Housing Policy: A Roadmap to Recovery | Mark Grinis

At the 1RealEstateWorld, Mark Grinis, Global Real Estate, Hospitality & Construction Leader at EY, presents "Housing Policy: A Roadmap to Recovery." Grinis emphasizes that housing affordability is the key issue, driven by supply shortages, rising interest rates, and the "lock-in effect," where homeowners hesitate to sell due to low mortgage rates. He traces the crisis to the 2008 financial collapse and advocates for innovative solutions, such as office-to-residential conversions and zoning reforms seen in cities like New York and Minneapolis. Grinis stresses the importance of public-private collaboration to address the housing crisis sustainably.