQ4m7rg?__hstc=177787770.df73831a6b87651df4e60e719a028239.1638222342071.1639540106714.1639545276720.6&__hssc=177787770.13.1639545276720&__hsfp=2496272110) [Log In](https://www.altosresearch.com/admin) [Altos Blog](https://blog.altosresearch.com/) Copyright @ 2021 Altos Research. All Rights Reserved. | [Privacy Policy |](https://www.altosresearch.com/privacy_policy)[Terms of Service](https://www.altosresearch.com/terms) - - - - ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Mike Simonsen", "url" : "https://blog.altosresearch.com/author/mike-simonsen" }, "dateModified" : "2025-05-07T11:00:00.429Z", "datePublished" : "2025-05-07T11:00:00.000Z", "headline" : "Tackling the Affordability Crisis with Dr. Arpit Gupta", "image" : [ "https://blog.altosresearch.com/hubfs/1280x720_Top_of_Mind_Podcast_2025.png" ], "mainEntityOfPage" : { "@id" : "https://blog.altosresearch.com/tackling-the-affordability-crisis-with-dr.-arpit-gupta", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.altosresearch.com/hubfs/altos-logo_electric%20blue-1.png" }, "name" : "Altos" } } ```