How a Parking Lot Fight Explains America's Housing Shortage

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Imani Moise· Host0:13

[upbeat music] Hey, listeners. I'm Imani Mose for The Wall Street Journal. Your Money Briefing is still on a break, but we'll be back soon with more personal finance coverage. In the meantime, this week we're bringing you a special series on one of the biggest financial challenges facing Americans today: housing. The American dream of owning a home has become more elusive with rising prices, limited supply, and high mortgage rates. So what are local lawmakers and federal politicians doing to fix it? Today, we're looking at the NIMBY, "not in my backyard" politics that has been a longstanding hurdle in the push for new housing that's giving way to a YIMBY, "yes in my backyard" groundswell. What's News host Luke Vargas takes us to one neighborhood where a fight over parking lots has become a test case in America's housing debate. That's after the break.

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[upbeat music] Access to affordable credit helps me pay my employees, but I don't really need it.

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Inflation is killing me, [laughs] but who cares? Big retailers are making record profits. That's why we support the Durbin-Marshall Credit Card Bill.

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See, banks and credit unions help small businesses make payroll, and this bill would cut the vital resources